LIQUIDATION LEVEL. Subject to all additional rights of the Company under the Customer Agreement, in the event that, in the opinion of the Company and in accordance with the Company’s reasonable best estimate of then prevailing obtainable market Spot Rates, and regardless of whether or not prior Margin Calls have been issued or met, if the Margin Balance should at any time equal or fall below the Required Margin for Customer’s Account in the aggregate, the Company will have the right but not the obligation to liquidate any part of or all Open Positions in Customer’s Account. Any failure by the Company to enforce its rights hereunder shall not be deemed a future waiver of such rights by the Company.
Appears in 3 contracts
Sources: Customer Agreement, Customer Agreement, Customer Agreement