Amount of Collateral. Before the Bank will enter into any Transaction with the Customer, the Customer must Deliver Collateral to the Bank having a Collateral Value equal to or greater than the Initial Margin Amount. Thereafter, the Bank and the Customer may enter into a Transaction, regardless of amount, so long as: (i) the Collateral Value of the Collateral Delivered by the Customer to the Bank; plus (ii) Total Net Profits or (as the case may be) minus Total Net Losses at such time ("Adjusted Collateral Value") equals or exceeds the product of the Initial Percentage and the Customer's Net Open Position after giving effect to such Transaction ("Initial Margin Amount").
Appears in 4 contracts
Samples: Foreign Exchange Master Agreement (Campbell Strategic Allocation Fund Lp), Master Agreement (Campbell Alternative Asset Trust), Master Agreement (Campbell Asset Allocation Trust)
