Common use of Without prejudice to the other Clause in Contracts

Without prejudice to the other. rights of BenchMark Finance under the contract, every time when the Client and BenchMark Finance have a dispute about a margin transaction or alleged margin transaction or instruction related to margin transaction, BenchMark Finance has at its own discretion and without prior notice, the right to close this margin transaction or alleged margin transaction if reasonably considers that such act is needed in order to limit the maximum amount of the dispute. BenchMark Finance is not held liable for any obligation towards the Client with regard to subsequent fluctuations in the level of the margin transaction concerned. If BenchMark Finance closes a margin transaction in accordance with this clause, this is done without prejudice to the right of the Client to open new margin transaction in accordance with the contract.

Appears in 4 contracts

Samples: Trading Agreement, Trading Agreement, Trading Agreement

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