Common use of Open Short Sales Balance Clause in Contracts

Open Short Sales Balance. Broker shall, based on the closing market price on each business day, compute the aggregate net credit or debit balance on Customer's open short sales and advise Customer and/or Customer's designated agent by 11:00 A.M. New York time on the next business day (the "Determination Day") of the amount of the net debit or credit, as the case may be. If a net debit balance exists on the Determination Day, Customer will cause an amount equal to such net debit balance to be paid to Broker by the close of business on the Determination Day. If a net credit balance exists on the Determination Day, Broker will pay such credit balance to Customer by the close of business on the Determination Day. As Customer's open short positions are marked-to-market each business day, payments will be made by or to Customer to reflect changes (if any) in the credit or debit balances. Broker will charge interest on debit balances, and Broker will pay interest on credit balances. Balances will be appropriately adjusted when short sales are closed out.

Open Short Sales Balance. Broker shall, based on the closing market price on each business day, compute the aggregate net credit or debit balance on Customer's open short sales and advise Customer and/or Customer's designated agent by 11:00 A.M. New York time on the next business day (the "Determination Day") of the amount of the net debit or credit, as the case may be. If a net debit balance exists on the Determination Day, Customer will cause an amount equal to such net debit balance to be paid to Broker by the close of business on the Determination Day. If a net credit balance exists on the Determination Day, Broker will pay such credit balance to Customer by the close of business on the Determination Day. As Customer's open short positions are marked-to-market each business day, payments will be made by or to Customer to reflect changes (if any) in the credit or debit balances. To the extent payments are not made as aforesaid, Broker will charge interest on debit balances, and Broker will pay interest on credit balances. Balances will be appropriately adjusted when short sales are closed out.

Open Short Sales Balance. Broker shall, based on the closing market price on each business day, compute the aggregate net credit or debit balance on Customer's open short sales and advise Customer and/or Customer's designated agent by 11:00 A.M. New York time on the next business day (the "Determination Day") of the amount of the net debit or credit, as the case may be. If a net debit balance exists on the Determination Day, Customer will cause an amount equal to such net debit balance to be paid to Broker by the close of business on the Determination Day. If a net credit balance exists on the Determination Day, Broker will pay such credit balance to Customer by the close of business on the Determination Day. As Customer's open short positions are marked-to-to- market each business day, payments will be made by or to Customer to reflect changes (if any) in the credit or debit balances. Broker will charge interest on debit balances, and Broker will pay interest on credit balances. Balances will be appropriately adjusted when short sales are closed out.

Open Short Sales Balance. Broker shall, based on the closing market price on each business day, compute the aggregate net credit or debit balance on Customer's open short sales and advise Customer and/or Customer's designated agent by 11:00 A.M. New York time on the next business day (the each a "Determination Day") of the amount of the net debit or credit, as the case may be. If a net debit balance exists on the a Determination Day, Customer will cause an amount equal to such net debit balance to be paid to Broker by the close of business on the such Determination Day. If a net credit balance exists on the a Determination Day, Broker will pay such credit balance to Customer by the close of business on the such Determination Day. As Customer's open short positions are marked-to-market each business day, payments will be made by or to Customer to reflect changes (if any) in the credit or debit balances. To the extent payments are not made as aforesaid, Broker will charge interest on debit balances, balances and Broker will pay interest on credit balances, each as applicable. Balances will be appropriately adjusted when short sales are closed out.

Open Short Sales Balance. Broker shall, based on the closing market price on the each business day, compute the aggregate net credit or debit balance on Customer's open short sales and advise Advise Customer and/or or Customer's designated agent by 11:00 A.M. New York time on the next business day (the each a "Determination Day") of the amount of the net debit or credit, as the case may be. , If a net debit balance exists on the a Determination Day, Customer will cause an amount equal to such net debit balance to be paid to Broker by the close of business on the such Determination Day. If a net credit balance exists on the a Determination Day, Broker will pay such credit balance to Customer by the close of business on the such Determination Day. , As Customer's open short positions are marked-to-marked to market each business day, payments will be made by or to Customer to reflect changes (if any) in the credit or debit balances. To the extent payments are not made as aforesaid, Broker will charge interest on debit balances, balances and Broker will pay interest on credit balances. Balances will be appropriately adjusted when short sales are closed out.

Open Short Sales Balance. Broker shall, based on the closing market price on each business day, compute the aggregate net credit or debit balance on Customer's open short sales and advise Customer and/or Customer's designated agent by 11:00 A.M. New York time on the next business day (the each a "Determination Day") of the amount of the net debit or credit, as the case may be. If a net debit balance exists on the a Determination Day, Customer will cause an amount equal to such net debit balance to be paid to Broker by the close of business on the such Determination Day. If a net credit balance exists on the a Determination Day, Broker will pay such credit balance to Customer by the close of business on the such Determination Day. As Customer's open short positions are marked-to-market each business day, payments will be made by or to Customer to reflect changes (if any) in the credit or debit balances. To the extent payments are not made as aforesaid, Broker will charge interest on debit balances, and Broker will pay interest on credit balances. Balances will be appropriately adjusted when short sales are closed out.