Common use of Form of cash deposit Clause in Contracts

Form of cash deposit. For collaterals that are provided in the form of a cash deposit in a dedicated Business Account the following conditions shall apply: (a) the money shall be deposited in a dedicated Business Account at a financial institution selected by the Allocation Platform; (b) the dedicated Business Account shall be opened and used in accordance with additional financial terms to be concluded between the Allocation Platform, or where relevant the financial institution and the Registered Participant; (c) until withdrawal as permitted by the following provisions of Article 24, the cash deposit in the dedicated Business Account belongs to the Registered Participant if not stated otherwise in the additional financial terms in accordance with Article 15; (d) withdrawals from the dedicated Business Account pursuant to Article 22 and Article 24 may be made solely on the instruction of the Allocation Platform; (e) the dedicated Business Account may be used in addition for settlement as set forth in Article 53 upon request of the Allocation Platform; and (f) interest on the amount deposited in the dedicated Business Account shall accrue for the benefit of the Registered Participant, after deduction of taxes and bank charges if any.

Appears in 7 contracts

Samples: Rules for Explicit Daily Capacity Allocation, Rules for Explicit Daily Capacity Allocation, Rules for Explicit Daily Capacity Allocation

AutoNDA by SimpleDocs

Form of cash deposit. For collaterals that are provided in the form of a cash deposit in a dedicated Business Account the following conditions shall apply: (a) the money shall be deposited in a dedicated Business Account at a financial institution selected by the Allocation Platform; (b) the dedicated Business Account shall be opened and used in accordance with additional financial terms to be concluded between the Allocation Platform, or where relevant the financial institution and the Registered Participant; (c) until withdrawal as permitted by the following provisions of Article 24, the cash deposit in the dedicated Business Account belongs to the Registered Participant if not stated otherwise in the additional financial terms in accordance with Article 15; (d) withdrawals from the dedicated Business Account pursuant to Article 22 and Article 24 may be made solely on the instruction of the Allocation Platform; (e) the dedicated Business Account may be used in addition for settlement as set forth in Article 53 upon request of the Allocation Platform; and (f) interest on the amount deposited in the dedicated Business Account shall accrue for the benefit of the Registered Participant, after deduction of taxes and bank charges if any.

Appears in 6 contracts

Samples: Rules for Daily Capacity Allocation, Rules for Daily Capacity Allocation, Rules for Daily Capacity Allocation

Form of cash deposit. For collaterals that are provided in the form of a cash deposit in a dedicated Business Account the following conditions shall apply: (a) the money shall be deposited in a dedicated Business Account at a financial institution selected by the Allocation Platform; (b) the dedicated Business Account shall be opened and used in accordance with additional financial terms to be concluded between the Allocation Platform, or where relevant the financial institution and the Registered ParticipantParticipant and shall only be used for Auction purposes; (c) until withdrawal as permitted by the following provisions of Article 24, the cash deposit in the dedicated Business Account belongs to the Registered Participant if not stated otherwise in the additional financial terms in accordance with Article 15; (d) withdrawals from the dedicated Business Account pursuant to Article 22 and Article 24 may be made solely on the instruction of the Allocation Platform; (e) the dedicated Business Account may be used in addition for settlement as set forth in Article 53 52 upon request of the Allocation Platform; and (f) interest on the amount deposited in the dedicated Business Account shall accrue for the benefit of the Registered Participant, after deduction of taxes and bank charges if any.

Appears in 4 contracts

Samples: Rules for Daily Capacity Allocation on Swiss Borders, Rules for Daily Capacity Allocation, Rules for Daily Capacity Allocation

Form of cash deposit. For collaterals that are provided in the form of a cash deposit in a dedicated Business Account the following conditions shall apply: (a) the money shall be deposited in a dedicated Business Account at a financial institution selected by the Allocation Platform; (b) the dedicated Business Account shall be opened and used in accordance with additional financial terms to be concluded between the Allocation Platform, or where relevant the financial institution and the Registered ParticipantParticipant and shall only be used for Auction purposes; (c) until withdrawal as permitted by the following provisions of Article 24, the cash deposit in the dedicated Business Account belongs to the Registered Participant if not stated otherwise in the additional financial terms in accordance with Article 15; (d) withdrawals from the dedicated Business Account pursuant to Article 22 and Article 24 may be made solely on the instruction of the Allocation Platform; (e) the dedicated Business Account may be used in addition for settlement as set forth in Article 53 upon request of the Allocation Platform; and (f) interest on the amount deposited in the dedicated Business Account shall accrue for the benefit of the Registered Participant, after deduction of taxes and bank charges if any.

Appears in 4 contracts

Samples: Capacity Allocation Agreement, Rules for Explicit Daily Capacity Allocation, Rules for Explicit Daily Capacity Allocation

Form of cash deposit. 1. For collaterals that are provided in the form of a cash deposit in a dedicated Business Account the following conditions shall apply: (a) the money shall be deposited in on a dedicated Business Account at a financial institution bank selected by the Allocation Platform; (b) the dedicated Business Account shall be opened and used in accordance with additional financial terms to be concluded between the Allocation PlatformPlatform and the Registered Participant, or where relevant the financial institution and the Registered Participant; (c) until withdrawal as permitted by the following provisions of Article 24, the cash deposit in the dedicated Business Account belongs to the Registered Participant if not stated otherwise in the additional financial terms in accordance with Article 15; (d) withdrawals from the dedicated Business Account pursuant to Article 22 and Article 24 may be made solely on the instruction of the Allocation Platform; (e) the dedicated Business Account may be used in addition for settlement as set forth in Article 53 45 upon request of the Allocation Platform; and (f) interest on the amount deposited in the dedicated Business Account shall accrue for the benefit of the Registered Participant, after deduction of taxes and bank charges if any.

Appears in 3 contracts

Samples: Allocation Rules for Intraday Capacity Allocation, Allocation Rules for Intraday Capacity Allocation, Allocation Rules for Intraday Capacity Allocation

Form of cash deposit. 1. For collaterals that are provided in the form of a cash deposit in a dedicated Business Account the following conditions shall apply: (a) the money shall be deposited in a dedicated Business Account at a financial institution selected by the Allocation Platform; (b) the dedicated Business Account shall be opened and used in accordance with additional financial terms to be concluded between the Allocation Platform, or where relevant the financial institution and the Registered Participant; (c) until withdrawal as permitted by the following provisions of Article 2426, the cash deposit in the dedicated Business Account belongs to the Registered Participant if not stated otherwise in the additional financial terms in accordance with Article 1517; (d) withdrawals from the dedicated Business Account pursuant to Article 22 and 24and Article 24 26 may be made solely on the instruction of the Allocation Platform; (e) the dedicated Business Account may be used in addition for settlement as set forth in Article 53 upon 65upon request of the Allocation Platform; and (f) interest on the amount deposited in the dedicated Business Account shall accrue for the benefit of the Registered Participant, after deduction of taxes and bank charges if any.

Appears in 3 contracts

Samples: Allocation Rules for Forward Capacity Allocation, Allocation Rules for Forward Capacity Allocation, Allocation Rules for Forward Capacity Allocation

Form of cash deposit. 1. For collaterals that are provided in the form of a cash deposit in a dedicated Business Account the following conditions shall apply: (a) the money shall be deposited in a dedicated Business Account at a financial institution selected by the Allocation Platform; (b) the dedicated Business Account shall be opened and used in accordance with additional financial terms to be concluded between the Allocation Platform, or where relevant the financial institution and the Registered Participant; (c) until withdrawal as permitted by the following provisions of Article 2426, the cash deposit in the dedicated Business Account belongs to the Registered Participant if not stated otherwise in the additional financial terms in accordance with Article 1517; (d) withdrawals from the dedicated Business Account pursuant to Article 22 24 and Article 24 26 may be made solely on the instruction of the Allocation Platform; (e) the dedicated Business Account may will not be used by the Allocation Platform for the purposes of settlement and must in addition for settlement as set forth all cases be opened in Article 53 upon request the name of the Allocation PlatformPlatform at a financial institution selected by the Allocation Platform ; and (f) interest on the amount deposited in the dedicated Business Account shall accrue for the benefit of the Registered Participant, after deduction of taxes and bank charges if any.

Appears in 2 contracts

Samples: Access Rules, Access Rules

Form of cash deposit. For collaterals that are provided in the form of a cash deposit in a dedicated Business Account the following conditions shall apply: (a) the money shall be deposited in a dedicated Business Account at a financial institution selected by the Allocation Platform; (b) the dedicated Business Account shall be opened and used in accordance with additional financial terms to be concluded between the Allocation Platform, or where relevant the financial institution and the Registered Participant; (c) until withdrawal as permitted by the following provisions of Article 2426, the cash deposit in the dedicated Business Account belongs to the Registered Participant if not stated otherwise in the additional financial terms in accordance with Article 1517; (d) withdrawals from the dedicated Business Account pursuant to Article 22 24 and Article 24 26 may be made solely on the instruction of the Allocation Platform; (e) the dedicated Business Account may be used in addition for settlement as set forth in Article 53 66 upon request of the Allocation Platform; and (f) interest on the amount deposited in the dedicated Business Account shall accrue for the benefit of the Registered Participant, after deduction of taxes and bank charges if any.

Appears in 2 contracts

Samples: Allocation Rules for Forward Capacity Allocation, Allocation Rules for Forward Capacity Allocation

Form of cash deposit. For collaterals that are provided in the form of a cash deposit in a dedicated Business Account the following conditions shall apply: (a) the money shall be deposited in a dedicated Business Account at a financial institution selected by the Allocation Platform; (b) the dedicated Business Account shall be opened and used in accordance with additional financial terms to be concluded between the Allocation Platform, or where relevant the financial institution and the Registered Participant; (c) until withdrawal as permitted by the following provisions of Article 24, the cash deposit in the dedicated Business Account belongs to the Registered Participant if not stated otherwise in the additional financial terms in accordance with Article 15; (d) withdrawals from the dedicated Business Account pursuant to Article 22 and Article 24 may be made solely on the instruction of the Allocation Platform; (e) the dedicated Business Account may be used in addition for settlement as set forth in Article 53 52 upon request of the Allocation Platform; and (f) interest on the amount deposited in the dedicated Business Account shall accrue for the benefit of the Registered Participant, after deduction of taxes and bank charges if any.

Appears in 2 contracts

Samples: Daily Capacity Allocation Agreement, Daily Capacity Allocation Agreement

Form of cash deposit. For collaterals that are provided in the form of a cash deposit in a dedicated Business Account the following conditions shall apply: (a) the money shall be deposited in a dedicated Business Account at a financial institution selected by the Allocation Platform; (b) the dedicated Business Account shall be opened and used in accordance with additional financial terms to be concluded between the Allocation Platform, or where relevant the financial institution and the Registered ParticipantParticipant and shall only be used for Auction purposes; (c) until withdrawal as permitted by the following provisions of Article 24, the cash deposit in the dedicated Business Account belongs to the Registered Participant if not stated otherwise in the additional financial terms in accordance with Article 15; (d) withdrawals from the dedicated Business Account pursuant to Article 22 and Article 24 may be made solely on the instruction of the Allocation Platform; (e) the dedicated Business Account may be used in addition for settlement as set forth in Article 53 52 upon request of the Allocation Platform; and (f) interest on the amount deposited in the dedicated Business Account shall accrue for the benefit of the Registered Participant, after deduction of taxes and bank charges if any.

Appears in 1 contract

Samples: Daily Capacity Allocation Agreement

AutoNDA by SimpleDocs

Form of cash deposit. 1. For collaterals that are provided in the form of a cash deposit in a dedicated Business Account the following conditions shall apply: (a) the money shall be deposited in on a dedicated Business Account at a financial institution bank selected by the Allocation PlatformPlatform or (if applicable) the Allocation Platform Service Provider; (b) the dedicated Business Account shall be opened and used in accordance with additional financial terms to be concluded between the Allocation PlatformPlatform or (if applicable) the Allocation Platform Service Provider and the Registered Participant, or where relevant the financial institution and the Registered Participant; (c) until withdrawal as permitted by the following provisions of Article 24, the cash deposit in the dedicated Business Account belongs to the Registered Participant if not stated otherwise in the additional financial terms in accordance with Article 15; (d) withdrawals from the dedicated Business Account pursuant to Article 22 and Article 24 may be made solely on the instruction of the Allocation PlatformPlatform or (if applicable) the Allocation Platform Service Provider; (e) the dedicated Business Account may be used in addition for settlement as set forth in Article 53 45 upon request of the Allocation PlatformPlatform or (if applicable) the Allocation Platform Service Provider; and (f) interest on the amount deposited in the dedicated Business Account shall accrue for the benefit of the Registered Participant, after deduction of taxes and bank charges if any.

Appears in 1 contract

Samples: Access Rules for Intraday Capacity Allocation

Form of cash deposit. For collaterals that are provided in the form of a cash deposit in a dedicated Business Account the following conditions shall apply: (a) the money shall be deposited in a dedicated Business Account at a financial institution selected by the Allocation Platform; (b) the dedicated Business Account shall be opened and used in accordance with additional financial terms to be concluded between the Allocation Platform, or where relevant the financial institution and the Registered ParticipantParticipant and shall only be used for Auction purposes; (c) until withdrawal as permitted by the following provisions of Article 24, the cash deposit in the dedicated Business Account belongs to the Registered Participant if not stated otherwise in the additional financial terms in accordance with Article 15; (d) withdrawals from the dedicated Business Account pursuant to Article 22 and Article 24 may be made solely on the instruction of the Allocation Platform; (e) the dedicated Business Account may be used in addition for settlement as set forth in Article 53 upon request of the Allocation Platform; and (f) interest on the amount deposited in the dedicated Business Account shall accrue for the benefit of the Registered Participant, after deduction of taxes and bank charges if any.

Appears in 1 contract

Samples: Rules for Explicit Daily Capacity Allocation

Form of cash deposit. For collaterals that are provided in the form of a cash deposit in a dedicated Business Account the following conditions shall apply: (a) the money shall be deposited in on a dedicated Business Account at a financial institution bank selected by the Allocation Platform; (b) the dedicated Business Account shall be opened and used in accordance with additional financial terms to be concluded between the Allocation PlatformPlatform and the Registered Participant, or where relevant the financial institution and the Registered Participant; (c) until withdrawal as permitted by the following provisions of Article 24, the cash deposit in the dedicated Business Account belongs to the Registered Participant if not stated otherwise in the additional financial terms in accordance with Article 15; (d) withdrawals from the dedicated Business Account pursuant to Article 22 and Article 24 may be made solely on the instruction of the Allocation Platform; (e) the dedicated Business Account may be used in addition for settlement as set forth in Article 53 45 upon request of the Allocation Platform; and (f) interest on the amount deposited in the dedicated Business Account shall accrue for the benefit of the Registered Participant, after deduction of taxes and bank charges if any.

Appears in 1 contract

Samples: Allocation Rules for Intraday Capacity Allocation

Form of cash deposit. For collaterals that are provided in the form of a cash deposit in a dedicated Business Account the following conditions shall apply: (a) the money shall be deposited in a dedicated Business Account at a financial institution selected by the Allocation Platform; (b) the dedicated Business Account shall be opened and used in accordance with additional financial terms to be concluded between the Allocation PlatformPlatform and the Registered Partiicpant, or where relevant the financial institution and the Registered ParticipantParticipant and shall only be used for Auction purposes; (c) until withdrawal as permitted by the following provisions of Article 2425, the cash deposit in the dedicated Business Account belongs to the Registered Participant if not stated otherwise in the additional financial terms in accordance with Article 1516; (d) withdrawals from the dedicated Business Account pursuant to Article 22 23 and Article 24 25 may be made solely on the instruction of the Allocation Platform; (e) the dedicated Business Account may be used in addition by the Allocation Platform for the purposes of settlement as set forth in Article 53 65 upon request of the Allocation Platform; and (f) interest on the amount deposited in the dedicated Business Account shall accrue for the benefit of the Registered Participant, after deduction of taxes and bank charges if any.

Appears in 1 contract

Samples: Long Term Allocation Rules

Form of cash deposit. For collaterals that are provided in the form of a cash deposit in a dedicated Business Account the following conditions shall apply: (a) the money shall be deposited in a dedicated Business Account at a financial institution selected by the Allocation Platform; (b) the dedicated Business Account shall be opened and used in accordance with additional financial terms to be concluded between the Allocation Platform, or where relevant the financial institution and the Registered Participant; (c) until withdrawal as permitted by the following provisions of Article 24, the cash deposit in the dedicated Business Account belongs to the Registered Participant if not stated otherwise in the additional financial terms in accordance with Article 15; (d) withdrawals from the dedicated Business Account pursuant to Article 22 and Article 24 may be made solely on the instruction of the Allocation Platform; (e) [with JAO as Allocation Platform] the dedicated Business Account may be used in addition for settlement as set forth in Article 53 Error! Reference source not found. upon request of the Allocation Platform; and (f) interest on the amount deposited in the dedicated Business Account shall accrue for the benefit of the Registered Participant, after deduction of taxes and bank charges if any.

Appears in 1 contract

Samples: Rules for Daily Capacity Allocation

Form of cash deposit. For collaterals that are provided in the form of a cash deposit in a dedicated Business Account the following conditions shall apply: (a) the money shall be deposited in a dedicated Business Account at a financial institution selected by the Allocation Platform; (b) the dedicated Business Account shall be opened and used in accordance with additional financial terms to be concluded between the Allocation Platform, or where relevant the financial institution and the Registered Participant; (c) until withdrawal as permitted by the following provisions of Article 24, the cash deposit in the dedicated Business Account belongs to the Registered Participant if not stated otherwise in the additional financial terms in accordance with Article 15; (d) withdrawals from the dedicated Business Account pursuant to Article 22 and Article 24 may be made solely on the instruction of the Allocation Platform; (e) the dedicated Business Account may be used in addition for settlement as set forth in Article 53 upon request of the Allocation Platform; and (f) interest on the amount deposited in the dedicated Business Account shall accrue for the benefit of the Registered Participant, after deduction of taxes and bank charges if any.

Appears in 1 contract

Samples: Daily Explicit Capacity Allocation Rules

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!