MARGIN COVER Sample Clauses
MARGIN COVER. 7.1 The Client’s obligation to monitor and maintain the Loan amount and the Margin Ratio will be governed by the following provisions:
(a) the Client is required to (i) monitor and maintain at all times the Loan not to exceed the Margin Limit and the Margin Ratio at such level determined by GTJAS to be satisfactory, and (ii) satisfy the Margin Calls given by GTJAS from time to time;
(b) the Client is solely responsible for contacting GTJAS from time to time to ensure that the Client is informed of the Margin Limit, the Margin Ratio in respect of the Charged Securities and the status relating to Margin Calls and whether they have been performed to the satisfaction of GTJAS; and
(c) GTJAS is entitled to exercise its rights under Clause 7.3 to sell or dispose of the Charged Securities even if (i) GTJAS has not given the Client a Margin Call, or (ii) GTJAS has not been promptly notified of the satisfaction of a Margin Call by the Client. Subject to Clause 13.1(h), GTJAS is not liable to the Client for such sale or disposal.
7.2 Margin Call
(a) GTJAS will monitor and determine the Security Market Value on a real time basis on the information supplied by the relevant stock or other exchange and the prevailing exchange rates for the relevant currencies. GTJAS will update the Client’s position in respect of the services under the Margin Account at such times a day as GTJAS considers appropriate. If at any time GTJAS determines that the Loan exceeds the Margin Limit or the LTV Ratio reaches or exceeds the Margin Ratio (or both), GTJAS may (but have no obligation to) refuse to act on any Instruction given by the Client or on the Client’s behalf. GTJAS also has the right to give the Client a margin call requiring the Client to make payments or deposits of margin in monies, Securities and/or other assets in such amount and in such form into a designated account and within such time as specified by GTJAS in order to reduce the Loan or increase the Collateral (or both) within a specified time (a “Margin Call”). Unless the Margin Call is fully satisfied within the time specified, GTJAS shall have no obligation to effect or respond to the Client’s Instruction to buy or sell Securities on margin.
(b) The Client is required to satisfy a Margin Call by taking the following steps (or any of them):
(i) deposit into the Margin Account additional monies or immediately available cleared funds in such amount acceptable to GTJAS;
(ii) deposit into the Margin Account additional Secu...
MARGIN COVER. 30.1 The Client’s obligation to monitor and maintain the Loan amount and the Margin Ratio will be governed by the following provisions:
30.1.1 the Client is required to (i) monitor and maintain at all times the Loan not to exceed the Margin Limit and the Margin Ratio at such level determined by uSMART SG to be satisfactory, (ii) satisfy the Margin Alert/Notification recommended by uSMART SG from time to time, and (iii) to avoid the possibility of a liquidation pursuant to Event of Default set out in Clause 33.5;
30.1.2 the Client is solely responsible for contacting uSMART SG from time to time to ensure that the Client is informed of the Margin Limit, the Margin Ratio in respect of the Charged Securities and the status relating to Margin Alert/Notification; and
30.1.3 uSMART SG is entitled to exercise its rights under Clause 30.3 to sell or dispose of the Charged Securities even if (i) uSMART SG has not given the Client a Margin Alert/Notification, or (ii) uSMART SG has not been promptly notified of the satisfaction of a Margin Alert/Notification by the Client. Subject to Clause 36.1.8, uSMART SG is not liable to the Client for such sale or disposal.
MARGIN COVER. 15.1 You agree and acknowledge with each of the following:
(a) Margin Cover refers to the amount paid or payable to Royal as it requires (to protect against your liabilities on Transactions) and which is credited to your Account. The minimum amount of the Margin Cover is determined by Royal in its absolute discretion.
(b) A Margin payment is the amount you pay Royal for crediting your Account as Margin Cover.
(c) The time for your payment to maintain Margin Cover and to satisfy any Margin call is of the essence.
(d) You must maintain at least the amount of Margin Cover required by Royal whether or not Royal gives any notice to you to make those payments or you have actual notice of the required amount. The required amount of Margin Cover can change continuously and can change automatically, including over the weekend or other non- trading days. Your obligation to maintain at least the required amount of Margin Cover is continuous.
(e) You must ensure that for so long that you have an Open Position, the Free Margin must always remain positive. If not, you may receive and have to satisfy a Margin call in accordance with these Terms.
(f) You have an obligation to satisfy a Margin call (in addition to your obligation to maintain Margin Cover) within the required time by any combination of Closing Out positions or making payments (or both) as accepted by Royal, in its absolute discretion. The payments to be made towards satisfying a Margin call must be made to the Trust Account.
(g) ▇▇▇▇▇▇ calls may be made by any means of notice permitted by these Terms, including by telephone call to you or your Authorised Person or by way of the Online Service (even if you do not access your Account during the time the Margin call requires payment). You acknowledge that it is fundamental that you remain contactable by Royal at all times by ▇▇▇▇▇ using the contact details you give Royal from time to time and that your failure to be contactable or to receive notice of a Margin call at any contact address you give does not affect the validity of the Margin call or your obligation to satisfy it.
(h) If no other time is stipulated by Royal for when you must satisfy the Margin call then you must comply within 24 hours of the Margin call being made, even if you have not received it or are actually aware of it and even if the time of making the Margin call or the time for satisfying it are outside of normal working hours of a Business Day. You acknowledge that ▇▇▇▇▇▇ calls may be pa...
MARGIN COVER. 5.1 Top-Up I/We shall at all times ensure that the aggregate Acceptable Margin Value of all the securities in my/our Margin Securities Account is not less than the outstanding amount of the Credit Facilities. If the aggregate Acceptable Margin Value of all the securities in my/our Margin Securities Account is less than the outstanding amount of the Credit Facilities, I/we shall immediately after such condition exists, whether or not I/we have received the aforesaid notice from you, deposit and maintain or procure to be deposited and maintained with you such amount of cash or additional securities as may be acceptable to you into the Margin Securities Account so that after the addition the aggregate Acceptable Margin Value of all the securities in the Margin Securities Account shall be not less than the outstanding amount of the Credit Facilities.
MARGIN COVER. 29.1 The Client’s obligation to monitor and maintain the Loan amount and the Margin Ratio will be governed by the following provisions:
29.1.1 the Client is required to (i) monitor and maintain at all times the Loan not to exceed the Margin Limit and the Margin Ratio at such level determined by USPL to be satisfactory, (ii) satisfy the Margin Calls given by USPL from time to time, and (iii) to avoid the possibility of a liquidation pursuant to Event of Default set out in Clause 32.5;
29.1.2 the Client is solely responsible for contacting USPL from time to time to ensure that the Client is informed of the Margin Limit, the Margin Ratio in respect of the Charged Securities and the status relating to Margin Calls and whether they have been performed to the satisfaction of USPL; and
29.1.3 USPL is entitled to exercise its rights under Clause 29.3 to sell or dispose of the Charged Securities even if (i) USPL has not given the Client a Margin Call, or (ii) USPL has not been promptly notified of the satisfaction of a Margin Call by the Client. Subject to Clause 35.1.8, USPL is not liable to the Client for such sale or disposal.
MARGIN COVER