Margin Credit definition

Margin Credit means a credit limit in respect of Margin that may be allowed to each Clearing Participant or Clearing Agency Participant, as referred to in Section 10.10A of the Operational Procedures;
View Source
Margin Credit. As of any date, the product of (i) the Margin Excess multiplied by (ii) the weighted average Applicable Percentage for all Purchased Assets (weighted by the then current outstanding Purchase Price of the Purchased Assets); provided, however, that the Margin Credit shall not exceed $5,000,000. In order to qualify as a Margin Credit, an amount of cash and cash equivalents equal to such Margin Credit must be deposited by Guarantor or its Subsidiaries in an account or accounts held at Buyer on such day.
View Source

Examples of Margin Credit in a sentence

  • The Margin Credit Limit available to the Client and the Margin Ratio may be varied by notice by West Bull Securities from time to time.

  • In the event of such an offset of an obligation of Counterparty to Transfer Eligible Collateral in respect of the Initial Margin Credit Support Amount, ICE Participant shall transfer an amount of Eligible Margin with a value equal to the amount of such offset to the Custodial Client Omnibus Margin Account, and such asset shall be deemed to be Initial Margin Posted Collateral Transferred on behalf of Counterparty for purposes of the Covered Transaction Margin Terms.

  • The Client acknowledge that a change in the Margin Credit Limit may result in a Margin Call and the Client waive any right to object on the grounds that any change is unreasonable.

  • The Purchaser will be required to comply with the Margin Credit Regulations.

  • The Provision of Clause 8(3) of this Collateral Addendum will apply unless otherwise specified in the Client Clearing Agreement and, where VM Matching Methodology is specified, subject to a separate calculation and transfer of interest amounts (Zinserträge) in respect of each of the Initial Margin Credit Support Balance and each Currency Portfolio Credit Support Balance in accordance with Clause 11(13)(xxii) second paragraph below.

  • From and following the Closing Date, the Loans and the other Obligations shall bear interest at the sum of the Base Rate plus the applicable Base Rate Margin, Credit and Security Agreement 22 subject to the provisions of Section 10.4 below regarding default rates of interest.

  • So that the Collateral Requirement has been fulfilled and that any outstanding Margin Loan does not exceed the Margin Credit Limit or the Marginable Value.

  • Notwithstanding the Margin Credit Limit as notified to the Client, West Bull Securities may at its absolute and subjective discretion extend Margin Facilities (subject to the restrictions under any applicable laws and regulations) to the Client in excess of the Margin Credit Limit and the Client shall be liable to repay the full amount of any Margin Loan given by West Bull securities.

  • Upon the failure of Counterparty to return Hypothecated Securities or Equivalent Securities pursuant to this Side Letter or Applicable Law, Customer shall be entitled, upon notice to Counterparty, to reduce the then-outstanding amount of the loan against which the Collateral was pledged by the Margin Credit Amount without any fee or penalty; provided, however, that the terms of the Committed Facility Agreement shall not change.

  • Federal Reserve Board Regulations T, U and X (the "Margin Credit Regulations") restrict the extension or maintenance of credit for the purpose of buying or carrying margin stock, including the Shares, if the credit is secured directly or indirectly thereby.