Liability for margin calls Sample Clauses

Liability for margin calls. The Client is responsible for payment of margin calls, deposits and other security as requested by Fidelcrest and the following is drawn to the Client’s attention: Liability to pay an initial margin accrues at the time of the trade or deal is executed regardless of when a call is made. Liability to pay a variation margin accrues at the time the margin comes into existence, regardless of when a call is made. Client liability is the total of all margin calculation provisions. Should Fidelcrest make a margin call the Client is required to deposit funds into their account within 24 hours or the Account will be taken to be in default. In some circumstances, Fidelcrest may require payment within shorter time frames, (e.g. in times of increased market volatility) and payment will need to be made within these time frames in order to meet margin requirements. We will make all reasonable attempts to contact Clients by their preferred method of communication. Fidelcrest is under no obligation to contact Clients. Where the market moves quickly or open positions are moving, we reserve the right to close out such positions under this Agreement without making any margin demand or any contact with the Client. Failure to meet margin call requirements may mean that we limit or close out positions in accordance with the terms of this Agreement. It is the Client’s sole responsibility, 24 hours a day, to monitor their own positions and maintain the required margin. Any reduction in the application of Limited Hours trading means that open positions will be marked to market after close of trading and Client margin requirements will vary accordingly. If Clients do not wish to accept this additional risk, any affected Contracts may be closed out at any time after notice of such reduction has been given.
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Liability for margin calls. The Client is responsible for payment of margin calls, deposits and other security as requested by MTC and the following is drawn to Client’s attention: • Liability to pay an initial margin accrues at the time the trade or deal is executed regardless of when a call is made. Liability to pay a variation margin accrues at the time the margin comes into existence, regardless of when a call is made. • Client liability is the total of all margin calculation provisions. • Should MTC make a margin call the Client is required to deposit funds into their account within 24 hours or the Account will be taken to be in default. In some circumstances, MTC may require payment within shorter time frames, (eg in times of increased market volatility) and payment will need to be made within these time frames in order to meet margin requirements. • We may make attempts to contact Clients by their preferred method of communication. MTC are under no obligation to contact Clients. Where the market moves quickly or open positions are moving, we reserve the right to close out such positions under this Agreement without making any margin demand or any contact with the Client. Failure to meet margin call requirements may mean that we limit or close out positions in accordance with the terms of this Agreement. It is the Client’s sole responsibility, 24 hours a day, to monitor their own positions and maintain the required margin. • A margin call is triggered when your Net Asset Value reaches a certain point of your available margin. However, a margin call at the defined price is not always guaranteed. In an extremely fast moving market or an intervention/black swan event, quotes coming in from liquidity providers may be too steep or rapid for MTCs platform or aggregator to execute the closing of your trade(s) at the proposed margin call levels. This margin slippage may create a negative balance in your account. • Mt.Xxxx uses an automated transaction monitoring and risk-management system to prevent a client's balance from falling below the level of their initial deposit. Our margin call and stop out policies in fact prevent this prior to happening and can be found on our trading terms and conditions page on the xxx.xxxxxxxxxxxxxxx.xxx website. In rare instances and black swan events however, it may be possible for an account to run negative and breach margin call software metrics. As such and in the event of this rare occurrence, it may be possible that you owe money to Mt.Xxxx due to...
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Liability for margin calls. 7.1 Liability to pay margin accrues at the time Spot Contract is executed regardless of when a call is made.
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Related to Liability for margin calls

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  • Liability for Taxes (i) Parent ----------- ------------------- shall be liable for and pay, and pursuant to Article XI shall indemnify and hold ---------- harmless each Buyer Group Member from and against any and all Losses and Expenses incurred by such Buyer Group Member in connection with or arising from, any and all Taxes (A) imposed on any Company pursuant to Treas. Reg. (S) 1.1502- 6 or similar provision of state or local law solely as a result of such Company having been a member of a group of corporations joining in filing Tax Returns on a consolidated, combined or unitary basis, (B) imposed on or with respect to any Company, for which any Company may otherwise be liable, or with respect to the HEA Membership Interests or the SMMSLP LP Interests, in each case described in this clause (B) for any taxable year or period that ends on or before the Closing Date and, with respect to any Straddle Period, the portion of such Straddle Period ending on and including the Closing Date, (C) arising solely from the termination, as of the Closing Date, of any Company that is a corporation as a member of the affiliated group (as defined in Section 1504 of the Code) of which Parent is the parent corporation, (D) arising from the distribution of or otherwise relating to the Excluded Assets or the Excluded Business or (E) that are Section 338(h)(10) Taxes; provided, however, that -------- ------- Parent shall not be liable for or pay, and shall not indemnify or hold harmless any Buyer Group Member from and against, (I) any incremental Taxes (other than Section 338(h)(10) Taxes) that result from any actual or deemed election under Section 338 of the Code or any similar provisions of state, local or foreign law as a result of the purchase of the Shares, the HEA Membership Interests or the SMMSLP LP Interests, or the deemed purchase of shares or equity of any Conveyed Companies Subsidiary, or that result from Buyer, any Affiliate of Buyer or any Company engaging in any activity or transaction (other than the activities and transactions contemplated by this Agreement) that would cause the transactions contemplated by this Agreement to be treated as a purchase or sale of assets of any Company (other than HEA) for federal, state or local Tax purposes, (II) any Taxes (other than Section 338(h)(10) Taxes) imposed on any Company, for which any Company may otherwise be liable or with respect to the HEA Membership Interests or the SMMSLP LP Interests as a result of actual transactions not in the ordinary course of business occurring on the Closing Date after the Closing, and (III) any Taxes shown as a liability or reserve on the Closing Date Balance Sheet and not excluded as a liability in determining Net Working Capital (the Taxes described in this proviso being referred to as "Excluded Taxes"). Parent -------------- shall be entitled to any refund of (or actual credit for when and as actually realized) Taxes for which it is liable under this Section 8.2(a). --------------

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