Events of Default and Default Remedies. (1) Each of the following constitutes an "Event of Default":
Events of Default and Default Remedies. Each of the following constitutes an "Event of Default": the Client fails to perform any obligation under the Terms of this Agreement (including but not limited to meet the Margin Requirements, offset a commodity options contract position in due time, close-out any positions in a future contract not settled in cash by the close-out deadline); the Client fails to make any payment due to us or to any Financial Intermediary the Company partners with, in accordance with the conditions set out in this Agreement; the Client becomes unable to pay their debts as and when they fall due; where any Transaction or combination of Transactions or any realised or unrealised losses on any Transactions or combination of Transactions opened by you results in you exceeding any credit or other limit placed on your dealings; if the Client is an individual, their death or incapacity; initiation by or against the Client of proceedings for bankruptcy (if Client is an individual) or for winding- up or for the appointment of an administrator or receiver in respect of you or any of your assets (if Client is a legal entity) or (in both cases) in the event of arrangement or composition with Client’s creditors or any other similar or analogous procedure is commenced in respect of the Client’ property or involving any organization of which the Client is a member; where any representation or warranty made or given by the Client in this Agreement was untrue or misleading at the time it was made or given, or later becomes untrue; the Client fails to provide, upon request, any information or documentation needed for verifying the Client’s identity or other persons’ identity for the purpose of the prevention of money laundering and terrorist financing; the Company suspects that the Client is engaged into money laundering activities or terrorist financing or card fraud or other criminal activities; the Client engages or there is a suspicion that Client may have engaged in market abusive behaviours and prohibited techniques in accordance with the provisions under Term 14 of this Agreement; the Company reasonably suspects that the Client opened the Client Account fraudulently; if any disputes arises concerning any Client’s trade; or any other circumstance where we reasonably believe that it is necessary or desirable to take any action to protect ourselves or all or any of our other Clients. If an Event of Default occurs in relation to your account(s) with us or in relation to any account(s) hel...
Events of Default and Default Remedies. Any one or more of the following events shall constitute an event of default (an "Event of Default") hereunder:
Events of Default and Default Remedies
