Common use of Credit Limits Clause in Contracts

Credit Limits. 18.1 The Client understands that: (a) VGP may grant certain Clients a Credit Limit. A Credit Limit is a pre-agreed amount of Australian dollars that can be offset against a negative Mark to Market value on Open Position; or an amount applicable to unsettled trading losses to some or all Orders (either individually or in aggregate or both); (b) If the negative Mark to Market of Open Position is approaching or has exceeded the Client’s Credit Limit, VGP reserves the right to Margin Call the Client an amount entirelyat its discretion; (c) VGP is not obliged to provide credit to the Client; and (d) any Credit Limit set by VGP may be reduced or withdrawn at any time by giving Notice to the Client. 18.2 The Client acknowledges that if VGP acts on an Instruction which would result in a CreditLimit being exceeded: (a) VGP is not obliged to inform the Client that the Credit Limit will be exceeded; (b) the Client will continue to be liable to VGP for all amounts including those above the Credit Limit; and (c) VGP is not obliged to act upon any subsequent Instruction where a Credit Limit might be exceeded.

Credit Limits. 18.1 The Client understands that: (a) VGP ZHG may grant certain Clients a Credit Limit. A Credit Limit is a pre-agreed amount of Australian dollars that can be offset against a negative Mark to Market value on Open Position; or an amount applicable to unsettled trading losses to some or all Orders (either individually or in aggregate or both); (b) If the negative Mark to Market of Open Position is approaching or has exceeded the Client’s Credit Limit, VGP reserves ZHGreserves the right to Margin Call the Client an amount entirelyat its discretion; (c) VGP ZHG is not obliged to provide credit to the Client; and (d) any Credit Limit set by VGP may ZHGmay be reduced or withdrawn at any time by giving Notice to Noticeto the Client. 18.2 The Client acknowledges that if VGP ZHG acts on an Instruction which would result in a CreditLimit aCreditLimit being exceeded: (a) VGP ZHG is not obliged to inform the Client that the Credit Limit will be exceeded; (b) the Client will continue to be liable to VGP for ZHGfor all amounts including those above the Credit theCredit Limit; and (c) VGP ZHG is not obliged to act upon any subsequent Instruction where a Credit Limit might be exceeded.

Credit Limits. 18.1 17.1 The Client understands that: (a) VGP may grant certain Clients a Credit Limit. A Credit Limit is a pre-agreed amount of Australian dollars that can be offset against a negative Mark Xxxx to Market value on Open Position; or an amount applicable to unsettled trading losses to some or all Orders (either individually or in aggregate or both); (b) If the negative Mark Xxxx to Market of Open Position is approaching or has exceeded the Client’s Credit Limit, VGP reserves the right to Margin Call the Client an amount entirelyat entirely at its discretion; (c) VGP is not obliged to provide credit to the Client; and (d) any Credit Limit set by VGP may be reduced or withdrawn at any time by giving Notice to the Client. 18.2 17.2 The Client acknowledges that if VGP acts on an Instruction which would result in a CreditLimit Credit Limit being exceeded: (a) VGP is not obliged to inform the Client that the Credit Limit will be exceeded; (b) the Client will continue to be liable to VGP for all amounts including those above the Credit Limit; and (c) VGP is not obliged to act upon any subsequent Instruction where a Credit Limit might be exceeded.

Credit Limits. 18.1 The Client understands that: (a) VGP UM may grant certain Clients a Credit Limit. A Credit Limit is a pre-agreed amount of Australian dollars that can be offset against a negative Mark to Market value on Open Position; or an amount applicable to unsettled trading losses to some or all Orders (either individually or in aggregate or both); (b) If the negative Mark to Market of Open Position is approaching or has exceeded the Client’s Credit Limit, VGP UM reserves the right to Margin Call the Client an amount entirelyat entirely at its discretion; (c) VGP UM is not obliged to provide credit to the Client; and (d) any Credit Limit set by VGP UM may be reduced or withdrawn at any time by giving Notice to the Client. 18.2 The Client acknowledges that if VGP UM acts on an Instruction which would result in a CreditLimit Credit Limit being exceeded: (a) VGP UM is not obliged to inform the Client that the Credit Limit will be exceeded; (b) the Client will continue to be liable to VGP UM for all amounts including those above the Credit Limit; and (c) VGP UM is not obliged to act upon any subsequent Instruction where a Credit Limit might be exceeded.

Credit Limits. 18.1 The Client understands that: (a) VGP HoldingFx may grant certain Clients a Credit Limit. A Credit Limit is a pre-pre- agreed amount of Australian dollars that can be offset against a negative Mark to Market value on Open Position; or an amount applicable to unsettled trading losses to some or all Orders (either individually or in aggregate or both); (b) If the negative Mark to Market of Open Position is approaching or has exceeded the Client’s Credit Limit, VGP HoldingFx reserves the right to Margin Call the Client an amount entirelyat entirely at its discretion; (c) VGP HoldingFx is not obliged to provide credit to the Client; and (d) any Credit Limit set by VGP HoldingFx may be reduced or withdrawn at any time by giving Notice to the Client. 18.2 The Client acknowledges that if VGP HoldingFx acts on an Instruction which would result in a CreditLimit Credit Limit being exceeded: (a) VGP HoldingFx is not obliged to inform the Client that the Credit Limit will be exceeded; (b) the Client will continue to be liable to VGP HoldingFx for all amounts including those above the Credit Limit; and (c) VGP HoldingFx is not obliged to act upon any subsequent Instruction where a Credit Limit might be exceeded.

Credit Limits. 18.1 The Client understands that: (a) VGP may grant certain Clients a Credit Limit. A Credit Limit is a pre-agreed amount of Australian dollars that can be offset against a negative Mark to Market value on Open Position; or an amount applicable to unsettled trading losses to some or all Orders (either individually or in aggregate or both); (b) If the negative Mark to Market of Open Position is approaching or has exceeded the Client’s Credit Limit, VGP reserves the right to Margin Call the Client an amount entirelyat entirely at its discretion; (c) VGP is not obliged to provide credit to the Client; and (d) any Credit Limit set by VGP may be reduced or withdrawn at any time by giving Notice to the Client. 18.2 The Client acknowledges that if VGP acts on an Instruction which would result in a CreditLimit Credit Limit being exceeded: (a) VGP is not obliged to inform the Client that the Credit Limit will be exceeded; (b) the Client will continue to be liable to VGP for all amounts including those above the Credit Limit; and (c) VGP is not obliged to act upon any subsequent Instruction where a Credit Limit might be exceeded.