Common use of Collateral Maintenance, Repayment of Financing Clause in Contracts

Collateral Maintenance, Repayment of Financing. The provisions of this Subsection shall apply except to the extent any such provisions contravene the Committed Facility Agreement. Customer will at all times maintain in, and upon written or oral demand furnish to, the Accounts, or otherwise provide to the BNPP Entities in a manner satisfactory to the BNPP Entities, assets of the types and in the amounts required by the BNPP Entities in light of outstanding Contracts (“Deliverable Collateral”). Immediately upon written or oral demand by BNPP NY, Customer shall pay to BNPP NY in immediately available U.S. funds any principal balance of, accrued unpaid interest on, and any other Obligation owing in respect of, any Account.

Appears in 10 contracts

Samples: Lending Agreement (Midas Fund, Inc.), Account Agreement (Midas Series Trust), Account Agreement (Midas Series Trust)

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