PRUDENTIAL REQUIREMENTS. 10.1 Distributor may require Trader to comply with prudential requirements: The Distributor may, by giving notice to the Trader, require the Trader to comply with prudential requirements, in which case the Trader must, whether the notice is received before or after the commencement of this Agreement, comply with prudential requirements as follows:
(a) if the Trader is not trading on the Network, the Trader must comply with prudential requirements before the Trader starts trading on the Network; and
(b) if the Trader is trading on the Network, the Trader must comply with prudential requirements within 10 Working Days after receipt of the Distributor's notice.
PRUDENTIAL REQUIREMENTS. 12.1 Retailer will satisfy prudential requirements: If required by a notice from the Distributor, the Retailer will comply with either one of the following prudential requirements within 10 Working Days of receipt of the Distributor's notice:
(a) the Retailer will maintain an acceptable credit rating; or
(b) the Retailer will provide and maintain acceptable security by, at the Retailer's election:
(i) providing the Distributor with a cash deposit of the value specified in clause 12.6 ("Cash Deposit"), which the Distributor will hold in a trust account that the Distributor will establish and operate in accordance with clause 12.24;
(ii) arranging for a third party with an acceptable credit rating to provide security in a form acceptable to the Distributor, of the value specified in clause 12.6; or
(iii) providing a combination of the securities listed in subparagraphs (i) and (ii) to the value specified in clause 12.6.
PRUDENTIAL REQUIREMENTS. Clauses 4 to 8 apply in relation to a distributor agreement between a distributor and a
PRUDENTIAL REQUIREMENTS. Distributor may require Retailer to comply with prudential requirements: The Distributor may, by giving notice to the Retailer, require the Retailer to comply with prudential requirements, in which case the Retailer must, whether the notice is received before or after the Effective Date of this agreement, comply with prudential requirements as follows:
PRUDENTIAL REQUIREMENTS. 8.1 Retailer will satisfy prudential requirements: The Retailer will comply with either one of the following prudential requirements:
(a) the Retailer will maintain an acceptable credit rating, or
(b) the Retailer will provide and maintain acceptable security by, at the Retailer's election:
(i) providing the Distributor with a cash deposit of the value specified in clause 8.6 (as may be reviewed by the Distributor in accordance with clause 8.10) (“Cash Deposit”) which the Distributor will hold in a trust account that the Distributor will establish and operate in accordance with clause 8.26; or
(ii) arranging for a third party with an acceptable credit rating to provide security in a form acceptable to the Distributor, of the value specified in clause 8.6; or
(iii) providing a combination of the securities listed in subparagraphs (i) or (ii) to the value specified in clause 8.6.
PRUDENTIAL REQUIREMENTS. 1.1 Network User will satisfy prudential requirements: If required by a notice from the Distributor, the Network User will comply with either one of the following prudential requirements within 10 Working Days of receipt of the Distributor’s notice:
PRUDENTIAL REQUIREMENTS. 10.1 Distributor may require prudential assurance
PRUDENTIAL REQUIREMENTS. 12.1 Retailer must satisfy prudential requirements: The Retailer will comply at its election with one of the following prudential requirements within 10 Working Days of notice from the Distributor requiring the Retailer to comply (and will within the same period provide evidence in all respects satisfactory to the Distributor of such compliance):
(a) Hold and maintain an acceptable credit rating: hold and maintain an acceptable credit rating in accordance with clause (e); or
(b) Paying a cash deposit: pay to the Distributor a cash deposit of the amount required by the Distributor in accordance with this clause 12 (“Cash Deposit”) which the Distributor will deal with in accordance with clause 12.16 or as otherwise agreed in writing by the parties (or, if agreed by the parties, transfer or grant security over assets in favour of the Distributor of equivalent value which the Retailer will deal with as agreed in writing by the parties); or
PRUDENTIAL REQUIREMENTS. 12.1 Retailer will satisfy prudential requirements: If required by a notice from the Distributor, the Retailer will comply with either one of the following prudential requirements (at its election) within 10 Working Days of receipt of the Distributor’s notice:
(a) the Retailer will maintain an acceptable credit rating; or
(b) the Retailer will provide and maintain acceptable security by, at the Retailer's election:
(i) providing the Distributor with a cash deposit of the value specified in clause 12.6 (as may be reviewed by the Distributor in accordance with clause 12.10) ("Cash Deposit"), which the Distributor will hold in a trust account that the Distributor will establish and operate in accordance with clause 12.24; or
(ii) arranging for a third party with an acceptable credit rating to provide security in a form acceptable to the Distributor, of the value specified in clause 12.6. The security must not expire prior to the date on which all amounts owing under this agreement by the Retailer to the Distributor have been paid; or
(iii) providing a combination of the securities listed in subparagraphs (i) and (ii) to the value specified in clause 12.6.
PRUDENTIAL REQUIREMENTS. Service Provider may:
