FORCED ORDER CLOSURE Sample Clauses

FORCED ORDER CLOSURE. 3.8.1 In cases where the margin available on the Client’s trading account has reached the Margin Call level, the Company may at its own discretion exercise the right of forced closure of the order by giving one business day notice to the Client 3.8.2 In cases where the margin available on the Client’s trading account is less or equal to the Stop Out level, open positions will be subject to forced closure with no prior notice being given to, or consent requested from, the Client. 3.8.3 Information on Margin Call/Stop Out levels is published on the Company’s official website. 3.8.4 If after the forced order closure the Client’s trading account reaches a negative balance, the Company reserves the right to eliminate the negative balance by applying funds from other account(s) held by the Client or, if there are no sufficient funds in the other account(s), to require the Client to put the account in funds within 10 (ten) business days from the forced order closure date, failing which the Company may refer the matter for settlement to court and charge an interest on the debit balance.
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FORCED ORDER CLOSURE. 4.10.1. In cases where the margin available on the Client’s Trading Account has reached the Margin Call level, the Company may at its own discretion exercise the right of forced closure of the order giving one business daysnotice to the Client. 4.10.2. In cases where the margin available on the Client’s Trading Account is less or equal to the Stop Out level, open positions will be subject to forced closure with no prior notice being given to, or consent requested from, the Client. 4.10.3. Information on Margin Call/Stop Out levels is published on the Company’s Official Website. 4.10.4. In case the Client’s Trading Account reaches a negative balance, this does not imply any debt payments from the Client and cannot be regarded as such. The Company will compensate the Trading Account balance to zero. 4.10.5. The Company has the right to close one or all Client’s positions if the Client is in breach of any terms and conditions of this Agreement and attachments thereto.
FORCED ORDER CLOSURE. 4.10.1 In cases where the margin available on the Client’s trading account has reached the Margin Call level, the Company may at its own discretion exercise the right of forced closure of the order by giving one business day notice to the Client

Related to FORCED ORDER CLOSURE

  • Lane closure (i) The Contractor shall not close any lane of the Project Highway for undertaking maintenance works except with the prior written approval of the Authority’s Engineer. Such approval shall be sought by the Contractor through a written request to be made at least 10 (ten) days before the proposed closure of lane and shall be accompanied by particulars thereof. Within 5 (five) business days of receiving such request, the Authority’s Engineer shall grant permission with such modifications as it may deem necessary and a copy of such permission shall be sent to the Authority. (ii) Upon receiving the permission pursuant to Clause 14.5 (i), the Contractor shall be entitled to close the designated lane for the period specified therein, and for all lane closures extending a continuous period of 48 (forty-eight) hours, the Contractor shall, in the event of any delay in re-opening such lane, for every stretch of 250 (two hundred and fifty) metres, or part thereof, pay Damages to the Authority calculated at the rate of 0.1% (zero point one per cent) of the monthly maintenance payment for each day of delay until the lane has been re-opened for traffic. In the event of any delay in re-opening such lanes or in the event of emergency decommissioning and closure to traffic of the whole or any part of the Project Highway due to failure of the Contractor, the Contractor shall pay damages to the Authority at double the above rate, without prejudice the rights of the Authority under this Agreement including Termination thereof.

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