Common use of Collateral in Connection with Clearing Transactions Clause in Contracts

Collateral in Connection with Clearing Transactions. In addition to any other margin or collateral requirements of any XX Xxxxxx Entity, you shall maintain at all times with JPMS cash or securities acceptable to JPMS as a clearing deposit or otherwise to secure the payment and performance of your Obligations in amount determined by JPMS in its sole discretion in connection with Clearing Transactions under this Supplement. Upon termination of this Agreement, XX Xxxxxx reserves the right to withhold margin, as determined by it in its commercially reasonable discretion exercised in good faith, for ninety (90) days to satisfy Obligations due to reclaims or claw-backs by a clearing system or Depository in connection with Activities cleared or processed in your FIC PB Account prior to such termination.