Margin Amount Sample Clauses
The Margin Amount clause defines the specific sum of collateral that a party must provide to secure its obligations under an agreement, typically in financial or derivatives transactions. This clause outlines how the margin is calculated, when it must be posted, and the types of acceptable collateral, such as cash or securities. Its core function is to mitigate credit risk by ensuring that sufficient collateral is available to cover potential losses if one party defaults.
Margin Amount. (a) In the event that, at any time from and after the Adjustment Date, the Surplus Availability of the Transaction Entities is less than the applicable Minimum Surplus Availability Required Amount for at least twenty (20) consecutive calendar days (any such period in which the Surplus Availability has been less than the applicable Minimum Surplus Availability Required Amount for at least twenty (20) consecutive calendar days and a Surplus Availability Reinstatement has not occurred, a “Surplus Availability Trigger Period”), then the Transaction Entities shall (i) pay to ▇▇▇▇ an aggregate amount equal to the current Margin Amount on the second (2nd) Business Day following such twentieth (20th) consecutive calendar day and (ii) maintain an amount equal to the current Margin Amount on deposit with ▇▇▇▇ at all times during such Surplus Availability Trigger Period, in each case, (x) as reflected in statements contemplated to be delivered by ▇▇▇▇ and setting forth the applicable Margin Amount pursuant to Section 12.1.3 and (y) subject in any event to Sections 12.8(c), (d) and (e).
(b) In the event that, at any time from and after the date of this Agreement any of the Transaction Entities incurs, creates, assumes or guaranties any Specified Indebtedness (other than in connection with a Refinancing of any Senior Notes and/or the Revolving Credit Agreement) and, as of the time of such incurrence, creation, assumption or guaranty (either before or after giving effect thereto), if both of the following events or conditions described in clauses (x) and (y) occur: (x) the ratings assigned to any Senior Notes, or any applicable Refinancing of such Senior Notes, are (or would be) lower than B3 (or its then-current equivalent) by ▇▇▇▇▇’▇ Investors Service, Inc. (or any successor rating agency thereto) and B (or its then-current equivalent) by Standard & Poor’s Ratings Service (or any successor rating agency thereto), as rated by both such rating agencies and (y) at the time of such incurrence, creation, assumption or guaranty, the Transaction Entities have not delivered an officer’s certificate to ▇▇▇▇ certifying that (A) the ratings assigned to such Senior Notes, or any applicable Refinancing of such Senior Notes, have actually been issued an upgrade (as compared to such ratings as of the time immediately prior to such incurrence, creation, assumption or guaranty) by either ▇▇▇▇▇’▇ Investors Service, Inc. (or any successor rating agency thereto) or Standard & Poor’s Rati...
Margin Amount the amount subtracted from the Price of Security for the purposes of calculating the Nominal Value of the Repo and which is calculated by multiplying the Price of Security by the Margin Rate;
Margin Amount. Before you place an Order which creates an open Transaction you must ensure that your Account balance is sufficient to cover the required amount of funds in respect of that open Transaction (the “Margin Amount”). If your Account balance is less than the Margin Amount required for the open Transaction you wish to cre- ate, we may (and will, where and to the extent this is required by applicable laws and regulations) reject your Transaction. The Margin Amount must be maintained at all times until the open Transaction is closed and may increase or decrease at any time until the open Transaction is closed. The applicable Margin Amount for an open Transaction may vary depending on the Underlying Asset and your Account categorization. You will find details of the appli- cable Margin Amount on our Website. Non-standard Margin Amounts may apply: (i) for certain Markets derived from op- tions or options related financial instruments; (ii) when you are holding posi- tions in two or more Markets in the same Underlying Assets; and (iii) when the quantity of a Transaction is greater than our maximum quantity. The details of how we calculate non-standard Margin Amounts are set out on our Website. We reserve the right to change the way in which we calculate Margin Amounts at any time. We may notify you of an alteration to the Margin Amount by any of the following means: regular mail, telephone, fax, email, text message or by posting notice of the increase on our Website.
Margin Amount. Before you place an Order, which creates an open Transaction you must ensure that your Account balance is sufficient to cover the required amount of funds in respect of that open Transaction (the “Margin Amount”). If your Account balance is less than the Margin Amount required for the open Transaction you wish to create, we may (and will, where and to the extent this is required by applicable laws and regulations) reject your Transaction. The Margin Amount must be always maintained until the open Transaction is closed and may increase or decrease at any time until the open Transaction is closed. The applicable Margin Amount for an open Transaction may vary depending on the Underlying Asset and your Account categorization. You will find details of the applicable Margin Amount on our Website. Non-standard Margin Amounts may apply: (i) for certain Markets derived from options or options- related financial instruments; (ii) when you are holding positions in two or more Markets in the same Underlying Assets; and (iii) when the quantity of a Transaction is greater than our maximum quantity. The details of how we calculate non-standard Margin Amounts are set out on our website. We reserve the right to change the way in which we calculate Margin Amounts at any time. We may notify you of an alteration to the Margin Amount by any of the following means: regular mail, telephone, fax, email, text message or by posting notice of the increase on our website closing Margin Requirement. If the Total Margin for your Account reaches or falls below the Closing Margin Requirement, this will be classified as a Termination Event under Section. In such circumstances we may (and will, where and to the extent this is required by applicable laws and regulations) close all or any of your open Transactions immediately with or without notice. In addition, we may, among other things, refuse to execute new Transactions until your Total Margin exceeds the Closing Margin Requirement. It is your responsibility to always monitor your Account and to maintain your Total Margin above the Closing Margin Requirement. We will close your open Transactions at the Rate prevailing at the time when your open Transactions are closed. We may, but are not obliged, to contact you before we take any action under this section. You will be notified of the Closing Margin Requirement applicable to your Account on our Website. We may alter the Closing Margin Requirement applicable to your Account at any time, i...