Margin Financing Facilities definition
Examples of Margin Financing Facilities in a sentence
The Client shall maintain the Margin and on demand from OPSL make payments or deposits of additional Margin in such amount and in such form into a designated account and within such time limit as specified by OPSL, as OPSL in its absolute discretion determines necessary to provide adequate security in respect of the Margin Percentage and the Margin Financing Facilities (“Margin Call”).
The facility limit of the Margin Financing Facilities shall be as determined and advised by the Broker from time to time.
A roll-over shall be deemed a fresh drawing under the Margin Financing Facilities on the date of the roll-over.
The Broker is authorized by the Client to draw on the Margin Financing Facilities to settle any amount owing to the Broker (including but not limited to money relating to Client’s purchase of securities, payment of any commission, expenses or any other costs).
A certificate or statement which may be issued by the Broker (at any and all relevant times) as to the amount due and payable by the Client to the Broker, (under the Margin Financing Facilities or otherwise under the Agreement) shall be conclusive and binding on the Client, in the absence of manifest error.
The Client shall maintain the Margin and on demand from TCCS make payments or deposits of additional Margin in such amount and in such form into a designated account and within such time limit as specified by TCCS, as TCCS in its absolute discretion determines necessary to provide adequate security in respect of the Margin Percentage and the Margin Financing Facilities (“Margin Call”).
The Broker is entitled (by notice to the Client) to increase or reduce the facility limit of Margin Financing Facilities or terminate Margin Financing Facilities or refuse to make any advance under the Margin Financing Facilities (regardless of whether there is any remaining facility limit) or to demand immediate payment of all or any moneys and amounts (including but not limited to principal, interests or any other sums) owing by the Client in respect of the Margin Financing Facilities or otherwise.
The Client shall maintain the Margin deposit as may be required by our Broker from time to time, and the Client shall make payments or deposits of the required additional margin deposits (from time to time), in such amount, form and time frame as may be determined by our Broker (at its sole and absolute discretion as the Broker considers necessary from time to time) to provide security for the Margin Financing Facilities.
The Client’s account shall be a margin account whenever Margin Financing Facilities is granted and applicable to the Client’s account.