Margin and Margin Maintenance Sample Clauses

Margin and Margin Maintenance. CLAY is responsible for the collection of initial margin and all amounts necessary to meet subsequent maintenance calls in each Customer and CLAY Account to insure compliance with Regulation T and the house rules of FSWC. FSWC shall have the unlimited right to buy in or sell out positions in Accounts whenever FSWC, in its sole discretion, deems such action appropriate. FSWC may take any such action regardless of whether any such Account is then in compliance with applicable margin maintenance requirements or a request has been made for an extension of time to make any payment required by Regulation ▇. ▇▇▇▇ acknowledges that FSWC has the right to demand payment on any debit balance in any CLAY Customer Account, Proprietary Account or related CLAY Accounts; and CLAY shall be liable to FSWC for any non-receipt of such payments upon demand.
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Margin and Margin Maintenance. Correspondent is responsible for the collection of initial margin and all amounts necessarily to meet subsequent maintenance calls in each Customer and Correspondent Account to ensure compliance with Regulation T, the rules of any self-regulatory organization or exchange and the house rules of NFS. Subject to prevailing market conditions, NFS will produce, maintain and provide to Correspondent sufficient information to allow Correspondent to determine which of its Accounts are undermargined for purposes of Correspondent’s compliance with Regulation T, any self-regulatory organization or exchange and NFS’ house rules. NFS will promptly notify Correspondent of all margin and maintenance calls relating to Accounts and Correspondent shall notify Accounts of such calls and shall be responsible for ensuring that margin requirements are met. NFS reserves the right to send notice of a margin requirement directly to an Account and will promptly provide a copy of the notice to Correspondent. If any Account fails to comply with any margin requirement, NFS will notify Correspondent and, if Correspondent does not promptly sell out (or buy in, as appropriate) such Account so as to bring the Account into compliance with applicable margin or maintenance requirements, NFS will do so on Correspondent’s behalf. In the event that required margin is not provided within the time specified by NFS or securities sold are not delivered as required, NFS may take such action as NFS deems appropriate, including but not limited to the sale or purchase of securities for, and at the risk of, the Account. Compliance with a request by Correspondent to withhold action shall not be deemed a waiver by NFS of any rights under this Agreement, including but not limited to the right to close out a contract or position if NFS in its reasonable judgment determines that changing conditions render such action advisable, with or without prior notification to the Customer or the Correspondent. Correspondent may request in good faith that NFS file for an extension of time to comply with Regulation T. Filing for such extension of time with the NYSE is within the sole discretion of NFS.
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Margin and Margin Maintenance. 8.6.1 The User is to pay to MERJ, as a margin in respect of a Transaction, such sums as MERJ may require under this Agreement or as otherwise notified in writing by MERJ to the User. 8.6.2 8.6.3 8.6.4 8.6.5 8.6.6 8.6.7 8.6.7.1 8.6.7.2 8.6.8 8.6.9 8.6.9.1 8.6.10 8.6.11 8.6.11.1 8.6.11.2 8.6.12 8.6.13
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Margin and Margin Maintenance. 8.9.1 The Client is to pay to Velocity Trade such sums of money in the Client Base Currency by way of margin as Velocity Trade may require under this Agreement or as otherwise notified in writing by Velocity Trade to the Client. 8.9.2 The Client is to ensure that moneys paid to Velocity Trade are correctly designated in all respects, including, where applicable, that those moneys are by way of margin and to which Account of the Client they should be applied.
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Margin and Margin Maintenance. 8.10.1 The Client is to pay to Velocity Trade such sums of money in the Client Base Currency by way of margin as Velocity Trade may require under this Agreement or as otherwise notified in writing by Velocity Trade to the Client. 8.10.2 The Client is to ensure that moneys paid to Velocity Trade are correctly designated in all respects, including, where applicable, that those moneys are by way of margin and to which Margin Account of the Client they should be applied. 8.10.3 From time to time, Velocity Trade is to provide to the Client details of the arrangements that apply to making payments to Velocity Trade. 8.10.4 The Client acknowledges and agrees that Velocity Trade will credit those moneys to the Segregated Funds Account only when they become cleared funds. 8.10.5 Accordingly, moneys paid by: 8.10.5.1 South African electronic fund transfers may not be available as collateral and, therefore, Free Margin until the funds have been received and allocated to Velocity Trade’s bank account; and 8.10.5.2 International electronic transfers, in accordance with relevant bank and currency practice, may not be available as collateral and, therefore, Free Margin for a number of Business Days. 8.10.6 Velocity Trade will, in accordance with the normal practices of the Registered Bank at which the Segregated Funds Account is held, arrange for the credit of those moneys to the Segregated Funds Account as soon as practicable after they become cleared funds. 8.10.7 The Client undertakes to maintain the Margin Requirement(s) being either: 8.10.7.1 in the case of Margin Transactions entered into using an Electronic Trading Platform, the relevant Margin Requirement(s) specified in the Margin Platform Addendum; and 8.10.7.2 in all other cases, the Margin Requirement(s) advised by Velocity Trade. 8.10.8 The undertaking in clause 8.10.7 is deemed to be repeated at the time each Margin Transaction is entered into. 8.10.9 If the Client has more than one Margin Transaction Account, the undertaking in clause 8.10.7 relates to each Margin Transaction Account separately, unless Velocity Trade has agreed otherwise in writing. 8.10.10 For the avoidance of doubt, the undertaking in clause 8.10.7 is a margin requirement for the purpose of clause 20.1.2. 8.10.11 The Client acknowledges and agrees that: 8.10.11.1 the Margin Requirement may differ depending on the Electronic Trading Platform on which Margin Transactions are entered; 8.10.11.2 the applicable Margin Requirement may, from ti...
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Margin and Margin Maintenance. 8.6.1 The User is to pay to MERJ, as a margin in respect of a Transaction, such sums as MERJ may require under this Agreement or as otherwise notified in writing by MERJ to the User. 8.6.2 The User is to ensure that moneys paid to MERJ are correctly designated to be allocated to the Account. 8.6.3 From time to time, MERJ is to provide to the User details of the arrangements that apply to making payments to MERJ. 8.6.4 The User acknowledges and agrees that MERJ will credit those moneys to the Segregated Funds Account only when they become cleared funds. 8.6.5 Moneys paid by electronic fund transfers may not be available as collateral and, therefore are not Free Margin until the funds have been received and allocated to MERJ bank account. 8.6.6 MERJ will, in accordance with the normal practices at which the Segregated Funds Account is held, arrange for the credit of those moneys to the Segregated Funds Account as soon as practicable after they become cleared funds. 8.6.7 The User undertakes to maintain the Margin Requirement(s) being either – 8.6.7.1 in the case of Margin Transactions entered into using the MERJ Platform, the relevant Margin Requirement(s) specified in the applicable Fee Schedule; and 8.6.7.2 in all other cases, the Margin Requirement(s) advised by ▇▇▇▇. 8.6.8 The undertaking in clause 8.6.7 is deemed to be repeated at the time each Margin Transaction is entered into. 8.6.9 For the avoidance of doubt, the undertaking in clause 8.6.7 is a margin requirement for the purpose of clause 8.6.8. 8.6.9.1 The User acknowledges and agrees that the applicable Margin Requirement may, from time to time, be updated by MERJ by amending the relevant Fee Schedule and it is the User’s responsibility to ensure it is aware of the prevailing Margin Requirement at any point in time. 8.6.10 The User must maintain sufficient Free Margin so that, should the relevant MERJ Platform become unavailable and the User is unable to ascertain its real-time Margin Requirement or amount of Free Margin available, the applicable Margin Requirement will still be satisfied notwithstanding any market movement during that period. 8.6.11 The User acknowledges and agrees that, if at any time during any day, the relevant Margin Requirement is not maintained – 8.6.11.1 the relevant MERJ Platform may automatically terminate and close out some or all outstanding Margin Transactions; and 8.6.11.2 MERJ may at its discretion, but is under no obligation to, terminate and close out some or all...
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Margin and Margin Maintenance. ALEX is responsible for the collection of initial margin and all amounts necessary to meet subsequent maintenance calls in each Customer and ALEX Account to insure compliance with Regulation T and the house rules of FSWC. FSWC shall have the unlimited right to buy in or sell out positions in Accounts whenever FSWC, in its sole discretion, deems such action appropriate. FSWC may take any such action regardless of whether any such Account is then in compliance with applicable margin maintenance requirements or a request has been made for an extension of time to make any payment required by Regulation T. ALEX acknowledges that FSWC has the right to demand payment on any debit balance in any ALEX Customer Account, Proprietary Account or related ALEX Accounts; and ALEX shall be liable to FSWC for any non-receipt of such payments upon demand.
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Related to Margin and Margin Maintenance

  • Margin Maintenance (a) If at any time the aggregate Market Value of all Purchased Securities subject to all Transactions in which a particular party hereto is acting as Buyer is less than the aggregate Buyer’s Margin Amount for all such Transactions (a “Margin Deficit”), then Buyer may by notice to Seller require Seller in such Transactions, at Seller’s option, to transfer to Buyer cash or additional Securities reasonably acceptable to Buyer (“Additional Purchased Securities”), so that the cash and aggregate Market Value of the Purchased Securities, including any such Additional Purchased Securities, will thereupon equal or exceed such aggregate Buyer’s Margin Amount (decreased by the amount of any Margin Deficit as of such date arising from any Transactions in which such Buyer is acting as Seller). (b) If at any time the aggregate Market Value of all Purchased Securities subject to all Transactions in which a particular party hereto is acting as Seller exceeds the aggregate Seller’s Margin Amount for all such Transactions at such time (a “Margin Excess”), then Seller may by notice to Buyer require Buyer in such Transactions, at Buyer’s option, to transfer cash or Purchased Securities to Seller, so that the aggregate Market Value of the Purchased Securities, after deduction of any such cash or any Purchased Securities so transferred, will thereupon not exceed such aggregate Seller’s Margin Amount (increased by the amount of any Margin Excess as of such date arising from any Transactions in which such Seller is acting as Buyer). (c) If any notice is given by Buyer or Seller under subparagraph (a) or (b) of this Paragraph at or before the Margin Notice Deadline on any business day, the party receiving such notice shall transfer cash or Additional Purchased Securities as provided in such subparagraph no later than the close of business in the relevant market on such day. If any such notice is given after the Margin Notice Deadline, the party receiving such notice shall transfer such cash or Securities no later than the close of business in the relevant market on the next business day following such notice. (d) Any cash transferred pursuant to this Paragraph shall be attributed to such Transactions as shall be agreed upon by Buyer and Seller. (e) Seller and Buyer may agree, with respect to any or all Transactions hereunder, that the respective rights of Buyer or Seller (or both) under subparagraphs (a) and (b) of this Paragraph may be exercised only where a Margin Deficit or Margin Excess, as the case may be, exceeds a specified dollar amount or a specified percentage of the Repurchase Prices for such Transactions (which amount or percentage shall be agreed to by Buyer and Seller prior to entering into any such Transactions). (f) Seller and Buyer may agree, with respect to any or all Transactions hereunder, that the respective rights of Buyer and Seller under subparagraphs (a) and (b) of this Paragraph to require the elimination of a Margin Deficit or a Margin Excess, as the case may be, may be exercised whenever such a Margin Deficit or Margin Excess exists with respect to any single Transaction hereunder (calculated without regard to any other Transaction outstanding under this Agreement).

  • Facility Operations V. FACILITY OPERATION MON TUES WED THURS FRI SAT SUN A. Hours facility is open to public and employees 6A- 5:30P 6A -5:30P 6A -5:30P 6A -5:30P 6A -5:30P Closed Closed B. Hours facility is open to public and employees

  • Margin Calls 19.1 The Client shall pay to the Execution Venue on demand: (a) Such sums of money by way of deposits or as initial or variation Margin as the Company may from time to time require; (b) Any amount necessary for maintaining a positive balance in any and all Accounts.

  • Maintenance and Support Services If this Agreement is for IT goods or services, this section applies: Unless otherwise specified in this Agreement: The Contractor shall promptly provide the Court with all Upgrades, including without limitation: (i) all Upgrades generally made available by Contractor to its other customers; (ii) Upgrades as necessary so that the Work complies with the Specifications and Applicable Law (including changes in Applicable Law); (iii) Upgrades as necessary so that the Work operates under new versions or releases of the Court’s operating system or database platform; and (iv) all on-site services necessary for installation of Upgrades. Without limiting any other obligation of Contractor under this Agreement, Contractor represents and warrants that it will maintain services, equipment, software or any other part of the Work so that they operate in accordance with their Specifications and Documentation; and The Contractor shall respond to the Court within four (4) hours after the Court reports a Technical Support Incident (such hours all occurring during Standard M&S Hours) to Contractor. DELIVERY, ACCEPTANCE, AND PAYMENT Delivery. Contractor shall deliver to the Court the Deliverables in accordance with this Agreement, including the Statement of Work. Unless otherwise specified by this Agreement, Contractor will deliver all goods purchased by the Court “Free on Board Destination Freight Prepaid” to the Court at the address and location specified by the Court. Title to all goods purchased by the Court vests in the Court upon payment of the applicable purchase price. Contractor will bear the risk of loss for any Work being delivered until received by the Court at the proper location. All shipments by Contractor or its Subcontractors must include packing sheets identifying: this Agreement number, the Court’s purchase order number, item number, quantity and unit of measure, part number and description of the goods shipped, and appropriate evidence of inspection, if required. Goods for different Agreements shall be listed on separate packing sheets.

  • Banking Facilities Section 3.6(f) of the Company Disclosure Schedule sets forth an accurate and complete list of (i) each bank, savings and loan or similar financial institution with which the Company has an account or safety deposit box or other similar arrangement, and any numbers or other identifying codes of such accounts, safety deposit boxes or such other arrangements maintained by the Company thereat, and (ii) the names of all Persons authorized to draw on any such account or to have access to any such safety deposit box facility or such other arrangement.