Termination of an Option Contract or Forward Contract. In the event of a Termination Event, AFEX may, without notice, immediately terminate the relevant Option Contract or Forward Contract and/or any other outstanding Option Contract or 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
Termination of an Option Contract or Forward Contract. In the event of a Termination Event, AFEX may, without notice, immediately terminate the relevant Option Contract or Forward Contract and/ or any other outstanding Option Contract or 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 Each time the net market value of all of Client’s open Orders declines and the unrealised loss when marked to market further increases, AFEX may issue a Margin Call whereby Client is required to post additional Variation Margin in the amount stated in the Margin Call within one (1) clear Business Day. Payment of Variation Margin is due on or before the close of business on the next Business Day after the day AFEX issues Margin Call to Client.
