Adequate Performance Assurance definition

Adequate Performance Assurance means such Collateral placed in the Special Custody Account as is adequate under the Margin Rules and Broker's internal policies in effect from time to time.

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Adequate Performance Assurance means such Collateral placed in the Special Custody Account (as such term is hereinafter defined) as is adequate under the terms of the Committed Facility Agreement and, to the extent such Committed Facility Agreement (i) has been terminated or the commitment therein has expired or (ii) is otherwise inapplicable to any portion of the Collateral, the Account Agreement.

Adequate Performance Assurance means such Collateral held in or credited to the Special Custody Account (as such term is hereinafter defined) as is adequate under the Margin Rules and the Account Agreement.

Examples of Adequate Performance Assurance in a sentence

• Client agrees to maintain Adequate Performance Assurance for Client’s Special Custody Account as agreed to by Pershing and Client, which may exceed that required by applicable rules and regulations.

• Client agrees to maintain Adequate Performance Assurance for Client’s Special Custody Account as agreed to herein by Pershing and Client, which may exceed that required by applicable rules and regulations.

• It is understood that the Counterparty will be responsible for valuing Collateral; Custodian at no time has any responsibility for determining whether the value of Collateral is equal in value to Adequate Performance Assurance.

• If a net debit balance exists on such day, the Fund will cause, by the close of business on such day, an amount of Collateral to be deposited in the Special Custody Account to provide Adequate Performance Assurance related to such net debit balance; provided that, in the event that Counterparty advises the Fund of such net debit balance after 11:00 A.M., then such amount of Collateral shall be deposited in the Special Custody Account by the close of business on the following Business Day.

More Definitions of Adequate Performance Assurance

Adequate Performance Assurance means such Collateral placed in the Special Custody Account (as such term is herein defined) as is adequate under the Margin Rules and as set forth in the Account Agreement.

Adequate Performance Assurance means such Collateral placed in the Special Custody Account and pledged to Broker in accordance with the terms hereof as is determined by Broker to be adequate under the Margin Rules, the Margin Agreement, the Options Agreement and Broker's internal policies as in effect from time to time. Collateral shall be valued by Broker at Broker's sole discretion.