Common use of Omnibus Account Clause in Contracts

Omnibus Account. To further assure Broker's performance of its obligations under this Agreement, including but not limited to its indemnification obligations under Paragraph 7, Broker shall on or before the execution of this Agreement, establish an account at SLK to be designated as Broker's Omnibus Account (the "Account"). The Account shall at all times contain cash, securities, or a combination of both, having a market value of [***], Broker shall be paid interest on the cash balances in the Account at the rate of 100 basis points below the Fed Funds target rate. The Account may be used by Broker to trade securities on a proprietary basis.

Omnibus Account. To further assure Broker's performance of its obligations under this Agreement, including but not limited to its indemnification obligations under Paragraph 7, Broker shall on or before the execution of this Agreement, establish an account at SLK to be designated as Broker's Omnibus Account (the "Account"). The Account shall at all times contain cash, securities, or a combination of both, having a market value of $[***], Broker shall be paid interest on the cash balances in the Account at the rate of 100 basis points below the Fed Funds target rate. The Account may be used by Broker to trade securities on a proprietary basis.

Omnibus Account. To further assure Broker's performance of its obligations under this Agreement, including but not limited to its indemnification obligations under Paragraph 7, Broker shall on or before the execution of this Agreement, establish an account at SLK to be designated as Broker's Omnibus Account (the "Account"). The Account shall at all times contain cash, securities, or a combination of both, having a market value of $[***], Broker shall be paid interest on the cash balances in the Account at the rate of 100 basis points below the Fed Funds target rate. The Account may be used by Broker to trade securities on a proprietary basis. 8b.

Omnibus Account. To further assure Broker's performance of its obligations under this Agreement, including but not limited to its indemnification obligations under Paragraph 7, Broker shall on or before the execution of this Agreement, establish an account at SLK to be designated as Broker's Omnibus Account (the "Account"). The Account shall at all times contain cash, securities, or a combination of both, having a market value of [***], Broker shall be paid interest on the cash balances in the Account at the rate of 100 basis points below the Fed Funds target rate. The Account may be used by Broker to trade securities on a proprietary basis. 8b.

Omnibus Account. To further assure Broker's performance of its obligations under this Agreement, including but not limited to its indemnification obligations under Paragraph 76, Broker shall shall, on or before the execution of this Agreement, establish an account at SLK to be designated as the Broker's Omnibus Account (the "Account"). The Account shall at all times contain cash, securities, or a combination of both, having a market value of [***], $ 0. Broker shall be paid interest on the cash balances in the Account at the rate of 100 basis points below the Fed Funds target Broker Call rate. The Account may be used by Broker to trade securities on a proprietary basis.