Examples of Margin Payments in a sentence
The Borrower will deposit all Variation Margin Payments into the Variation Margin Account immediately upon receipt.
For urgent Bank Guarantee-i issuances, customers with or without a Bank Guarantee-i facility may apply for this service by providing the Bank with 100% cash cover/cash margin (Margin Payments) in the currency of the Bank Guarantee-i.
All rights, title and profit in the Margin Payments will be vested in the Bank and any un-utilised amount of the Margin Payments shall be refunded to our customer after the Bank Guarantee-i has been discharged and/or repaid in full.
This Margin Payments service is known as “GuaranteeSmart” and same day issuance (or 24 hour) service is available subject to the Bank Guarantee-i being standard bank /pre-approved formats and other criteria being fulfilled such as complete set of documents are submitted and appropriate company mandate is in place for the customer’s authorised signatories to place the Margin Payments for the services.
The parties agree and understand that all Margin Payments will be paid to the Seller in respect of the calendar quarter during which such Margin Payments accrue to the benefit of the Seller pursuant to Section 2.1(a).