The Service. The Service consists of: (i) the purchase of U.S. Treasury securities with Available Cash from Customer’s Account; and (ii) actions taken from time to time with respect to such U.S. Treasury securities by MS&Co., each as instructed and authorized by Customer in accordance with the terms of this Agreement, as further set forth below. The term “Available Cash” means the amount of any excess equity in the form of cash in the Account, which would, consistent with Applicable Law, be available on demand for withdrawal or transfer in accordance with Customer’s instructions.
Appears in 24 contracts
Samples: Securities Purchase Authorization Agreement (Morgan Stanley Smith Barney Spectrum Strategic Lp), Securities Purchase Authorization Agreement (Managed Futures Premier BHM L.P.), Securities Purchase Authorization Agreement (Westport Futures Fund L.P.)
