Common use of Margin Agreement Clause in Contracts

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. Prior to the execution or clearance of any margin transaction in an Account, Correspondent shall obtain and provide Ridge Clearing Broker with a margin agreement, hypothecation agreement and con­sent consent to loan of securities (collectively, “"margin agreement”") executed by the Customer (or, in the case of any Proprietary Accountproprietary Account of Correspondent, executed by Correspondent), such agreement to be in a form acceptable and substance satisfactory to RidgeClearing Broker. Ridge Clearing Broker 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 Clearing Broker has determined, in its sole and exclusive dis­cretiondiscretion, to accept margin transactions therein and the duly executed margin agreement has been received by RidgeClearing Broker. Ridge Clearing Broker may cancel and rebook as a cash transaction transactions any margin trans­action transactions 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 rebooking shall be borne in their entirety by Correspondent. Correspondent Clearing Broker shall be respon­sible responsible for compliance with Rule 10b-16 lOb-16 under the 1934 Act. If Correspondent elects to instruct Clearing Broker not to have direct communication or contact with its Customers, it shall obtain in advance of dissemination the written approval of Ridge Clearing Broker of any document to be provided to Customers in connection with Rule 10b-16 under the 1934 Acttherewith.

Margin Agreement. Prior to the execution or clearance of any margin transaction in an Account, Correspondent shall obtain and provide Ridge ICS with a margin agreement, hypothecation agreement and con­sent consent to loan of securities (collectively, “margin agreement”) executed by the Customer (or, in the case of any Proprietary Accountproprietary Account of Correspondent, executed by Correspondent), such agreement to be in a form acceptable and substance satisfactory to RidgeICS. Ridge ICS 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 ICS has determined, in its sole and exclusive dis­cretiondiscretion, to accept margin transactions therein and the duly executed margin agreement has been received by RidgeICS. Ridge ICS may cancel and rebook as a cash transaction transactions any margin trans­action transactions 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 rebooking shall be borne in their entirety by Correspondent. Correspondent shall be respon­sible responsible for compliance with Rule 10b-16 under the 1934 Act. Correspondent shall obtain in advance of dissemination the written approval of Ridge ICS of any document to be provided to Customers in connection with Rule 10b-16 under the 1934 Acttherewith.

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 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 dis­cretiondiscretion, 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 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 rebooking shall be borne in their entirety by Correspondent. Correspondent shall be respon­sible 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.