Margin Loans. Shares subject to this Trading Plan may not be used to secure margin loans to Client made by Broker.
Margin Loans. None of the transactions contemplated in the Agreement will violate or result in a violation of Section 7 of the Securities Exchange Act of 1934, as amended, or any regulation issued pursuant thereto, including, without limitation, Regulation U of the Board of Governors of the Federal Reserve System, 12 C.F.R., Chapter II. The Borrower does not own or intend to carry or purchase any "margin security" within the meaning of said Regulation U. None of the proceeds of the Loans have been or will be used to purchase or refinance any borrowing, the proceeds of which were used to purchase any "security" within the meaning of the Securities Exchange Act of 1934, as amended.
Margin Loans. 3.1. A Stockholder may grant a lien or security interest in, pledge, hypothecate or exxxxxxx (xxllectively, a "Pledge") any Shares beneficially owned by such Stockholder to a reputable bank, savings and loan association, investment bank, brokerage firm of other financial or lending institution, but specifically excluding hedge funds, with assets (in name or under management) of not less than $1,000,000,000 (a "Margin Lender") in connection with the incurrence by such Stockholder of financial indebtedness (a "Margin Loan") in a principal amount not to exceed the lesser of (a) the Permitted Loan Value set forth next to such Stockholder's name on Schedule A and (b) fifty percent (50%) of the fair market value of such Pledged Shares at the time such Pledge is granted by such Stockholder; provided, however, that the Margin Lender must agree in writing at or prior to the time such Pledge is made that no Transfer of Shares in connection with a foreclosure, forfeiture or similar proceeding arising from the operation of such Pledge shall be made except as provided in Section 3.2.
Margin Loans. The Investor irrevocably appoints Xxxxxxx and each Authorised Attorney to carry out the following in relation to the Investor’s margin loan(s):
Margin Loans. (a) The value of the collateral securing each loan to each PC/CM Customer (collectively, the “Margin Loans”) as of the close of business of the immediately preceding Business Day prior to the Closing Date, (i) is not less than the amount reflected on the books of the PC/CM Business as the value of such collateral as of such date as (A) provided by third party pricing vendors identified in Section 5.8(a) of the Xxxx Xxxxx Disclosure Letter, (B) provided by other sources as will be disclosed three Business Days prior to the Closing Date, which are engaged by the PC/CM Business to value such collateral in the ordinary course of business consistent with customary industry practice and reasonably acceptable to Citigroup (provided, however, that if any such pricing source is not reasonably acceptable to Citigroup, a third party independent source will be used and provided, further, however, that if no third party independent source is available, the relevant price will be mutually agreed upon by Citigroup and Xxxx Xxxxx), or (C) in the case of any security for which there is no closing sale price as of such date, reasonably estimated by the Parties, and (ii) satisfies the requirements set forth in Regulation T of the Board of Governors of the Federal Reserve System and NYSE Rule 431.
Margin Loans. If I apply for a margin facility, Xxxxxx Xxxxx may, in its sole discretion, grant the facility upon condition that Xxxxxx Xxxxx may, without notice, at any time: (a) reduce or cancel any margin facility made available to me or refuse to grant any additional margin facility to me; and/ or (b) require me to provide margin in addition to the margin required by applicable rules and regulations. I will provide Xxxxxx Xxxxx with any margin that is requested by Xxxxxx Xxxxx and will promptly pay any indebtedness due as a result of any reduction or cancellation of any margin facility. I acknowledge that Xxxxxx Xxxxx may operate its margin business on a trade date basis.
Margin Loans. If I want margin credit, I shall complete and execute appropriate applications and agreements for margin credit to be provided by Xxxxxxxx. I understand that the application will be subject to acceptance. For information on the benefits, costs, and risks of margin, see Pershing’s Margin Agreement and Disclosure, available upon request. Margin may not be available in all accounts types. For more information please contact your HSBC Securities representative or HSBC Securities at the phone number listed at the beginning of this agreement.
Margin Loans. Use any of the proceeds of the Loans, directly or indirectly, to purchase or carry margin stock within the meaning of Regulation U of the Board of Governors of the Federal Reserve System; or engage as its principal business in the extension of credit for purchasing or carrying such stock.
Margin Loans. (a) General. From time to time, and following request from Client, GSI may in its discretion agree to extend credit to Client in an amount which in aggregate exceeds £25,000 (or the foreign currency equivalent thereof) for the purpose of purchasing or carrying securities or other property (the aggregate extensions of credit outstanding hereunder, the “Margin Loan”).
Margin Loans. 11 Section 8.03. Chief Executive Office.....................................................................11 Section 8.04. Governing Law, Jurisdiction, Consent to Service of Process.................................11 Section 8.05. Waiver of Jury Trial.......................................................................11 Section 8.06. Notices....................................................................................12 Section 8.07. Representations............................................................................13 Section 8.08. Further Assurances.........................................................................13 Section 8.09. Successors and Assigns.....................................................................14 Section 8.10. Severability...............................................................................14 Section 8.11. Counterparts...............................................................................14 EXHIBITS: Exhibit A - Malin Group Loans Exhibit B - Related Party Stock Ownership Exhibit C - Xxxxxx Note Exhibit D - Preferred Stock Details Exhibit E - Preferred Shareholder Note Exhibit F - Amendment to Preferred Stock Exhibit G - Loan Details Exhibit H - Intercreditor Agreement Exhibit I - Software Security Agreement Exhibit J - General Security Agreement Exhibit K - Warrant Exhibit L - Registration Rights Agreement Exhibit M - Source Code Escrow Agreement Exhibit N - Consulting Agreement Exhibit O - Existing Liens Schedule MASTER SUBORDINATION, WAIVER, RELEASE AND INDEMNIFICATION AGREEMENT
