Common use of Form of cash deposit Clause in Contracts

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 Single Allocation Platform; (b) the dedicated Business Account shall be opened and used in accordance with additional financial terms to be concluded between the Single Allocation Platform, or where relevant the financial institution and the Registered Participant and shall only be used for Auction purposes; (c) until withdrawal as permitted by the following provisions of Article 26, 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 17; (d) withdrawals from the dedicated Business Account pursuant to Article 24 and Article 26 may be made solely on the instruction of the Single Allocation Platform; (e) the dedicated Business Account may be used in addition for settlement as set forth in Article 65 upon request of the Single 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.

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 Single Allocation Platform; (b) the dedicated Business Account shall be opened and used in accordance with additional financial terms to be concluded between the Single Allocation PlatformPlatform and the Registered Participant, or where relevant the financial institution and the Registered Participant and shall only be used for Auction purposes; (c) until withdrawal as permitted by the following provisions of Article 2624, 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 1715; (d) withdrawals from the dedicated Business Account pursuant to Article 24 22 and Article 26 24 may be made solely on the instruction of the Single Allocation Platform; (e) the dedicated Business Account may be used in addition for settlement as set forth in Article 65 45 upon request of the Single 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.

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 Single Allocation Platform; (b) the dedicated Business Account shall be opened and used in accordance with additional financial terms to be concluded between the Single Allocation PlatformPlatform and the Registered Participant, or where relevant the financial institution and the Registered Participant and shall only be used for Auction purposes; (c) until withdrawal as permitted by the following provisions of Article 2624, 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 1715; (d) withdrawals from the dedicated Business Account pursuant to Article 24 22 and Article 26 24 may be made solely on the instruction of the Single Allocation PlatformAllocation; (e) the dedicated Business Account may be used in addition for settlement as set forth in Article 65 45 upon request of the Single 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.

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 a. The money shall be deposited in on a dedicated Business Account at a financial institution bank selected by the Single Allocation Platform; (b) b. the dedicated Business Account shall be opened and used in accordance with additional financial terms to be concluded between the Single Allocation PlatformPlatform and the Registered Participant, or where relevant the financial institution and the Registered Participant and shall only be used for Auction auction purposes; (c) c. until withdrawal as permitted by the following provisions of Article 2624, 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 1715; (d) withdrawals x. xxxxxxxxxxx from the dedicated Business Account pursuant to Article 24 22 and Article 26 24 may be made solely on the instruction of the Single Allocation Platform; (e) e. the dedicated Business Account may be used in addition for settlement as set forth in Article 65 45 upon request of the Single Allocation Platform; and (f) 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.

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 Single Allocation Platform; (b) the dedicated Business Account shall be opened and used in accordance with additional financial terms to be concluded between the Single Allocation Platform, or where relevant the financial institution and the Registered Participant and shall only be used for Auction purposes; (c) until withdrawal as permitted by the following provisions of Article 26, 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 17; (d) withdrawals from the dedicated Business Account pursuant to Article 24 and Article 26 may be made solely on the instruction of the Single Allocation Platform; (e) the dedicated Business Account may be used in addition for settlement as set forth in Article 65 upon request of the Single 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.

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 selected by the Single Allocation Platform; (b) the dedicated Business Account shall be opened and used in accordance with additional financial terms to be concluded between the Single Allocation PlatformPlatform and the Registered Participant, or where relevant the financial institution and the Registered Participant and shall only be used for Auction purposes; (c) until withdrawal as permitted by the following provisions of Article 2624, 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 1715; (d) withdrawals from the dedicated Business Account pursuant to Article 24 22 and Article 26 24 may be made solely on the instruction of the Single Allocation Platform; (e) the dedicated Business Account may be used in addition for settlement as set forth in Article 65 51 upon request of the Single 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.

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 Single Allocation Platform; (b) the dedicated Business Account shall be opened and used in accordance with additional financial terms to be concluded between the Single Allocation PlatformPlatform and the Registered Participant, or where relevant the financial institution and the Registered Participant and shall only be used for Auction purposes; (c) until withdrawal as permitted by the following provisions of Article 2624, 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 1715; (d) withdrawals from the dedicated Business Account pursuant to Article 24 22 and Article 26 24 may be made solely on the instruction of the Single Allocation Platform; (e) the dedicated Business Account may be used in addition for settlement as set forth in Article 65 44 upon request of the Single 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.