Common use of Margin and Margin Maintenance Clause in Contracts

Margin and Margin Maintenance. CLAY is responsible for the collection of initial margin and all amounts necessary to meet subsequent maintenance calls in each Customer and CLAY Account to insure compliance with Regulation T and the house rules of FSWC. FSWC shall have the unlimited right to buy in or sell out positions in Accounts whenever FSWC, in its sole discretion, deems such action appropriate. FSWC may take any such action regardless of whether any such Account is then in compliance with applicable margin maintenance requirements or a request has been made for an extension of time to make any payment required by Regulation ▇. ▇▇▇▇ acknowledges that FSWC has the right to demand payment on any debit balance in any CLAY Customer Account, Proprietary Account or related CLAY Accounts; and CLAY shall be liable to FSWC for any non-receipt of such payments upon demand.