Margin, etc. If the undersigned applies for a margin facility, the undersigned acknowledges that you have the right to determine, in your discretion, whether to grant the margin facility and the conditions which are to apply to such facility. The undersigned further acknowledges that you may, at any time and from time to time, (i) reduce or cancel any margin facility made available to the undersigned or refuse to grant any additional margin facility to the undersigned or (ii) require the undersigned to provide margin in addition to the margin required by any laws, regulations, policies or orders of any applicable government or regulatory authority (collectively, “Applicable Regulatory Requirements”). The undersigned will at all times maintain margins for said accounts, as required by you from time to time, and promptly meet all margin calls, and understands that you may call the undersigned for margin whenever you deem it necessary or advisable for your protection. The undersigned will also promptly pay any indebtedness due as a result of any reduction or cancellation of any margin facility. The undersigned acknowledges that it is your policy to operate your margin business on a trade date basis.
Appears in 6 contracts
Sources: Customer Agreement, Customer Agreement, Customer Agreement