Margin Payment Sample Clauses

Margin Payment. For a standard Deal, the Quoting Tools allow Wholesaler the option to add Margin to the Products and Services as Wholesaler sees fit. The margin is calculated and paid monthly on an as-billed basis, during the payments period defined herein. Star2Star encourages Wholesaler to establish an ACH payment facility with Star2Star so that payments can be credited immediately. Please contact your Star2Star Representative for details.

Margin Payment. For a standard deal, the Quoting Tools allow Wholesaler the option to add Margin to the Products and Services as Wholesaler sees fit. The Margin is calculated and paid monthly on an as-billed basis during the payments period defined herein. Sangoma encourages Wholesaler to establish an ACH payment facility with Sangoma so that payments can be credited immediately. Please contact your Sangoma representative for details.

Margin Payment. 6.1 At any time and from time to time, during the period of this Agreement, if the aggregate Market Value of the Fine Metal Delivered exceeds ninety five percent (95%) of the Guaranteed Sum, K&S shall, at its option, within five (5) Business Days after notice has been served by AGR MATTHEY: (a) Make a deposit in cash in USD, to AGR MATTHEY’s account at: ▇ ▇ ▇▇▇▇▇▇ ▇▇▇▇▇ Bank, New York Account Name: AGR MATTHEY – USD Account ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ AND/OR (b) Provide AGR MATTHEY with a further Bank Standby Letter of Credit for an amount in excess of the Guaranteed Sum AND/OR (c) Sell back a quantity of Gold to AGR MATTHEY (or to AGR MATTHEY’s agent as directed by AGR MATTHEY in writing) in accordance with Clause 7 so that after the deposit of cash, provision of the further Bank Standby Letter of Credit and/or sell back of Gold in accordance with Clause 7, the aggregate Market Value of the Fine Metal Delivered does not exceed ninety five percent (95%) of the Guaranteed Sum. 6.2 Where K&S elects to place cash deposits with AGR MATTHEY as opposed to increasing the value of the Bank Standby Letter of Credit (and K&S advises AGR MATTHEY in writing in advance) and such sums are not used on an ongoing basis for the payment of sums due to AGR MATTHEY which as a result allows AGR MATTHEY to place the cash deposits on a term deposit facility with their bank then any USD cash deposit made pursuant to Clause 6.1 to AGR MATTHEY in satisfaction of such Margin Payment shall earn interest based on daily balances of such deposits at a rate equal to the prevailing USD one month LIBOR rate (London Interbank Offer Rate) minus 0.5% per annum (half of one percent per annum). Interest earned on any such deposit shall be paid to K&S in accordance with Clause 8. 6.3 Interest earned pursuant to Clause 6.2 together with any USD cash deposit made pursuant to Clause 6.1 shall be paid to K&S in full by the bank holding the USD cash deposit upon the direction of AGR MATTHEY when the USD cash deposit is returned to K&S. 6.4 At the request of K&S, AGR MATTHEY shall return to K&S the USD cash deposit and/or Further Bank Standby Letter of Credit held as a Margin Payment to K&S, as the case may be, when the aggregate Market Value of the outstanding Gold Delivered has dropped back to or below 95% (ninety five percent) of the Guaranteed Sum and has remained so for five (5) consecutive Business Days.

Margin Payment. 1If the Client is a Business Client and at any time Moneycorp requires the Client to provide additional Margin to Moneycorp, or any Margin where no initial Margin has been required, in excess of £50,000 in accordance with clauses 6.1 to 6.5, the Client must do so in immediately accessible funds by 17.00 UK time on the Business Day on which Moneycorp gives notification of the additional Margin requirement, provided that such notification is given before 12.00 noon UK time on such Business Day. If notification of an additional Margin requirement is given after 12:00 noon UK time, the Client must provide the funds by 12:00 noon UK time on the next Business Day. If at any time Moneycorp requires the Client to provide additional Margin to Moneycorp, or Margin where no initial Margin has been required, up to and including £50,000, in accordance with clauses 6.1 to 6.5, the Client must do so in immediately accessible funds by 17.00 UK time on the Business Day following the day on which Moneycorp gives notification of the additional Margin requirement, provided such notification is given before 12.00 noon UK time. If notification of an additional Margin requirement is given after 12:00 noon UK time the Client must provide the funds by 12.00 noon UK time on the second Business Day after notification of the additional Margin requirement.

Margin Payment. 6.6.1 If the Client is a Business Client and at any time Moneycorp requires the Client to provide additional Margin to Moneycorp, or any Margin where no initial Margin has been required, in excess of €50,000 in accordance with clauses 6.1 to 6.5, the Client must do so in immediately accessible funds by 17.00 Irish time on the Business Day on which Moneycorp gives notification of the additional Margin requirement, provided that such notification is given before 12.00 noon Irish time on such Business Day. If notification of an additional Margin requirement is given after 12:00 noon Irish time, the Client must provide the funds by 12:00 noon Irish time on the next Business Day. If at any time Moneycorp requires the Client to provide additional Margin to Moneycorp, or Margin where no initial Margin has been required, up to and including €50,000, in accordance with clauses 6.1 to 6.5, the Client must do so in immediately accessible funds by 17.00 Irish time on the Business Day following the day on which Moneycorp gives notification of the additional Margin requirement, provided such notification is given before 12.00 noon Irish time. If notification of an additional Margin requirement is given after 12:00 noon Irish time the Client must provide the funds by 12.00 noon Irish time on the second Business Day after notification of the additional Margin requirement. 6.6.2 If the Client is a Personal Client, and Moneycorp requires the Client to provide initial or additional Margin to Moneycorp in accordance with clauses 6.1 to 6.5, the Client must do so in immediately accessible funds by 17:00 Irish time on the third Business Day after the day on which Moneycorp gives notification of the initial or additional Margin requirement except for Transactions with a value of €500,000 or more where shorter time frames will apply as notified to the Client by Moneycorp in advance of entering in to the Contract.

Margin Payment. 6.1 At any time and from time to time, during the period of this Agreement, if the aggregate Market Value of the Fine Metal Delivered exceeds ninety five percent (95%) of the Guaranteed Sum, K&S shall, at its option, within five (5) Business Days after notice has been served by AGR MATTHEY: (a) Make a deposit in cash in USD, to AGR MATTHEY’s account at: ▇ ▇ ▇▇▇▇▇▇ ▇▇▇▇▇ Bank, New York Account Name: AGR MATTHEY – USD Account ▇▇▇▇▇ ▇▇▇▇▇ AND/OR (b) Provide AGR MATTHEY with a further Bank Standby Letter of Credit for an amount in excess of the Guaranteed Sum AND/OR (c) Sell back a quantity of Gold to AGR MATTHEY (or to AGR MATTHEY’s agent as directed by AGR MATTHEY in writing) in accordance with Clause 7 so that after the deposit of cash, provision of the further Bank Standby Letter of Credit and/or sell back of Gold in accordance with Clause 7, the aggregate Market Value of the Fine Metal Delivered does not exceed ninety five percent (95%) of the Guaranteed Sum.

Margin Payment. 1If the Client is a Business Client and at any time Moneycorp Bank requires the Client to provide additional Margin to Moneycorp Bank, or any Margin where no initial Margin has been required, in excess of £50,000 in accordance with clauses 7.1 to 7.5, the Client must do so in immediately accessible funds by 17.00 Gibraltar time on the Business Day on which Moneycorp Bank gives notification of the additional Margin requirement, provided that such notification is given before 12.00 noon Gibraltar time on such Business Day. If notification of an additional Margin requirement is given after 12:00 noon Gibraltar time, the Client must provide the funds by 12:00 noon Gibraltar time on the next Business Day. If at any time Moneycorp Bank requires the Client to provide additional Margin to Moneycorp Bank, or Margin where no initial Margin has been required, up to and including £50,000, in accordance with clauses 7.1 to 7.5, the Client must do so in immediately accessible funds by 17.00 Gibraltar time on the Business Day following the day on which Moneycorp Bank gives notification of the additional Margin requirement, provided such notification is given before 12.00 noon Gibraltar time. If notification of an additional Margin requirement is given after 12:00 noon Gibraltar time the Client must provide the funds by 12.00 noon Gibraltar time on the second Business Day after notification of the additional Margin requirement.

Margin Payment. In the event that (i) AB does not submit a Make Good PO to order an amount of Products such that the MGPO Aggregate Purchase Price for such ordered Products is at least equal to the difference between (A) the Adjusted Contract Year Purchase Minimum for Contract Year Three and (B) the Aggregate Purchase Price for Products purchased by AB during Contract Year Three or (ii) Section 7.2(b) prohibits AB from submitting such a Make Good PO, on or prior to thirty (30) days after the end of Contract Year Three, AB shall pay to ▇▇▇▇▇▇ an amount equal to [OMITTED MATERIAL] (such amount, the “Margin Payment”) where: P = [OMITTED MATERIAL] Q = [OMITTED MATERIAL] R = [OMITTED MATERIAL]

Margin Payment. For the period commencing January 1, 2003 through and including December 31, 2005 (except as set forth otherwise herein) (the "Margin Payment Period"), Buyer shall pay to Seller (or Seller's designee) on a monthly basis in immediately available funds, by wire transfer to an account designated by Seller, an amount (each such amount, a "Margin Payment") equal to (I) the Gasoline Margin Payment for such month, plus (II) the Heating Oil Margin Payment for such month, plus (III) any portion of any previous Margin Payment (including any interest accrued thereon) that remains unpaid; provided, however, that Buyer's total Margin Payments under this Agreement shall not exceed Twenty Five Million Dollars ($25,000,000) (excluding interest paid, if any, by Buyer to Seller as a result of Buyer's failure to make payment when due on any Margin Payment), and the Margin Payment Period shall expire upon Buyer's payment of such amount. Buyer's obligation to pay each Margin Payment when due shall not be conditioned upon or related in any way to the performance of the Business or any other businesses of the Buyer, Buyer's operation thereof, the condition of the Purchased Assets or Buyer's ownership of the Purchased Assets. (i) For purposes of this Section 3(e), the "Gasoline Margin Payment" in any month shall equal an amount determined by multiplying (x) 10,000 by (y) the amount by which the Actual Gasoline Margin exceeds $5.500 per barrel by (z) the number of days in the month. For purposes of this Section 3(e), the "Heating Oil Margin Payment" in any given month shall equal an amount determined by multiplying (x) 10,000 by (y) the amount by which the Actual Heating Oil Margin exceeds $4.000 per barrel by (z) the number of days in the month. (ii) For purposes of this Section 3(e), the "Actual Gasoline Margin" shall be an amount equal to (a) the average amount per barrel of the near month unleaded gasoline contract quoted on the New York Mercantile Exchange for each day of the month on which such contract is quoted, measured at settlement less (b) the average amount per barrel of the near month light sweet crude oil contract quoted on the New York Mercantile Exchange for each day of the month on which such contract is quoted, measured at settlement. For purposes of this Section 3(e), the "Actual Heating Oil Margin" shall be an amount equal to (a) the average amount per barrel of the near month heating oil contract quoted on the New York Mercantile Exchange for each day of the ...