Common use of FORCED LIQUIDATION Clause in Contracts

FORCED LIQUIDATION. 17.1 The Client is required to maintain a sufficient level of Deposit. ZHGreserves its rights to close out all Open Positions: (a) if at any time the Deposit held by ZHGis approaching or is no longer sufficient to coverthe negative mark to market value of any or all Open Positions that the Client has open with ZHG; or (b) if at any time the pre-agreed Credit Limit assigned to the Client by ZHG is no longer sufficient to cover the negative mark to market value of any or all Open Positions thatthe Client has open with ZHG. 17.2 ZHGshall have the right, at our sole discretion, to determine the Mark to Market value from timeto time. 17.3 In addition to other remedies available to ZHG, if the Client fails to pay any amount when due under this Agreement, or if a Default Event occurs, ZHGhas the right to terminate (by either buying or selling) any or all of the Client’s Open Positions. 17.4 When ZHG accepts payment of a Margin Call the Client immediately receives Reciprocal Obligations under the Trade Contract Terms. Margin Call payments purchase that Reciprocal Obligation and are not “client money”.

FORCED LIQUIDATION. 17.1 The Client is required to maintain a sufficient level of Deposit. ZHGreserves HoldingFx reserves its rights to close out all Open Positions: (a) if at any time the Deposit held by ZHGis HoldingFx is approaching or is no longer sufficient to coverthe cover the negative mark to market value of any or all Open Positions that the Client has open with ZHGHoldingFx; or (b) if at any time the pre-agreed Credit Limit assigned to the Client by ZHG HoldingFx is no longer sufficient to cover the negative mark to market value of any or all Open Positions thatthe that the Client has open with ZHGHoldingFx. 17.2 ZHGshall HoldingFx shall have the right, at our sole discretion, to determine the Mark to Market value from timeto time to time. 17.3 In addition to other remedies available to ZHGHoldingFx, if the Client fails to pay any amount when due under this Agreement, or if a Default Event occurs, ZHGhas HoldingFx has the right to terminate (by either buying or selling) any or all of the Client’s Open Positions. 17.4 When ZHG HoldingFx accepts payment of a Margin Call the Client immediately receives Reciprocal Obligations under the Trade Contract Terms. Margin Call payments purchase that Reciprocal Obligation and are not “client money”.