Margin Calls. After the initial margin for a transaction has been received, subsequent margin calls may be made by Pershing at its discretion. Pershing shall calculate the maintenance requirement and notify Broker of any amounts due. Broker shall be responsible for forwarding the margin call to its customer and obtaining the amount due directly from Broker's customer. If Broker fails to take the appropriate action, Pershing reserves the right to collect the amount due directly from Broker's customer. Broker agrees to cooperate with Pershing in complying with and obtaining margin in response to such calls.
Appears in 2 contracts
Sources: Fully Disclosed Clearing Agreement (Southern Trust Securities Holding Corp), Fully Disclosed Clearing Agreement (Broadpoint Securities Group, Inc.)
Margin Calls. After the initial margin for a transaction has been received, subsequent margin calls may be made by Pershing at its discretion. Pershing shall calculate the maintenance requirement and Pg. 4 notify Broker of any amounts due. Broker shall be responsible for forwarding the margin call to its customer and obtaining the amount due directly from Broker's customer. If Broker fails to take the appropriate action, Pershing reserves the right to collect the amount due directly from Broker's customer. Broker agrees to cooperate with Pershing in complying with and obtaining margin in response to such calls.
Appears in 1 contract
Sources: Fully Disclosed Clearing Agreement (Broadpoint Securities Group, Inc.)
Margin Calls. After the initial margin for a transaction has been ------------ received, subsequent margin calls may be made by Pershing at its discretion. Pershing shall calculate the maintenance requirement and notify Broker of any amounts due. Broker shall be responsible for forwarding issuing the margin call to its customer and obtaining the amount due directly from Broker's customer. If Broker fails to take the appropriate action, Pershing reserves the right to collect the amount due directly from Broker's customer. Broker agrees to cooperate with Pershing in complying with and obtaining margin in response to such calls.
Appears in 1 contract
Sources: Fully Disclosed Clearing Agreement (Ziegler Companies Inc)
Margin Calls. After the initial margin for a transaction has been received, subsequent margin calls may be made by Pershing at its discretion. Pershing shall calculate the maintenance requirement and notify Broker of any amounts due. Broker shall be responsible for forwarding the margin call to its customer and obtaining the amount due directly from Broker's ’s customer. If Broker fails to take the appropriate action, Pershing reserves the right to collect the amount due directly from Broker's ’s customer. Broker agrees to cooperate with Pershing in complying with and obtaining margin in response to such calls.
Appears in 1 contract
Sources: Fully Disclosed Clearing Agreement (Gleacher & Company, Inc.)
Margin Calls. After the initial margin for a transaction has been received, subsequent margin calls may be made by Pershing at its discretiondiscretion but in a prompt and timely manner. Pershing shall calculate the maintenance requirement and promptly notify Broker of any amounts due. Broker shall be responsible for forwarding issuing the margin call to its customer and obtaining the amount due directly from Broker's customer. If Broker fails to take the appropriate action, Pershing reserves the right to collect the amount due directly from Broker's customer. Broker agrees to cooperate with Pershing in complying with and obtaining margin in response to such calls.
Appears in 1 contract
Sources: Fully Disclosed Clearing Agreement (Siebert Financial Corp)
Margin Calls. After the initial margin for a transaction has been received, subsequent margin calls may be made by Pershing at its discretion. Pershing shall calculate the maintenance requirement and notify Broker of any amounts due. Broker shall be responsible for forwarding issuing the margin call to its customer and obtaining the amount due directly from Broker's customer. If Broker fails to take the appropriate action, Pershing reserves the right to collect the amount due directly from Broker's customer. Broker agrees to cooperate with Pershing in complying with and obtaining margin in response to such calls.
Appears in 1 contract
Sources: Fully Disclosed Clearing Agreement (American Portfolios Holdings Inc)
Margin Calls. After the initial margin for a transaction has been received, subsequent margin calls may be made by Pershing at its discretion. Pershing shall calculate the maintenance requirement and notify Broker of any amounts due. Broker shall be responsible for forwarding issuing the margin call to its customer and obtaining the amount due directly from Broker's ’s customer. If Broker fails to take the appropriate action, Pershing reserves the right to collect the amount due directly from Broker's ’s customer. Broker agrees to cooperate with Pershing in complying with and obtaining margin in response to such calls.
Appears in 1 contract
Sources: Fully Disclosed Clearing Agreement (International Assets Holding Corp)
Margin Calls. After the initial margin for a transaction has been received, subsequent margin calls may be made by Pershing at its discretion. Pershing shall calculate the maintenance requirement and notify Broker of any amounts due. Broker shall be responsible for forwarding issuing the margin call to its customer and obtaining the amount due directly from Broker's customer. If Broker fails to take the appropriate action, Pershing reserves the right to collect the amount due directly from Broker's customer. Broker agrees to agre▇▇ ▇▇ cooperate with Pershing ▇▇▇▇▇ing in complying with and obtaining ob▇▇▇▇▇▇▇ margin in response to such calls.
Appears in 1 contract
Sources: Fully Disclosed Clearing Agreement (American Portfolios Holdings Inc)