Forced Close definition

Forced Close or “Forced Closure” “Force Close” or “Force Closure” means for us to close any and all of your open Transactions, whether at a loss or a profit, at a closing price based on the then prevailing quotations or prices offered on the Trading Platform or, if none, at such levels as we consider fair and reasonable.
Sample 1Sample 2
Forced Close or “Forced Closure”
Sample 1

Examples of Forced Close in a sentence

  • If the Client does not provide the required margin within the time set out in the agreement or the regulation, the derivative agent is entitled to close out the Client’s position, and the Client will be liable for any resulting loss from such Forced Close Position.

  • The derivatives agent may also include Forced Close Position as an additional term in a Contract Appointing Derivatives Brokerage or its trading regulation that is when the Client’s balance in its margin account drops to the Forced Close Level, the derivatives agent will call the Client to deposit additional margin during trading hours.

  • Forced Close Margin In the event the value of Xxxxxxxx’s Margin decreases to equal to or lower than the FM - Borrower has the duty to deposit, before 9.45 AM of the following business day (T+1), a Call Margin until the Margin rate becomes higher than the FM level.

  • If the aggregated value or rate of Client's Margin is lower than the Forced Close Level, the Client agreed and authorized the Company to close out all or part of Client's Derivatives during the Business Day without having to notify the Client in advance.

  • For the Forced Close, clients have right to close any series otherwise, the Company would select the force closed criteria which based on either the worst loss or the largest number of contracts.

Related to Forced Close

  • Put Closing Date shall have the meaning set forth in Section 2.3.8.

  • Put Closing shall have the meaning set forth in Section 2.3.8.

  • Scheduled Closing Time means, in respect of an Exchange or Related Exchange and a Scheduled Trading Day, the scheduled weekday closing time of such Exchange or Related Exchange on such Scheduled Trading Day, without regard to after hours or any other trading outside of the regular trading session hours.

  • Forced Conversion Date shall have the meaning set forth in Section 6(d).

  • Scheduled Closing Date Has the meaning specified in the Note Purchase Agreement.

  • Third Closing Date has the meaning set forth in Section 2.2(c).

  • Third Closing shall have the meaning ascribed to such term in Section 2.1(c).

  • Forced Conversion has the meaning set forth in Section 4.05(c) hereof.

  • Forced Conversion Notice Date shall have the meaning set forth in Section 6(d).

  • Second Closing Date means the date of the Second Closing.

  • Pre-Closing Periods means any taxable period ending on or before the Closing Date.

  • Second Closing has the meaning set forth in Section 2.2.

  • Post-Closing Period means any taxable period or portion thereof beginning after the Closing Date. If a taxable period begins on or before the Closing Date and ends after the Closing Date, then the portion of the taxable period that begins on the day following the Closing Date shall constitute a Post-Closing Period.

  • Subsequent Closing Date means, with respect to each Subsequent Closing, the date on which such Subsequent Closing is deemed to have occurred.

  • Failed Remarketing Condition—Purchased VRDP Shares Redemption means redemption by the Fund, at a Redemption Price equal to $100,000 per share plus accumulated but unpaid dividends thereon (whether or not earned or declared) to, but excluding, the date fixed by the Board of Directors for redemption, of VRDP Shares that the Liquidity Provider shall have acquired pursuant to the Purchase Obligation and continued to be the beneficial owner of for federal income tax purposes for a period of six months during which such VRDP Shares cannot be successfully remarketed (i.e., a Failed Remarketing Condition--Purchased VRDP Shares shall have occurred and be continuing for such period of time with respect to such VRDP Shares), determined by the Fund on a first-in, first-out basis, in accordance with and subject to the provisions of the VRDP Fee Agreement and this Statement.

  • Pre-Closing Period means any Tax period ending on or before the Closing Date.

  • Offer Closing Date has the meaning set forth in Section 1.01(f).

  • Applicable Closing Date Has the meaning specified in Section 5.01(b) of this Trust Supplement.

  • Final Closing Date shall have the meaning specified in Section 7.2(a) hereof.

  • First Closing has the meaning set forth in Section 2.1(a).

  • First Closing Date shall refer to the time and date of delivery of certificates for the Firm Shares and such Optional Shares). Any such time and date of delivery, if subsequent to the First Closing Date, is called an “Option Closing Date,” shall be determined by the Representatives and shall not be earlier than three or later than five full business days after delivery of such notice of exercise. If any Optional Shares are to be purchased, each Underwriter agrees, severally and not jointly, to purchase the number of Optional Shares (subject to such adjustments to eliminate fractional shares as the Representatives may determine) that bears the same proportion to the total number of Optional Shares to be purchased as the number of Firm Shares set forth on Schedule A opposite the name of such Underwriter bears to the total number of Firm Shares. The Representatives may cancel the option at any time prior to its expiration by giving written notice of such cancellation to the Company.

  • Subsequent Closing shall have the meaning ascribed to such term in Section 2.4.

  • Forced Conversion Amount means the sum of (a) 100% of the aggregate Stated Value then outstanding, (b) accrued but unpaid dividends and (c) all liquidated damages and other amounts due in respect of the Preferred Stock.

  • Target Closing Date means three (3) Business Days following receipt of the Approval and Vesting Order, or such other date as the Parties may agree.

  • Initial Closing Date shall have the meaning assigned to such term in Section 1.2 hereof.

  • Anticipated Closing Date shall have the meaning set forth in Section 1.6(a).