Common use of Client undertakes Clause in Contracts

Client undertakes. 2.2.1 at all times to maintain the level of margin specified in the Facility Letter or any other level of margin determined by SHKIS from time to time (“Margin”), either by paying to SHKIS sufficient monies or by depositing (or procuring the deposit of) sufficient securities with SHKIS; and 2.2.2 forthwith upon demand to pay to SHKIS such sum, in cleared funds, in cash and/or deliver to SHKIS such additional securities as additional or substituted security for the Liabilities; and, for the avoidance of doubt, any securities deposited with or delivered to SHKIS under this clause shall form part of the Margin Securities.

Client undertakes. 2.2.1 at all times to maintain the level of margin specified in the Facility Letter or any other level of margin determined by SHKIS SHKOS from time to time (“Margin”), either by paying to SHKIS SHKOS sufficient monies or by depositing (or procuring the deposit of) sufficient securities with SHKISSHKOS; and 2.2.2 forthwith upon demand to pay to SHKIS SHKOS such sum, in cleared funds, in cash and/or deliver to SHKIS SHKOS such additional securities as additional or substituted security for the Liabilities; and, for the avoidance of doubt, any securities deposited with or delivered to SHKIS SHKOS under this clause shall form part of the Margin Securities.