Common use of WHAT CONSTITUTES AN EVENT OF DEFAULT Clause in Contracts

WHAT CONSTITUTES AN EVENT OF DEFAULT. Any of the following events constitutes Events of Default, which upon their occurrence give us the right to take action in accordance with clause 15.2: a. an Insolvency Event occurs in relation to you; b. you are an individual and you die or become of unsound mind; c. you fail to provide any Margin or other sum due under this Client Agreement in respect of any Positions, or the Margin held by us in respect of any open Positions falls below our Margin Requirements subject to the Negative Balance Protection; d. you are in breach of any obligation, warranty or representation made under this Client Agreement and/or any information provided to us in connection with this Client Agreement is or has become untrue or misleading;