Common use of Margin Deficit Cures Clause in Contracts

Margin Deficit Cures. Paragraph 4(c) of the SIFMA Master is hereby amended and restated in its entirety to read as follows: “If any notice is given (or deemed given) by Buyer under subparagraph (a) of this Paragraph, Seller shall transfer cash or Additional Purchased Securities as provided in such subparagraph no later than three Business Days following its receipt (or deemed receipt) of such notice.”

Appears in 2 contracts

Sources: Master Repurchase Agreement (Dupont E I De Nemours & Co), Master Repurchase Agreement (Dupont E I De Nemours & Co)

Margin Deficit Cures. Paragraph 4(c) of the SIFMA Master is hereby amended and restated in its entirety to read as follows: “If any notice is given (or deemed given) by Buyer under subparagraph (a) of this Paragraph, Seller shall transfer cash or Additional Purchased Securities as provided in such subparagraph no later than three Business Days following its receipt (or deemed receipt) of such notice.” (d)

Appears in 1 contract

Sources: Master Repurchase Agreement