Short Sale Transactions. Any credit resulting from a short sale (including a short sale against the box) will not reduce your debit balance on which interest is charged because the securities sold short must be borrowed to make delivery to the purchaser and an amount equal to the proceeds of the short sale must be deposited with the lender. You are liable for all dividends and interest paid on securities borrowed for “short sale” purchases. The value of securities held short in your account will be “marked to the market” daily. Any resulting increase or decrease in the market value will be included in your adjusted daily debit balance. SFI may at its discretion, for any reason and without notice, immediately cover any short security position by purchasing securities for your account.
Short Sale Transactions. Any credit resulting from a short sale (including a short sale against the box) will not reduce your debit balance on which interest is charged be- cause the securities sold short must be borrowed to make delivery to the purchaser and an amount equal to the proceeds of the short sale must be deposited with the lender. You are liable for all dividends and interest paid on securities borrowed for the purpose of short sales. The value of securities held short in your account will be “marked to the market” daily. Any resulting increase or decrease in the market value will be included in your adjusted daily debit balance. SALI may at its discretion, for any reason and without notice, immediately cover any short security position by purchasing securities for your account.
Short Sale Transactions. Eighteenth. In the case that the Customer asks the Brokerage Firm to perform any Short Sale transactions on behalf of the Customer, it should request it in writing from the Brokerage Firm, which will make a prospectus available to it, which will clearly explain the characteristics, requirements, stages and risks inherent to the transaction, which should be signed by the Customer prior to performing any transactions in the terms of this chapter. Once the prospectus has been signed by the Customer, it will be considered to form an integral part of this agreement.
Short Sale Transactions. Each Holder agrees that it shall not, and that it shall prohibit its Affiliates from, engaging, directly or indirectly, in any hedging or other transaction which is designed or could reasonably be expected to lead to, or result in, or be characterized as, a sale, an offer to sell, a solicitation of offers to buy, disposition of, loan, pledge, or grant of any right with respect to the Common Stock, including without limitation effecting any short sale or having in effect any short position or any purchase, sale or grant of any right (including without limitation a put or call option) with respect to the Common Stock or any security that includes, relates to or derives any significant part of its value from the Common Stock of the Company.
Short Sale Transactions. Any credit resulting from a short (including a short sale against the box) will not reduce your debit balance on which interest is charged because the securities sold short must be borrowed to make delivery to the purchaser and an amount equal to the proceeds of the short sale must be deposited with the lender. You are liable for all dividends and interest paid on securities borrowed for the purpose of short sales. The value of securities held short in your account will be “marked to the market” daily. Any resulting increase or decrease in the market value will be included in your adjusted daily debit balance. Sterne Agee may at its discretion, for any reason and without notice, immediately cover any short security position by purchasing securities for your account.
Short Sale Transactions. (a) In connection with each Short Sale Transaction, the Issuer shall: (i) At the time the Bank Loan or Security relating to such Short Sale Transaction is sold, deposit Cash or U.S. Government Securities in a Short Sale Customer Account in an amount as determined by the Investment Manager equal to the excess, if any, of (A) the Market Value of the Bank Loan or Security relating to such Short Sale Transaction as determined as of the time the Bank Loan or Security relating to such Short Sale Transaction is sold, over (B) the amount of any Cash or U.S. Government Securities required to be deposited by the Issuer in a Short Sale Broker Account in connection with such Short Sale Transaction; and
Short Sale Transactions. Broker-Dealer represents that, in giving or transmitting an order to sell any security through the Global OTC System, Broker-Dealer or its customer owns the security and agrees to deliver it to ATS or its settlement agent by the applicable settlement date. Where Broker-Dealer or its customer does not own the security, Broker-Dealer represents and warrants that for each transaction that would constitute a short sale Broker-Dealer shall transact such sale in accordance with SEC Reg SHO and or any applicable regulations governing short sale transactions as may be amended from time to time. Unless a transaction is exempt from short sale restrictions, Broker-Dealer agrees that neither it nor any other party acting on its behalf will effect a short sale or enter an order that if executed would constitute a short sale without entering into the Global OTC System the designated electronic indicator that such sale is or would be a short sale and a locate has been performed. If Broker-Dealer is not a member of FINRA, Broker-Dealer and all parties acting on its behalf shall provide all appropriate assistance to ATS in order for ATS to comply with all applicable rules and regulations to locate securities to be delivered to settle and clear any such short sale.
Short Sale Transactions. One hundred eighth.- The Client and the Bank agree the legal relationships derived from the Short Sale Transactions are subject to the provisions of this Contract, other provisions included in this Contract, Notices jointly issued by the Commission and Banco de Mexico, and other general nature provisions issued in the future by the Stock Market authorities. One hundred ninth.- The Short Sale transactions concluded by the Bank with or on behalf of the Client are object of this Contract, hence the Client grants the Bank an extension of the conferred order, in accordance to the instructions given and serving the applicable norm provisions issued by the competent authorities and those issued in the future. One hundred tenth.- Only shares, ordinary participation certificates and equity certificates are subject to Short Sale Transactions, which correspond to high or medium trading category in accordance to the criteria established for the purposes by the Bank, as well as those that are authorized in the future for the purposes by the Commission through general nature provisions. The Bank may not perform a short sale of any Security below the price it was made on the last Stock’s transaction, nor at the same price, unless the price is the consequence of an upward movement in share price. CHAPTER XV
