Common use of Purpose of Margin Facility Clause in Contracts

Purpose of Margin Facility. If granted, the Margin Facility shall only be used by the Customer for financing the purchase of Marginable Securities provided always that the Customer shall not use more than the percentage imposed by DBS Xxxxxxx at its discretion and notified to the Customer of the Margin Facility or such other percentage as DBS Xxxxxxx may at its absolute discretion stipulate from time to time for financing the purchase of any single purchase of Marginable Security.

Appears in 2 contracts

Samples: Trading Agreement, www.dbs.com.sg

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Purpose of Margin Facility. If granted, the Margin Facility shall only be Facilityshall onlybe used by the bythe Customer for financing the purchase of Marginable Securities provided always that the Customer shall not use notuse more than the percentage imposed by DBS Xxxxxxx at its discretion and notified to t o the Customer of the Margin Facility or such other percentage as DBS Xxxxxxx may at mayat its absolute discretion stipulate from time fromtime to time for financing the purchase of any single purchase of Marginable Security.

Appears in 1 contract

Samples: www.dbsvickers.com

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Purpose of Margin Facility. If granted, the Margin Facility shall only be used by the Customer for financing the purchase of Marginable Securities provided always Provided Always that the Customer shall not use more than the percentage imposed by DBS Xxxxxxx Bank at its discretion and notified to the Customer of the Margin Facility or such other percentage as DBS Xxxxxxx Bank may at its absolute discretion stipulate from time to time for financing the purchase of any single purchase of purchased Marginable Security.

Appears in 1 contract

Samples: www.dbs.com.sg

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