Power of appropriation. To the extent that any of the margin constitutes "financial collateral" and this Agreement and your obligations hereunder constitute a "security financial collateral arrangement" under the Regulations, we shall have the right to appropriate all or any part of such financial collateral in or towards discharge of the Secured Obligations. For this purpose, you agree that the value of such financial collateral so appropriated shall be the amount of the margin, together with any accrued but unposted interest, at the time the right of appropriation is exercised. The parties further agree that the method of valuation provided for in this Agreement shall constitute a commercially reasonable method of valuation for the purposes of the Regulations.
Power of appropriation. You further agree that, to the extent that any of the Margin you provide us with under these Terms and Conditions constitutes “financial collateral” and this Agreement and your obligations hereunder constitute a “security financial collateral arrangement”, we shall have the right to appropriate all or any part of such ‘financial collateral’ in or towards discharge of any Secured Obligations. For these purposes, you agree that the value of such ‘financial collateral’ so appropriated shall be the amount of the Margin, together with any accrued but un-posted interest, at the time the right of appropriation is exercised. It is further agreed and understood that the method of valuation provided for in this Agreement shall constitute a commercially reasonable method of valuation for the purposes hereof.
Power of appropriation. To the extent that any of the margin constitutes "financial collateral" and this Agreement and the Client’s obligations here under constitute a "security financial collateral arrangement" under the Regulations, APM shall have the right to appropriate all or any part of such financial collateral in or towards discharge of the Secured Obligations. For this purpose, the Client agree that the value of such financial collateral so appropriated shall be the amount of the margin, together with any accrued but unposted interest, at the time the right of appropriation is exercised. The parties further agree that the method of valuation provided for in this Agreement shall constitute a commercially reasonable method of valuation for the purposes of the Regulations.
Power of appropriation. 21.1 In order to exercise the statutory power of appropriation under section 41 of the Administration of Estates Act 1925, the consent of the beneficiary is required. Where possible, clause 21.2 below removes the need for the executor or administrator to obtain the consent of the beneficiary.
21.2 Unless a relevant will directs otherwise, we and any executor or administrator acting with us will have the power to apply the statutory power of appropriation without obtaining the consents required by section 41 of the Administration of Estates Act 1925.
21.3 Unless the Governing Instrument of a trust indicates otherwise, we, jointly with any trustee(s) acting with us, have the power of appropriation in favour of any beneficiary of that trust without the need to obtain the consent of any party.
Power of appropriation. To the extent that any margin that is Security Interest Collateral constitutes financial collateral, at any time on or after a Liquidation Date the Firm may appropriate all or any part of the margin in or towards discharge of the Secured Obligations. For this purpose, the value of the financial collateral appropriated will be:
(a) (in the case of cash) the amount of the margin together with any accrued but unpaid interest; and
(b) (in the case of non-cash margin) the Value as determined by the Firm, at the time the right of appropriation is exercised. The Parties further agree that the method of valuation provided for in this Agreement constitutes a commercially reasonable method of valuation.
Power of appropriation. You further agree that, to the extent that any of the margins you provide to us under these Terms and Conditions constitute "financial collateral" and that this Agreement and your obligations under this Agreement constitute a "security financial collateral arrangement," we shall be entitled to appropriate all or any portion of such "financial collateral" in or in the discharge of any secured obligations. For these purposes, you agree that at the time the right of appropriation is exercised, the value of such 'financial collateral' thus appropriated shall be the amount of the margin, together with any accrued but not posted interest. It is further agreed and understood that the method of valuation provided for in this Agreement constitutes, for the purposes of this Agreement, a commercially reasonable method of valuation.
Power of appropriation. THE Trustees shall have power in their absolute discretion to appropriate any part of the Trust Fund in its then actual condition or state of investment in or towards satisfaction of any interest or share in the Trust fund as may in all the circumstances appear to them to be just and reasonable and for the above purposes from time to time to place such value on any or all investments or other property as they shall in their absolute discretion think fit.
Power of appropriation. You further agree that, to the extent that any of the Margin you provide us with under these Terms and Conditions constitutes “financial collateral” and this Agreement and your obligations hereunder constitute a “security financial collateral arrangement”, we shall have the right to appropriate all or any part of such ‘financial collateral’ in or towards discharge of any Secured Obligations. For these purposes, you agree that the value of such ‘financial collateral’ so appropriated shall be the amount of the Margin, together with any accrued but un-posted interest, at the time the right of
Power of appropriation. To the extent that any of the margin constitutes "financial collateral" and this Agreement and your obligations hereunder constitute a "security financial collateral arrangement" under the TEL: +000 00 000 000 FAX: +000 00 000 000 EMAIL: xxxxxxx@xxxxxxxxxx.xxx WEB: xxx.xxxxxxxxxx.xxx Regulations, we shall have the right to appropriate all or any part of such financial collateral in or towards discharge of the Secured Obligations. For this purpose, you agree that the value of such financial collateral so appropriated shall be the amount of the margin, together with any accrued but unposted interest, at the time the right of the appropriation is exercised. The parties further agree that the method of valuation provided for in this Agreement shall constitute a commercially reasonable method of valuation for the purpose of the Regulations.
Power of appropriation. You further agree that, to the extent that any of the Margin you provide us with under these
