Collateral Monitoring. 5.1 eSett shall each day retrieve information from the Settlement Bank about the amount of Deposited Collateral and verify that the amount of Deposited Collateral meets or exceeds the Collateral Requirement ("Collateral Monitoring"). 5.2 Failure by the BRP to meet the Collateral Requirement by the Collateral Deadline is considered a material breach of the Imbalance Settlement Agreement.
Appears in 5 contracts
Samples: Imbalance Settlement Agreement, Imbalance Settlement Agreement, Imbalance Settlement Agreement
