Margin of Security. So long as there exists any Outstanding Balance due from the Borrower to the Lender, the Lender may require the Borrower to maintain or cause to maintain with the Lender at all times a Margin of such percentage as stipulated in the Schedule(s) of Terms consisting of Securities acceptable to the Lender.
Margin of Security. The Lender may require the Borrower(s) to maintain or cause to maintain with the Lender at all times a Margin of such percentage as stipulated in the Schedule(s) of Terms consisting of Securities acceptable to the Lender. The computation of the value of the securities shall be based on the" Closing Market Price" .The Lender may calculate the Margin in respect of each Facility separately or collectively, in respect of the loan. Additional Security: In the event that the market value (or net asset value in the case of units) of the Security falls, under any other circumstances, if the Lender deems fit, the Lender shall serve upon the Borrower(s) a written notice demanding additional security by way of delivery of further securities, and the Borrower(s) undertakes that within 2 days from the receipt of the notice from the Lender, the Borrower(s) shall make up the difference either by payment in cash to the Lender or by causing the delivery of additional Securities, acceptable to the Lender, of the value necessary to make up the difference. The Borrower(s) shall also execute and submit to the Lender, such security along with the necessary documents for creation of the security. Notwithstanding the above, that on Event of Default as enumerated under Article 5 1 has occurred, the Lender will also have the option to sell Transfer any portion of the Securities and apply the amount realized towards liquidation of part of the Facility Balance or the loan balance, so as to maintain the Margin referred to in Article 3.2 above and in the Schedule(s) of Terms attached hereto. Notwithstanding the above, all further or other securities which shall / may be pledged with the Lender as well as other accretions, entitlements and benefits in respect of the Securities which the Lender is entitled to, including without limitation all corporate benefits in respect of each of the securities shall be deemed to be pledged in favour of the Lender pursuant to this Agreement without any further act, instrument or deed and the terms and conditions of this Agreement shall mutatis mutandis apply to such accretions as if they had originally been pledged with the Lender pursuant to this Agreement. If the Securities or any accretion or entitlements in respect thereof inadvertently come to the possession of the Borrower(s) and /or the Security Provider / Xxxxxxx without the authority of the Lender, then the Borrower(s) and/or Security Provider / Xxxxxxx, as the case may be, shall forthwith de...
