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. JDX reserves its full rights to close out all Open Positions: (a) if at any time the Margin Deposit held by JDX 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 JDX; or (b) if at any time the pre-agreed Credit Limit assigned to the client by JDX is no longer sufficient to cover the negative mark to market value of any or all Open Positions that the Client has open with JDX. 6.9.2 JDX 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 JDX, if the Client fails to pay an amount when due under this Agreement, JDX has the right to terminate (by either buying or selling) any or all of the Clients Open Positions.

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