Common use of Selling Your Shares or Borrowing Against Them Will Terminate the Loan Transaction Clause in Contracts

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.

Appears in 4 contracts

Samples: Customer Account Agreement, Master Securities Lending Agreement, Master Securities Lending Agreement

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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, terminate and you and your Introducing Broker will stop receiving the Loan Feeloan fee.

Appears in 1 contract

Samples: Master Securities Lending Agreement

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