Common use of Margin Facility Clause in Contracts

Margin Facility. 2.1 The Margin Facility is extended by The Broker to the Client for financing the trading of securities (other than Exchange Traded Options) in Margin Account on the Additional Terms For Margin Accounts and any other terms and conditions which may be indicated by The Broker to the Client from time to time. 2.2 The Broker is authorized by the Client to draw on the Margin Facility to settle any amounts due to The Broker in respect of purchase of securities and to finance continued holding of securities, the payment of commission, interest and any other expenses incidental to the operation of the Margin Account and any other sums owing to The Broker and M&F Asset Management. The Margin Facility is repayable on demand and The Broker may, in its absolute discretion, vary the terms in this Clause 2 or terminate the Margin Facility at any time it thinks fit. The Broker is not obliged in any way to provide financial accommodation to the Client. 2.3 The Client shall provide and maintain adequate Collateral and provide such additional Collateral in the manner and within the time limit specified by The Broker for the compliance with the margin requirements set by The Broker. The Broker in its absolute discretion determines the amount, type and form, manner of delivery, calculation basis of permissible value and timing of the delivery of the required Collateral. The Broker may change the margin requirements at any time in its absolute discretion without prior notice to the Client. Any failure of the Client in providing the required Collateral in Clauses 2.3 or 2.4 or 2.5, constitutes an Event of Default and The Broker is entitled to dispose of any of the Collateral without prior notice to the Client. 2.4 The time for provision of Collateral and for payment of margin deposit is of essential and if no time is stipulated by The Broker in making a demand for Collateral or margin deposit, the Client is required to comply with such demand within two hours from the time of making such demand (or in a shorter period if so required by The Broker). The Client also agrees to pay immediately in full on demand any amount owing under the Margin Facility. All initial and subsequent payments for margin deposits shall be made in cleared funds and in such currency and in such amounts as The Broker may in its sole direction require. 2.5 Notwithstanding Clauses 2.3 and 2.4, in the event that it is in the sole opinion of The Broker that it is impracticable for The Broker to make demand on the Client for additional Collateral pursuant to Clause 2.3, The Broker shall be deemed to have made such demand of additional Collateral in such form and amount as The Broker may determine and such demand shall become immediately due and payable by the Client. The aforesaid impracticality may be due to the following (without limitation) rapid changes or development involving prospective changes: (a) in the local, national or international monetary, financial, economic or political conditions or foreign exchange controls which has resulted or is in the opinion of The Broker likely to result in a material or adverse fluctuation in the stock market, currency market, commodities or futures market in Hong Kong and/or overseas; or (b) which is or may be of a material adverse nature affecting the conditions of the Client or operations of the Margin Account. 2.6 The Client shall pay interest on the outstanding amount of the Margin Facilities from time to time at such rate and in such manner as determined by The Broker from time to time. Interest will accrue on the outstanding amount of the Margin Facilities on daily basis and the accrued interest will be deducted from the Margin Account on a monthly basis and shall be payable at any time upon the demand made by The Broker.

Margin Facility. 2.1 The Margin Facility is extended by The the Broker to the Client for financing the trading of securities (other than Exchange Traded Options) in Margin Account on the Additional Terms For for Margin Accounts and any other terms and conditions which may be indicated by The the Broker to the Client from time to time. 2.2 The Broker is authorized by the Client to draw on the Margin Facility to settle any amounts due to The the Broker in respect of purchase of securities and to finance continued holding of securities, the payment of commission, interest and any other expenses incidental to the operation of the Margin Account and any other sums owing to The the Broker and M&F Asset Managementthe Broker Group Companies. The Margin Facility is repayable on demand and The the Broker may, in its absolute discretion, vary the terms in this Clause 2 or terminate the Margin Facility at any time it thinks fit. The Broker is not obliged in any way to provide financial accommodation to the Client. For the avoidance of doubt, if a debit balance arises in any Margin Account, the Broker shall not be, nor shall the Broker be deemed to be, obliged to make available or continue to make available any financial accommodation. In particular, but without limitation, the fact that the Broker permits a debit balance to arise in any Margin Account so debited shall not imply any obligation on the part of the Broker to advance monies or incur any obligation on the Client's behalf on any subsequent occasion, but without prejudice to the obligations of the Client in respect of any debit balance which the Broker does permit to arise. 2.3 The Client shall provide and maintain adequate Collateral and provide such additional Collateral in the manner and within the time limit specified by The the Broker for the compliance with the margin requirements set by The the Broker. The Broker in its absolute discretion determines the amount, type and form, manner of delivery, calculation basis of permissible value and timing of the delivery of the required Collateral. The Broker may change the margin requirements at any time in its absolute discretion without prior notice to the Client. Any failure of the Client in providing the required Collateral in Clauses 2.3 or 2.4 or 2.5, constitutes an Event of Default and The the Broker is entitled to dispose of any of the Collateral without prior notice to the Client. 2.4 The time for provision of Collateral and for payment of margin deposit is of essential the essence and if no time is stipulated by The the Broker in making a demand for Collateral or margin deposit, the Client is required to comply with such demand within two hours one hour from the time of making such demand (or in a shorter period if so required by The the Broker). The Client also agrees to pay immediately in full on demand any amount owing under the Margin Facility. All initial and subsequent payments for margin deposits shall be made in cleared funds and in such currency and in such amounts as The the Broker may in its sole direction require. 2.5 Notwithstanding Clauses 2.3 and 2.4, in the event that it is in the sole opinion of The the Broker that it is impracticable for The the Broker to make demand on the Client for additional Collateral pursuant to Clause 2.3, The Broker the broker shall be deemed to have made such demand of additional Collateral in such form and amount as The the Broker may determine and such demand shall become immediately due and payable by the Client. The aforesaid impracticality may be due to the following (without limitation) rapid changes or development involving prospective changes: (aA) in the local, national or international monetary, financial, economic or political conditions or foreign exchange controls which has resulted or is in the opinion of The the Broker likely to result in a material or adverse fluctuation in the stock market, currency market, commodities or futures market in Hong Kong and/or overseas; or (bB) which is or may be of a material adverse nature affecting the conditions of the Client or operations of the Margin Account. 2.6 The Client shall pay interest on the outstanding amount of the Margin Facilities from time to time at such rate and in such manner as determined by The the Broker from time to time. Interest will accrue on the outstanding amount of the Margin Facilities on daily basis and the accrued interest will be deducted from the Margin Account on a monthly basis and shall be payable at any time upon the demand made by The the Broker.

Margin Facility. 2.1 2.1. The Margin Facility is extended by The the Broker to the Client for financing the trading of securities (other than Exchange Traded Options) Securities in Margin Account on the Additional Terms For these Margin Accounts Terms and Conditions and any other terms and conditions which may be indicated by The the Broker to the Client from time to time. 2.2 2.2. The Broker is authorized by the Client to draw on the Margin Facility to settle any amounts due to The the Broker in respect of purchase of securities Securities and to finance continued holding of securities, the payment of commission, interest and any other expenses incidental to the operation of the Margin Account and any other sums owing to The the Broker and M&F Asset ManagementRelated Persons of the Broker. The Margin Facility is repayable on demand and The the Broker may, in its absolute discretion, vary the terms in this Clause 2 or terminate the Margin Facility at any time it thinks fit. The Broker is not obliged in any way to provide financial accommodation to the Client. For the avoidance of doubt, if a debit balance arises in any Margin Account, the Broker shall not be, nor shall the Broker be deemed to be, obliged to make available or continue to make available any financial accommodation. In particular, but without limitation, the fact that the Broker permits a debit balance to arise in any Margin Account so debited shall not imply any obligation on the part of the Broker to advance monies or incur any obligation on the Clients behalf on any subsequent occasion, but without prejudice to the obligations of the Client in respect of any debit balance which the Broker does permit to arise. 2.3 2.3. The Client shall provide and maintain adequate Collateral and provide such additional Collateral in the manner and within the time limit specified by The the Broker for the compliance with the margin requirements set by The the Broker. The Broker in its absolute discretion determines the amount, type and form, manner of delivery, calculation basis of permissible value and timing of the delivery of the required Collateral. The Broker may change the margin requirements at any time in its absolute discretion without prior notice to the Client. Any failure of the Client in providing the required Collateral in Clauses 2.3 or 2.4 or 2.5, constitutes an Event of Default and The the Broker is entitled to dispose of any of the Collateral without prior notice to the Client. 2.4 2.4. The time for provision of Collateral and for payment of margin deposit is of essential the essence and if no time is stipulated by The the Broker in making a demand for Collateral or margin deposit, the Client is required to comply with such demand within two hours one hour from the time of making such demand (or in a shorter period if so required by The the Broker). The Client also agrees to pay immediately in full on demand any amount owing under the Margin Facility. All initial and subsequent payments for margin deposits shall be made in cleared funds and in such currency and in such amounts as The the Broker may in its sole direction require. 2.5 2.5. Notwithstanding Clauses 2.3 and 2.4, in the event that it is in the sole opinion of The the Broker that it is impracticable for The the Broker to make demand on the Client for additional Collateral pursuant to Clause 2.3, The the Broker shall be deemed to have made such demand of additional Collateral in such form and amount as The the Broker may determine and such demand shall become immediately due and payable by the Client. The aforesaid impracticality may be due to the following (without limitation) rapid changes or development involving prospective changes: (aA) in the local, national or international monetary, financial, economic or political conditions or foreign exchange controls which has resulted or is in the opinion of The the Broker likely to result in a material or adverse fluctuation in the stock market, currency market, commodities or futures market in Hong Kong and/or overseas; or (bB) which is or may be of a material adverse nature affecting the conditions of the Client or operations of the Margin Account. 2.6 2.6. The Client shall pay interest on the outstanding amount of the Margin Facilities from time to time at such rate and in such manner as determined by The the Broker from time to time. Interest will accrue on the outstanding amount of the Margin Facilities on daily basis and the accrued interest will be deducted from the Margin Account on a monthly basis and shall be payable at any time upon the demand made by The the Broker.

Margin Facility. 保證金融資 2.1 The Margin Facility is extended by The the Broker to the Client for financing the trading of securities (other than Exchange Traded Options) in Margin Account on the Additional Terms For Margin Accounts and any other terms and conditions which may be indicated by The the Broker to the Client from time to time. 2.2 The Broker is authorized by the Client to draw on the Margin Facility to settle any amounts due to The the Broker in respect of purchase of securities and to finance continued holding of securities, the payment of commission, interest and any other expenses incidental to the operation of the Margin Account and any other sums owing to The Broker and M&F Asset Managementthe Broker. The Margin Facility is repayable on demand and The the Broker may, in its absolute discretion, vary the terms in this Clause 2 or terminate the Margin Facility at any time it thinks fit. The Broker is not obliged in any way to provide financial accommodation to the Client. For the avoidance of doubt, if a debit balance arises in any Margin Account, the Broker shall not be, nor shall the Broker be deemed to be, obliged to make available or continue to make available any financial accommodation. In particular, but without limitation, the fact that the Broker permits a debit balance to arise in any Margin Account so debited shall not imply any obligation on the part of the Broker to advance monies or incur any obligation on the Client's behalf on any subsequent occasion, but without prejudice to the obligations of the Client in respect of any debit balance which the Broker does permit to arise. 2.3 The Client shall provide and maintain adequate Collateral and provide such additional Collateral in the manner and within the time limit specified by The the Broker for the compliance with the margin requirements set by The the Broker. The Broker in its absolute discretion determines the amount, type and form, manner of delivery, calculation basis of permissible value and timing of the delivery of the required Collateral. The Broker may change the margin requirements at any time in its absolute discretion without prior notice to the Client. Any failure of the Client in providing the required Collateral in Clauses 2.3 or 2.4 or 2.5, constitutes an Event of Default and The the Broker is entitled to dispose of any of the Collateral without prior notice to the Client. 2.4 The time for provision of Collateral and for payment of margin deposit is of essential the essence and if no time is stipulated by The the Broker in making a demand for Collateral or margin deposit, the Client is required to comply with such demand within two hours one hour from the time of making such demand (or in a shorter period if so required by The the Broker). The Client also agrees to pay immediately in full on demand any amount owing under the Margin Facility. All initial and subsequent payments for margin deposits shall be made in cleared funds and in such currency and in such amounts as The the Broker may in its sole direction require. 2.5 Notwithstanding Clauses 2.3 and 2.4, in the event that it is in the sole opinion of The the Broker that it is impracticable for The the Broker to make demand on the Client for additional Collateral pursuant to Clause 2.3, The Broker the Company shall be deemed to have made such demand of additional Collateral in such form and amount as The the Broker may determine and such demand shall become immediately due and payable by the Client. The aforesaid impracticality may be due to the following (without limitation) rapid changes or development involving prospective changes: (aA) in the local, national or international monetary, financial, economic or political conditions or foreign exchange controls which has resulted or is in the opinion of The the Broker likely to result in a material or adverse fluctuation in the stock market, currency market, commodities or futures market in Hong Kong and/or overseas; oror 本地、國家、國際金融體系、財經、經濟或政治環境或外匯管制的狀況，而此等已經或可能出現的轉變或發展已構成或經紀認為可能構成對香港及／或海外證券、外匯、商品期貨市場的重大或不良波動；或 (bB) which is or may be of a material adverse nature affecting the conditions of the Client or operations of the Margin Account.. 此等已經或可能出現的轉變或發展已經或可能在性質上嚴重影響客戶的狀況或保證金有關帳戶的運作。 2.6 The Client shall pay interest on the outstanding amount of the Margin Facilities from time to time at such rate and in such manner as determined by The the Broker from time to time. Interest will accrue on the outstanding amount of the Margin Facilities on daily basis and the accrued interest will be deducted from the Margin Account on a monthly basis and shall be payable at any time upon the demand made by The the Broker.

Margin Facility. 2.1 The Margin Facility is extended by The the Broker to the Client for financing the trading of securities (other than Exchange Traded Options) in Margin Account on the Additional Terms For Margin Accounts Account and any other terms and conditions which may be indicated by The the Broker to the Client from time to time, and (applicable to Options Account) for financing the trading of Exchange Traded Options and the fulfilment of margin requirements of Options Account. 2.2 The Broker is authorized by the Client to draw on the Margin Facility to settle any amounts due to The the Broker in respect of purchase of securities and to finance continued holding of securities, the payment of commission, interest and any other expenses incidental to the operation operations of the Margin Account and any other sums owing to The the Broker and M&F Asset Managementthe Broker Group Companies and (applicable to Options Account) financing the trading of Exchange Traded Options and the fulfilment of margin requirements of Options Account for the fulfilment of margin requirements of Options Account. The Margin Facility is repayable on demand and The the Broker may, in its absolute discretion, vary the terms in this Clause 2 or terminate the Margin Facility at any time it thinks fit. The Broker is not obliged in any way to provide financial accommodation to the Client. For the avoidance of doubt, if a debit balance arises in any Margin Account, the Broker shall not be, nor shall the Broker be deemed to be, obliged to make available or continue to make available any financial accommodation. In particular, but without limitation, the fact that the Broker permits a debit balance to arise in any Margin Account so debited shall not imply any obligation on the part of the Broker to advance monies or incur any obligation on the Client's behalf on any subsequent occasion, but without prejudice to the obligations of the Client in respect of any debit balance which the Broker does permit to arise. 2.3 The Client shall provide and maintain adequate Collateral and provide such additional Collateral in the manner and within the time limit specified by The the Broker for the compliance with the margin requirements set by The the Broker. The Broker in its absolute discretion determines the amount, type and form, manner of delivery, calculation basis of permissible value and timing of the delivery of the required Collateral. The Broker may change the margin requirements at any time in its absolute discretion without prior notice to the Client. Any failure of the Client in providing the required Collateral in Clauses 2.3 or 2.4 or 2.5, constitutes an Event of Default and The the Broker is entitled to dispose of any of the Collateral without prior notice to the Client. 2.4 The time for provision of Collateral and for payment of margin deposit is of essential essence and if no time is stipulated by The the Broker in making a demand for Collateral or margin deposit, the Client is required to comply with such demand within two hours one hour from the time of making such demand (or in a shorter period if so required by The the Broker). The Client also agrees to pay immediately in full on demand any amount owing under the Margin Facility. All initial and subsequent payments for margin deposits shall be made in cleared funds and in such currency and in such amounts as The the Broker may in its sole direction require. 2.5 Notwithstanding Clauses 2.3 and 2.4, in the event that it is in the sole opinion of The the Broker that it is impracticable for The the Broker to make demand on the Client for additional Collateral pursuant to Clause 2.3, The Broker the Company shall be deemed to have made such demand of additional Collateral in such form and amount as The the Broker may determine and such demand shall become immediately due and payable by the Client. The aforesaid impracticality may be due to the following (without limitation) rapid changes or development involving prospective changes: (aA) in the local, national or international monetary, financial, economic or political conditions or foreign exchange controls which has resulted or is in the opinion of The the Broker likely to result in a material or adverse fluctuation in the stock market, currency market, commodities or futures market in Hong Kong and/or overseas; or (bB) which is or may be of a material adverse nature affecting the conditions of the Client or operations of the Margin Account. 2.6 The Client shall pay interest on the outstanding amount of the Margin Facilities from time to time at such rate and in such manner as determined by The the Broker from time to time. Interest will accrue on the outstanding amount of the Margin Facilities on daily basis and the accrued interest will be deducted from the Margin Account on a monthly basis and shall be payable at any time upon the demand made by The the Broker.

Margin Facility. 保證金融資 2.1 The Margin Facility is extended by The the Broker to the Client for financing the trading of securities (other than Exchange Traded Options) in Margin Account on the Additional Terms For Margin Accounts and any other terms and conditions which may be indicated by The the Broker to the Client from time to time. 2.2 The Broker is authorized by the Client to draw on the Margin Facility to settle any amounts due to The the Broker in respect of purchase of securities and to finance continued holding of securities, the payment of commission, interest and any other expenses incidental to the operation of the Margin Account and any other sums owing to The Broker and M&F Asset Managementthe Broker. The Margin Facility is repayable on demand and The the Broker may, in its absolute discretion, vary the terms in this Clause 2 or terminate the Margin Facility at any time it thinks fit. The Broker is not obliged in any way to provide financial accommodation to the Client.. For the avoidance of doubt, if a debit balance arises in any Margin Account, the Broker shall not be, nor shall the Broker be deemed to be, obliged to make available or continue to make available any financial accommodation. In particular, but 2.3 The Client shall provide and maintain adequate Collateral and provide such additional Collateral in the manner and within the time limit specified by The the Broker for the compliance with the margin requirements set by The the Broker. The Broker in its absolute discretion determines the amount, type and form, manner of delivery, calculation basis of permissible value and timing of the delivery of the required Collateral. The Broker may change the margin requirements at any time in its absolute discretion without prior notice to the Client. Any failure of the Client in providing the required Collateral in Clauses 2.3 or 2.4 or 2.5, constitutes an Event of Default and The the Broker is entitled to dispose of any of the Collateral without prior notice to the Client. 2.4 The time for provision of Collateral and for payment of margin deposit is of essential the essence and if no time is stipulated by The the Broker in making a demand for Collateral or margin deposit, the Client is required to comply with such demand within two hours one hour from the time of making such demand (or in a shorter period if so required by The the Broker). The Client also agrees to pay immediately in full on demand any amount owing under the Margin Facility. All initial and subsequent payments for margin deposits shall be made in cleared funds and in such currency and in such amounts as The the Broker may in its sole direction require. 2.5 Notwithstanding Clauses 2.3 and 2.4, in the event that it is in the sole opinion of The the Broker that it is impracticable for The the Broker to make demand on the Client for additional Collateral pursuant to Clause 2.3, The Broker the Company shall be deemed to have made such demand of additional Collateral in such form and amount as The the Broker may determine and such demand shall become immediately due and payable by the Client. The aforesaid impracticality may be due to the following (without limitation) rapid changes or development involving prospective changes: (aA) in the local, national or international monetary, financial, economic or political conditions or foreign exchange controls which has resulted or is in the opinion of The the Broker likely to result in a material or adverse fluctuation in the stock market, currency market, commodities or futures market in Hong Kong and/or overseas; oror 本地、國家、國際金融體系、財經、經濟或政治環境或外匯管制的狀況，而此等已經或可能出現的轉變或發展已構成或經紀認為可能構成對香港及／或海外證券、外匯、商品期貨市場的重大或不良波動；或 (bB) which is or may be of a material adverse nature affecting the conditions of the Client or operations of the Margin Account.. 此等已經或可能出現的轉變或發展已經或可能在性質上嚴重影響客戶的狀況或保證金有關帳戶的運作。 2.6 The Client shall pay interest on the outstanding amount of the Margin Facilities from time to time at such rate and in such manner as determined by The the Broker from time to time. Interest will accrue on the outstanding amount of the Margin Facilities on daily basis and the accrued interest will be deducted from the Margin Account on a monthly basis and shall be payable at any time upon the demand made by The the Broker.

Margin Facility. 2.1 The Margin Facility is extended by The Broker to the Client for financing the trading of securities (other than Exchange Traded Options) in Margin Account on the Additional Terms For Margin Accounts and any other terms and conditions which may be indicated by The Broker to the Client from time to time. 2.2 The Broker is authorized by the Client to draw on the Margin Facility to settle any amounts due to The Broker in respect of purchase of securities and to finance continued holding of securities, the payment of commission, interest and any other expenses incidental to the operation of the Margin Account and any other sums owing to The Broker and M&F Asset ManagementSOLOMON. The Margin Facility is repayable on demand and The Broker may, in its absolute discretion, vary the terms in this Clause 2 or terminate the Margin Facility at any time it thinks fit. The Broker is not obliged in any way to provide financial accommodation to the Client. 2.3 The Client shall provide and maintain adequate Collateral and provide such additional Collateral in the manner and within the time limit specified by The Broker for the compliance with the margin requirements set by The Broker. The Broker in its absolute discretion determines the amount, type and form, manner of delivery, calculation basis of permissible value and timing of the delivery of the required Collateral. The Broker may change the margin requirements at any time in its absolute discretion without prior notice to the Client. Any failure of the Client in providing the required Collateral in Clauses 2.3 or 2.4 or 2.5, constitutes an Event of Default and The Broker is entitled to dispose of any of the Collateral without prior notice to the Client. 2.4 The time for provision of Collateral and for payment of margin deposit is of essential and if no time is stipulated by The Broker in making a demand for Collateral or margin deposit, the Client is required to comply with such demand within two hours from the time of making such demand (or in a shorter period if so required by The Broker). The Client also agrees to pay immediately in full on demand any amount owing under the Margin Facility. All initial and subsequent payments for margin deposits shall be made in cleared funds and in such currency and in such amounts as The Broker may in its sole direction require. 2.5 Notwithstanding Clauses 2.3 and 2.4, in the event that it is in the sole opinion of The Broker that it is impracticable for The Broker to make demand on the Client for additional Collateral pursuant to Clause 2.3, The Broker shall be deemed to have made such demand of additional Collateral in such form and amount as The Broker may determine and such demand shall become immediately due and payable by the Client. The aforesaid impracticality may be due to the following (without limitation) rapid changes or development involving prospective changes: (a) in the local, national or international monetary, financial, economic or political conditions or foreign exchange controls which has resulted or is in the opinion of The Broker likely to result in a material or adverse fluctuation in the stock market, currency market, commodities or futures market in Hong Kong and/or overseas; or (b) which is or may be of a material adverse nature affecting the conditions of the Client or operations of the Margin Account. 2.6 The Client shall pay interest on the outstanding amount of the Margin Facilities from time to time at such rate and in such manner as determined by The Broker from time to time. Interest will accrue on the outstanding amount of the Margin Facilities on daily basis and the accrued interest will be deducted from the Margin Account on a monthly basis and shall be payable at any time upon the demand made by The Broker.

Margin Facility. 2.1 The Margin Facility is extended by The the Broker to the Client for financing the trading of securities (other than Exchange Traded Options) in Margin Account on the Additional Terms For Margin Accounts and any other terms and conditions which may be indicated by The the Broker to the Client from time to time. 2.2 The Broker is authorized by the Client to draw on the Margin Facility to settle any amounts due to The the Broker in respect of purchase of securities and to finance continued holding of securities, the payment of commission, interest and any other expenses incidental to the operation of the Margin Account and any other sums owing to The Broker and M&F Asset Managementthe Broker. The Margin Facility is repayable on demand and The the Broker may, in its absolute discretion, vary the terms in this Clause 2 or terminate the Margin Facility at any time it thinks fit. The Broker is not obliged in any way to provide financial accommodation to the Client. For the avoidance of doubt, if a debit balance arises in any Margin Account, the Broker shall not be, nor shall the Broker be deemed to be, obliged to make available or continue to make available any financial accommodation. In particular, but without limitation, the fact that the Broker permits a debit balance to arise in any Margin Account so debited shall not imply any obligation on the part of the Broker to advance monies or incur any obligation on the Client’s behalf on any subsequent occasion, but without prejudice to the obligations of the Client in respect of any debit balance which the Broker does permit to arise. 2.3 The Client shall provide and maintain adequate Collateral and provide such additional Collateral in the manner and within the time limit specified by The the Broker for the compliance with the margin requirements set by The the Broker. The Broker in its absolute discretion determines the amount, type and form, manner of delivery, calculation basis of permissible value and timing of the delivery of the required Collateral. The Broker may change the margin requirements at any time in its absolute discretion without prior notice to the Client. Any failure of the Client in providing the required Collateral in Clauses 2.3 or 2.4 or 2.5, constitutes an Event of Default and The the Broker is entitled to dispose of any of the Collateral without prior notice to the Client. 2.4 The time for provision of Collateral and for payment of margin deposit is of essential the essence and if no time is stipulated by The the Broker in making a demand for Collateral or margin deposit, the Client is required to comply with such demand within two hours one hour from the time of making such demand (or in a shorter period if so required by The the Broker). The Client also agrees to pay immediately in full on demand any amount owing under the Margin Facility. All initial and subsequent payments for margin deposits shall be made in cleared funds and in such currency and in such amounts as The the Broker may in its sole direction require. 2.5 Notwithstanding Clauses 2.3 and 2.4, in the event that it is in the sole opinion of The the Broker that it is impracticable for The the Broker to make demand on the Client for additional Collateral pursuant to Clause 2.3, The the Broker shall be deemed to have made such demand of additional Collateral in such form and amount as The the Broker may determine and such demand shall become immediately due and payable by the Client. The aforesaid impracticality may be due to the following (without limitation) rapid changes or development involving prospective changes: (aA) in the local, national or international monetary, financial, economic or political conditions or foreign exchange controls which has resulted or is in the opinion of The the Broker likely to result in a material or adverse fluctuation in the stock market, currency market, commodities or futures market in Hong Kong and/or overseas; or (bB) which is or may be of a material adverse nature affecting the conditions of the Client or operations of the Margin Account. 2.6 The Client shall pay interest on the outstanding amount of the Margin Facilities from time to time at such rate and in such manner as determined by The the Broker from time to time. Interest will accrue on the outstanding amount of the Margin Facilities on daily basis and the accrued interest will be deducted from the Margin Account on a monthly basis and shall be payable at any time upon the demand made by The the Broker.

Margin Facility. 2.1 The Margin Facility is extended by The the Broker to the Client for financing the trading of securities (other than Exchange Traded Options) in Margin Account on the Additional Terms For for Margin Accounts and any other terms and conditions which may be indicated by The the Broker to the Client from time to time. 2.2 The Broker is authorized by the Client to draw on the Margin Facility to settle any amounts due to The the Broker in respect of purchase of securities and to finance continued holding of securities, the payment of commission, interest and any other expenses incidental to the operation of the Margin Account and any other sums owing to The the Broker and M&F Asset Managementthe Broker Group Companies. The Margin Facility is repayable on demand and The the Broker may, in its absolute discretion, vary the terms in this Clause 2 or terminate the Margin Facility at any time it thinks fit. The Broker is not obliged in any way to provide financial accommodation to the Client. For the avoidance of doubt, if a debit balance arises in any Margin Account, the Broker shall not be, nor shall the Broker be deemed to be, obliged to make available or continue to make available any financial accommodation. In particular, but without limitation, the fact that the Broker permits a debit balance to arise in any Margin Account so debited shall not imply any obligation on the part of the Broker to advance monies or incur any obligation on the Client’s behalf on any subsequent occasion, but without prejudice to the obligations of the Client in respect of any debit balance which the Broker does permit to arise. 2.3 The Client shall provide and maintain adequate Collateral and provide such additional Collateral in the manner and within the time limit specified by The the Broker for the compliance with the margin requirements set by The the Broker. The Broker in its absolute discretion determines the amount, type and form, manner of delivery, calculation basis of permissible value and timing of the delivery of the required Collateral. The Broker may change the margin requirements at any time in its absolute discretion without prior notice to the Client. Any failure of the Client in providing the required Collateral in Clauses 2.3 or 2.4 or 2.5, constitutes an Event of Default and The the Broker is entitled to dispose of any of the Collateral without prior notice to the Client. 2.4 The time for provision of Collateral and for payment of margin deposit is of essential the essence and if no time is stipulated by The the Broker in making a demand for Collateral or margin deposit, the Client is required to comply with such demand within two hours one hour from the time of making such demand (or in a shorter period if so required by The the Broker). The Client also agrees to pay immediately in full on demand any amount owing under the Margin Facility. All initial and subsequent payments for margin deposits shall be made in cleared funds and in such currency and in such amounts as The the Broker may in its sole direction require. 2.5 Notwithstanding Clauses 2.3 and 2.4, in the event that it is in the sole opinion of The the Broker that it is impracticable for The the Broker to make demand on the Client for additional Collateral pursuant to Clause 2.3, The Broker the Company shall be deemed to have made such demand of additional Collateral in such form and amount as The the Broker may determine and such demand shall become immediately due and payable by the Client. The aforesaid impracticality may be due to the following (without limitation) rapid changes or development involving prospective changes: (aA) in the local, national or international monetary, financial, economic or political conditions or foreign exchange controls which has resulted or is in the opinion of The the Broker likely to result in a material or adverse fluctuation in the stock market, currency market, commodities or futures market in Hong Kong and/or overseas; or (bB) which is or may be of a material adverse nature affecting the conditions of the Client or operations of the Margin Account. 2.6 The Client shall pay interest on the outstanding amount of the Margin Facilities from time to time at such rate and in such manner as determined by The the Broker from time to time. Interest will accrue on the outstanding amount of the Margin Facilities on daily basis and the accrued interest will be deducted from the Margin Account on a monthly basis and shall be payable at any time upon the demand made by The the Broker.

Margin Facility. 2.1 The Margin Facility is extended by The Broker Jimei to the Client for financing the trading of securities (other than Exchange Traded Options) in Margin Account on the Additional Terms For for Margin Accounts and any other terms and conditions which may be indicated by The Broker ▇▇▇▇▇ to the Client from time to time. 2.2 The Broker Jimei is authorized by the Client to draw on the Margin Facility to settle any amounts due to The Broker Jimei in respect of purchase of securities and to finance continued holding of securities, the payment of commission, interest and any other expenses incidental to the operation of the Margin Account and any other sums owing to The Broker Jimei and M&F Asset Managementthe Affiliates. The Margin Facility is repayable on demand and The Broker Jimei may, in its absolute discretion, vary the terms in this Clause 2 or terminate the Margin Facility at any time it thinks fit. The Broker ▇▇▇▇▇ is not obliged in any way to provide financial accommodation to the Client. 2.3 The Client shall provide and maintain adequate Collateral and provide such additional Collateral in the manner and within the time limit specified by The Broker Jimei for the compliance with the margin requirements set by The Broker▇▇▇▇▇. The Broker Jimei in its absolute discretion determines the amount, type and form, manner of delivery, calculation basis of permissible value and timing of the delivery of the required Collateral. The Broker Jimei may change the margin requirements at any time in its absolute discretion without prior notice to the Client. Any failure of the Client in providing the required Collateral in Clauses 2.3 or 2.4 or Clause 2.5, constitutes an Event of Default and The Broker ▇▇▇▇▇ is entitled to dispose of any of the Collateral without prior notice to the Client. 2.4 The time for provision of Collateral and for payment of margin deposit is of essential and if no time is stipulated by The Broker ▇▇▇▇▇ in making a demand for Collateral or margin deposit, the Client is required to comply with such demand within two hours from the time of making such demand (or in a shorter period if so required by The BrokerJimei). The Client also agrees to pay immediately in full on demand any amount owing under the Margin Facility. All initial and subsequent payments for margin deposits shall be made in cleared funds and in such currency and in such amounts as The Broker Jimei may in its sole direction require. 2.5 Notwithstanding Clauses 2.3 and 2.4, in the event that it is in the sole opinion of The Broker ▇▇▇▇▇ that it is impracticable for The Broker Jimei to make demand on the Client for additional Collateral pursuant to Clause 2.3, The Broker ▇▇▇▇▇ shall be deemed to have made such demand of additional Collateral in such form and amount as The Broker Jimei may determine and such demand shall become immediately due and payable by the Client. The aforesaid impracticality may be due to the following (without limitation) rapid changes or development involving prospective changes: (aA) in the local, national or international monetary, financial, economic or political conditions or foreign exchange controls which has resulted or is in the opinion of The Broker Jimei likely to result in a material or adverse fluctuation in the stock market, currency market, commodities or futures market in Hong Kong and/or overseas; or (bB) which is or may be of a material adverse nature affecting the conditions of the Client or operations of the Margin Account. 2.6 The Client shall pay interest on the outstanding amount of the Margin Facilities from time to time at such rate and in such manner as determined by The Broker ▇▇▇▇▇ from time to time. Interest will accrue on the outstanding amount of the Margin Facilities on daily basis and the accrued interest will be deducted from the Margin Account on a monthly basis and shall be payable at any time upon the demand made by The Broker▇▇▇▇▇. 2.7 If there is a debit balance in any of your Accounts which is a cash account and you hold a Margin Account, interest will be calculated on each debit balance and charged to the Accounts separately. 2.8 You shall, upon our demand at any time, repay to us all principal and interest accrued thereon outstanding under the Margin Facility, but nothing in this Clause shall prejudice our rights, powers and remedies under any security document executed in our favour in respect of the Margin Facility. 2.9 Repayments of any amount outstanding under the Margin Facility may be made at any time and, subject to availability of funds and the provisions in this Schedule, amounts repaid shall be available for re-drawing.

Margin Facility. 2.1 The Margin Facility is extended by The the Broker to the Client for financing the trading of securities (other than Exchange Traded Options) in Margin Account on the Additional Terms For Margin Accounts and any other terms and conditions which may be indicated by The the Broker to the Client from time to time. 2.2 The Broker is authorized by the Client to draw on the Margin Facility to settle any amounts due to The the Broker in respect of purchase of securities and to finance continued holding of securities, the payment of commission, interest and any other expenses incidental to the operation of the Margin Account and any other sums owing to The the Broker and M&F Asset Managementthe Broker Group Companies. The Margin Facility is repayable on demand and The the Broker may, in its absolute discretion, vary the terms in this Clause 2 or terminate the Margin Facility at any time it thinks fit. The Broker is not obliged in any way to provide financial accommodation to the Client. For the avoidance of doubt, if a debit balance arises in any Margin Account, the Broker shall not be, nor shall the Broker be deemed to be, obliged to make available or continue to make available any financial accommodation. In particular, but without limitation, the fact that the Broker permits a debit balance to arise in any Margin Account so debited shall not imply any obligation on the part of the Broker to advance monies or incur any obligation on the Client's behalf on any subsequent occasion, but without prejudice to the obligations of the Client in respect of any debit balance which the Broker does permit to arise. 2.3 The Client shall provide and maintain adequate Collateral and provide such additional Collateral in the manner and within the time limit specified by The the Broker for the compliance with the margin requirements set by The the Broker. The Broker in its absolute discretion determines the amount, type and form, manner of delivery, calculation basis of permissible value and timing of the delivery of the required Collateral. The Broker may change the margin requirements at any time in its absolute discretion without prior notice to the Client. Any failure of the Client in providing the required Collateral in Clauses 2.3 or 2.4 or 2.5, constitutes an Event of Default and The the Broker is entitled to dispose of any of the Collateral without prior notice to the Client. 2.4 The time for provision of Collateral and for payment of margin deposit is of essential the essence and if no time is stipulated by The the Broker in making a demand for Collateral or margin deposit, the Client is required to comply with such demand within two hours one hour from the time of making such demand (or in a shorter period if so required by The the Broker). The Client also agrees to pay immediately in full on demand any amount owing under the Margin Facility. All initial and subsequent payments for margin deposits shall be made in cleared funds and in such currency and in such amounts as The the Broker may in its sole direction require.require.‌ 2.5 Notwithstanding Clauses 2.3 and 2.4, in the event that it is in the sole opinion of The the Broker that it is impracticable for The the Broker to make demand on the Client for additional Collateral pursuant to Clause 2.3, The Broker the Company shall be deemed to have made such demand of additional Collateral in such form and amount as The the Broker may determine and such demand shall become immediately due and payable by the Client. The aforesaid impracticality may be due to the following (without limitation) rapid changes or development involving prospective changes: (aA) in the local, national or international monetary, financial, economic or political conditions or foreign exchange controls which has resulted or is in the opinion of The the Broker likely to result in a material or adverse fluctuation in the stock market, currency market, commodities or futures market in Hong Kong and/or overseas; or (b) which is or may be of a material adverse nature affecting the conditions of the Client or operations of the Margin Account. 2.6 The Client shall pay interest on the outstanding amount of the Margin Facilities from time to time at such rate and in such manner as determined by The the Broker from time to time. Interest will accrue on the outstanding amount of the Margin Facilities on daily basis and the accrued interest will be deducted from the Margin Account on a monthly basis and shall be payable at any time upon the demand made by The the Broker.