Common use of Margin Calls Clause in Contracts

Margin Calls. I/We shall immediately upon demand by you provide you with such additional Margin as you may determine and require from time to time. No previous Margin requirement shall limit your right to vary Margin requirements at any later time and changes in Margin requirements (increase or decrease) will apply to existing Futures/Option Contracts as well as those entered into after the date of such changes. Any failure by me/us to meet immediately on demand any Margin calls shall entitle you to close out any or all open Futures/Option Contracts. A demand shall be deemed to have been made when you despatch a letter to such effect or a confirmation of transaction, statement or other document containing such a demand to me/us or when you attempt to contact me by phone, e-mail or any other channel for such purposes, whether or not I/we can be contacted.