Common use of Margin Call Clause in Contracts

Margin Call. All amounts (including Margin) payable by the Client in connection with this Agreement shall be due on demand and in the currency of GTJAF's choice subject only to any restrictions which may be imposed by the relevant exchange and/or clearing house on which the relevant Derivatives transactions were executed. Demands for Margin must be met within twelve (12) hours or such other time limit as GTJAF may in its absolute discretion determine to be necessary and notify to the Client. Without prejudice to the provisions of Clause 14, failure to meet margin calls may result in GTJAF being entitled or obliged by the rules or regulations of the relevant exchange and/or clearing house to close out the Derivatives contracts held on behalf of the Client in respect of which any Margin calls are not met within the period specified by GTJAF or at the time of making such call(s), and/or to notify the relevant exchange, clearing house or broker particulars of such contracts.

Margin Call. All amounts (including Margin) payable by the Client in connection with this Agreement shall be due on demand and in the currency of GTJAF's choice subject only to any restrictions which may be imposed by the relevant exchange and/or clearing house on which the relevant Derivatives transactions were executed. Demands for Margin must be met within twelve (12) hours or such other time limit as GTJAF may in its absolute discretion determine to be necessary and notify to the Client. Without prejudice to the provisions of Clause 14, failure to meet margin calls may result in GTJAF being entitled or obliged by the rules or regulations of the relevant exchange and/or clearing house to close out the Derivatives contracts held on behalf of the Client in respect of which any Margin Xxxxxx calls are not met within the period specified by GTJAF or at the time of making such call(s), and/or to notify the relevant exchange, clearing house or broker particulars of such contracts.