Common use of Return of Variation Margin Clause in Contracts

Return of Variation Margin. If the unrealised loss of all open Orders with Corpay by Client falls below the Variation Margin requirements established elsewhere in this Agreement, based on Corpay’s computation on any Business Day, then Client may request that Corpay return to it the difference between the unrealised loss of all open Orders and the Variation Margin held by Corpay on that Business Day. Any such request must be made, in writing, before 12 p.m., Corpay Local Time, on the same Business Day, and Corpay will process the request on the Business Day on which it was made, and the surplus Variation ▇▇▇▇▇▇ will be returned in a timely manner. Any request made after 12 p.m., Corpay Local Time, will be processed by Corpay the following Business Day and the surplus Variation ▇▇▇▇▇▇ will be returned to Client in a timely manner.

Return of Variation Margin. If the unrealised unrealized loss of all open Orders with Corpay by Client falls below the Variation Margin requirements established elsewhere in this Agreement, based on Corpay’s computation on any Business Day, then Client may request that Corpay return to it the difference between the unrealised unrealized loss of all open Orders and the Variation Margin held by Corpay on that Business Day. Any such request must be made, in writing, before 12 p.m., Corpay Local Time, on the same Business Day, and Corpay will then process the request on the Business Day on which it was made, made and the surplus Variation ▇▇▇▇▇▇ will be returned in a timely manner. Any request made after 12 p.m., Corpay Local Time, will be processed by Corpay the following Business Day and the surplus Variation ▇▇▇▇▇▇ will be returned to Client in a timely manner.

Return of Variation Margin. If the unrealised loss of all open Orders with Corpay by Client falls below the Variation Margin requirements established elsewhere in this Agreement, based on Corpay’s computation on any Business Day, then Client may request that Corpay return to it the difference between the unrealised loss of all open Orders and the Variation Margin held by Corpay that Client already paid to Corpay, on that Business Day. Any such request must be made, in writing, before 12 p.m., Corpay Local Time, on the same Business Day, and Corpay will process the request on the Business Day on which it was made, and the surplus Variation ▇▇▇▇▇▇ will be returned in a timely manner. Any request made after 12 p.m., Corpay Local Time, will be processed by Corpay the following Business Day and the surplus Variation ▇▇▇▇▇▇ will be returned to Client in a timely manner.

Return of Variation Margin. If the unrealised loss of all open Orders Forward Contracts with Corpay by Client falls below the Variation Margin requirements established elsewhere in this Agreement, based on Corpay’s computation on any Business Day, then Client may request that Corpay return to it the difference between the unrealised loss of all open Orders Forward Contracts and the Variation Margin held by Corpay on that Business Day. Any such request must be made, in writing, before 12 p.m.12.00, Corpay Local Time, on the same Business Day, and Corpay will process the request on the Business Day on which it was made, made and the surplus Variation ▇▇▇▇▇▇ Margin will be returned in a timely manner. Any request made after 12 p.m., 12.00 Corpay Local Time, will be processed by Corpay the following Business Day and the surplus Variation ▇▇▇▇▇▇ Margin will be returned to Client in a timely manner.