Purpose of Margin Sample Clauses

Purpose of Margin. The purpose of margin shall be to ensure my/our fulfillment of obligations to your company relating to Futures/Options Trading. 2. The purpose of clearing margin, which is included in the margin, is to ensure your company's fulfillment of obligations for payment or delivery by your company to JSCC relating to Futures/Options Trading based on my/our order and to ensure my/our fulfillment of obligations to your company relating to Futures/Options Trading. 3. Notwithstanding the provisions of the preceding paragraph, in the case where your company is a Non-Clearing Participant, the purpose of clearing margin, which is included in the margin, is to ensure your company's Designated Clearing Participant’s fulfillment of obligations for payment or delivery by your company's Designated Clearing Participant to JSCC relating to Futures/Options Trading based on my/our order, to ensure your company's fulfillment of obligations for payment or delivery by your company to your company's Designated Clearing Participant relating to Futures/Options Trading based on my/our order, and to ensure my/our fulfillment of obligations to your company relating to Futures/Options Trading. Article 3. (Clearing Margin and Customer Margin) Margin (excluding the amount equivalent to the amount I/we are scheduled to pay; the same shall apply hereinafter) submitted to your company by me/us through the Account shall not be kept by your company (In the case where your company is a Non-Clearing Participant, your company and your company’s Designated Clearing Participant), but shall be directly deposited by your company acting as my/our agent with JSCC as clearing margin concerning the unsettled contracts based on entrustment from me/us and shall be kept by JSCC. Notwithstanding the foregoing, I/we shall not object to your company keeping the margin as clearing margin for four (4) days (excluding holidays prescribed by the Financial Instruments Exchange) counted from the day of my/our submission of the margin to your company and then depositing the equivalent amount of money or securities or warehouse receipts deposited in lieu of money (hereinafter referred to as the "Replacement Securities, etc.") owned by your company with JSCC in lieu of my/our margin. 2. Notwithstanding the provision of the preceding paragraph, I/we shall not object, in the case where I/we agree separately in writing, to all or part of the margin submitted or deposited by me/us being replaced by the equivalent amount of mo...
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Related to Purpose of Margin

  • Purpose of DPA The purpose of this DPA is to describe the duties and responsibilities to protect Student Data including compliance with all applicable federal, state, and local privacy laws, rules, and regulations, all as may be amended from time to time. In performing these services, the Provider shall be considered a School Official with a legitimate educational interest, and performing services otherwise provided by the LEA. Provider shall be under the direct control and supervision of the LEA, with respect to its use of Student Data

  • Purpose of Loan The Borrower undertakes with each Creditor Party to use the Loan only for the purpose stated in the preamble to this Agreement.

  • Purpose of Use The Executive agrees that he will use Confidential Information only for purposes authorized or directed by the Company.

  • Purpose of Fee If an employee does not become a member of the Association during any membership year (i.e., from September 1 to the following August 31) which is covered in whole or in part by this Agreement, said employee will be required to pay a representation fee to the Association for that membership year. The purpose of this fee will be to offset the employee’s per capita cost of services rendered by the Association as majority representative.

  • Purpose of the Agreement ‌ The purpose of this Agreement is to authorize PDL NPDL to charter space to PFLG in the Trade (as hereinafter defined).

  • PURPOSE OF AGREEMENT 1.01 The purpose of this Agreement is to maintain harmonious and mutually beneficial relationships between the Employer, the employees and the Union, to set forth certain terms and conditions of employment relating to pay, hours of work, employee benefits, and general working conditions affecting employees covered by this Agreement and to ensure that all reasonable measures are provided for the safety and occupational health of the employees.

  • Purpose of Evaluation 10.1.1 It is recognized that a system of evaluation is essential to assist Unit Members in developing competency and realizing their potential. It is further recognized that information gathered through such a system will enable decisions that measure a Unit Member’s performance in a just and equitable manner.

  • Purpose of the Grant I.1.1 The Commission has decided to award a grant, under the terms and conditions set out in the Special Conditions, the General Conditions and the Annexes to the agreement, which the beneficiary hereby declares that he has taken note of and accepts, for the action entitled […] ("the action").

  • Purpose of Processing The purpose of the data Processing is the provision of the Services pursuant to this Agreement.

  • Purpose of Amendment The Company and you desire to amend the Agreement as set forth in Section 2 hereof.

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