Default of the Non-Clearing Member. 5.1 The Non-Clearing Member undertakes to fulfil its obligations to the General Clearing Member arising from the Transfer Orders indicated in Article 2, according to the provisions of the Regulations, in due time for the General Clearing Member to fulfil its corresponding obligations to CC&G. 5.2 It is understood that in the event that the General Clearing Member notifies CC&G within the required deadline of the failed performance by the Non-Clearing Member of its settlement obligations, in whole or in part, the General Clearing Member under its sole responsibility is bound to close the contractual positions of the Non-Clearing Member, pursuant to the provisions of Articles B.6.1.1, paragraph 3, and
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Samples: Membership Requirements Agreement, Membership Requirements Agreement, Membership Requirements Agreement
