Premium Amounts. Upon placing an Order for an Option Contract, Cambridge may require, in its sole discretion, Client to pay to Cambridge a Premium. Should Client fail to pay any Premium within 24 hours of Cambridge’s demand, or within such other time as otherwise specified by Cambridge, Cambridge may, in its sole discretion, cancel the Option Contract or complete the Order. In such circumstances, Client will be liable to Cambridge for any Losses but will not be entitled to any profit.
Appears in 2 contracts
Sources: Business Account Application and Agreement, Business Account Application and Agreement