Common use of Deposit of Collateral by Customer Clause in Contracts

Deposit of Collateral by Customer. Broker shall notify Customer (or Customer’s agent) in an Advice when the value (or type and/or amount, if applicable) of Collateral on deposit in the Special Custody Account is inadequate to secure Customer’s Secured Obligations related thereto. Upon an Advice from Broker that the value (or type and/or amount, if applicable) of the Collateral in the Special Custody Account is less than the Adequate Margin for such Secured Obligations related thereto, Customer shall promptly deposit therein additional Collateral with a value sufficient to remedy such deficiency.

Appears in 2 contracts

Samples: Special Custody Account Pledge and Control Agreement (Monteagle Funds), Special Custody Account Pledge and Control Agreement (Capitol Series Trust)

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Deposit of Collateral by Customer. Broker shall notify Customer (or Customer’s agent) in an Advice when the value (or type and/or amount, if applicable) of Collateral on deposit in the Special Custody Account is inadequate to secure Customer’s 's Secured Obligations related theretoObligations. Upon an Advice from Broker that the value (or type and/or amount, if applicable) of the Collateral in the Special Custody Account is less than the Adequate Margin for such Secured Obligations related theretoObligations, Customer shall promptly deposit therein additional Collateral with a value sufficient to remedy such deficiency.

Appears in 1 contract

Samples: Special Custody Account Agreement (Hillview Investment Trust Ii)

Deposit of Collateral by Customer. Broker shall notify Customer (or Customer’s agent) in an Advice when the value (or type and/or amount, if applicable) of Collateral on deposit in the any Special Custody Account is inadequate to secure Customer’s 's Secured Obligations related thereto. Upon an Advice from Broker that the value (or type and/or amount, if applicable) of the Collateral in the any Special Custody Account is less than the Adequate Margin for such Secured Obligations related theretoObligations, Customer shall promptly deposit therein additional Collateral with a value sufficient to remedy such deficiency.

Appears in 1 contract

Samples: Special Custody Account Agreement (Hillview Investment Trust Ii)

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Deposit of Collateral by Customer. Broker shall notify Customer (or Customer’s agent) in an Advice when the value (or type and/or amount, if applicable) of Collateral on deposit in the Special Custody Account is inadequate to secure Customer’s Secured Obligations related theretoObligations. Upon an Advice from Broker that the value (or type and/or amount, if applicable) of the Collateral in the Special Custody Account is less than the Adequate Margin for such Secured Obligations related theretoObligations, Customer shall promptly deposit therein additional Collateral with a value sufficient to remedy such deficiency.

Appears in 1 contract

Samples: Special Custody Account Agreement (Hillview Investment Trust Ii)

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