Common use of Margin Facility Clause in Contracts

Margin Facility. 2.1 The Facility is extended to the Client in accordance with the provisions set out in this Schedule, any fee and charges advised from EISHK to the Client and in the Agreement for Securities Trading Account (collectively known as “Margin Facility Terms”). The Client agrees to use the Facility in connection with the acquisition or holding of Securities by EISHK for the Client. 2.2 Subject to Clause 2.4 below, EISHK may grant the Client Facility of such amount up to the Credit Limit as may be notified to the Client from time to time. The Credit Limit available to the Client and the Margin Ratio may be varied by notice by ▇▇▇▇▇ from time to time. Notwithstanding the Credit Limit as notified to the Client, EISHK may at its discretion extend Facility to the Client in excess of the Credit Limit and the Client agrees that the Client shall be liable to repay the full amount of any Facility given by EISHK in accordance with Clause 6.1 in this Schedule.

Appears in 3 contracts

Sources: Securities Trading Account Agreement, Agreement for Securities Trading Account, Securities Trading Account Agreement

Margin Facility. 2.1 The Facility is extended to the Client in accordance with the provisions set out in this Schedule, any fee and charges advised from EISHK to the Client and in the Agreement for Securities Trading Account (collectively known as “Margin Facility Terms”). The Client agrees to use the Facility in connection with the acquisition or holding of Securities by EISHK for the Client. 2.2 Subject to Clause 2.4 below, EISHK may grant the Client Facility of such amount up to the Credit Limit as may be notified to the Client from time to time. The Credit Limit available to the Client and the Margin Ratio may be varied by notice by ▇▇▇▇▇ EISHK from time to time. Notwithstanding the Credit Limit as notified to the Client, EISHK may at its discretion extend Facility to the Client in excess of the Credit Limit and the Client agrees that the Client shall be liable to repay the full amount of any Facility given by EISHK in accordance with Clause 6.1 in this Schedule.

Appears in 1 contract

Sources: Agreement for Securities Trading Account