Margin Position Sample Clauses

Margin Position. 5.1 The Customer shall maintain at all times the level of margin position ("Margin Position"), which for the purposes of this Agreement shall mean the aggregate Marginable Value of the Collateral, being equal to or more than the aggregate amount outstanding under the Margin Facilities. Without prejudice to the other rights of FSL and the obligations of the Customer under this Agreement, if at any time, the Margin Position shall be less than such amount outstanding and notified by FSL to the Customer from time to time, the Customer shall forthwith upon demand from FSL transfer or otherwise deposit with FSL additional Securities to be Charged in favor of FSL pursuant to the terms of this Agreement to form part of the Charged Securities or, alternatively, deposit cash in the Margin Account to satisfy such requirement of FSL or to reduce the aggregate amount outstanding under the Margin Facilities to a level satisfactory to FSL. 5.2 (a) Without prejudice to Clause 35 of Section I of these Terms and Conditions, if at any time the Margin Position shall fall below the amount outstanding under the Margin Facilities and the Customer fails to transfer or otherwise deposit additional Securities to be charged in favor of FSL to form part of the Charged Securities or pay sufficient cash into the Margin Account to reduce the aggregate amount outstanding under the Margin Facilities so as to maintain the Margin Position equal to or more than the amount outstanding under Margin Facilities immediately upon receipt of FSL's request to do so, FSL may without demand, notice, legal process or other action at any time thereafter terminate the Margin Facilities and sell, realise, redeem or liquidate, as appropriate, such of the Charged Securities or any part thereof as FSL in its absolute discretion thinks fit, free from all trusts, claims, rights of redemption and equities of the Customer; and
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Margin Position a set of FIs purchased or sold as a result of a Margin Transaction.
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Margin Position. 5.1 The Customer shall maintain at all times the level of margin position ("Margin Position"), which for the purposes of this Agreement shall mean the aggregate Marginable Value of the Collateral, being equal to or more than the aggregate amount outstanding under the Margin Facilities. Without prejudice to the other rights of MSL and the obligations of the Customer under this Agreement, if at any time, the Margin Position shall be less than such amount outstanding and notified by MSL to the Customer from time to time, the Customer shall forthwith upon demand from MSL transfer or otherwise deposit with MSL additional Securities to be Charged in favor of MSL pursuant to the terms of this Agreement to form part of the Charged Securities or, alternatively, deposit cash in the Margin Account to satisfy such requirement of MSL or to reduce the aggregate amount outstanding under the Margin Facilities to a level satisfactory to MSL. (a) Without prejudice to Clause 35 of Section I of these Terms and Conditions, if at any time the Margin Position shall fall below the 5.
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Related to Margin Position

  • Open Positions In order to ensure that all interested employees are advised of employment opportunities, notice of job vacancies for regular full or part time positions will be sent to the Union, and job announcements will be posted on designated bulletin boards in the office. In addition, information about all job vacancies will be available to employees by calling the office and in pay envelopes. All regular full or part time vacancies will be posted and filled in accordance with this Agreement. Postings will include position requirements, minimum qualifications, substitute and preferred qualifications (if any) and base rate of pay.

  • New Position An approved position not reflected in the current year budget complement.

  • Term Position A position occupied by a full-time or part-time nurse for a specified period of time, up to a maximum of sixty (60) weeks, where patient/client/resident census or workload necessitates a temporary increase in staffing, if mutually agreed, to replace a nurse(s) who is/are on vacation or leave of absence, or to carry out a special short term project or where the Employer has provided notice of permanent deletion of position(s) under the Memorandum of Understanding regarding Employment Security, or as otherwise mutually agreed between the Union and the Employer. If the Employer determines there is a term position to be filled by a nurse, the term position shall be posted in accordance with Article 30. This shall not preclude the Employer from utilizing part-time nurses and/or casual nurses to work available shifts as specified in Articles 34 and 35 when the Employer decides that a term position is not required. The Employer shall provide written confirmation of the start and expiry dates of the term position prior to the nurse's commencement in the position. This period may be extended if the Employer so requests and the Union agrees. The maximum duration specified in paragraph 1 above for term positions shall not apply in situations where a nurse is absent indefinitely due to Workers Compensation and/or illness and/or accident or where there is a temporary vacancy due to leave for Public Office. In these cases, the Employer shall state on the job posting that the said term position is an "Indefinite Term" which will expire subject to a minimum of twenty-four

  • Financial Position The Borrower has heretofore furnished to the Lenders its consolidated balance sheet and statements of income, stockholders’ equity and cash flows as of and for (a) the fiscal years ended December 31, 2014 and 2013 reported on by Ernst & Young LLP, independent public accountants and (b) the six months ended June 30, 2015. Such financial statements present fairly, in all material respects, the financial position and results of operations and cash flows of the Borrower and its consolidated subsidiaries as of such dates and for such periods in accordance with GAAP, subject to year-end audit adjustments and the absence of footnotes in the case of the statements referred to in clause (b) above.

  • Funds from Operations The ratio of Funds from Operations to Total Debt for such Relevant Entity in any fiscal year is greater than the ratio specified in the Election Sheet; or