Common use of Margin Maintenance Clause in Contracts

Margin Maintenance. Notwithstanding anything to the contrary in Paragraph 4 of the SIFMA Master, the following shall apply: (a) Paragraph 4(a) of the SIFMA Master is hereby amended and restated as follows: “If, as of 12:00 noon on any Business Day during the Transaction Period for an outstanding Transaction hereunder (other than the Purchase Date), the Outstanding Amount of the Purchased Securities then subject to such Transaction is less than the Buyer’s Margin Amount for such Transaction (a “Margin Deficit”), then Buyer, may by notice to Seller require Seller to transfer to Buyer an amount of cash so that the sum of such transferred cash together with the Outstanding Amount of the Purchased Securities will thereupon equal or exceed such Buyer’s Margin Amount.”

Appears in 4 contracts

Sources: Master Repurchase Agreement (Hill-Rom Holdings, Inc.), Master Repurchase Agreement (Hill-Rom Holdings, Inc.), Master Repurchase Agreement (Vistra Corp.)

Margin Maintenance. Notwithstanding anything to the contrary in Paragraph 4 of the SIFMA Master, the following shall apply: : (a) Paragraph 4(a) of the SIFMA Master is hereby amended and restated as follows: “If, as of 12:00 noon on any Business Day during the Transaction Period for an outstanding Transaction hereunder (other than the Purchase Date), the Outstanding Amount of the Purchased Securities then subject to such Transaction is less than the Buyer’s Margin Amount for such Transaction (a “Margin Deficit”), then Buyer, may by notice to Seller require Seller to transfer to Buyer an amount of cash so that the sum of such transferred cash together with the Outstanding Amount of the Purchased Securities will thereupon equal or exceed such Buyer’s Margin Amount.”

Appears in 3 contracts

Sources: Master Repurchase Agreement (OUTFRONT Media Inc.), Master Repurchase Agreement (OUTFRONT Media Inc.), Master Repurchase Agreement (Hill-Rom Holdings, Inc.)

Margin Maintenance. Notwithstanding anything to the contrary in Paragraph 4 of the SIFMA Master, the following shall apply: (a) Paragraph 4(a) of the SIFMA Master is hereby amended and restated as follows: “If, as of 12:00 noon on any Business Day during the Transaction Period for an outstanding Transaction hereunder (other than the Purchase Date), the Outstanding Amount of the Purchased Securities then subject to such Transaction is less than the Buyer’s Margin Amount for such Transaction (a “Margin Deficit”), then BuyerBuyer may, may by notice to Seller Seller, require Seller to transfer to Buyer an amount of cash so such that the sum of such transferred cash together with the Outstanding Amount of the Purchased Securities will thereupon equal or exceed such the Buyer’s Margin Amount.”

Appears in 2 contracts

Sources: Master Repurchase Agreement (CHS Inc), Master Repurchase Agreement (CHS Inc)