Common use of Release of Excess Margin Clause in Contracts

Release of Excess Margin. XX Xxxxxx shall comply with your written request to release Margin to you or to a third party, to the extent that after giving effect to such release, (i) you are in compliance with all of your Activities and agreements with XX Xxxxxx and (ii) after such release, all of your Activities and Obligations will be collateralized in an amount not less than the amount required by Applicable Laws any applicable Governing Agreement and this Agreement. Margin available for release shall be reduced by the amount of any outstanding margin calls under any Activity.

Appears in 10 contracts

Samples: Institutional Account Agreement, Institutional Account Agreement (LV Futures Fund L.P.), Institutional Account Agreement (Ceres Tactical Currency L.P.)

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Release of Excess Margin. XX Xxxxxx shall comply with your written request to release Margin to you or to a third party, to the extent that after giving effect to such release, (i) you are in compliance with all of your Activities and agreements with XX Xxxxxx and (ii) after such release, all of Prepared by BP for MM from your Activities and Obligations will be collateralized in an amount not less than the amount required by Applicable Laws any applicable Governing Agreement and this Agreement. Agreement Margin available for release shall be reduced by the amount of any outstanding margin calls under any Activity.

Appears in 1 contract

Samples: Account Agreement (Global Indemnity PLC)

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