Common use of Rescue Level Clause in Contracts

Rescue Level. 12.1. Rescue Level only applies on PAMM Manager Accounts with a Minimum Deposit Amount requirement of 1000 USD or more. 12.2. Rescue Level is the percentage of Equity that an investor can keep secured in case of loss on the Investor Account. As the equity drops to the specified Rescue Level, all open trades relative to the Investor Account are closed and participation in the Manager Account is terminated. 12.3. In the case of full stop out of the PAMM Manager Account, no Rescue Level will be triggered. The Company is not liable in case no Rescue Level is triggered during the full stop out on the PAMM Manager Account. 12.4. Due to high volatility Rescue Level can be triggered below or above expected amount. The Company is not liable for the difference between expected rescue amount and actual rescued amount in case of volatile market conditions.

Appears in 3 contracts

Sources: Pamm Account Agreement, Pamm Account Agreement, Pamm Account Agreement

Rescue Level. 12.113.1. Rescue Level only applies on PAMM Manager Accounts with a Minimum Deposit Amount requirement of 1000 USD or more. 12.213.2. Rescue Level is the percentage of Equity that an investor can keep secured in case of loss on the Investor Account. As the equity drops to the specified Rescue Level, all open trades relative to the Investor Account are closed and participation in the Manager Account is terminated. 12.313.3. Rescue Level may be adjusted during deposit/withdrawal to/from investment account and can be set to a maximum of 20% of the deposit amount/balance. 13.4. In the case of full stop out of the PAMM Manager Account, no Rescue Level will be triggered. The Company is not liable in case no Rescue Level is triggered during the full stop out on the PAMM Manager Account. 12.413.5. Due to high volatility Rescue Level can be triggered below or above expected amount. The Company is not liable for the difference between expected rescue amount and actual rescued amount in case of volatile market conditions. 13.6. Investors can only readjust the Rescue Level during re-deposits, or withdrawals.

Appears in 1 contract

Sources: Pamm Account Agreement