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Common use of Security Margin Clause in Contracts

Security Margin. 7.5.1 The Customer undertakes to maintain such margin of security in relation to the Indebtedness as may be required at any time by the Bank: 7.5.1.1 by immediately depositing in the Charged Account additional sums, up to such amount as may be notified by the Bank in the currency in which the Charged Account is denominated (or in any such account as the Bank may select); and 7.5.1.2 by immediately transferring to and depositing with the Bank title to and the certificates of title (including uncertificated securities) and policies for other intangible moveable property up to such value as may be required by the Bank. 7.5.2 The Customer agrees that the Bank shall have the power to terminate any facility where, in the Bank’s opinion, the margin of security which has been provided has become inadequate and the provision of further security would not resolve the situation satisfactorily.

Appears in 4 contracts

Samples: Terms and Conditions, Terms and Conditions, Terms and Conditions