Common use of WHAT ACTION MAY WE TAKE Clause in Contracts

WHAT ACTION MAY WE TAKE. If an Event of Default occurs (or as otherwise set out in clause 18.3) we may take all or any of the following actions immediately or at any time at our sole discretion and without further notice to you: 18.2.1 immediately require payment of any amount due to us, including Margin; 18.2.2 terminate this Terms and Conditions; 18.2.3 close all or any of your open Positions; 18.2.4 limit the size of your open Positions either in monthly terms or a number of Positions (net or gross); 18.2.5 refuse orders to establish new Positions; 18.2.6 convert any ledger balances to the Base Currency of your Account; 18.2.7 exercise our rights of set off; 18.2.8 change the Margin Percentage; 18.2.9 impose new Margin Requirements to your trading or Account; 18.2.10 limit or withdraw the credit on your Account; 18.2.11 suspend your Account and refuse to execute any trades; 18.2.12 call on any guarantee in respect of your obligations; 18.2.13 require you immediately to close out and settle the Position in such a manner as we request; 18.2.14 enter into any transaction at such rates and times as we may determine in order to meet any obligation you may have incurred under a Position; 18.2.15 combine, close or consolidate any of the Accounts and offset any and/or amounts owed to, or by, us in such manner as we may in our absolute discretion determine; or 18.2.16 retain any amount owed by us to you against any contingent liability of yours to us or so long as the contingency subsists.

WHAT ACTION MAY WE TAKE. If an Event of Default occurs (or as otherwise set out in clause 18.3) we may take all or any of the following actions without prior notice to you (either immediately or at any time at in our sole discretion and without further notice to you:discretion): 18.2.1 immediately require payment of any amount due to us, including Margin; 18.2.2 terminate this Terms and Conditions; 18.2.3 close all or any of your open Positions; 18.2.4 limit the size of your open Positions either in monthly terms or a number of Positions (net or gross); 18.2.5 refuse orders to establish new Positions; 18.2.6 convert any ledger balances to the Base Currency of your Account; 18.2.7 exercise our rights of set off; 18.2.8 change the Margin Percentage; 18.2.9 impose new Margin Requirements to your trading or Account; 18.2.10 limit or withdraw the credit on your Account; 18.2.11 suspend your Account and refuse to execute any trades; 18.2.12 call on any guarantee in respect of your obligations; 18.2.13 require you immediately to close out and settle the Position in such a manner as we request; 18.2.14 enter into any transaction at such rates and times as we may determine in order to meet any obligation you may have incurred under a Position; 18.2.15 combine, close or consolidate any of the Accounts and offset any and/or amounts owed to, or by, us in such manner as we may in our absolute discretion determine; or 18.2.16 retain any amount owed by us to you against any contingent liability of yours to us or so long as the contingency subsists.