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Futures Accounts Sample Clauses

Futures Accounts. If Introducing Broker maintains an account with Interactive in which futures, options on futures and/or commodity options may be traded, Introducing Broker agrees to be subject to the terms and conditions of any separate futures account Arbitration Agreement between Introducing Broker and Interactive.
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Futures Accounts. Such Grantor shall not have any futures account unless subject to a Control Agreement.
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Futures Accounts. (a) Each Grantor has irrevocably agreed, and has caused the applicable futures intermediary in respect of each of the Futures Accounts maintained for such Grantor to irrevocably agree, with Collateral Agent that the futures intermediary will apply any value distributed on account of the futures contracts in such Futures Accounts as directed by Collateral Agent without further consent of such Grantor. (b) If any Grantor acquires any futures contracts after the date of this Agreement that are carried in a Futures Account, such Grantor irrevocably agrees, and shall cause the applicable futures intermediary in respect of such Futures Account to irrevocably agree, with Collateral Agent that such futures intermediary will apply any value distributed on account of the futures contracts carried in such Futures Account as directed by Collateral Agent without further consent of such Grantor. If the applicable futures intermediary fails to enter into an agreement as contemplated in this Section 2.8(b) within a reasonable period of time, as determined by Collateral Agent acting reasonably, such Grantor shall move the Futures Account to a different futures intermediary and this Section 2.8(b) shall apply mutatis mutandis thereto.
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Futures Accounts. Such Grantor will not, after the date of this Agreement, establish and maintain any futures accounts with any intermediary unless (1) it gives the Collateral Agent 30 days’ prior written notice of its intention to establish such new futures account, (2) such intermediary is a futures intermediary, and (3) the futures intermediary and such Grantor (i) execute and deliver a Control Agreement with respect to such futures account that is in form and substance, satisfactory to the Collateral Agent, or (ii) transfer the futures contracts in such futures account into a futures account in the name of the Collateral Agent.
Sample 1
Futures Accounts. If the dispute, controversy, claim or grievance involves a futures/options on futures IBUK Account, you agree to the following: a. Except as provided below, you agree that any dispute, controversy, claim or grievance between IBLLC or any of its directors, officers, shareholders, employees, associates, agents or Affiliates (other than IBUK) on the one hand, and you or, if applicable, your directors, officers, shareholders, employees, associates, agents, or trustees, on the other hand, arising out of, or relating to, this Agreement, any other agreement between you and IBLLC or IBLLC's Affiliates (except IBUK), any transaction thereunder, or any of your IBUK Accounts shall be settled by arbitration, in accordance with the rules then prevailing of a forum chosen in accordance with the procedure set out below. b. If, by reason of Applicable Law or otherwise, your advance agreement to submit a controversy or claim to arbitration would not be enforceable by IBLLC or its Affiliate, as the case may be, this provision shall not permit you to enforce the advance agreement of IBLLC or its Affiliate to submit to arbitration. c. Any award rendered in any arbitration conducted pursuant to this arbitration agreement shall be final, binding, and enforceable and judgment may be entered on any such award by any court having jurisdiction thereof. d. At such time as you notify IBLLC or IBLLC's Affiliate that you intend to submit a controversy to arbitration, or at such times as IBLLC or IBLLC's Affiliate notifies you that IBLLC or its Affiliate intends to submit a controversy to arbitration, you will have the opportunity to choose a forum from a list of three or more qualified forums provided by IBLLC or the Affiliate. A "qualified forum" is an organ isation whose procedures for conducting arbitrations comply with the requirements of the CFTC Rules. e. As required by CFTC Rules, IBLLC shall pay any incremental fees which may be assessed by a qualified forum for provision of a mixed arbitration panel, unless the arbitrators hearing the controversy determine that you have acted in bad faith in initiating or conducting the arbitration. A "mixed arbitration panel" is an arbitration panel composed of one or more persons, a majority of whom are not members or associated with a member of a contract market or employee thereof, and who are not otherwise associated with a contract market.
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Related to Futures Accounts

  • Securities Accounts If a Collateral Account is a securities account, the Financial Institution agrees that:

  • Deposit Accounts, Securities Accounts and Commodity Accounts Attached hereto as Schedule 14 is a true and complete list of all Deposit Accounts, Securities Accounts and Commodity Accounts (each as defined in the Security Agreement) maintained by each Pledgor, including the name of each institution where each such account is held, the name of each such account and the name of each entity that holds each account.

  • Deposit Accounts; Securities Accounts The only Deposit Accounts or Securities Accounts maintained by any Grantor on the date hereof are those listed on Schedule 6 (Bank Accounts; Control Accounts), which sets forth such information separately for each Grantor.

  • Deposit Accounts For each Deposit Account that any Grantor at any time opens or maintains, other than Deposit Accounts (A) that are payroll accounts, withholdings tax accounts, xxxxx cash accounts or flexible spending benefit accounts or trust, escrow or other fiduciary accounts or (B) which do not hold for any period of five consecutive days, an aggregate amount in excess of $1,000,000, such Grantor shall, upon the Collateral Agent’s request, either (i) cause the depositary bank to agree to comply at any time with instructions from the Collateral Agent to such depositary bank directing the disposition of funds from time to time credited to such Deposit Account, without further consent of such Grantor or any other person, pursuant to an agreement in form and substance satisfactory to the Collateral Agent, or (ii) arrange for the Collateral Agent to become the customer of the depositary bank with respect to the Deposit Account, with the Grantor being permitted, only with the consent of the Collateral Agent, to exercise rights to withdraw funds from such Deposit Account. The Collateral Agent agrees with each Grantor that the Collateral Agent shall not give any such instructions or withhold any withdrawal rights from any Grantor, unless an Event of Default has occurred and is continuing, or, after giving effect to any withdrawal, would occur; provided, however, upon the waiver by the applicable Required Lenders of such Event of Default, so long as no other Event of Default shall then exist or be continuing, the Collateral Agent shall revoke any such instruction. The provisions of this paragraph shall not apply to any Deposit Account for which any Grantor, the depositary bank and the Collateral Agent have entered into a cash collateral agreement specially negotiated among such Grantor, the depositary bank and the Collateral Agent for the specific purpose set forth therein.

  • Investment Accounts Schedule 2 sets forth under the headings “Securities Accounts” and “Commodity Accounts”, respectively, all of the Securities Accounts and Commodity Accounts in which such Grantor has an interest. Except as disclosed to the Administrative Agent, such Grantor is the sole entitlement holder of each such Securities Account and Commodity Account, and such Grantor has not consented to, and is not otherwise aware of, any Person (other than the Administrative Agent) having “control” (within the meanings of Sections 8-106 and 9-106 of the UCC) over, or any other interest in, any such Securities Account or Commodity Account or any securities or other property credited thereto, except for, subject to the relevant Control Agreement, the account bank party to such Control Agreement; (a) Schedule 2 sets forth under the heading “Deposit Accounts” all of the Deposit Accounts in which such Grantor has an interest and, except as otherwise disclosed to the Administrative Agent, such Grantor is the sole account holder of each such Deposit Account and such Grantor has not consented to, and is not otherwise aware of, any Person (other than the Administrative Agent) having either sole dominion and control (within the meaning of common law) or “control” (within the meaning of Section 9-104 of the UCC) over, or any other interest in, any such Deposit Account or any money or other property deposited therein, except for, subject to the relevant Control Agreement, the account bank party to such Control Agreement; and (b) Except as otherwise permitted under Section 5.6 and Section 5.7, such Grantor has taken all actions necessary or desirable to: (i) establish the Administrative Agent’s “control” (within the meanings of Sections 8-106 and 9-106 of the UCC) over any Certificated Securities (as defined in Section 9-102 of the UCC); (ii) establish the Administrative Agent’s “control” (within the meanings of Sections 8-106 and 9-106 of the UCC) over any portion of the Investment Accounts constituting Securities Accounts, Commodity Accounts, Securities Entitlements or Uncertificated Securities (each as defined in Section 9-102 of the UCC); (iii) establish the Administrative Agent’s “control” (within the meaning of Section 9-104 of the UCC) over all Deposit Accounts other than Exempt Accounts; and (iv) deliver all Instruments (as defined in Section 9-102 of the UCC) to the Administrative Agent to the extent required hereunder, provided, that the Administrative Agent shall not send a notice of sole control or similar notice unless an Event of Default has occurred and is continuing.

  • Deposit Accounts and Securities Accounts Set forth on Schedule 4.15 (as updated pursuant to the provisions of the Security Agreement from time to time) is a listing of all of the Loan Parties’ and their Subsidiaries’ Deposit Accounts and Securities Accounts, including, with respect to each bank or securities intermediary (a) the name and address of such Person, and (b) the account numbers of the Deposit Accounts or Securities Accounts maintained with such Person.

  • Securities Account All Permitted Investments have been and will be credited to a Securities Account. The securities intermediary for each Securities Account has agreed to treat all assets credited to the Securities Accounts as “financial assets” within the meaning of the applicable UCC.

  • Blocked Accounts Agent shall have received duly executed agreements establishing the Blocked Accounts or Depository Accounts with financial institutions acceptable to Agent for the collection or servicing of the Receivables and proceeds of the Collateral;

  • Lock-Box Accounts The names and addresses of all of the Lock-Box Banks, together with the account numbers of the Lock-Box Accounts at such Lock-Box Banks, are specified in Schedule 6.1(n).

  • Linked Accounts All accounts with the Bank that you enroll in a service will be linked by the tax identification numbers of the persons authorized to access the account. The linked accounts will appear together without regard to the ownership of the accounts. For example, if an authorized user of a linked account accesses the Service, that authorized user will be able to view and access at a single time the following accounts: • the accounts of the business for which that person is an authorized user; • the accounts of any other business for which that person is an authorized user; and • any consumer accounts for which the person is a co-owner or authorized signer.

Most Referenced Clauses

Most Referenced Definitions