Common use of Excess Collateral Clause in Contracts

Excess Collateral. Upon the request of Customer, from time to time, Broker may, if it determines such to be the case, issue an Advice to Custodian and Customer of any Collateral in any Special Custody Account which is in excess of the Adequate Margin and identify those Eligible Assets that may be removed from the Special Custody Account.

Appears in 3 contracts

Sources: Special Custody Account Agreement (Caldwell & Orkin Funds Inc), Special Custody Account Agreement (Cushing Renaissance Fund), Special Custody Account Agreement (Cushing Royalty & Income Fund)