Margin Percentage with respect to any repurchase transaction shall be 102% or such other percentage as is agreed to by Seller and the Participating Funds (except that in no event shall the Margin Percentage be less than 100%).
Margin Percentage with respect to any repurchase transaction shall be 102% or such other percentage as is agreed to by Seller and the Participating Funds (except that in no event shall the Margin Percentage be less than 100%). (m) "Market Value" shall have the meaning set forth in Paragraph 4 of the Master Agreement. (n) "Master Agreement" shall have the meaning set forth in the preamble of this Agreement. (o) "1940 Act" shall mean have the meaning set forth in Paragraph 3(c) of this Agreement. (p) "Partial Payment" shall have the meaning set forth in Section 4(g) of this Agreement. (q) "Participating Funds" shall mean those Funds that are parties to a particular repurchase transaction effected through the Joint Trading Account. (r) "Pricing Rate" shall mean the per annum percentage rate agreed to by Seller and the Participating Funds for a repurchase transaction. (s) "Pricing Services" shall have the meaning set forth in Paragraph 7 of this Agreement. (t) "Repo Custodian" shall have the meaning set forth in the preamble of this Agreement. (u) "Repurchase Date" shall mean the date fixed by agreement between Seller and the Participating Funds on which the Seller is to repurchase Securities and Cash Collateral, if any, from the Participating Funds and the Participating Funds are to resell the Securities and Cash Collateral, if any, including any date determined by application of the provisions of Paragraphs 7 and 15 of the Master Agreement. (v) "Repurchase Price" for each repurchase transaction shall mean the Sale Price, plus an incremental amount determined by applying the Pricing Rate to the Sale Price, calculated on the basis of a 360-day year and the number of actual days elapsed from (and including) the Sale Date to (but excluding) the Repurchase Date. (w) "Sale Date" shall mean the Banking Day on which Securities and Cash Collateral, if any, are to be sold to the Participating Funds by Seller pursuant to a repurchase transaction hereunder. (x) "Sale Price" shall mean the price agreed upon by the Participating Funds and Seller at which the Securities and Cash Collateral, if any, are to be sold to the Participating Funds by Seller. (y) "Securities" shall mean all Eligible Securities delivered by Seller or to be delivered by Seller to the Participating Funds pursuant to a particular repurchase transaction and not yet repurchased hereunder, together with all rights related thereto and all proceeds thereof. (z) "Securities System" shall have the meaning set forth in Paragrap...
Margin Percentage means, with respect to any Loan as of any date, a percentage agreed by Borrower and Lender, which shall be not less than 100%, unless (a) Borrower and Lender agree otherwise, as provided in Section 24.2, and (b) Lender is not a Customer. Notwithstanding the previous sentence, in the event that the writing or other confirmation evidencing the agreement described in clause (a) does not set out such percentage with respect to any such Loan, the Margin Percentage shall not be a percentage less than the percentage obtained by dividing (i) the Market Value of the Collateral required to be transferred by Borrower to Lender with respect to such Loan at the commencement of the Loan by (ii) the Market Value of the Loaned Securities required to be transferred by Lender to Borrower at the commencement of the Loan.
Examples of Margin Percentage in a sentence
Any increase in Margin arising from an increase in the Margin Percentage will be due and payable immediately on notice to you, including any deemed notice in accordance with clause 36 of this Client Agreement.
We will notify you of a change in the Margin Percentage on your Account on the Trading Platform, or by any other means including telephone, email, or by posting notice of increase on our Website.
Margin required by us at all times (the Margin Requirement) for each open Position being calculated as: (Quantity of Contract Units x Contract Price) x Margin Percentage You must pay to us the Margin required by us for all of your open Positions (the Total Margin Requirement).
For any Transaction in which a Fund is acting as Seller, the Buyer’s Margin Percentage shall be such percentage as the parties hereto may from time to time mutually determine; provided, that in no event shall such percentage be less than 100%.
This Initial Margin is calculated as follows: Initial Margin requirement = (Quantity of Contract Units x Contract Price) x Margin Percentage.
More Definitions of Margin Percentage
Margin Percentage shall have the meaning set forth in Section 3.1.
Margin Percentage means, with respect to any Loan as of any date, a percentage agreed to by the Borrower and the Bank, provided that in no event shall the Margin Percentage be less than 100% of the Market Value of the Loaned Securities.
Margin Percentage means, with respect to any Loan as of any date, at least 100%, unless (a) Borrower and Lender agree otherwise, as provided in Section 22.2, or Borrower in its discretion determines that applicable laws or market custom require greater THAN 100% and (b) Lender is not a Customer. Notwithstanding the previous sentence, in the event that the writing or other confirmation evidencing the agreement described in clause (a) does not set out such percentage with respect to any such Loan, the Margin Percentage shall not be a percentage less than the percentage obtained by dividing (i) the Market Value of the Collateral required to be held by Borrower for Lender with respect to such Loan at the commencement of the Loan by (ii) the Market Value of the Loaned Securities required to be transferred by Lender to Borrower at the commencement of the Loan.
Margin Percentage means one hundred and two percent (102%) or such greater percentage as may be required by State Street at the time of entering into the Securities Loan as a result of the nature of the Borrowed Securities and the Securities Loan Collateral.
Margin Percentage is defined in the Side Letter.
Margin Percentage means one hundred and two percent (102%) or such greater percentage as is agreed to by the parties pursuant to Section 1.1.
Margin Percentage means the percentage indicated on Schedule I with respect to specific types of Eligible Securities, as Schedule I may be amended from time to time.