Selling Your Shares or Borrowing Against Them Will Terminate the Loan Transaction Sample Clauses

Selling Your Shares or Borrowing Against Them Will Terminate the Loan Transaction. If you sell the Fully-Paid Shares you have lent out, or if you borrow against the shares (such that the securities become margin securities and are no longer fully-paid or excess margin securities), the loan will terminate, and you and your Introducing Broker will stop receiving the Loan Fee.
AutoNDA by SimpleDocs

Related to Selling Your Shares or Borrowing Against Them Will Terminate the Loan Transaction

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!