Common use of Right to call for funds / security Clause in Contracts

Right to call for funds / security. MTC may call for payment of money or the provision of other security which MTC considers, in its absolute discretion, appropriate in connection with the obligations incurred by it in respect of Contracts entered into for a Client’s account. Time is of the essence and the Client must pay any amount called or provide security within 24 hours of the call for payment or, within 48 hours unless an alternative time period is stipulated in this Agreement. However, MTC reserves the right to close out client positions where there is insufficient equity held in the account.