Common use of Return of Variation Margin Clause in Contracts

Return of Variation Margin. If the unrealized loss of all open Orders with Cambridge by Client falls below the Variation Margin requirements established elsewhere in this Agreement, based on Cambridge’s computation on any Business Day, then Client may request that Cambridge return to it the difference between the unrealized loss of all open Orders and the Variation Margin held by Cambridge on that Business Day. Any such request must be made, in writing, before 12 p.m., Cambridge Local Time, on the same Business Day, and Cambridge will then process the request on the Business Day on which it was made and the surplus Variation ▇▇▇▇▇▇ will be returned in a timely manner. Any request made after 12 p.m., Cambridge Local Time, will be processed by Cambridge the following Business Day and the surplus Variation Margin will be returned to Client in a timely manner.

Return of Variation Margin. If the unrealized loss of all open Orders with Cambridge by Client falls below the Variation Margin requirements established elsewhere in this Agreement, based on Cambridge’s computation on any Business Day, then Client may request that Cambridge return to it the difference between the unrealized loss of all open Orders and the Variation Margin held by Cambridge on that Business Day. Any such request must be made, in writing, before 12 p.m., Cambridge Local Time, on the same Business Day, and Cambridge will then 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 12 p.m., Cambridge Local Time, will be processed by Cambridge the following Business Day and the surplus Variation Margin will be returned to Client in a timely manner.