Common use of Termination of a Forward Contract Clause in Contracts

Termination of a Forward Contract. In the event of a Termination Event, AFEX may, on notice to Client, immediately terminate the relevant Forward Contract and/or any other outstanding Forward Contract agreed to between the Parties without any liability to AFEX or its representatives and/or take any other steps AFEX deems appropriate, including any actions contemplated in this Agreement to mitigate the potential Loss(es). In the event of such a Termination Event, Client agrees to pay to AFEX on demand within five (5) clear Business Days the amount of any and all Losses incurred by AFEX in connection with the termination and Forward Contract(s). Where a Forward Contract has been terminated, Client agrees that AFEX’s sole liability to Client is to return any amounts Client paid to AFEX that remain after deducting all amounts owed to AFEX. Client understands and agrees that Client cannot terminate or Forward Contract, except as contemplated in this clause.

Termination of a Forward Contract. In the event of a Termination Event, AFEX may, on notice to Clientwithout notice, immediately terminate the relevant Forward Contract and/or any other outstanding Forward Contract agreed to between the Parties without any liability to AFEX or its representatives and/or take any other steps AFEX deems appropriate, including any actions contemplated in this Agreement to mitigate the potential Loss(es). In the event of such a Termination Event, Client agrees to pay to AFEX on demand within five (5) clear Business Days the amount of any and all Losses incurred by AFEX in connection with the termination and Forward Contract(s). Where a Forward Contract has been terminated, Client agrees that AFEX’s sole liability to Client is to return any amounts Client paid to AFEX that remain after deducting all amounts owed to AFEX. Client understands and agrees that Client cannot terminate or Forward Contract, except as contemplated in this clause.

Termination of a Forward Contract. In the event of a Termination Event, AFEX may, on notice to Clientwithout notice, immediately terminate the relevant Forward Contract and/or any other outstanding Forward Contract agreed to between the Parties without any liability to AFEX or its representatives and/or take any other steps AFEX deems appropriate, including any actions contemplated in this Agreement to mitigate the potential Loss(es). In the event of such a Termination Event, Client agrees to pay to AFEX on demand within five (5) clear Business Days the amount of any and all Losses incurred by AFEX in connection with the termination and Forward Contract(s). Where a an Forward Contract has been terminated, Client agrees that AFEX’s sole liability to Client is to return any amounts Client paid to AFEX that remain after deducting all amounts owed to AFEX. Client understands and agrees that Client cannot terminate or Forward Contract, except as contemplated in this clause.