Common use of Premium Amounts Clause in Contracts

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

Appears in 2 contracts

Sources: Account Application and Agreement, Account Application and Agreement