Common use of Excess Collateral Clause in Contracts

Excess Collateral. Upon the request of Customer, Broker shall Advise Custodian and Customer of any Collateral in any Special Custody Account in excess of the Adequate Margin then required for the Secured Obligations. At Customer’s request and upon Broker’s Advice, such excess shall be transferred from such Special Custody Account to an account of Customer at Custodian. Customer represents and warrants to Broker that the Collateral shall be at all times in good, freely deliverable and transferable form (or Custodian shall have the unrestricted power to put such securities into good, freely deliverable and transferable form) in accordance with the requirements of such exchanges and other markets as may be the primary market or markets for such Collateral.

Excess Collateral. Upon the request of Customer, Broker shall Advise Custodian and Customer of any Collateral in any Special Custody Account in excess of the Adequate Margin then required for the Secured Obligations. At Customer’s 's request and upon Broker’s 's Advice, such excess shall be transferred from form such Special Custody Account to an account of Customer at Custodian. Customer represents and warrants to Broker that the Collateral shall be at all times in good, freely deliverable and transferable form from (or Custodian shall have the unrestricted power to put such securities into good, freely deliverable and transferable form) in accordance with the requirements of such exchanges and other markets as may be the primary market or markets for such Collateral.Collateral-

Excess Collateral. Upon the request of Customer, Broker shall Advise Custodian and Customer of any Collateral in any Special Custody Account in excess of the Adequate Margin then required for the Secured Obligations. At Customer’s 's request and upon Broker’s 's Advice, such excess shall be transferred from such Special Custody Account to an account of Customer at Custodian. Customer represents and warrants to Broker that the Collateral shall be at all times in good, freely deliverable and transferable form (or Custodian shall have the unrestricted power to put such securities into good, freely deliverable and transferable form) in accordance with the requirements of such exchanges and other markets as may be the primary market or markets for such Collateral.