Short Sale Transactions Sample Clauses

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. IFCF may at its discretion, for any reason and without notice, immediately cover any short security position by purchasing securities for your account.
Sample 1Sample 2See All (6)
AutoNDA by SimpleDocs
Short Sale Transactions. 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.
Sample 1Sample 2
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.
Sample 1Sample 2
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.
Sample 1
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.
Sample 1
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
Sample 1
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
Sample 1
AutoNDA by SimpleDocs

Related to Short Sale Transactions

  • Short Sales 1. Promptly after the execution of any short sales of Securities by any Series of the Fund, the Fund shall deliver to the Custodian a Certificate specifying: (a) the Series for which such short sale was made; (b) the name of the issuer-and the title of the Security; (c) the number of shares or principal amount sold, and accrued interest or dividends, if any; (d) the dates of the sale and settlement; (e) the sale price per unit; (f) the total amount credited to the Fund upon such sale, if any, (g) the amount of cash and/or the amount and kind of Securities, if any, which are to be deposited in a Margin Account and the name in which such Margin Account has been or is to be established; (h) the amount of cash and/or the amount and kind of Securities, if any, to be deposited in a Senior Security Account, and (i) the name of the broker through whom such short sale was made. The Custodian shall upon its receipt of a statement from such broker confirming such sale and that the total amount credited to the Fund upon such sale, if any, as specified in the Certificate is held by such broker for the account of the Custodian (or any nominee of the Custodian) as custodian of the Fund, issue a receipt or make the deposits into the Margin Account and the Senior Security Account specified in the Certificate. 2. Promptly after the execution of a purchase to close-out any short sale of Securities, the Fund shall promptly deliver to the Custodian a Certificate specifying with respect to each such closing out: (a) the Series for which such transaction is being made; (b) the name of the issuer and the title of the Security; (c) the number of shares or the principal amount, and accrued interest or dividends, if any, required to effect such closing-out to be delivered to the broker; (d) the dates of closing-out and settlement; (e) the purchase price per unit; (f) the net total amount payable to the Fund upon such closing-out; (g) the net total amount payable to the broker upon such closing-out; (h) the amount of cash and the amount and kind of Securities to be withdrawn, if any, from the Margin Account; (i) the amount of cash and/or the amount and kind of Securities, if any, to be withdrawn from the Senior Security Account; and (j) the name of the broker through whom the Fund is effecting such closing-out. The Custodian shall, upon receipt of the net total amount payable to the Fund upon such closing-out, and the return and/or cancellation of the receipts, if any, issued by the Custodian with respect to the short sale being closed-out, pay out of the moneys held for the account of the Fund to the broker the net total amount payable to the broker, and make the withdrawals from the Margin Account and the Senior Security Account, as the same are specified in the Certificate.

  • Prohibition of Short Sales and Hedging Transactions The Investor agrees that beginning on the date of this Agreement and ending on the date of termination of this Agreement as provided in Section 11, the Investor and its agents, representatives and affiliates shall not in any manner whatsoever enter into or effect, directly or indirectly, any (i) “short sale” (as such term is defined in Rule 200 of Regulation SHO of the Exchange Act) of the Common Stock or (ii) hedging transaction, which establishes a net short position with respect to the Common Stock.

  • Acquisition Transactions The Company shall provide the holder of this Warrant with at least twenty (20) days’ written notice prior to closing thereof of the terms and conditions of any of the following transactions (to the extent the Company has notice thereof): (i) the sale, lease, exchange, conveyance or other disposition of all or substantially all of the Company’s property or business, or (ii) its merger into or consolidation with any other corporation (other than a wholly-owned subsidiary of the Company), or any transaction (including a merger or other reorganization) or series of related transactions, in which more than 50% of the voting power of the Company is disposed of.

  • Restructuring Transactions On the Effective Date, the Debtor, Newco, GP, Finance Co and Merger Co shall enter into the Consensual Transaction described in Section 3 of the Implementation Plan attached to the Transaction Support Agreement as Exhibit B. On the later of the Effective Date and the Merger Date, the Debtor and Merger Co will enter into a merger agreement under which the Debtor will merge with Merger Co, and following the merger, the Debtor will be the surviving and successor entity. The actions to implement this Plan and the Implementation Plan may include, in accordance with the consent rights in the Transaction Support Agreement: (a) the execution and delivery of appropriate agreements or other documents of merger, amalgamation, consolidation, restructuring, conversion, disposition, transfer, arrangement, continuance, dissolution, sale, purchase, or liquidation containing terms that are consistent with the terms of the Plan and the Transaction Support Agreement and that satisfy the applicable requirements of applicable law and any other terms to which the applicable Entities may agree; (b) the execution and delivery of appropriate instruments of transfer, assignment, assumption, or delegation of any asset, property, right, liability, debt, or obligation on terms consistent with the terms of the Plan and the Transaction Support Agreement and having other terms for which the applicable parties agree; (c) the filing of appropriate certificates or articles of incorporation, reincorporation, merger, consolidation, conversion, amalgamation, arrangement, continuance, or dissolution pursuant to applicable state or provincial law; (d) the execution and delivery of contracts or agreements, including, without limitation, transition services agreements, employment agreements, or such other agreements as may be deemed reasonably necessary to effectuate the Plan in accordance with the Transaction Support Agreement; and (e) all other actions that the applicable Entities determine to be necessary, including making filings or recordings that may be required by applicable law in connection with the Plan.

  • No Short Sales Buyer/Holder, its successors and assigns, agree that so long as the Note remains outstanding, the Buyer/Holder shall not enter into or effect “short sales” of the Common Stock or hedging transaction which establishes a short position with respect to the Common Stock of the Company. The Company acknowledges and agrees that upon delivery of a Conversion Notice by the Buyer/Holder, the Buyer/Holder immediately owns the shares of Common Stock described in the Conversion Notice and any sale of those shares issuable under such Conversion Notice would not be considered short sales.

  • Pre-Closing Transactions Prior to the purchase of the Initial Securities on the Closing Date, the Pre-Closing Transactions shall have been duly consummated at the respective times and on the terms contemplated by this Agreement, the General Disclosure Package and the Prospectus and the Representatives shall have received such evidence that the Pre-Closing Transactions have been consummated as the Representatives may reasonably request.

  • Initial Business Combination Except as disclosed in the Registration Statement, the Statutory Prospectus and the Prospectus, prior to the date hereof, the Company has not identified any business combination target and it has not, nor has anyone on its behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.

  • Closing Transactions On the terms and subject to the conditions set forth in this Agreement, the following transactions shall occur in the order set forth in this Section 2.1:

  • No Speculative Transactions No Credit Party shall engage in any transaction involving commodity options, futures contracts or similar transactions, except solely to hedge against fluctuations in the prices of commodities owned or purchased by it and the values of foreign currencies receivable or payable by it and interest swaps, caps or collars.

  • Failure to Consummate Business Combination The Placement Warrants shall be terminated upon the dissolution of the Company or in the event that the Company does not consummate the Business Combination within 24 months from the completion of the IPO.

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