Common use of Right of Hankotrade to Initiate Close Out Orders Clause in Contracts

Right of Hankotrade to Initiate Close Out Orders. Hankotrade may, without notice to you, unilaterally initiate and execute one or more Close Out Orders for some or all of your Open Positions, in the event that the value of the assets in your Account is determined by Hankotrade System to be less than the Margin Requirement.