Common use of Margin Excess Clause in Contracts

Margin Excess. From time to time but not more frequently than two (2) times during any calendar month, Seller may request that Purchaser re-determine the Market Value of any Purchased Assets that have been subject to a Margin Call. If pursuant to such re-determination Purchaser in its sole discretion determines that there exists any Margin Excess with respect to any Purchased Assets, Seller may request that Purchaser transfer cash to such Seller (resulting in a corresponding increase in the outstanding Purchase Price of the applicable Purchased Assets) in an amount not to exceed such Margin Excess, which amount shall be approved or denied by Purchaser, in its sole and absolute discretion, and if so approved, transferred to Seller within five (5) Business Days following such Seller’s written request, subject to the satisfaction of the following conditions: (i) the transfer is in an amount that is at least equal to $250,000;