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 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.

Appears in 4 contracts

Samples: Retail Client Agreement, Client Agreement, Client Agreement

AutoNDA by SimpleDocs

Power of appropriation. To the extent that any of the margin constitutes "financial collateral" and this Agreement and the Client’s your obligations here under hereun­ der constitute a "security financial collateral arrangement" under the Regulations, APM 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, the Client 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: Eligible Counterparty Agreement, Eligible Counterparty Agreement, Eligible Counterparty Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!