Deposits and Margins Sample Clauses

Deposits and Margins. 1. In addition and subject to clause 15 of the Terms, you also acknowledge that: 1. IBA may call for payment of money or the provision of other security which IBA considers, in its absolute discretion, appropriate in connection with the obligations incurred by IBA in respect of Derivative CCP Contracts entered into for your account and you must pay such amounts or provide such security. The time by which you must pay any amount called or provide security is of the essence and you must pay the amounts, or provide the relevant security immediately or otherwise within the time specified by IBA from time to time, and if no other time is stipulated by IBA then you are required to comply within twenty­four (24) hours. (1) (i); ASX Clear OR S5.6] 2. You acknowledge that IBA is entitled to call for payment of money which exceeds the amount which IBA is required to provide to ASX Clear in respect of transactions in Derivatives Contracts on your behalf. Your liability for margin calls is not limited to the amount, if any, deposited with IBA. 3. IBA may, in its absolute discretion, vary its deposit or margin requirements. IBA is not obliged to apply the deposit requirement applicable of ASX Clear, provided that IBA calls the minimum deposit required by ASX Clear. 4. If you fail to meet any call or lodge collateral, then IBA may (without prejudice to any other rights or powers under the Terms) in its absolute discretion (but is not obliged to) close out, without notice, all or some of your Derivative Products. 5. You must pay in cash any deficit owning to IBA after close out of Derivative Products for whatever reason. If you do not pay that deficit, IBA may (among other things) realise any Financial Products held or otherwise controlled by IBA and apply the proceeds against that deficiency, and you irrevocably authorise IBA to take such action as is necessary to give effect to this clause. 6. You agree to indemnify IBA against any obligation it may have (in respect of a Derivative Product entered into on your account) to pay any amount to ASX Clear or any other person as a deposit or margin.
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Deposits and Margins. The Client agrees and acknowledges that: 21.1 Rivkin Securities may call the Client for a deposit or margin and such calls may be for the payment of money, or if Rivkin Securities so agrees, the lodgment of property in lieu of money, in such amount as determined by Xxxxxx Securities in its sole discretion, feels is necessary to protect itself from the personal obligation incurred by dealing in the financial products on behalf of the Client; 21.2 the Client will comply with and meet all such calls by paying the sum requested or lodging the property agreed within the time specified by Rivkin Securities; 21.3 Rivkin Securities may, in its discretion, request the Client to make all margin and deposit payments with respect to any financial product transactions directly to our agents and service providers affiliated with Rivkin Securities. Xxxxxx Securities agrees that any payments made by the client to such affiliate agent and service provider of Xxxxxx Securities pursuant to such a request will satisfy the Client’s obligation to make payments to Rivkin Securities; 21.4 liability for a deposit or margin arises at the time it is executed irrespective of the time at which any call is made, and such liability is not limited to the amount, if any, deposited with Xxxxxx Securities; 21.5 Xxxxxx Securities reserves the right whenever it deems appropriate to raise or lower the margin or deposit requirements, which may apply to existing positions as well as to new positions; and 21.6 the Client is responsible to pay any deficit owing to Xxxxxx Securities after closure, and if the Client defaults or refuses such payment, Rivkin Securities may apply the proceeds of any assets held by Rivkin Securities against that deficit. 21.7 Understand and acknowledge that Rivkin Securities reserves the right to close out the Client’s position if margin calls are not met within the time specified by Xxxxxx Securities; 21.8 Understand and acknowledge that during times of unusual market volatility, margins may be increased intra-day and margin calls may need to be met intra-day by the Client.
Sample 1
Deposits and Margins 
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Related to Deposits and Margins

  • Cash Accounts, Deposits and Money Movements Subject to the terms and conditions set forth in this Section 7, the Fund hereby authorizes the Custodian to open and maintain, with itself or with Subcustodians, cash accounts in United States Dollars, in such other currencies as are the currencies of the countries in which the Fund maintains Investments or in such other currencies as the Fund shall from time to time request by Instruction.

  • Category 2 Funds On sales of Class A shares and Class 529-A shares of Funds listed in Category 2 on the attached Schedule A that are accepted by us and for which you are responsible, you will be paid the same dealer concessions indicated above except as follows: Less than $100,000 3.00% 3.75%

  • Calculations Respecting Accrued Interest Accrued interest on any Certificate shall be calculated based upon a 360-day year consisting of twelve 30-day months and Pass-Through Rates shall be carried out to eight decimal places, rounded if necessary. All dollar amounts calculated hereunder shall be rounded to the nearest xxxxx.

  • Category 3 Funds On sales of Class A shares and Class 529-A shares of Funds listed in Category 3 on the attached Schedule A that are accepted by us and for which you are responsible, you will be paid dealer concessions as follows: Less than $500,000 2.00% 2.50% $500,000 but less than $750,000 1.60% 2.00% $750,000 but less than $1 million 1.20% 1.50% $1 million or more See below None

  • Collection Practices; Escrow Deposits; Interest Rate Adjustments The origination, servicing and collection practices used by the Seller and the Interim Servicer with respect to the Mortgage Loan have been in all respects in compliance with Accepted Servicing Practices, applicable laws and regulations, and have been in all respects legal and proper. With respect to escrow deposits and Escrow Payments, all such payments are in the possession of, or under the control of, the Seller or the Interim Servicer and there exist no deficiencies in connection therewith for which customary arrangements for repayment thereof have not been made. All Escrow Payments have been collected in full compliance with state and federal law and the provisions of the related Mortgage Note and Mortgage. An escrow of funds is not prohibited by applicable law and has been established in an amount sufficient to pay for every item that remains unpaid and has been assessed but is not yet due and payable. No escrow deposits or Escrow Payments or other charges or payments due the Seller have been capitalized under the Mortgage or the Mortgage Note. All Mortgage Interest Rate adjustments have been made in strict compliance with state and federal law and the terms of the related Mortgage and Mortgage Note on the related Interest Rate Adjustment Date. If, pursuant to the terms of the Mortgage Note, another index was selected for determining the Mortgage Interest Rate, the same index was used with respect to each Mortgage Note which required a new index to be selected, and such selection did not conflict with the terms of the related Mortgage Note. The Seller or the Interim Servicer executed and delivered any and all notices required under applicable law and the terms of the related Mortgage Note and Mortgage regarding the Mortgage Interest Rate and the Monthly Payment adjustments. Any interest required to be paid pursuant to state, federal and local law has been properly paid and credited;

  • DIR Administrative Fee A. The administrative fee to be paid by the Vendor to DIR based on the dollar value of all sales to Customers pursuant to this Contract is three-quarter of one percent (.75%). Payment will be calculated for all sales, net of returns and credits. For example, the administrative fee for sales totaling $100,000 shall be $750.00. B. All prices quoted to Customers shall include the administrative fee. DIR reserves the right to change this fee upwards or downwards during the term of this Contract, upon written notice to Vendor without further requirement for a formal contract amendment. Any change in the administrative fee shall be incorporated in the price to the Customer.

  • Remittances Generally All payments by any Lender to Agent shall be made by the time and on the day set forth in this Agreement, in immediately available funds. If no time for payment is specified or if payment is due on demand by Agent and request for payment is made by Agent by 11:00 a.m. on a Business Day, payment shall be made by Lender not later than 2:00 p.m. on such day, and if request is made after 11:00 a.m., then payment shall be made by 11:00 a.m. on the next Business Day. Payment by Agent to any Lender shall be made by wire transfer, in the type of funds received by Agent. Any such payment shall be subject to Agent’s right of offset for any amounts due from such Lender under the Loan Documents.

  • Reserve Funds, Generally (a) Borrower grants to Lender a first-priority perfected security interest in each of the Reserve Funds and any and all monies now or hereafter deposited in each Reserve Fund as additional security for payment of the Debt. Until expended or applied in accordance herewith, the Reserve Funds shall constitute additional security for the Debt. Upon the occurrence and during the continuance of an Event of Default, Lender may, in addition to any and all other rights and remedies available to Lender, apply any sums then present in any or all of the Reserve Funds to the payment of the Debt in any order in its sole discretion. The Reserve Funds shall not constitute trust funds and may be commingled with other monies held by Lender. (b) Borrower shall not, without obtaining the prior consent of Lender, further pledge, assign or grant any security interest in any Reserve Fund or the monies deposited therein or permit any lien or encumbrance to attach thereto, or any levy to be made thereon, or any UCC-1 Financing Statements, except those naming Lender as the secured party, to be filed with respect thereto. (c) The Reserve Funds shall be held by Lender (or Servicer) and may be invested at Borrower’s election and direction in Permitted Investments routinely offered by the Servicer of the Securitization for investment by Borrower. All interest or other earnings on a Reserve Fund shall be added to and become a part of such Reserve Fund for the benefit of Borrower and shall be disbursed in the same manner as other monies deposited in such Reserve Fund. Borrower shall have the right to direct Lender (or Servicer) to invest sums on deposit in the Eligible Account in Permitted Investments provided (a) such investments are permitted by applicable federal, state and local rules, regulations and laws, (b) the maturity date of the Permitted Investment is not later than the date on which the applicable Reserve Funds are required for payment of an obligation for which such Reserve Fund was created, and (c) no Event of Default shall have occurred and be continuing. Borrower shall be responsible for payment of any federal, state or local income or other tax applicable to the interest or income earned on the Reserve Funds. No other investments of the sums on deposit in the Reserve Funds shall be permitted except as set forth in this Section 7.5. Borrower shall bear all reasonable costs associated with the investment of the sums in the account in Permitted Investments. Such costs shall be deducted from the income or earnings on such investment, if any, and to the extent such income or earnings shall not be sufficient to pay such costs, such costs shall be paid by Borrower promptly on demand by Lender. Lender shall have no liability for the rate of return earned or losses incurred on the investment of the sums in Permitted Investments. (d) Borrower shall indemnify Lender and hold Lender harmless from and against any and all actions, suits, claims, demands, liabilities, losses, damages, obligations and costs and expenses (including litigation costs and reasonable attorneys fees and expenses) arising from or in any way connected with the Reserve Funds or the performance of the obligations for which the Reserve Funds were established. Borrower shall assign to Lender all rights and claims Borrower may have against all Persons supplying labor, materials or other services which are to be paid from or secured by the Reserve Funds; provided, however, that Lender may not pursue any such right or claim unless an Event of Default has occurred and remains uncured.

  • Account Types The Financial Institution agrees that each Collateral Account is, and will be maintained as, either a “securities account” (as defined in Section 8-501 of the UCC) or a “deposit account” (as defined in Section 9-102(a)(29) of the UCC).

  • Prepaid Items All prepaid expenses relating to the Station.

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