Regulation T Sample Clauses
Regulation T is a federal rule that governs the extension of credit by brokers and dealers to customers for the purchase of securities. It sets limits on the amount of credit that can be extended, typically requiring investors to deposit a minimum percentage of the purchase price (known as the margin requirement) when buying stocks on margin. For example, if an investor wants to buy $10,000 worth of stock, Regulation T may require them to provide at least $5,000 in cash, with the broker lending the remainder. The core function of this clause is to mitigate systemic risk in the securities market by preventing excessive leverage and ensuring that investors maintain a certain level of equity in their margin accounts.
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Regulation T. Neither the making of any Term Loan hereunder, nor the use of the proceeds thereof, will violate the provisions of Regulation T, U or X.
Regulation T. Regulation T of the Board of Governors of the Federal Reserve System as from to time in effect and any successor to all or any portion thereof. Regulation U. Regulation U of the Board of Governors of the Federal Reserve System as from time to time in effect and any successor to all or a portion thereof.
Regulation T. Regulation T of the Board of Governors as from time to time in effect and rulings and interpretations thereunder or thereof, and any successor provision thereto.
Regulation T. None of the Purchase Price for any Purchased Securities will be used either directly or indirectly to acquire any security, as that term is defined in Regulation T of the Regulations of the Board of Governors of the Federal Reserve System, and the Seller has not taken any action that might cause any Transaction to violate any regulation of the Federal Reserve Board.
Regulation T. With respect to Introduced Accounts which are margin accounts, the Clearing Agent is responsible for compliance with Regulation T, 12 C.F.R. Part 220 [the federal margin regulation promulgated by the Board of Governors of the Federal Reserve System (the "Board")], and interpretive rulings issued by the Board, letter rulings of the Federal Reserve Bank of New York, Rules, interpretations of the NYSE and any other applicable margin and margin maintenance requirements. The Introducing Firm is responsible to the Clearing Agent for the collection of the margin required to support each transaction for, and to maintain a position in, each Introduced Account, in conformity with the above margin and margin maintenance requirements. After initial margin relating to each transaction has been received, maintenance margin calls shall be generated by the Clearing Agent or by the Introducing Firm at the instruction of the Clearing Agent. The Clearing Agent shall have the right to modify, in its sole discretion, the margin requirements of any Introduced Account from time to time. All margin Introduced Accounts shall be subject to the Clearing Agent's "house margin requirements" which shall be delivered to the Introducing Firm on the Introducing Firm's request. The Clearing Agent will not ▇▇▇▇ up any fees or charges imposed directly by any regulatory body with regard to Regulation T call extensions granted by the Clearing Agent pursuant to written requests from a principal of the Introducing Firm.
Regulation T. No part of the proceeds of the Loan made pursuant to this Agreement will be or have been used to purchase or carry or to reduce or retire any loan incurred to purchase or carry, any margin stocks (within the meaning of any regulation of the Board of Governors of the U.S. Federal Reserve System) or to extend credit to others for the purpose of purchasing or carrying any such margin stocks. If requested by the Lender, the Borrower will furnish to the Lender, in connection with the loans hereunder, a statement in conformance with the requirements of U.S. Federal Reserve Form U-1 referred to in said regulations. In addition, no part of the proceeds of the loans hereunder will be used for the purchase of commodity future contracts (or margins therefor for short sales).
Regulation T. The Company's operations, as currently conducted, are not subject to the provisions of Regulation T (12 C.F.R. ss. 220) of the Board of Governors of the Federal Reserve System.
Regulation T. The Company is a broker-dealer subject to the provisions of Regulation T (12 C.F.R. ss.220) of the Board of Governors of the Federal Reserve System. The Company maintains procedures and internal controls designed to ensure that neither the Company nor any Subsidiary extends or maintains credit to or for its customers other than in accordance with the provisions of Regulation T, and management officials of the Company regularly supervise the activities of the Company and the Subsidiaries, and the activities of employees of each thereof, to ensure that neither the Company nor any Subsidiary extends or maintains credit to or for its customers other than in accordance with the provisions of said Regulation T.
Regulation T. If Optionee shall deliver to the Company a duly executed copy of such Exercise Notice and, in accordance with Section 220.3(e)(4) of Regulation T promulgated under the 1934 Act, a duplicate copy of duly executed, irrevocable instructions to a broker promptly to deliver to the Company a specified dollar amount from the proceeds of a sale of or loan secured by such Purchased Shares, the Company shall promptly confirm to such broker in writing that the Company shall issue and deliver such Purchased Shares to the person or entity specified in such Exercise Notice promptly upon the receipt by the Company of such aggregate Exercise Price in cash or other immediately available funds.
Regulation T. No part of the proceeds of the Note will be utilized to purchase or carry any "margin stock" (as defined by the Federal Reserve Board Regulation U) or to extend credit to others for the purpose of purchasing or carrying any margin stock.