LS Margin Account Agreement definition

LS Margin Account Agreement herein shall mean either the IB Margin Account Agreement and/or the GS Margin Account Agreement and/or any other agreement entered into with a Margin Loan Provider, as applicable to a Series of ETP Securities. The LS Margin Account Agreement sets out, amongst other things, the terms on which the Margin Loan Provider will provide certain securities accounts, margin accounts, collateral accounts, margin loans and securities loans to the Issuer in respect of each Series of ETP Securities to which it is applicable. The Portfolio Administrator has the discretion as to whether the IB Margin Account Agreement and/or the GS Margin Account Agreement shall apply with respect to a Series of ETP Securities. The Margin Loan Provider does not guarantee payment by the Issuer to the ETP Securityholders of amounts due in respect of the ETP Securities, and no ETP Securityholder will have any claim against any Margin Loan Provider in respect of amounts due in respect of any ETP Securities.
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LS Margin Account Agreement means either the IB Margin Account Agreement and/or the GS Margin Account Agreement and/or any other agreement entered into with a Margin Loan Provider, as applicable to a Series of ETP Securities.
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LS Margin Account Agreement means the New York law governed customer agreement entered into between the Issuer and the Margin Loan Provider on 16 March 2020 (as amended, supplemented, novated and/or replaced from time time).
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Examples of LS Margin Account Agreement in a sentence

  • If a Margin Account Termination Event is designated or occurs under the LS Margin Account Agreement, the last day on which the Issuer is required to accept a valid Subscription Order shall be the date of the notice designating such event.

  • If the Margin Loan Provider elects for the LS Margin Account Agreement to terminate on the last day of its scheduled term and such date falls before the Final Redemption Date of the ETP Securities the last day on which the Issuer is required to accept a valid Subscription Order shall be the fifth Exchange Business Day preceding the scheduled termination date of the LS Margin Account Agreement.

  • The LS Margin Account Agreement sets out, amongst other things, the terms on which the Margin Loan Provider will provide certain securities accounts, margin accounts, collateral accounts, margin loans and securities loans to the Issuer in respect of each Series of ETP Securities to which it is applicable.