Excess Collateral. Upon the request of Customer, Broker shall Advise Bank and Customer of any excess of Collateral in the Special Custody Account. Such excess shall at Customer's request be transferred therefrom upon Advice from Broker. Customer represents and warrants to Broker that securities included at any time in the Collateral shall be in good deliverable form (or bank shall have the unrestricted power to put such securities into good deliverable form) in accordance with the requirements of such exchanges as may be the primary market or markets for such securities.
Appears in 6 contracts
Samples: Special Custody Account Agreement (Barr Rosenberg Variable Insurance Trust), Special Custody Account Agreement (Mainstay Funds), Special Custody Account Agreement (Barr Rosenberg Series Trust)
