Common use of LIQUIDATION LEVEL Clause in Contracts

LIQUIDATION LEVEL. Subject to all additional rights of XXXXX.xxx under the Customer Agreement, in the event that, in the sole opinion of XXXXX.xxx and in accordance with XXXXX.xxx’s reasonable best estimate of then prevailing obtainable market Spot Rates, and regardless of whether or not prior Margin Calls have been issued or met, if the Margin Balance should at any time equal or fall below the Minimum Margin Requirement for Customer’s Account in the aggregate, XXXXX.xxx will have the right but not the obligation to liquidate any part of or all Open Positions in Customer’s Account. Clients are responsible for placing their own Stop Loss Orders to minimize losses. Any failure by XXXXX.xxx to enforce its rights hereunder shall not be deemed a future waiver of such rights by XXXXX.xxx. XXXXX.xxx does not make margin calls in the ordinary course of business. XXXXX.xxx maintains the right to liquidate Customer positions as described above. However, XXXXX.xxx may from time to time and in its sole discretion, call Customer and request that Customer deposit additional Collateral to secure Customer’s obligations to XXXXX.xxx, over and above the balance in Customer’s Account. Any call for additional margin without exercising the rights to liquidate Customer positions shall not be deemed precedent for future calls nor future waiver of such liquidation rights xxXXXXX.xxx.

LIQUIDATION LEVEL. Subject to all additional rights of XXXXX.xxx under the Customer Agreement, in the event that, in the sole opinion of XXXXX.xxx and in accordance with XXXXX.xxx’s reasonable best estimate of then prevailing obtainable market Spot Rates, and regardless of whether or not prior Margin Calls have been issued or met, if the Margin Balance should at any time equal or fall below the Minimum Margin Requirement for Customer’s Account in the aggregate, XXXXX.xxx will have the right but not the obligation to liquidate any part of or all Open Positions in Customer’s Account. Clients are responsible for placing their own Stop Loss Orders to minimize losses. Any failure by XXXXX.xxx to enforce its rights hereunder shall not be deemed a future waiver of such rights by XXXXX.xxx. XXXXX.xxx does not make margin calls in the ordinary course of business. XXXXX.xxx maintains the right to liquidate Customer positions as described above. However, XXXXX.xxx may from time to time and in its sole discretion, call Customer and request that Customer deposit additional Collateral to secure Customer’s obligations to XXXXX.xxx, over and above the balance in Customer’s Account. Any call for additional margin without exercising the rights to liquidate Customer positions shall not be deemed precedent for future calls nor future waiver of such liquidation rights xxXXXXX.xxxby XXXXX.xxx.

LIQUIDATION LEVEL. Subject to all additional rights of XXXXX.xxx Xxxxxxxxxxx.xx under the Customer Agreement, in the event that, in the sole opinion of XXXXX.xxx Xxxxxxxxxxx.xx and in accordance with XXXXX.xxxXxxxxxxxxxx.xx’s reasonable best estimate of then prevailing obtainable market Spot Rates, and regardless of whether or not prior Margin Calls have been issued or met, if the Margin Balance should at any time equal or fall below the Minimum Margin Requirement for Customer’s Account in the aggregate, XXXXX.xxx Xxxxxxxxxxx.xx will have the right but not the obligation to liquidate any part of or all Open Positions in Customer’s Account. Clients are responsible for placing their own Stop Loss Orders to minimize losses. Any failure by XXXXX.xxx Xxxxxxxxxxx.xx to enforce its rights hereunder shall not be deemed a future waiver of such rights by XXXXX.xxxXxxxxxxxxxx.xx. XXXXX.xxx Xxxxxxxxxxx.xx does not make margin calls in the ordinary course of business. XXXXX.xxx Xxxxxxxxxxx.xx maintains the right to liquidate Customer positions as described above. However, XXXXX.xxx Xxxxxxxxxxx.xx may from time to time and in its sole discretion, call Customer and request that Customer deposit additional Collateral to secure Customer’s obligations to XXXXX.xxxXxxxxxxxxxx.xx, over and above the balance in Customer’s Account. Any call for additional margin without exercising the rights to liquidate Customer positions shall not be deemed precedent for future calls nor future waiver of such liquidation rights xxXXXXX.xxxxxXxxxxxxxxxx.xx.

LIQUIDATION LEVEL. Subject to all additional rights of XXXXX.xxx under the Customer Agreement, in the event that, in the sole opinion of XXXXX.xxx and in accordance with XXXXX.xxx’s reasonable best estimate of then prevailing obtainable market Spot RatesPrices, and regardless of whether or not prior Margin Calls have been issued or met, if the Margin Account Balance should at any time equal or fall below the Minimum Margin Requirement for Customer’s Account in the aggregate, XXXXX.xxx will have the right but not the obligation to liquidate any part of or all Open Positions open positions in Customer’s Account. Clients are Customer is responsible for placing their its own Stop Loss Orders to minimize losseslosses if deemed appropriate. Any failure by XXXXX.xxx to enforce its rights hereunder shall not be deemed a future waiver of such rights by XXXXX.xxx. XXXXX.xxx does not make margin calls in the ordinary course of business. XXXXX.xxx maintains the right to liquidate Customer positions as described above. However, XXXXX.xxx may from time to time and in its sole discretion, call Customer and request that Customer deposit additional Collateral to secure Customer’s obligations to XXXXX.xxx, over and above the balance in Customer’s Account. Any call for additional margin without exercising the rights to liquidate Customer positions shall not be deemed precedent for future calls nor future waiver of such liquidation rights xxXXXXX.xxxby XXXXX.xxx.