Common use of Without prejudice to the generality Clause in Contracts

Without prejudice to the generality. of Clause A9 of this Agreement, the following events shall additionally be considered to be a “Default” for the purposes of these CFD Terms: (a) if UOBKH has reasonable concerns that the Client does not have a sufficient understanding of the nature of, or the risks of, CFD trading; (b) if on a ▇▇▇▇-to-market basis, the amount of funds that the Client holds at any time with UOBKH as Margin falls to less than the specified level of Margin that would be required to support all open CFD positions calculated at such time for such CFD product, as may be specified by UOBKH in the relevant CFD Product Information Sheet or otherwise notified by UOBKH from time to time; (c) in the event that the Client, UOBKH or any third party (including, but not limited to a Hedge Counterparty (as defined under Clause E11.1)) with whom UOBKH has entered into contracts with in connection with carrying one or more Accounts for the Client in relation to trading in CFDs with the Client becomes (or confirms that it is) insolvent or unable to pay its debts as they fall due or becomes the subject of a bankruptcy, liquidation, receivership, judicial management, administration or other similar proceeding or a resolution is passed to effect the same or if such person enters into, or proposes to enter into, any scheme, arrangement or composition with its creditors generally or if a liquidator, receiver, judicial manager, administrator, custodian or trustee or other analogous officer is appointed over all or a material part of such person's assets; or (d) such other action being taken or event occurring which adversely affects UOBKH’s ability to perform any of its obligations under these CFD Terms or any CFD Transaction.

Without prejudice to the generality. of Clause A9 of this Agreement, the following events shall additionally be considered to be a “Default” for the purposes of these CFD Terms: (a) if UOBKH has reasonable concerns that the Client does not have a sufficient understanding of the nature of, or the risks of, CFD trading; (b) if on a ▇▇▇▇-tomark-to-market basis, the amount of funds that the Client holds at any time with UOBKH as Margin falls to less than the specified level of Margin that would be required to support all open CFD positions calculated at such time for such CFD product, as may be specified by UOBKH in the relevant CFD Product Information Sheet or otherwise notified by UOBKH from time to time; (c) in the event that the Client, UOBKH or any third party (including, but not limited to a Hedge Counterparty (as defined under Clause E11.1)) with whom UOBKH has entered into contracts with in connection with carrying one or more Accounts for the Client in relation to trading in CFDs with the Client becomes (or confirms that it is) insolvent or unable to pay its debts as they fall due or becomes the subject of a bankruptcy, liquidation, receivership, judicial management, administration or other similar proceeding or a resolution is passed to effect the same or if such person enters into, or proposes to enter into, any scheme, arrangement or composition with its creditors generally or if a liquidator, receiver, judicial manager, administrator, custodian or trustee or other analogous officer is appointed over all or a material part of such person's assets; or (d) such other action being taken or event occurring which adversely affects UOBKH’s ability to perform any of its obligations under these CFD Terms or any CFD Transaction.