Common use of Obligation to Maintain Margin Clause in Contracts

Obligation to Maintain Margin. You will maintain such margin and pay any debit balance owing in any of your Accounts as the Firm may in its absolute discretion require from time to time. Required margin for transactions must be available in your Account at the time of the trade. If you do not meet the Firm’s margin calls promptly, the Firm can and without notice to you: ● take any step necessary to protect the Firm’s interest in connection with put and/or call Option Transactions made for your Account, including the right to buy or sell for your Account and risk any part or all of the shares represented by Options made by us for your Account, or ● buy for your Account and risk any put and/or call Options as we may deem necessary to fully protect us. You also agree that all expenses incurred by the Firm to protect its interests will be paid by you. If the Firm considers it advisable for its protection (without the necessity of a margin call) the Firm may, without prior demand, tender and without any notice of the time or place of sale, all of which are expressly waived by you, sell any or all securities or contracts relating thereto which may be in the Firm’s possession. Such sale may be made at the Firm’s discretion on any exchange or other market where such business is then transacted, or at public sale or private sale, with or without advertising. No demands, calls, tenders or notices which the Firm may make or give in any one or more instances, nor prior course of conduct or dealings between us, will invalidate these waivers on your part.

Obligation to Maintain Margin. You will maintain such margin and pay any debit balance owing in any of your Accounts as the Firm may in its absolute discretion require from time to time. Required margin for transactions must be available in your Account at the time of the trade. If you do not meet the Firm’s margin calls promptly, the Firm can and without notice to you: ● take any step necessary to protect the Firm’s interest in connection with put and/or call Option Transactions made for your Account, including the right to buy or sell for your Account and risk any part or all of the shares represented by Options made by us for your Account, or ● buy for your Account and risk any put and/or call Options as we may deem necessary to fully protect us. You also agree that all expenses incurred by the Firm to protect its interests will be paid by you. If the Firm considers it advisable for its protection (without the necessity of a margin call) the Firm may, without prior demand, tender and without any notice of the time or place of sale, all of which are expressly waived by you, sell any or all securities or contracts relating thereto which may be in the Firm’s possession. Such sale may be made at the Firm’s discretion on any exchange or other market where such business is then transacted, or at public sale or private sale, with or without advertising. No demands, calls, tenders or notices which the Firm may make or give in any one or more instances, nor prior course of conduct or dealings between us, will invalidate these waivers on your part.

Obligation to Maintain Margin. You will maintain such margin and pay any debit balance owing in any of your Accounts accounts, as the Firm we may in its our absolute discretion require from time to time. Required margin for transactions must be available in your Account at the time of the trade. If you do not meet the Firm’s our margin calls promptly, the Firm we can and without notice to you: ● take any step necessary to protect the Firm’s interest in connection with put and/or call Option Transactions made for your Account, including the right to buy or sell for your Account and risk any part or all of the shares represented by Options made by us for your Account, or ● buy for your Account and risk any put and/or call Options as we may deem necessary to fully protect us. You also agree that all expenses incurred by the Firm to protect its interests will be paid by you. If the Firm considers it advisable for its protection : (without the necessity of a margin calla) the Firm may, without prior demand, tender and without any notice of the time or place of sale, all of which are expressly waived by you, sell any or all securities or contracts relating thereto which may be in our possession, or which we may be carrying for you, or (b) buy any securities or contracts relating thereto of which your account may be short, in order to close out in full or in part any commitment on your behalf, or (c) place stop orders with respect to such securities . If you are short any security or hold a security that creates a short position, you are liable to us for all consequences and expenses resulting from that position, including the Firm’s possessionexpenses incurred by us and by third parties for which we are responsible to buy in the security or to exercise any corporate action election . Any cash resulting from a short sale (as well as additional cash, as the value changes) may be segregated at our discretion from the cash balance in accounts for securities held long . Such sale or purchase may be made at the Firm’s our discretion on any exchange or other market where such business is then transacted, or at public sale or private sale, with or without advertisingadvertising . No Any demands, calls, tenders or notices which the Firm we may make or give in any one or more instances, nor prior course of conduct or dealings between us, will invalidate these waivers on your partpart .