Common use of Calls on security Clause in Contracts

Calls on security. If this clause applies in accordance with clause 10.22, the Distributor may, on 2 Working Days' notice to the Trader (or immediately in the case of deemed Cash Deposit under clause 10.25), call on the security as follows: (a) if the Trader provided a Cash Deposit (which includes a deemed Cash Deposit), full beneficial ownership of the amount owing (plus Default Interest) of the Cash Deposit will automatically transfer solely to the Distributor effective from the expiry of the 2 Working Day notice period or immediately (as applicable) and the Distributor may draw down and apply the amount owed (including Default Interest) from the Cash Deposit; (b) if the Trader arranged for a third party to provide security, the Distributor may call on the provider of a third party security to pay the amount owed in accordance with the security; and (c) in either case, the Distributor must immediately notify the Trader that it has called on the security.

Calls on security. If this clause applies in accordance with clause 10.2212.20, the Distributor may, on 2 Working Days' notice to the Trader Retailer (or immediately in the case of deemed Cash Deposit under clause 10.2512.23), call on the security as follows: (a) if the Trader Retailer provided a Cash Deposit (which includes a deemed Cash Deposit), full beneficial ownership of the amount owing (plus Default Interest) of the Cash Deposit will automatically transfer solely to the Distributor effective from the expiry of the 2 Working Day notice period or immediately (as applicable) and the Distributor may then draw down and apply the amount owed (including Default Interest) from the Cash Deposit; (b) if the Trader Retailer arranged for a third party to provide security, the Distributor may call on the provider of a third party security to pay the amount owed in accordance with the security; and (c) in either case, the Distributor must will immediately notify the Trader Retailer that it has called on the security.

Calls on security. If this clause applies in accordance with clause 10.2212.20, the Distributor may, on 2 Working Days' ’ notice to the Trader Retailer (or immediately in the case of deemed Cash Deposit under clause 10.2512.23), call on the security as follows: (a) if the Trader Retailer provided a Cash Deposit (which includes a deemed Cash Deposit), full beneficial ownership of the amount owing (plus Default Interest) of the Cash Deposit will automatically transfer solely to the Distributor effective from the expiry of the 2 Working Day notice period or immediately (as applicable) and the Distributor may then draw down and apply the amount owed (including Default Interest) from the Cash Deposit; (b) if the Trader Retailer arranged for a third party to provide security, the Distributor may call on the provider of a third party security to pay the amount owed in accordance with the security; and (c) in either case, the Distributor must will immediately notify the Trader Retailer that it has called on the security.

Calls on security. If this clause applies in accordance with clause 10.22, the Distributor may, on 2 Working Days' notice to the Trader (or immediately in the case of deemed Cash Deposit under clause 10.25), call on the security as follows: (a) : if the Trader provided a Cash Deposit (which includes a deemed Cash Deposit), full beneficial ownership of the amount owing (plus Default Interest) of the Cash Deposit will automatically transfer solely to the Distributor effective from the expiry of the 2 Working Day notice period or immediately (as applicable) and the Distributor may draw down and apply the amount owed (including Default Interest) from the Cash Deposit; (b) ; if the Trader arranged for a third party to provide security, the Distributor may call on the provider of a third party security to pay the amount owed in accordance with the security; and (c) and in either case, the Distributor must immediately notify the Trader that it has called on the security.

Calls on security. If this clause applies in accordance with clause 10.22Schedule 6.6.22, the Distributor may, on 2 Working Days' notice to the Trader Retailer (or immediately in the case of deemed Cash Deposit under clause 10.25Schedule 6.6.25), call on the security as follows: (a) if the Trader Retailer provided a Cash Deposit (which includes a deemed Cash Deposit), full beneficial ownership of the amount owing (plus Default Interest) of the Cash Deposit will automatically transfer solely to the Distributor effective from the expiry of the 2 Working Day notice period or immediately (as applicable) and the Distributor may draw down and apply the amount owed (including Default Interest) from the Cash Deposit; (b) if the Trader Retailer arranged for a third party to provide security, the Distributor may call on the provider of a third party security to pay the amount owed in accordance with the security; and (c) in either case, the Distributor must immediately notify the Trader Retailer that it has called on the security.

Calls on security. If this clause applies in accordance with clause 10.22Schedule 6.6.22, the Distributor may, on 2 Working Days' notice to the Trader Retailer (or immediately in the case of deemed Cash Deposit under clause 10.25)Schedule 6.6.25, call on the security as follows: (a) if the Trader Retailer provided a Cash Deposit (which includes a deemed Cash Deposit), full beneficial ownership of the amount owing (plus Default Interest) of the Cash Deposit will automatically transfer solely to the Distributor effective from the expiry of the 2 Working Day notice period or immediately (as applicable) and the Distributor may draw down and apply the amount owed (including Default Interest) from the Cash Deposit; (b) if the Trader Retailer arranged for a third party to provide security, the Distributor may call on the provider of a third party security to pay the amount owed in accordance with the security; and (c) in either case, the Distributor must immediately notify the Trader Retailer that it has called on the security.

Calls on security. If this clause applies in accordance with clause 10.2212.20, the Distributor may, on 2 Working Days' notice to the Trader Retailer (or immediately in the case of deemed Cash Deposit under clause 10.2512.23), call on the security as follows:follows:‌ (a) if the Trader Retailer provided a Cash Deposit (which includes a deemed Cash Deposit), full beneficial ownership of the amount owing (plus Default Interest) of the Cash Deposit will automatically transfer solely to the Distributor effective from the expiry of the 2 Working Day notice period or immediately (as applicable) and the Distributor may then draw down and apply the amount owed (including Default Interest) from the Cash Deposit; (b) if the Trader Retailer arranged for a third party to provide security, the Distributor may call on the provider of a third party security to pay the amount owed in accordance with the security; andand‌ (c) in either case, the Distributor must will immediately notify the Trader Retailer that it has called on the security.

Calls on security. If this clause applies in accordance with clause 10.226.6.20, the Distributor may, on 2 Working Days' notice to the Trader Retailer (or immediately in the case of deemed Cash Deposit under clause 10.256.6.23), call on the security as follows: (a) if the Trader Retailer provided a Cash Deposit (which includes a deemed Cash Deposit), full beneficial ownership of the amount owing (plus Default Interest) of the Cash Deposit will automatically transfer solely to the Distributor effective from the expiry of the 2 Working Day notice period or immediately (as applicable) and the Distributor may then draw down and apply the amount owed (including Default Interest) from the Cash Deposit; (b) if the Trader Retailer arranged for a third party to provide security, the Distributor may call on the provider of a third party security to pay the amount owed in accordance with the security; and (c) in either case, the Distributor must will immediately notify the Trader Retailer that it has called on the security.

Calls on security. If this clause applies in accordance with clause 10.2212.20, the Distributor may, on 2 Working Days' notice to the Trader (or immediately in the case of deemed Cash Deposit under clause 10.2512.23), call on the security as follows: (a) if the Trader provided a Cash Deposit (which includes a deemed Cash Deposit), full beneficial ownership of the amount owing (plus Default Interest) of the Cash Deposit will automatically transfer solely to the Distributor effective from the expiry of the 2 Working Day notice period or immediately (as applicable) and the Distributor may then draw down and apply the amount owed (including Default Interest) from the Cash Deposit; (b) if the Trader arranged for a third party to provide security, the Distributor may call on the provider of a third party security to pay the amount owed in accordance with the security; and (c) in either case, the Distributor must will immediately notify the Trader that it has called on the security.

Calls on security. If this clause applies in accordance with clause 10.2213.20, the Distributor may, on 2 Working Days' notice to the Trader Retailer (or immediately in the case of deemed Cash Deposit under clause 10.2513.23), call on the security as follows: (a) if the Trader Retailer provided a Cash Deposit (which includes a deemed Cash Deposit), full beneficial ownership of the amount owing (plus Default Interest) of the Cash Deposit will automatically transfer solely to the Distributor effective from the expiry of the 2 Working Day notice period or immediately (as applicable) and the Distributor may then draw down and apply the amount owed (including Default Interest) from the Cash Deposit; (b) if the Trader Retailer arranged for a third party to provide security, the Distributor may call on the provider of a third party security to pay the amount owed in accordance with the security; and (c) in either case, the Distributor must will immediately notify the Trader Retailer that it has called on the security.

Calls on security. If this clause Clause applies in accordance with clause 10.22Clause 15.18, the Distributor may, on 2 Working Days' notice to the Trader Retailer (or immediately in the case of deemed Cash Deposit under clause 10.25Clause 15.21), call on the security as follows: (a) if the Trader Retailer provided a Cash Deposit (which includes a deemed Cash Deposit), full beneficial ownership of the amount owing (plus Default Interest) of the Cash Deposit will automatically transfer solely to the Distributor effective from the expiry of the 2 Working Day notice period or immediately (as applicable) and the Distributor may then draw down and apply the amount owed (including Default Interest) from the Cash Deposit; (b) if the Trader Retailer arranged for a third party to provide security, the Distributor may call on the provider of a third party security to pay the amount owed in accordance with the security; and (c) in either case, the Distributor must will immediately notify the Trader Retailer that it has called on the security.

Calls on security. If this clause applies in accordance with clause 10.22, the Distributor may, on 2 Working Days' notice to the Trader (or immediately in the case of deemed Cash Deposit under clause 10.25), call on the security as follows: (a) if the Trader provided a Cash Deposit (which includes a deemed Cash Deposit), full beneficial ownership of the amount owing (plus Default Interest) of the Cash Deposit will automatically transfer solely to the Distributor effective from the expiry of the 2 Working Day notice period or immediately (as applicable) and the Distributor may draw down and apply the amount owed (including Default Interest) from the Cash Deposit; (b) if the Trader arranged for a third party to provide security, the Distributor may call on the provider of a third third-party security to pay the amount owed in accordance with the security; and (c) in either case, the Distributor must immediately notify the Trader that it has called on the security.