DERIVATIVES’ 5-YEAR MALAYSIAN GOVERNMENT SECURITIES Sample Clauses

DERIVATIVES’ 5-YEAR MALAYSIAN GOVERNMENT SECURITIES. (“FMG5”) FUTURES (a) The parties agree that a spot month FMG5 futures contract can only be traded by an institutional client who is in the financial institution business or such other client as the Broker may at its absolute discretion to decide. For the avoidance of doubt, a “spot month” means “at any point in time, the nearest month a futures contract may become deliverable” for FMG5 futures contract. (b) With respect to any open contracts:- (i) the Client agrees and undertakes to comply with any direction issued by Bursa Clearing, including but not limited to the physical delivery and settlement of the underlying interest of the open contract; (ii) the Client agrees and undertakes to perform physical delivery and settlement of the underlying interest of the open contract as agent of the Broker; (iii) the Client will facilitate the Broker’s cooperation with Bursa Clearing in respect of any actions that Bursa Clearing may direct or take, including pursuant to an event of default or default proceeding under the rules of Bursa Clearing: (A) the Client agrees and undertakes that the events of default and default proceedings under the rules of Bursa Clearing shall apply instead of any other rules or requirements governing the physical delivery and settlement of the underlying interest of the open contract; and (B) where an event of default occurs including in relation to the physical delivery and settlement of the underlying interest of the open contract, the Client agrees and undertakes to accept any decision or action taken by Bursa Clearing that is made in accordance with the rules of Bursa Clearing and the Client further agrees and undertakes not to make or pursue any claim, cause of action, suit or other proceeding against Bursa Clearing under any other rules or requirements governing the physical delivery and settlement of the underlying interest of the open contract; (iv) the Client agrees and undertakes that in the event of disputes relating to the open contract, the Client will not seek a resolution under any other rules or requirements governing the physical delivery and settlement underlying interest of the open contract and instead will only seek a resolution in accordance with the rules of Bursa Clearing, including agreeing to submit to arbitration and comply with the arbitration award; and (v) the Client agrees and undertakes that the liability of Bursa Clearing, Bursa Malaysia Berhad or any person acting on behalf of Bursa Clearing or Bursa Mal...
Sample 1
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DERIVATIVES’ 5-YEAR MALAYSIAN GOVERNMENT SECURITIES. (“FMG5”) FUTURES For the avoidance of doubt, the following terms and conditions as set out herein shall be applicable in respect of futures trading in Bursa Derivatives’ FMG5 futures contracts entered into between the parties, in addition to and not in derogation of the terms and conditions as set out in this Agreement: (a) The parties agree that a spot month FMG5 futures contract can only be traded by an institutional client who is in the financial institution business or such other client as the Broker may at its absolute discretion to decide. For the avoidance of doubt, a “spot month” means “at any point in time, the nearest month a futures contract may become deliverable” for FMG5 futures contract.
Sample 1

Related to DERIVATIVES’ 5-YEAR MALAYSIAN GOVERNMENT SECURITIES

  • Government Securities 16 Guarantee................................................... 16 Guarantor................................................... 17 Holder...................................................... 17 Incur....................................................... 17

  • United States Government Obligations The Employee acknowledges that the Company from time to time may have agreements with other persons or with the United States Government, or agencies thereof, which impose obligations or restrictions on the Company regarding inventions made during the course of work under such agreements or regarding the confidential nature of such work. The Employee agrees to be bound by all such obligations and restrictions which are made known to the Employee and to take all action necessary to discharge the obligations of the Company under such agreements.

  • Investment Securities and Commodities (i) Each of the Company and its Subsidiaries has good title in all material respects to all securities and commodities owned by it (except those sold under repurchase agreements) which are material to the Company and its Subsidiaries on a consolidated basis, free and clear of any Liens, except for such failures to have good title as are set forth in the financial statements included in the Company Reports as of the entry into this Agreement or to the extent such securities or commodities are pledged in the ordinary course of business to secure obligations of the Company or its Subsidiaries. Such securities and commodities are valued on the books of the Company in accordance with GAAP in all material respects. (ii) The Company and its Subsidiaries and their respective businesses employ investment, securities, commodities, risk management and other policies, practices and procedures that the Company believes are prudent and reasonable in the context of such businesses, and the Company and its Subsidiaries have, since January 1, 2023, been in compliance with such policies, practices and procedures in all material respects.

  • No Government Obligors None of the Receivables is due from the United States or any state or local government, or from any agency, department or instrumentality of the United States or any state or local government.

  • Placement Securities The Placement Securities have been duly authorized and reserved for issuance and when issued and paid for, will be validly issued, fully paid and non-assessable; the Placement Securities are not and will not be subject to the preemptive rights of any holders of any security of the Company or similar contractual rights granted by the Company; and all corporate actions required to be taken for the authorization, issuance and sale of the Placement Securities have been duly and validly taken. When issued, the Placement Warrants will constitute valid and binding obligations of the Company to issue and sell, upon exercise thereof and payment of the exercise price therefor, the number and type of securities of the Company called for thereby in accordance with the terms thereof, and such Placement Warrants are enforceable against the Company in accordance with their respective terms, except: (i) as such enforceability may be limited by bankruptcy, insolvency, reorganization or similar laws affecting creditors’ rights generally; (ii) as enforceability of any indemnification or contribution provision may be limited under federal and state securities laws; and (iii) that the remedy of specific performance and injunctive and other forms of equitable relief may be subject to the equitable defenses and to the discretion of the court before which any proceeding therefor may be brought. The shares of Common Stock underlying the Placement Warrants have been reserved for issuance upon the exercise of the Placement Warrants and, when issued in accordance with the terms of the Placement Warrants, will be duly and validly authorized, validly issued, fully paid and non-assessable, and the holders thereof are not and will not be subject to personal liability by reason of being such holders.

  • Replacement Securities If the Holder of a Security claims that the Security has been mutilated, destroyed, lost or stolen, the Corporation may issue and the Trustee shall authenticate a replacement Security with identical terms as the Securities exchanged if the requirements of Section 8-405 of the Uniform Commercial Code (or any successor provision) are met. Such Holder shall furnish an indemnity bond sufficient in the judgment of the Corporation and the Trustee to protect the Corporation, the Trustee, the Paying Agent, the Registrar and any co-registrar from any loss which any of them may suffer if a Security is replaced. The Corporation and the Trustee may charge for their expenses in replacing a Security. In case any such mutilated, destroyed, lost or stolen Security has become due and payable, the Corporation in its discretion may, instead of issuing a new Security, pay such Security (without surrender thereof except in the case of a mutilated Security) if the applicant for such payment shall furnish to the Corporation, the Trustee, the Paying Agent, the Registrar and any co-registrar for such Security such security or indemnity as may be required by them to hold each of them harmless, and in case of destruction, loss or theft, evidence satisfactory to the Corporation, the Trustee, the Paying Agent, the Registrar and any co-registrar, and any agent of any of them, of the destruction, loss or theft of such Security and the ownership thereof. Upon the issuance of any new Security under this Section 2.09, the Corporation may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including all fees and expenses of the Trustee, the Paying Agent, the Registrar and any co-registrar for such Security) connected therewith. Every new Security issued pursuant to this Section 2.09 in lieu of any destroyed, lost or stolen Security or in exchange for any mutilated Security, shall constitute an original additional obligation of the Corporation, whether or not the destroyed, lost or stolen Security shall be at any time enforceable by anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately with any and all other Securities. The provisions of this Section 2.09 are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities.

  • Foreign Currency Transactions If the Depositor provides instructions to the Financial Institution on an Account that is denominated in a currency other than the currency of the Account, a conversion of currency may be required. In all such Transactions and at any time a conversion of currency is made, the Financial Institution may act as principal with the Depositor in converting the currency at rates established or determined by the Financial Institution, affiliated parties, or parties with whom the Financial Institution contracts. The Financial Institution, its affiliates, and contractors may earn revenue and commissions, in addition to applicable service charges, based on the difference between the applicable bid and ask rates for the currency and the rate at which the rate is offset in the market.

  • No Government Obligor No Receivable is due from the United States or any State or from any agency, department or instrumentality of the United States or any State.

  • Investment Securities Each of the Company and its subsidiaries has good and marketable title to all securities held by it (except securities sold under repurchase agreements or held in any fiduciary or agency capacity) free and clear of any lien, claim, charge, option, encumbrance, mortgage, pledge or security interest or other restriction of any kind, except to the extent such securities are pledged in the ordinary course of business consistent with prudent business practices to secure obligations of the Company or any of its subsidiaries and except for such defects in title or liens, claims, charges, options, encumbrances, mortgages, pledges or security interests or other restrictions of any kind that would not be material to the Company and its subsidiaries. Such securities are valued on the books of the Company and its subsidiaries in accordance with GAAP.

  • Deposit of Fund Assets in U.S. Securities Systems The Custodian may deposit and/or maintain securities owned by a Portfolio in a U.S. Securities System in compliance with the conditions of Rule 17f-4 under the 1940 Act, as amended from time to time.

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