Common use of Repayment of Funding Balance Clause in Contracts

Repayment of Funding Balance. In the event that this Agreement is terminated for any reason, or in the event that funds are maintained in Client’s Funding Balance beyond the maximum ninety (90) day period permitted above, AFEX may convert funds that are held in Client’s Funding Balance into Canadian Dollars at the then-prevailing exchange rate(s) and return such funds to Client.

Repayment of Funding Balance. In the event that this Agreement is terminated for any reason, or in the event that funds are maintained in Client’s Funding Balance beyond the maximum ninety (90) day period permitted above, AFEX may convert funds that are held in Client’s Funding Balance into Canadian United States Dollars at the then-prevailing exchange rate(s) and return such funds to Client.