Common use of Margin Excess Inapplicable Clause in Contracts

Margin Excess Inapplicable. The provisions of Paragraph 4(b) of the SIFMA Master shall not apply to Transactions under this Agreement, and all references thereto or to “Margin Excess” in the SIFMA Master shall be disregarded; provided, that in the event the Market Value of any Transaction exceeds the Buyer’s Margin Amount with respect to such Transaction by more than $10 million, Seller shall be entitled to deliver an amended and restated Portfolio Schedule reflecting a Market Value for such Transaction at least equal to the Buyer’s Margin Amount.

Appears in 5 contracts

Samples: Master Repurchase Agreement (Dupont E I De Nemours & Co), Master Repurchase Agreement, Master Repurchase Agreement (Dupont E I De Nemours & Co)

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