Common use of PAYMENT WITHHELD Clause in Contracts

PAYMENT WITHHELD. If the statement of your Account shows a credit balance, you may request EXANTE to return available Client’s Money and/or, EXANTE may agree (at its discretion) to transfer Client’s Assets to the Client or such third party appointed by the Client to hold the relevant assets on Client’s behalf. However, EXANTE may at its discretion elect to withhold (or if applicable, deduct) any payment requested (in whole or in part) due to you if: 8.8.1. open Margined Transactions on the Account show notional losses; 8.8.2. EXANTE reasonably considers that additional funds may be required to meet any current or future Margin requirement on open Margined Transactions due to underlying market conditions; 8.8.3. you have any actual or contingent liability to EXANTE under this Agreement; and/or 8.8.4. EXANTE reasonably determines that there is an unresolved dispute between you and EXANTE in connection with this Agreement.

PAYMENT WITHHELD. If the statement of your Account shows a credit balance, you may request EXANTE XNT to return available Client’s Clients’ Money and/or, EXANTE XNT may agree (at its discretion) to transfer Client’s Clients’ Assets to the Client or such third party appointed by the Client to hold the relevant assets on Client’s behalf. However, EXANTE XNT may at its discretion elect to withhold (or if applicable, deduct) any payment requested (in whole or in part) due to you if: 8.8.1. open Margined Transactions on the Account show notional losses; 8.8.2. EXANTE XNT reasonably considers that additional funds may be required to meet any current or future Margin requirement on open Margined Transactions due to underlying market conditions; 8.8.3. you have any actual or contingent liability to EXANTE XNT under this Agreement; and/or 8.8.4. EXANTE XNT reasonably determines that there is an unresolved dispute between you and EXANTE XNT in connection with this Agreement.

PAYMENT WITHHELD. If the statement of your Account shows a credit balance, you may request EXANTE EXT to return available Client’s Money and/or, EXANTE EXT may agree (at its discretion) to transfer Client’s Assets to the Client or such third party appointed by the Client to hold the relevant assets on Client’s behalf. However, EXANTE EXT may at its discretion elect to withhold (or if applicable, deduct) any payment requested (in whole or in part) due to you if: 8.8.1. open Margined Transactions on the Account show notional losses; 8.8.2. EXANTE EXT reasonably considers that additional funds may be required to meet any current or future Margin requirement on open Margined Transactions due to underlying market conditions; 8.8.3. you have any actual or contingent liability to EXANTE EXT under this Agreement; and/or 8.8.4. EXANTE EXT reasonably determines that there is an unresolved dispute between you and EXANTE EXT in connection with this Agreement.

PAYMENT WITHHELD. If the statement of your Account shows a credit balance, you may request EXANTE XHK to return available Client’s Clients’ Money and/or, EXANTE XHK may agree (at its discretion) to transfer Client’s Clients’ Assets to the Client or such third party appointed by the Client to hold the relevant assets on Client’s behalf. However, EXANTE XHK may at its discretion elect to withhold (or if applicable, deduct) any payment requested (in whole or in part) due to you if: 8.8.1. open Margined Transactions on the Account show notional losses; 8.8.2. EXANTE XHK reasonably considers that additional funds may be required to meet any current or future Margin requirement on open Margined Transactions due to underlying market conditions; 8.8.3. you have any actual or contingent liability to EXANTE XHK under this Agreement; and/or 8.8.4. EXANTE XHK reasonably determines that there is an unresolved dispute between you and EXANTE XHK in connection with this Agreement.