Examples of Equivalent Margin Securities in a sentence
Subject to sub-paragraph (d) below, the Member shall be deemed to repeat the representation and warranty in sub-paragraph (a) on each day on which Securities, Equivalent Securities, Margin Securities, Equivalent Margin Securities or Cash Margin are to be transferred or provided under the Transaction, and on each day on which the RBA is required to pay interest on Cash Margin to the Member.
In particular, paragraph 5(b)(ii) will provide for the transfer of Equivalent Margin Securities to the transferor if the transferor has given a notice to the transferee under paragraph 5(b)(iii) and provided the transferee with appropriate additional information.
For the avoidance of doubt, the amount payable pursuant to Paragraph 10(c) of the Agreement cannot be calculated until the Default Market Values of all of the Equivalent Securities and any Equivalent Margin Securities under each Transaction can be calculated.
As such, the payment under paragraph 10(c)(ii) will be delayed until the latest date on which the Default Market Value has been determined with respect to any such Equivalent Securities and any Equivalent Margin Securities.
The parties shall execute and deliver all necessary documents and take all necessary steps to procure that all right, title and interest in any Purchased Securities, any Equivalent Securities, any Margin Securities and any Equivalent Margin Securities shall pass to the party to which transfer is being made upon transfer of the same in accordance with this Agreement, free from all liens, claims, charges and encumbrances.
Where collateral is to be delivered in the form of margin securities, they shall be either Equivalent Margin Securities or margin securities having value characteristics higher than the underlying repo security or as reasonably acceptable to the counterpart.
Where Seller or Buyer becomes obliged under sub paragraph (a) above to make a Margin Transfer, it shall transfer Cash Margin or Margin Securities or Equivalent Margin Securities within the minimum period specified in Annex I hereto or, if no period is there specified, such minimum period as is customarily required for the settlement or delivery of money, Margin Securities or Equivalent Margin Securities of the relevant kind.
Similarly, the transfer of cash and securities by way of Margin pursuant to paragraph 4 of the Agreement would be recognised by a court in India as a transfer of absolute title in the assets transferred with an obligation on the transferee to repay Cash Margin, deliver Equivalent Margin Securities or a Cash Equivalent Amount as appropriate.
Similarly, the transfer of cash and securities by way of Margin pursuant to paragraph 4 of the GMRA would be recognised by a court in Israel as a transfer of absolute title in the assets transferred with an obligation on the transferee to repay Cash Margin or deliver Equivalent Margin Securities as appropriate.
The laws relating to recharacterisation of title transfer transactions under British Virgin Islands law may be summarised as follows: 4 Similarly, the transfer of Cash Margin and Margin Securities by way of margin pursuant to paragraph 4 of the GMRA would be recognised by a court in the British Virgin Islands as a transfer of absolute title in the assets transferred with an obligation on the transferee to repay Cash Margin or deliver Equivalent Margin Securities, as appropriate.