Common use of Right of OANDA to Initiate Close Out Orders Clause in Contracts

Right of OANDA to Initiate Close Out Orders. OANDA may, without notice to you, unilaterally initiate and execute one or more Close Out Orders for some or all of your Open Positions, in the event that the value of the assets in your Account is determined by fxTrade to be less than the Margin Requirement.

Right of OANDA to Initiate Close Out Orders. OANDA may, without notice to you, unilaterally initiate and execute one or more Close Out Orders for some or all of your Open Positions, in the event that the value of the assets in your Account is determined by fxTrade to be less than the Margin RequirementRequirement or for any other reason in OANDA’s sole discretion.

Right of OANDA to Initiate Close Out Orders. OANDA may, without notice to you, unilaterally initiate and execute one or more Close Out Orders for some or all of your Open Positions, in the event that the value of the assets in your Account is determined by fxTrade the OANDA Trading System to be less than the Margin RequirementRequirement or for any other reason in OANDA’s sole discretion.