Examples of Xxxxxx Entity in a sentence
Each XX Xxxxxx Entity is authorized to transfer or request the transfer of Margin or property, including cash, to or from any other XX Xxxxxx Entity to satisfy any of your Obligations under any master repurchase agreement or securities lending agreement, including forms of such agreements is published by the Bond Market Association (“BMA”), BMA and the International Securities Market Association (“ISMA”), and the International Securities Lenders Association (“ISLA”).
Upon any such permitted Xxxxxx Assignment, the references in this Agreement to Purchaser shall also apply to any such Xxxxxx Entity to the extent such references pertain to the Xxxxxx Assets unless the context otherwise requires.
All Margin is held as Margin by each XX Xxxxxx Entity both for itself as a secured party and as agent and bailee of each other XX Xxxxxx Entity, and each XX Xxxxxx Entity acknowledges that it is so acting and that it is on notice of the security interest you have granted to each other XX Xxxxxx Entity.
In addition to any other margin or collateral requirements of any XX Xxxxxx Entity with respect to specific Activities, you shall maintain at all times with XX Xxxxxx cash or securities acceptable to XX Xxxxxx in its sole discretion in an amount not less than $ as Margin in connection with Clearing Transactions.
Any such repurchase transaction shall be subject to the terms of the Master Repurchase Agreement entered between you and X.X. Xxxxxx Securities LLC, or other XX Xxxxxx Entity, and you agree to be bound by its terms, which include, without limitation, the rate, term, margin amounts and securities types, as you will be notified pursuant to a separate confirmation of trade provided to you, and as set forth in a daily account statement provided to you.