Margin Position Sample Clauses

Margin Position. 5.1 The Customer shall maintain at all times the level of margin position ("Margin Position"), which for the purposes of this Agreement shall mean the aggregate Marginable Value of the Collateral, being equal to or more than the aggregate amount outstanding under the Margin Facilities. Without prejudice to the other rights of FSL and the obligations of the Customer under this Agreement, if at any time, the Margin Position shall be less than such amount outstanding and notified by FSL to the Customer from time to time, the Customer shall forthwith upon demand from FSL transfer or otherwise deposit with FSL additional Securities to be Charged in favor of FSL pursuant to the terms of this Agreement to form part of the Charged Securities or, alternatively, deposit cash in the Margin Account to satisfy such requirement of FSL or to reduce the aggregate amount outstanding under the Margin Facilities to a level satisfactory to FSL. 5.2 (a) Without prejudice to Clause 35 of Section I of these Terms and Conditions, if at any time the Margin Position shall fall below the amount outstanding under the Margin Facilities and the Customer fails to transfer or otherwise deposit additional Securities to be charged in favor of FSL to form part of the Charged Securities or pay sufficient cash into the Margin Account to reduce the aggregate amount outstanding under the Margin Facilities so as to maintain the Margin Position equal to or more than the amount outstanding under Margin Facilities immediately upon receipt of FSL's request to do so, FSL may without demand, notice, legal process or other action at any time thereafter terminate the Margin Facilities and sell, realise, redeem or liquidate, as appropriate, such of the Charged Securities or any part thereof as FSL in its absolute discretion thinks fit, free from all trusts, claims, rights of redemption and equities of the Customer; and