Common use of FORCED LIQUIDATION Clause in Contracts

FORCED LIQUIDATION. 6.9.1 The Client is required to maintain sufficient level of Margin Deposit in its Client Account at all times. ▇▇ ▇▇▇▇▇▇ reserves its full rights to close out all Open Positions: (a) if at any time the Margin Deposit held by ▇▇ ▇▇▇▇▇▇ is approaching or is no longer sufficient to cover the negative mark to market value of any or all Open Positions that the Client has opened with ▇▇ ▇▇▇▇▇▇; or (b) if at any time the pre-agreed Credit Limit assigned to the client by ▇▇ ▇▇▇▇▇▇ is no longer sufficient to cover the negative mark to market value of any or all Open Positions that the Client has open with ▇▇ ▇▇▇▇▇▇. 6.9.2 ▇▇ ▇▇▇▇▇▇ shall have the right, at its sole discretion, to determine the mark to market value from time to time. 6.9.3 In addition to other remedies available to ▇▇ ▇▇▇▇▇▇, if the Client fails to pay an amount when due under this Agreement, ▇▇ ▇▇▇▇▇▇ has the right to terminate (by either buying or selling) any or all of the Clients Open Positions.