Common use of Failure to pay Margin Clause in Contracts

Failure to pay Margin. Failure by the Client to meet a call for margin may give rise to default action being taken by the Broker Member under Section 10 (or by the DGCX or DCCC or the Clearing Member) which may include the closing out of all or some of the Client's open positions.

Appears in 7 contracts

Sources: Member Client Agreement, Member Client Agreement, Member Client Agreement

Failure to pay Margin. Failure by the Client to meet a call for margin may give rise to default action being taken by the Broker Member under Section 10 (or by the DGCX or DCCC or the Clearing Member) which may include the closing out of all or some of the Client's ’s open positions.

Appears in 3 contracts

Sources: Client Agreement, Client Registration Agreement, General Terms and Conditions for Brokerage Account

Failure to pay Margin. Failure by the Client to meet a call for margin may give rise to default action being taken by the Broker Member under Section 10 (or by the DGCX or DCCC or the Clearing Member) which may include the closing out of all or some of the Client's open positions.

Appears in 1 contract

Sources: Client Agreement