Covered Amount Repayable upon demand. Pershing shall have the right to require Client to repay the Covered Amount (or any portion thereof)at any time. At any time, Pershing may (i) require Client to repay any outstanding Net Debit Balance upon demand, (ii) modify the Margin Methodology without prior notice, and (iii) adjust the rates, fees and charges applicable to Client without prior notice.
Appears in 4 contracts
Samples: Credit Agreement for Margin Financing (RiverNorth Managed Duration Municipal Income Fund, Inc.), Credit Agreement for Margin Financing (RiverNorth Flexible Municipal Income Fund, Inc.), Credit Agreement for Margin Financing (RiverNorth Opportunistic Municipal Income Fund, Inc.)
