Common use of Return of Variation Margin Clause in Contracts

Return of Variation Margin. If the unrealised loss of all open Forward Contracts with Corpay by Client falls below the Variation Margin requirements established elsewhere in this Agreement, based on Corpay’s computation on any Business Day, then Client may request that Corpay return to it the difference between the amount(s) held and the Variation Margin required to be held by AMEL on that Business Day. Any such request must be made, in writing, before 12.00, Corpay Local Time, on the same Business Day, and Corpay will process the request on the Business Day on which it was made and the surplus Variation Margin will be returned in a timely manner. Any request made after