Common use of Additional Security Requirements Clause in Contracts

Additional Security Requirements. The following provisions apply in respect of any Additional Security provided: (a) if the Additional Security is in the form of a Cash Deposit, the Distributor must pay a charge to the Trader for each day that the Distributor holds the Additional Security at a per annum rate that is calculated as follows: the Bank Xxxx Xxxxx Rate for that day, plus 15 percentage points (so that, by way of example, if the Bank Xxxx Xxxxx Rate for the relevant day is 3%, the charge will be 18%) (b) the parties agree that the charge calculated in accordance with paragraph (a) is a genuine and reasonable pre-estimate of the cost to the Trader of providing the Additional Security in the form of a Cash Deposit; (c) the Additional Security must be held as if it were part of the Cash Deposit under this Agreement; (d) if the Additional Security is in the form of security from a third party, the Distributor must pay a charge to the Trader for each day that the Distributor holds the Additional Security at a per annum rate of 3% on the amount of Additional Security held on that day; (e) any money required to be paid by the Distributor to the Trader in accordance with this clause 10.9 must be paid by the Distributor to the Trader on a quarterly basis; and (f) if the Trader provides an amount that is greater than the amount of Additional Security required by the Distributor as Additional Security, the charges set out in paragraph (a) will not be payable by the Distributor in relation to the amount provided in excess of the Additional Security required by the Distributor.

Additional Security Requirements. The following provisions apply in respect of any Additional Security provided: (a) : if the Additional Security is in the form of a Cash Deposit, the Distributor must pay a charge to the Trader for each day that the Distributor holds the Additional Security at a per annum rate that is calculated as follows: the Bank Xxxx Xxxxx Rate for that day, plus 15 percentage points (so that, by way of example, if the Bank Xxxx Xxxxx Rate for the relevant day is 3%, the charge will be 18%) (b) the parties agree that the charge calculated in accordance with paragraph paragraph (a) is a genuine and reasonable pre-estimate of the cost to the Trader of providing the Additional Security in the form of a Cash Deposit; (c) ; the Additional Security must be held as if it were part of the Cash Deposit under this Agreement; (d) ; if the Additional Security is in the form of security from a third party, the Distributor must pay a charge to the Trader for each day that the Distributor holds the Additional Security at a per annum rate of 3% on the amount of Additional Security held on that day; (e) ; any money required to be paid by the Distributor to the Trader in accordance with this clause 10.9 must be paid by the Distributor to the Trader on a quarterly basis; and (f) And if the Trader provides an amount that is greater than the amount of Additional Security required by the Distributor as Additional Security, the charges set out in paragraph (a) will not be payable by the Distributor in relation to the amount provided in excess of the Additional Security required by the Distributor.

Additional Security Requirements. The following provisions apply in respect of any Additional Security provided: (a) if the Additional Security is in the form of a Cash Deposit, the Distributor must pay a charge to the Trader for each day that the Distributor holds the Additional Security at a per annum rate that is calculated as follows: the Bank Xxxx Xxxxx Yield Rate for that day, plus 15 percentage points (so that, by way of example, if the Bank Xxxx Xxxxx Yield Rate for the relevant day is 3%, the charge will be 18%) (b) the parties agree that the charge calculated in accordance with paragraph (a) is a genuine and reasonable pre-estimate of the cost to the Trader of providing the Additional Security in the form of a Cash Deposit; (c) the Additional Security must be held as if it were part of the Cash Deposit under this Agreement; (d) if the Additional Security is in the form of security from a third party, the Distributor must pay a charge to the Trader for each day that the Distributor holds the Additional Security at a per annum rate of 3% on the amount of Additional Security held on that day; (e) any money required to be paid by the Distributor to the Trader in accordance with this clause 10.9 must be paid by the Distributor to the Trader on a quarterly basis; and (f) if the Trader provides an amount that is greater than the amount of Additional Security required by the Distributor as Additional Security, the charges set out in paragraph (a) will not be payable by the Distributor in relation to the amount provided in excess of the Additional Security required by the Distributor.

Additional Security Requirements. The following provisions apply in respect of any Additional Security provided: (a) if the Additional Security is in the form of a Cash Deposit, the Distributor must pay a charge to the Trader for each day that the Distributor holds the Additional Security at a per annum rate that is calculated as follows: the Bank Xxxx Xxxxx Bill Yield Rate for that day, plus 15 percentage points (so that, by way of example, if the Bank Xxxx Xxxxx Bill Yield Rate for the relevant day is 3%, the charge will be 18%) (b) the parties agree that the charge calculated in accordance with paragraph (a) is a genuine and reasonable pre-estimate of the cost to the Trader of providing the Additional Security in the form of a Cash Deposit; (c) the Additional Security must be held as if it were part of the Cash Deposit under this Agreement; (d) if the Additional Security is in the form of security from a third party, the Distributor must pay a charge to the Trader for each day that the Distributor holds the Additional Security at a per annum rate of 3% on the amount of Additional Security held on that day; (e) any money required to be paid by the Distributor to the Trader in accordance with this clause 10.9 must be paid by the Distributor to the Trader on a quarterly basis; and (f) if the Trader provides an amount that is greater than the amount of Additional Security required by the Distributor as Additional Security, the charges set out in paragraph (a) will not be payable by the Distributor in relation to the amount provided in excess of the Additional Security required by the Distributor.

Additional Security Requirements. The following provisions apply in respect of any Additional Security provided: (a) if the Additional Security is in the form of a Cash Deposit, the Distributor must pay a charge to the Trader Retailer for each day that the Distributor holds the Additional Security at a per annum rate that is calculated as follows: : (i) the Bank Xxxx Xxxxx Yield Rate for that day, plus 15 percentage points (so that, by way of example, if the Bank Xxxx Xxxxx Yield Rate for the relevant day is 3%, the charge will be 18%). (b) the parties agree that the charge calculated in accordance with paragraph paragraph (a) is a genuine and reasonable pre-estimate of the cost to the Trader Retailer of providing the Additional Security in the form of a Cash Deposit; (c) the Additional Security must be held as if it were part of the Cash Deposit under this Agreementagreement; (d) if the Additional Security is in the form of security from a third party, the Distributor must pay a charge to the Trader Retailer for each day that the Distributor holds the Additional Security at a per annum rate of 3% on the amount of Additional Security held on that day; (e) any money required to be paid by the Distributor to the Trader Retailer in accordance with this clause 10.9 Schedule 6.33 must be paid by the Distributor to the Trader Retailer on a quarterly basis; and (f) if the Trader Retailer provides an amount that is greater than the amount of Additional Security required by the Distributor as Additional Security, the charges set out in paragraph (a) will not be payable by the Distributor in relation to the amount provided in excess of the Additional Security required by the Distributor.