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 on a dedicated Business Account at a 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 Platform 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 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.

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 on a dedicated Business Account at a 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 Platform 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 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 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.

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 on a dedicated Business Account at a 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 Platform 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 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 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.

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) a. the money shall be deposited on in a dedicated Business Account at a bank financial institution selected by the Allocation Platform; (b) b. the dedicated Business Account shall be opened and used in accordance with additional financial terms to be concluded between the Allocation Platform and the Registered ParticipantPlatform, or where relevant the financial institution and the Registered ParticipantParticipant and shall only be used for Auction purposes; (c) 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 15 17; (d) withdrawals x. xxxxxxxxxxx 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) e. the dedicated Business Account may be used in addition for settlement as set forth in Article 45 65 upon request of the 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.