Closing Out Transactions. We may refuse to perform a Transaction, or we may Close Out a Transaction or all current Transactions that you have with us, without notice to you: (i) if you fail to make any payment when it is due, including the payment of any Advance Payment that has been requested by us; (ii) if you fail to provide any material information we have requested or any information you have given us is or becomes, in our opinion, materially inaccurate or misleading; (iii) in the event of your death or loss of mental capacity; (iv) if bankruptcy proceedings are commenced against you; (v) if the performance of our obligations under this Agreement become illegal; (vi) if a serious dispute has arisen between us; or (vii) if you breach an important term of this Agreement or of any Transaction. When we Close Out any or all the Transactions that you have entered into, we buy back the currency that we have bought for you when you entered into the Transaction at prevailing market rates chosen by us in good faith. If the value of the currency you have asked us to exchange has strengthened, a loss will be incurred on the Transaction and you will be liable to pay us the amount of that loss, together with any expenses, premiums, commissions or other fees incurred by us. We will not pay you any profit arising from closing out a Transaction in any circumstances.
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