Common use of Power of appropriation Clause in Contracts

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.

Appears in 17 contracts

Samples: Professional Client Agreement, Professional Client Agreement, Eligible Counterparty Agreement

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Power of appropriation. To the extent that any of the margin constitutes "financial collateral" and this Agreement and your obligations 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.

Appears in 3 contracts

Samples: Terms of Business, Terms of Business, Terms of Business

Power of appropriation. To the extent that any of the margin 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 marginMargin, together with any accrued but unposted un-posted 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 purposes purpose of the Applicable Regulations.

Appears in 3 contracts

Samples: Standard Terms of Business, Standard Terms of Business, Standard Terms of Business

Power of appropriation. To the extent that any of the margin constitutes "financial collateral" and this Agreement and your obligations hereunder here­ under 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 dis­ charge of the Secured Obligations. For this purpose, you agree that the value of such financial collateral so appropriated appropri­ ated shall be the amount of the margin, together with any accrued but unposted interest, at the time the right of appropriation appro­ priation 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.

Appears in 3 contracts

Samples: Professional Client Agreement, Professional Client Agreement, Professional Client Agreement

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Power of appropriation. To the extent that any of the margin 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 marginMargin, together with any accrued but unposted un-posted 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 purposes purpose of the Regulations.

Appears in 2 contracts

Samples: Odp to FSP Liquidity Terms, Terms of Business

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 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 purposes purpose of the Regulations.

Appears in 1 contract

Samples: Client Agreement

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