Power of appropriation Sample Clauses

Power of appropriation. To the extent that any of the margin constitutes "financial collateral" and this Agreement and your obligations hereunder constitute a "security financial collateral arrangement" under the Regulations, we shall have the right to appropriate all or any part of such financial collateral in or towards discharge of the Secured Obligations. For this purpose, you agree that the value of such financial collateral so appropriated shall be the amount of the margin, together with any accrued but unposted interest, at the time the right of appropriation is exercised. The parties further agree that the method of valuation provided for in this Agreement shall constitute a commercially reasonable method of valuation for the purposes of the Regulations.
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Power of appropriation. You further agree that, to the extent that any of the Margin you provide us with under these Terms and Conditions constitutes “financial collateral” and this Agreement and your obligations hereunder constitute a “security financial collateral arrangement”, we shall have the right to appropriate all or any part of such ‘financial collateral’ in or towards discharge of any Secured Obligations. For these purposes, you agree that the value of such ‘financial collateral’ so appropriated shall be the amount of the Margin, together with any accrued but un-posted interest, at the time the right of appropriation is exercised. It is further agreed and understood that the method of valuation provided for in this Agreement shall constitute a commercially reasonable method of valuation for the purposes hereof.
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Power of appropriation. You further agree that, to the extent that any of the Margin you provide us with under these Terms and Conditions constitutes “financial collateral” free of any adverse interest of yours or any other person, we shall have the right to appropriate all or any part of such financial collateral in or towards discharge of any Secured Obligations. For this purpose, you agree that the value of such financial collateral so appropriated shall be the amount of the margin, together with any accrued, but un-posted interest, at the time the right of the appropriation is exercised. You further acknowledge and agree that the method of valuation provided for in this Agreement shall be deemed to constitute a commercially reasonable method of valuation for the purposes hereof.
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Power of appropriation. To the extent that any of the margin constitutes "financial collateral" and this Agreement and the Client’s obligations here under constitute a "security financial collateral arrangement" under the Regulations, APM shall have the right to appropriate all or any part of such financial collateral in or towards discharge of the Secured Obligations. For this purpose, the Client agree that the value of such financial collateral so appropriated shall be the amount of the margin, together with any accrued but unposted interest, at the time the right of appropriation is exercised. The parties further agree that the method of valuation provided for in this Agreement shall constitute a commercially reasonable method of valuation for the purposes of the Regulations.
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Power of appropriation. You further agree that, to the extent that any of the Margin you provide us with under these Terms and Conditions constitutes “financial collateral” within the meaning of Section 4(2) of the “Financial Collateral Law”, and this Agreement and your obligations hereunder constitute either a “title transfer financial collateral arrangement” or a "security financial collateral arrangement" (in each case as defined in, and for the purposes of, Section 4(2) of the “Financial Collateral Law”), free of any adverse interest of yours or any other person, we shall have the right to appropriate all or any part of such financial collateral in or towards discharge of any Secured Obligations. For this purpose, you agree that the value of such financial collateral so appropriated shall be the amount of the margin, together with any accrued, but un-posted interest, at the time the right of the appropriation is exercised. You further acknowledge and agree that the method of valuation provided for in this Agreement shall be deemed to constitute a commercially reasonable method of valuation for the purposes hereof.
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Power of appropriation. 21.1 In order to exercise the statutory power of appropriation under section 41 of the Administration of Estates Act 1925, the consent of the beneficiary is required. Where possible, clause 21.2 below removes the need for the executor or administrator to obtain the consent of the beneficiary.
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Power of appropriation. THE Trustees shall have power in their absolute discretion to appropriate any part of the Trust Fund in its then actual condition or state of investment in or towards satisfaction of any interest or share in the Trust fund as may in all the circumstances appear to them to be just and reasonable and for the above purposes from time to time to place such value on any or all investments or other property as they shall in their absolute discretion think fit.
Sample 1
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Power of appropriation. To the extent that any of the margin constitutes "financial collateral" and this Agreement and your obligations hereunder constitute a "security financial collateral arrangement" under the TEL: +000 00 000 000 FAX: +000 00 000 000 EMAIL: xxxxxxx@xxxxxxxxxx.xxx WEB: xxx.xxxxxxxxxx.xxx AUTHORIZED AND REGULATED BY THE CYPRUS SECURITIES AND EXCHANGE COMISSION LICENSE №: 191/13 | REGISTRATION NUMBER: HE310464 Regulations, we shall have the right to appropriate all or any part of such financial collateral in or towards discharge of the Secured Obligations. For this purpose, you agree that the value of such financial collateral so appropriated shall be the amount of the margin, together with any accrued but unposted interest, at the time the right of the appropriation is exercised. The parties further agree that the method of valuation provided for in this Agreement shall constitute a commercially reasonable method of valuation for the purpose of the Regulations.
Sample 1
Power of appropriation. To the extent that any of the margin constitutes "financial collateral" and this Agreement and the Client’s obligations here under constitute a "security financial collateral arrangement" under the Regulations, APM shall have the right to appropriate all or any part of such financial collateral in or towards discharge of the Secured Obligations. For this purpose, the Client agree that the value of such financial collateral so appropriated shall be the amount of the margin, together with any accrued but unposted interest, at the time the right of appropriation is exercised. The parties further agree that the method of valuation provided for in this Agreement shall constitute a commercially reasonable method of valuation for the purposes of the Regulations. Rehypothecation: The Client agrees and authorises APM to borrow, lend, appropriate, dispose of or otherwise use for APM’s own purposes, from time to time, all non-cash margin accepted by APM from the Client and, to the extent that APM does, APM acknowledges that the relevant non-cash margin will be transferred to a proprietary account belonging to APM (or to any other account selected by APM from time to time) by way of absolute transfer and such margin will become the absolute property of APM’s (or that of APM transferee) free from any security interest under this Agreement and from any equity, right, title or interest of the Client’s. Upon any such rehypothecation by APM the Client will have a right against APM for the delivery of property, cash, or securities of an identical type, nominal value, description and amount to the rehypothecated non- cash margin, which, upon being delivered back to the Client, will become subject to the provisions of this Agreement. APM agrees to credit to the Client, as soon as reasonably practicable following receipt by APM, and as applicable, a sum of money or property equivalent to (and in the same currency as) the type and amount of income (including interest, dividends or other distributions whatsoever with respect to the non-cash margin) that would be received by the Client in respect of such non-cash margin assuming that such non-cash margin was not rehypothecated by APM and was retained by the Client on the date on which such income was paid.
Sample 1

Related to Power of appropriation

  • Authorization of appropriations There are authorized to be appropriated such sums as are necessary to carry out this section.

  • Appropriations Until all amounts which may be or become payable by the Obligors under or in connection with the Finance Documents have been irrevocably paid in full, each Finance Party (or any trustee or agent on its behalf) may:

  • Appropriation Funding under this Agreement is conditional upon an appropriation of moneys by the Legislature of Ontario to the MOHLTC and funding of the LHIN by the MOHLTC pursuant to LHSIA. If the LHIN does not receive its anticipated funding the LHIN will not be obligated to make the payments required by this Agreement.

  • Limit of Appropriation 4.1 Consultant clearly understands and agrees, such understanding and agreement being of the absolute essence of this Agreement, that County shall have available the total maximum sum of three hundred thousand dollars and no/100 ($300,000.00), specifically allocated to fully discharge any and all liabilities County may incur.

  • Fiscal Appropriations This Contract is subject to and contingent upon available local, state, and/or federal funds and applicable budgetary appropriations being approved by the County of Orange Board of Supervisors for each fiscal year during the term of this Contract. If such appropriations are not approved, the Contract will be terminated, without penalty to the County.

  • Annual Appropriation Pursuant to section 287.0582, F.S., if the Contract binds the State of Florida or an agency for the purchase of services or tangible personal property for a period in excess of one fiscal year, the State of Florida’s performance and obligation to pay under the Contract is contingent upon an annual appropriation by the Legislature.

  • Non-Appropriation If this Agreement extends into more than one fiscal year of the State (July 1 to June 30), and if appropriations are insufficient to support this Agreement, the State may cancel at the end of the fiscal year, or otherwise upon the expiration of existing appropriation authority. In the case that this Agreement is a Grant that is funded in whole or in part by Federal funds, and in the event Federal funds become unavailable or reduced, the State may suspend or cancel this Grant immediately, and the State shall have no obligation to pay Subrecipient from State revenues.

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