Common use of LIQUIDATION OF ACCOUNTS AND PAYMENT OF DEFICIT BALANCES Clause in Contracts

LIQUIDATION OF ACCOUNTS AND PAYMENT OF DEFICIT BALANCES. 13.1 In the event of (a) the death or judicial declaration of incompetence of Customer; (b) the filing of a petition in bankruptcy, or a petition for the appointment of a receiver, or the institution of any insolvency or similar proceeding by or against Customer; (c) the filing of an attachment against any of Customer’s accounts carried by Company, (d) insufficient margin, or Company’s determination that any collateral deposited to protect one or more accounts of Customer is inadequate, regardless of current market quotations, to secure the account; (e) Customer’s failure to provide us with any information requested pursuant to this agreement or any applicable law; or (f) any abuse of trading practices, manipulations and/or fraud by Customer or any other person authorized to use the account; or (g) any other circumstances or developments that we deem appropriate for its protection, and in Company’s sole discretion, it may take one or more, or any portion of, the following actions: • Satisfy any obligation Customer may have to us, either directly or by way of guaranty of suretyship, out of any of Customer’s funds or property in Company’s custody or control; • Sell any or purchase any or all Currency contracts, securities held or carried for Customer; and • Cancel any or all outstanding orders or contracts, or any other commitments made on behalf of Customer.

LIQUIDATION OF ACCOUNTS AND PAYMENT OF DEFICIT BALANCES. 13.1 In the event of (a) the death or judicial declaration of incompetence of Customer; (b) the filing of a petition in bankruptcy, or a petition for the appointment of a receiver, or the institution of any insolvency or similar proceeding by or against Customer; (c) the filing of an attachment against any of Customer’s accounts carried by CompanyAstraFX, (d) insufficient margin, or CompanyAstraFX’s determination that any collateral deposited to protect one or more accounts of Customer is inadequate, regardless of current market quotations, to secure the account; (e) Customer’s failure to provide us with any information requested pursuant to this agreement or any applicable law; or (f) any abuse of trading practices, manipulations and/or fraud by Customer or any other person authorized to use the account; or (g) any other circumstances or developments that we deem appropriate for its protection, and in CompanyAstraFX’s sole discretion, it may take one or more, or any portion of, the following actions: • (i) Satisfy any obligation Customer may have to us, either directly or by way of guaranty of suretyship, out of any of Customer’s funds or property in CompanyAstraFX’s custody or control; • (ii) Sell any or purchase any or all Currency contracts, securities held or carried for Customer; and • (iii) Cancel any or all outstanding orders or contracts, or any other commitments made on behalf of Customer.

LIQUIDATION OF ACCOUNTS AND PAYMENT OF DEFICIT BALANCES. 13.1 In the event of (a) the death or judicial declaration of incompetence of Customer; (b) the filing of a petition in bankruptcy, or a petition for the appointment of a receiver, or the institution of any insolvency or similar proceeding by or against Customer; (c) the filing of an attachment against any of Customer’s accounts carried by Company, (d) insufficient margin, or Company’s determination that any collateral deposited to protect one or more accounts of Customer is inadequate, regardless of current market quotations, to secure the account; (e) Customer’s failure to provide us with any information requested pursuant to this agreement or any applicable law; or (f) fJ any abuse of trading practices, manipulations and/or fraud by Customer or any other person authorized to use the account; or (g) any other circumstances or developments that we deem appropriate for its protection, and in Company’s sole discretion, it may take one or more, or any portion of, the following actions: • Satisfy any obligation Customer may have to us, either directly or by way of guaranty of suretyship, out of any of Customer’s funds or property in Company’s custody or control; • Sell any or purchase any or all Currency contracts, securities held or carried for Customer; and • Cancel any or all outstanding orders or contracts, or any other commitments made on behalf of Customer.;