Common use of Margins Clause in Contracts

Margins. Client agrees at all times to maintain such margin in the Account as X.X. X’Xxxxx may from time to time (at its sole discretion) require, and will meet all margin calls in a reasonable amount of time. Client agrees that, if requested to do so, Client will promptly wire-transfer such funds upon demand by X.X. X’Xxxxx. Market conditions permitting, X.X. X’Xxxxx agrees to make reasonable efforts to notify Client of margin calls and/or deficiencies. Such notice may be made orally, by electronic notice or through notation of a margin deficit or otherwise on daily confirmation statements. Client will be allowed a reasonable period of time to provide funds. FOR PURPOSES OF THIS AGREEMENT, A REASONABLE AMOUNT OF TIME SHALL BE DEEMED TO BE ONE (1) HOUR, OR LESS THAN ONE (1) HOUR IF, IN X.X. X’XXXXX’X BUSINESS JUDGMENT, MARKET CONDITIONS WARRANT. Client further agrees that, notwithstanding anything in this Agreement to the contrary, in the event that the Account is under margined, has zero equity or is equity deficit at any time, or in the event that X.X. X’Xxxxx is unable to contact Client due to Client’s unavailability or due to a breakdown in electronic communications, X.X. X’Xxxxx shall have the right to spread or liquidate all or any part of Client’s positions through any means available without prior notice to Client. Client acknowledges that X.X. X’Xxxxx has no obligation to establish uniform margin requirements among products or clients that margins required by X.X. X’Xxxxx may exceed the minimum margin requirements of the applicable exchange or clearinghouse, and that margin requirements may be increased or decreased from time to time in X.X. X’Xxxxx’x discretion without advance notice to Client.