Hedging Disruption. Notwithstanding anything to the contrary in this Trading Agreement, if we determine that a Hedging Disruption has occurred, or may occur, including a Hedging Disruption which is a result of any actual or imminent delay, disruption, suspension, or reduction in any payment or settlement in respect of any transaction or asset we deem necessary to hedge our Transaction price risk, whether such Hedging Disruption arises directly or indirectly from the failure of a hedging counterparty to perform its obligations or otherwise, then will be liable to us for any increased costs or expenses resulting from such Hedging Disruption (including any costs of unwinding, establishing or re- establishing a hedge) and we may upon notification of such costs to you deduct them from your account or demand payment. If you fail to comply fully and by the required time with the obligation to make payment this will constitute an Event of Default.
Appears in 9 contracts
Samples: Client Service Agreement, Client Service Agreement, Client Service Agreement
Hedging Disruption. 6.1 Notwithstanding anything to the contrary in this Trading Customer Agreement, if we determine that a Hedging Disruption has occurred, or may occur, including a Hedging Disruption which is a result of any actual or imminent delay, disruption, suspension, or reduction in any payment or settlement in respect of any transaction or asset we deem necessary to hedge our Transaction price risk, whether such Hedging Disruption arises directly or indirectly from the failure of a hedging counterparty to perform its obligations or otherwise, then will be liable to us for any increased costs or expenses resulting from such Hedging Disruption (including any costs of unwinding, establishing or re- establishing a hedge) and we may upon notification of such costs to you deduct them from your account or demand payment. If you fail to comply fully and by the required time with the obligation to make payment this will constitute an Event of Default.
Appears in 1 contract
Samples: Customer Agreement
Hedging Disruption. Notwithstanding anything to the contrary in this Trading Agreement, if we determine that a Hedging Disruption has occurred, or may occur, including a Hedging Disruption which is a result of any actual or imminent delay, disruption, suspension, or reduction in any payment or settlement in respect of any transaction or asset we deem necessary to hedge our Transaction price risk, whether such Hedging Disruption arises directly or indirectly from the failure of a hedging counterparty to perform its obligations or otherwise, then you will be liable to us for any increased costs or expenses resulting from such Hedging Disruption (including any costs of unwinding, establishing or re- establishing a hedge) and we may upon notification of such costs to you deduct them from your account or demand payment. If you fail to comply fully and by the required time with the obligation to make payment this will constitute an Event of Default.
Appears in 1 contract
Samples: Client Service Agreement
Hedging Disruption. Notwithstanding anything to the contrary in this Trading Agreementthese Terms, if we determine that a Hedging Disruption hedging disruption has occurred, ,or may occur, including a Hedging Disruption hedging disruption which is a result of any actual or imminent delay, disruption, suspension, or reduction in any payment or settlement in respect of any transaction or asset we may deem necessary to hedge our Transaction price risk, . Irrespective of whether such Hedging Disruption hedging disruption arises directly or indirectly from the failure of a hedging counterparty to perform its obligations or otherwise, then you will be liable to us for any increased costs or expenses resulting from such Hedging Disruption hedging disruption (including any costs of unwinding, establishing or re- establishing a hedge) and we may ). We may, upon notification of such costs to you you, deduct them such amounts from your account or demand paymentpayment where there are insufficient funds in your account. If you fail to comply fully and by the required time with the obligation to make payment payment, this will constitute an Event of Default.
Appears in 1 contract
Samples: Client Agreement