Common use of Use of Margin Clause in Contracts

Use of Margin. Customer acknowledges and agrees that: i. AM UK, AM AS or their Affiliates or the Broker may use any margin in the form of securities for their own accounts or the accounts of any of their other Customers for the purposes of settling trades, in which event AM UK, AM AS and its Affiliates shall not be liable for any loss or expense whatsoever that is suffered or incurred by Customer arising out of such use; ii. AM UK may return to Customer (through AM AS) margin in the form of securities which are equivalent, but not identical to, the securities Customer originally deposited with AM AS; and iii. Margin in the form of securities may be registered in the name of AM AS, an AM AS Affiliate, or such other person as AM AS may determine. Any investments or documents of title will be held by AM AS or any third party as AM AS shall determine in relation to margin in the form of physical securities. AM AS, AM UK and their Affiliates shall not be liable for any default by any other person holding such margin.

Use of Margin. Customer acknowledges and agrees that: i. AM UKCY, AM AS or their Affiliates or the Broker may use any margin in the form of securities for their own accounts or the accounts of any of their other Customers for the purposes of settling trades, in which event AM UKCY, AM AS and its Affiliates shall not be liable for any loss or expense whatsoever that is suffered or incurred by Customer arising out of such use; ii. AM UK CY may return to Customer (through AM AS) margin in the form of securities which are equivalent, but not identical to, the securities Customer originally deposited with AM AS; and iii. Margin in the form of securities may be registered in the name of AM AS, an AM AS Affiliate, or such other person as AM AS may determine. Any investments or documents of title will be held by AM AS or any third party as AM AS shall determine in relation to margin in the form of physical securities. AM AS, AM UK CY and their Affiliates shall not be liable for any default by any other person holding such margin.