Common use of Financial Collateral Clause in Contracts

Financial Collateral. 1. To secure the above specified Secured Claims, the Client and AKCENTA hereby agree upon Financial Collateral within the meaning of the Financial Collateral Act, having the nature of a pledge over the Financial Collateral in favor of AKCENTA. 2. The financial collateral which is the subject of the agreed Financial Collateral are the Client's monetary funds deposited by the Client in the IPA in accordance with Art. I.(2) of this Schedule (“Financial Collateral”). For the avoidance of any doubts, any amount deposited by the Client in the IPA as security within the meaning of Art. V.3 of the GBTC, both at agreeing upon the Services and at replenishing the security, shall be deemed Financial Collateral. The Client shall be informed about the depositing, and the amount of, Financial Collateral in accordance with Art. V.3 GBTC.

Financial Collateral. 1. To secure the above specified specified Secured Claims, the Client and AKCENTA hereby agree upon Financial Collateral within the meaning of the Financial Collateral Act, having the nature of a pledge over the Financial Collateral in favor of AKCENTA. 2. The financial financial collateral which is the subject of the agreed Financial Collateral are the Client's monetary funds deposited by the Client in the IPA in accordance with Art. I.(2) of this Schedule (“Financial Collateral”). For the avoidance of any doubts, any amount deposited by the Client in the IPA as security within the meaning of Art. V.3 of the GBTC, both at agreeing upon the Services and at replenishing the security, shall be deemed Financial Collateral. The Client shall be informed about the depositing, and the amount of, Financial Collateral in accordance with Art. V.3 GBTC.

Financial Collateral. 1. To secure the above specified specied Secured Claims, the Client and AKCENTA hereby agree upon Financial Collateral within the meaning of the Financial Collateral Act, having the nature of a pledge over the Financial Collateral in favor of AKCENTA. 2. The financial nancial collateral which is the subject of the agreed Financial Collateral are the Client's monetary funds deposited by the Client in the IPA in accordance with Art. I.(2) of this Schedule (“Financial Collateral”). For the avoidance of any doubts, any amount deposited by the Client in the IPA as security within the meaning of Art. V.3 of the GBTC, both at agreeing upon the Services and at replenishing the security, shall be deemed Financial Collateral. The Client shall be informed about the depositing, and the amount of, Financial Collateral in accordance with Art. V.3 GBTC.