Common use of Premium Amounts Clause in Contracts

Premium Amounts. Upon placing an Order for an Option Contract, AFEX may require, in its sole discretion, Client to pay to AFEX a Premium. Should Client fail to pay any Premium within 24 hours of AFEX’s demand, or within such other time as otherwise specified by AFEX, AFEX may, in its sole discretion, cancel the Option Contract or complete the Order. In such circumstances, Client will be liable to AFEX for any Losses but will not be entitled to any profit.

Appears in 8 contracts

Samples: Account Application and Agreement, Account Application and Agreement, Account Application and Agreement

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