Common use of Margin Requirement Clause in Contracts

Margin Requirement. 4.1. As a condition of the entry into each Transaction for the Account, the Client must provide and maintain in the Account sufficient margin as determined by HYCM in its sole discretion from time to time. It is also the Client’s responsibility to ensure that each Transaction in the Account is fully margined at all times. If at any time the Account is short of margin, HYCM may either give the Client a Notice from time to time (a “Margin Call”) or close all open contracts without prior notice if in our absolute discretion the circumstances so warrant. Margin Calls will not normally be made by telephone but we reserve the right to do so.

Appears in 8 contracts

Samples: Customer Agreement, Customer Agreement, Customer Agreement

AutoNDA by SimpleDocs

Margin Requirement. 4.1. As a condition of the entry into each Transaction for the Account, the Client must provide and maintain in the Account sufficient margin as determined by HYCM in its sole discretion from time to time. It is also the Client’s responsibility to ensure that each Transaction in the Account is fully margined at all times. If at any time the Account is short of margin, HYCM may either give the Client a Notice from time to time (a “Margin Call”) or close all open contracts without prior notice if in our absolute discretion discretion, the circumstances so warrant. Margin Calls will not normally be made by telephone but we reserve the right to do so.

Appears in 2 contracts

Samples: Customer Agreement, Customer Agreement

AutoNDA by SimpleDocs

Margin Requirement. 4.1. As a condition of the entry into each Transaction for the Account, the Client must provide and maintain in the Account sufficient margin as determined by HYCM in its sole discretion from time to time. It is also the Client’s responsibility to ensure that each Transaction in the Account is fully margined at all times. If at any time the Account is short of margin, HYCM may either give the Client a Notice from time to time (a “Margin Call”) or close all open contracts without prior notice if in our absolute discretion the circumstances so warrant. Margin Calls will not normally be made by telephone telephone, but we reserve the right to do so.

Appears in 1 contract

Samples: Customer Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.