Margin Agreement. Seller's payment obligations under this Agreement are secured by the Margin Agreement, which Margin Agreement is hereby incorporated herein for all purposes.
Margin Agreement. Prior to the execution or clearance of any margin transaction in an Account, Correspondent shall obtain and provide Ridge with a margin agreement, hypothecation agreement and consent to loan of securities (collectively, “margin agreement”) executed by the Customer (or, in the case of any Proprietary Account, executed by Correspondent), such agreement to be in a form acceptable to Ridge. Ridge shall have all rights and remedies set forth in such margin agreement, in addition to those set forth in this Agreement, with respect to Accounts which are margin accounts. All transactions in an Account shall be considered cash transactions until Ridge has determined, in its sole and exclusive discretion, to accept margin transactions therein and the duly executed margin agreement has been received by Ridge. Ridge may cancel and rebook as a cash transaction any margin transaction for an Account for which no such executed margin agreement has been received prior to settlement date, and all transaction costs associated with each such cancellation and rebooking shall be borne in their entirety by Correspondent. Correspondent shall be responsible for compliance with Rule 10b-16 under the 1934 Act. Correspondent shall obtain in advance of dissemination the written approval of Ridge of any document to be provided to Customers in connection with Rule 10b-16 under the 1934 Act.
Margin Agreement. Notwithstanding anything herein to the contrary, nothing in this Agreement, including the restrictions on Transfer set forth in Section 1.2 hereof, shall restrict or apply to Transfers of Shares (a) pursuant to any existing or hereafter granted pledge to one or more lenders under the Margin Agreement or any of the Security Agreements (in each case, as defined below), or a collateral agent on behalf thereof, including, without limitation, in connection with any amendment to the Margin Agreement (whether to increase the aggregate amount of borrowings thereunder or otherwise), or (b) pursuant to a foreclosure or exercise of remedies (or transfer in lieu of foreclosure) by any such lender or any collateral agent, in each case, acting on its behalf, including, without limitation, any Transfers of Shares by such lender or collateral agent. For the avoidance of doubt, any exercise of any lender’s rights and/or remedies under the Margin Agreement or any of the Security Agreements and any Transfer of Shares following any exercise of such remedies shall not be limited or restricted by any provision of this Agreement and no transferee of any Shares in connection therewith shall be required to be bound by this Agreement in any respect. As used herein, “Margin Agreement” means that certain margin loan agreement entered into by certain Stockholders and described in Amendment No. 1, filed on April 4, 2022, to the Schedule 13D originally filed by certain Stockholders on March 4, 2022, relating to the Shares described therein, as amended, restated, supplemented or otherwise modified from time to time and “Security Agreements” means the accompanying pledge, security and other collateral agreements to the Margin Agreement, including any pledge and Security Agreements entered into after the date hereof.
Margin Agreement. If Leede has agreed to grant you a margin facility, the following additional terms and conditions will govern your Account and margin facility:
Margin Agreement. If Queensbury has agreed to grant you a margin facility, the following additional terms and conditions will govern your Account and margin facility:
Margin Agreement.
6.1 This Margin Agreement is in respect of all margin transactions in your Account, including Accounts previously opened, opened in the future or from time to time closed and then reopened or renumbered; that all words implying the singular number include the plural and vice-versa; that the word "securities" shall include all securities generally so-called and in particular shall include bonds, debentures, notes, warrants, rights, "when-issued" securities of all kinds and chooses in action of every kind, and all property customarily dealt in by brokers; and that this Margin Agreement shall remain in full force and effect unless Credential advises you in writing of a complete or partial change or revocation.
6.2 Every transaction is subject to the constitution, by-laws, rules, regulations and customs of the exchange (and its clearing corporation, if any) upon which the transaction is executed, or if not executed upon any exchange, to the bylaws, rules, regulations and customs of any market associations of brokers or dealers made applicable thereto by any law, agreement or custom of brokers, and to all laws, regulations and orders of any government or regulatory authority.
6.3 Credential has have the right to refuse to accept purchase or sale instructions from you or your Portfolio Manager on your behalf whenever Credential deems it necessary for Credential’s protection; and that you waive any and all claims against Credential for any loss or damage arising from or related to any such refusal.
6.4 All orders accepted by Credential are good until either executed or cancelled on the day of entry, unless a longer period is specified by you; that all orders accepted by Credential are binding on you from the moment of execution; and that non-receipt or late receipt of any executed trade confirmation shall not relieve you of the obligations to settle the transaction on the settlement date.
6.5 You shall pay commissions, if any, to Credential in respect of all purchases and sales of securities in your Account.
6.6 You shall pay to Credential, on demand, any and all indebtedness arising from transactions effected by Credential for your Account, and shall at all times secure such indebtedness and maintain such margins in connection with the Account as Credential shall require, and will promptly meet all margin calls; and that any debit balance in your Account shall bear interest at such rate as Credential shall establish from time to time for Credential’s customers...
Margin Agreement. We agree to keep whatever margins PSI, in its sole discretion, requires. We promise to pay on demand any debit balance which may be owing in our account.
Margin Agreement. 16 Section 7.15 Intent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 Section 7.16
Margin Agreement. To the extent that you establish a Margin Account at DriveWealth, you will be required to attest to receiving, reviewing, and acknowledging DriveWealth’s Margin Account Agreement, and applicable Margin Disclosures. All transactions in your Margin Account are subject to the terms of this Customer Account Agreement, the terms of the Margin Agreement and any other written agreements between you and us, as may be amended from time to time. Tax Consequences and Related Information: Non-U.S. Tax Obligations.If you are not a United States-based entity or are otherwise subject to the jurisdiction of a tax authority other than the Internal Revenue Service, you may be subject to laws, rules, regulations, withholding requirements, tax payments and other obligations related to your Account, the Transactions therein, and the amounts you pay to DriveWealth for the services provided hereunder (“Foreign Tax Rules”). You agree that, notwithstanding the letter of those Foreign Tax Rules, you shall be liable and responsible for compliance therewith, and shall indemnify and hold harmless DriveWealth from and against any tax obligations or penalties incurred by you or DriveWealth in connection therewith. Transfer of Excess Funds; Exchange Rate Xxxxxxxxxxxx.Xxx hereby authorize DriveWealth to transfer excess funds from your Accounts to any of your other Accounts for any reason, but not in conflict with the Commodity Exchange Act.
Margin Agreement. The Debtor shall maintain at all times the amount of Collateral (based upon the book value of such Collateral calculated in accordance with GAAP) described herein in an amount not less than 150% of the outstanding principal amount of the Note.
