If the InitialContext is created, used and closed in a high frequence (couple of calls per second).

The following Exception is thrown:
Jun 26, 2013 5:45:48 PM org.jboss.ejb.client.remoting.RemotingConnectionEJBReceiver$1 handleFailed
ERROR: Failed to open channel for context EJBReceiverContext

{clientContext=org.jboss.ejb.client.EJBClientContext@50c94ac, receiver=Remoting connection EJB receiver [connection=org.jboss.ejb.client.remoting.ConnectionPool$PooledConnection@4e2fdf53,channel=jboss.ejb,nodename=node1]}

org.jboss.remoting3.ProtocolException: Too many channels open
at org.jboss.remoting3.remote.RemoteConnectionHandler.handleOutboundChannelOpen(RemoteConnectionHandler.java:177)
at org.jboss.remoting3.remote.RemoteConnectionHandler.open(RemoteConnectionHandler.java:307)
at org.jboss.remoting3.ConnectionImpl.openChannel(ConnectionImpl.java:75)
at org.jboss.ejb.client.remoting.ConnectionPool$PooledConnection.openChannel(ConnectionPool.java:221)
at org.jboss.ejb.client.remoting.RemotingConnectionEJBReceiver.associate(RemotingConnectionEJBReceiver.java:136)
at org.jboss.ejb.client.EJBClientContext.registerEJBReceiver(EJBClientContext.java:375)
at org.jboss.ejb.client.EJBClientContext.registerEJBReceiver(EJBClientContext.java:327)
at org.jboss.ejb.client.remoting.EJBClientContextConnectionReconnectHandler.reconnect(EJBClientContextConnectionReconnectHandler.java:66)
at org.jboss.ejb.client.EJBClientContext$ReconnectAttempt.run(EJBClientContext.java:1285)
at java.util.concurrent.Executors$RunnableAdapter.call(Executors.java:471)
at java.util.concurrent.FutureTask$Sync.innerRun(FutureTask.java:334)
at java.util.concurrent.FutureTask.run(FutureTask.java:166)
at java.util.concurrent.ThreadPoolExecutor.runWorker(ThreadPoolExecutor.java:1145)
at java.util.concurrent.ThreadPoolExecutor$Worker.run(ThreadPoolExecutor.java:615)
at java.lang.Thread.run(Thread.java:724)