Common use of Client undertakes Clause in Contracts

Client undertakes. 2.2.1 at all times to maintain the level of margin specified in the Facility Letter or any other level of margin determined by SHKOS from time to time (“Margin”), either by paying to SHKOS sufficient monies or by depositing (or procuring the deposit of) sufficient securities with SHKOS; and 2.2.2 forthwith upon demand to pay to SHKOS such sum, in cleared funds, in cash and/or deliver to SHKOS such additional securities as additional or substituted security for the Liabilities; and, for the avoidance of doubt, any securities deposited with or delivered to SHKOS under this clause shall form part of the Margin Securities.

Client undertakes. 2.2.1 at all times to maintain the level of margin specified in the Facility Letter or any other level of margin determined by SHKOS SHKIS from time to time (“Margin”), either by paying to SHKOS SHKIS sufficient monies or by depositing (or procuring the deposit of) sufficient securities with SHKOSSHKIS; and 2.2.2 forthwith upon demand to pay to SHKOS SHKIS such sum, in cleared funds, in cash and/or deliver to SHKOS SHKIS such additional securities as additional or substituted security for the Liabilities; and, for the avoidance of doubt, any securities deposited with or delivered to SHKOS SHKIS under this clause shall form part of the Margin Securities.