Common use of Margin Deficit Clause in Contracts

Margin Deficit. In the event the Repurchase Price of outstanding Transactions is greater than the aggregate Margin Value of all Purchased Securities, Subcustodian shall so notify Seller prior to 2:00 p.m. On the date of any such notice, Seller shall promptly transfer to Buyer’s Account additional Eligible Securities (“Additional Eligible Securities”) such that, after transfer thereof to Buyer’s Account, the aggregate Margin Value of all Purchased Securities (including Additional Eligible Securities) equals or exceeds the Repurchase Price of outstanding Transactions. If Seller fails to transfer an appropriate amount of Additional Eligible Securities on the date of any such notice, Subcustodian shall notify Buyer and Seller and await further instructions from Buyer. All Additional Eligible Securities transferred to Buyer's Account shall be deemed to be Purchased Securities.

Margin Deficit. In the event the Repurchase Purchase Price of outstanding Transactions is greater than the aggregate Margin Value of all Purchased Securities, Subcustodian Custodian shall so notify Seller prior to 2:00 p.m. On the date of any such notice, Seller shall promptly transfer to Buyer’s Account additional Eligible Securities (“Additional Eligible Securities”) such that, after transfer thereof to Buyer’s Account, the aggregate Margin Value of all Purchased Securities (including Additional Eligible Securities) equals or exceeds the Repurchase Purchase Price of outstanding Transactions. If Seller fails to transfer an appropriate amount of Additional Eligible Securities on the date of any such notice, Subcustodian Custodian shall notify Buyer and Seller and await further instructions from Buyerinstructions. All Additional Eligible Securities transferred to Buyer's ’s Account shall be deemed to be Purchased Securities.

Margin Deficit. In the event the Repurchase Purchase Price of outstanding Transactions is greater than the aggregate Margin Value of all Purchased Securities, Subcustodian Custodian shall so notify Seller prior to 2:00 p.m. On the date of any such notice, Seller shall promptly transfer to Buyer’s 's Account additional Eligible Securities (“"Additional Eligible Securities”") such that, after transfer thereof to Buyer’s 's Account, the aggregate Margin Value of all Purchased Securities (including Additional Eligible Securities) equals or exceeds the Repurchase Purchase Price of outstanding Transactions. If Seller fails to transfer an appropriate amount of Additional Eligible Securities on the date of any such notice, Subcustodian Custodian shall notify Buyer and Seller and await further instructions from Buyer. All Additional Eligible Securities transferred to Buyer's Account shall be deemed to be Purchased Securities.

Margin Deficit. In the event the Repurchase Purchase Price of outstanding Transactions is greater than the aggregate Margin Value of all Purchased Securities, Subcustodian Custodian shall so notify Seller prior to 2:00 p.m. On the date of any such notice, Seller shall promptly transfer to Buyer’s Account additional Eligible Securities (“Additional Eligible Securities”) such that, after transfer thereof to Buyer’s Account, the aggregate Margin Value of all Purchased Securities (including Additional Eligible Securities) equals or exceeds the Repurchase Purchase Price of outstanding Transactions. If Seller fails to transfer an appropriate amount of Additional Eligible Securities on the date of any such notice, Subcustodian Custodian shall notify Buyer and Seller and await further instructions from Buyer. All Additional Eligible Securities transferred to Buyer's ’s Account shall be deemed to be Purchased Securities.

Margin Deficit. In the event the Repurchase Purchase Price of outstanding Transactions is greater than the aggregate Margin Value of all Purchased Securities, Subcustodian Custodian shall so notify Seller prior to 2:00 p.m. On the date of any such notice, Seller shall promptly transfer to Buyer’s 's Account additional Eligible Securities (“"Additional Eligible Securities”") such that, after transfer thereof to Buyer’s 's Account, the aggregate Margin Value of all Purchased Securities (including Additional Eligible Securities) equals or exceeds the Repurchase Purchase Price of outstanding Transactions. If Seller fails to transfer an appropriate amount of Additional Eligible Securities on the date of any such notice, Subcustodian Custodian shall notify Buyer and Seller and await further instructions from Buyerinstructions. All Additional Eligible Securities transferred to Buyer's Account shall be deemed to be Purchased Securities.