Minimum Net Equity. If Customer fails to maintain in its Accounts cash and securities with a ready market in an amount equal to or exceeding the minimum net equity required for prime brokerage customers under the SEC Letter for Customer (the “Minimum Net Equity”), and Customer does not bring its Accounts into compliance after notice from BNPP PB in accordance with Applicable Law,
Appears in 1 contract
Minimum Net Equity. If Customer fails to maintain in its Accounts cash and securities with a ready market in an amount equal to or exceeding the minimum net equity required for prime brokerage customers under the SEC Letter for Customer (the “Minimum Net Equity”), and Customer does not bring its Accounts into compliance after notice from BNPP PB in accordance with Applicable Law,brokerage
Appears in 1 contract
Sources: u.s. Prime Brokerage Agreement (Sterling Capital Funds)
Minimum Net Equity. If Customer fails to maintain in its Accounts cash and securities with a ready market in an amount equal to or exceeding the minimum net equity required for prime brokerage customers under the SEC Letter for Customer (the “Minimum Net Equity”), and Customer does not bring its Accounts into compliance after notice from BNPP PB in accordance with Applicable Law,notice
Appears in 1 contract
Sources: u.s. Pb Agreement (Nexpoint Real Estate Strategies Fund)
Minimum Net Equity. If Customer fails to maintain in its Accounts cash and securities with a ready market in an amount equal to or exceeding the minimum net equity required for prime brokerage customers under the SEC Letter for Customer (the “Minimum Net Equity”), and Customer does not bring its Accounts into compliance after notice from BNPP PB in accordance with Applicable Law,the
Appears in 1 contract