Adequate Margin definition

Adequate Margin means Collateral having such value as is adequate, in Broker’s judgment under the Margin Rules and the internal policies of Broker, to secure the Secured Obligations.

Adequate Margin in respect of short sales shall mean such collateral as is adequate in Broker's reasonable judgment under the Margin Rules and the internal policies of Broker, the latter of which shall be subject to modification by Broker in its sole and absolute discretion upon prior notice given orally to Customer and Bank.

Adequate Margin means such Eligible Collateral as is adequate in Broker's judgment under the Margin Rules and the internal policies of Broker. For purposes hereunder, Eligible Collateral shall be valued by Broker at Broker's sole discretion.

Examples of Adequate Margin in a sentence

• Upon Advice that the value (so determined) of the Eligible Assets in the Special Custody Account(s) is less than the Adequate Margin for the Secured Obligations, Customer shall promptly deposit therein additional Eligible Assets with a value (so determined) sufficient to remedy such deficiency.

• Upon the request of Customer, Broker shall Advise Custodian and Customer of any Collateral in any Special Custody Account in excess of the Adequate Margin then required for the Secured Obligations.

• Customer shall insure that the value (as from time to time determined by Broker in its judgment exercised in good faith and notified by Broker to Customer) of all Eligible Assets from time to time on deposit in the Special Custody Account(s) is at least equal to the Adequate Margin for the Secured Obligations (as from time to time determined by Broker in its judgment exercised in good faith and notified by Broker to Customer).

• Upon the request of Customer, an item or items of Collateral in a Special Custody Account may be returned to Customer upon the deposit by Customer of additional Eligible Assets into such Special Custody Account so as to maintain the value (as determined by Broker as provided in Section 2(a)) of the Eligible Assets in such Special Custody Account to that which is at least equal to Adequate Margin for the Secured Obligations (as determined by Broker as provided in Section 2(a)).

• Customer shall deposit Collateral, as required by Broker to meet Adequate Margin requirements, into the Special Custody Account.

More Definitions of Adequate Margin

Adequate Margin in respect of transactions in securities shall mean such Eligible Collateral (as hereinafter defined) as is adequate under applicable laws, rules and regulations (including Regulation T of the Board of Governors of the Federal Reserve System and Rule 431 of the New York Stock Exchange Inc.) and the internal policies of CSSU. For purposes hereunder, eligible collateral shall be valued by CSSU in a commercially reasonable manner.

Adequate Margin in respect of transactions in Options shall mean such Collateral as is adequate under applicable law, regulations (including said Regulations X and T) and the internal policies of Broker. "Advice from Broker" or "Advice" means a written notice sent to Customer and Bank or transmitted by a facsimile sending device, except that Advices for initial or additional collateral may be given orally. In the event of a purchase or sale transaction, or the exercise of an Option, the Advice from Broker shall mean a standard confirmation in use by Broker and sent or transmitted to Customer and bank. With respect to substitutions or releases of Collateral, Advice from Broker means a written notice signed by an official of the operations department of Broker and sent or transmitted to Customer and Bank. When used herein, the term "Advise" shall refer to a communication involving an Advice from Broker. An authorized person of Broker will certify to Bank the names and signatures of those persons authorized to sign Advices from broker, which certification may be amended from time to time. "Closing Transaction" is a transaction in which Customer purchases an Option of the same Series as an Option previously written by it or in which Customer sells an Option of the same Series as an Option previously purchased by it. "Collateral" shall mean cash or U.S. Government securities or other securities acceptable to Broker. "Instructions from Customer" or "Instructions" means a request, direction or certification in writing signed in the name of Customer and delivered to Bank or transmitted by a facsimile sending device. An officer of Customer will certify to

Adequate Margin means Collateral having such value as is adequate, under the Margin Rules and in accordance with the policies of NFS, to secure the Secured Obligations. For purposes of this definition, Collateral shall be valued by NFS, as specified in Section 2(d) below.

Adequate Margin means such Collateral as is adequate in Broker's judgment under the Margin Rules and the internal policies of Broker. For purposes hereunder, Collateral shall be valued by Broker at current market value.

Adequate Margin means Collateral having such value as is adequate in Broker’s judgment, under the Margin Rules and in accordance with the internal policies of Broker, to secure the Secured Obligations. For purposes of this definition, Collateral shall be valued by Broker as specified in Section 2(d) below. Notwithstanding the foregoing, at no time is the Broker permitted to borrow such Fund’s holdings or leverage such Fund’s holdings in a manner which would violate the Fund’s investment restriction as established by the Fund’s Board of Trustees or as required pursuant to applicable rules and regulations set forth under the Investment Company Act of 1940 and applicable state law as such exits.

Adequate Margin means such Collateral as is required by the Listed Options Agreement and the ancillary agreements related thereto, including the Customer’s Agreement (Margin Account).

Adequate Margin in respect of transactions in securities shall mean such Collateral (as hereinafter defined) as is adequate to collateralize an extension of credit, including a loan of securities for purposes of effecting a Short Sale, under applicable laws, rules and regulations, including Regulation T of the Board of Governors of the Federal Reserve System ("Regulation T"), Rule 431 of the NYSE, and the internal policies of Merrill Lynch.