Common use of MARGIN RATES Clause in Contracts

MARGIN RATES. If you havea 2-for-1 Demand Loan as set out in the Loan Application, you are required to maintain sufficient Collateral in the Collateral Account on a mark-to-market basis, from time to time, in an amount such that the outstanding Principal Amount and accrued interest do not exceed the market value of the Collateral calculated using the margin rate(s) we have determined. We may change any margin rate at any time without notice to you.

Appears in 1 contract

Sources: Loan and Security Agreement

MARGIN RATES. If you havea 2-for-1 Demand Loan as set out in the Loan Application, you are required to maintain sufficient Collateral in the Collateral Account on a mark-to▇▇▇▇-to-market basis, from time to time, in an amount such that the outstanding Principal Amount and accrued interest do not exceed the market value of the Collateral calculated using the margin rate(s) we have determined. We may change any margin rate at any time without notice to you.

Appears in 1 contract

Sources: Loan and Security Agreement