Common use of ISA Provisions – ISA Transactions Clause in Contracts

ISA Provisions – ISA Transactions. (1) If one or more Luxembourg ISA Pledged Securities Accounts have been established pursuant to Clause 2.1.2, in order to provide Margin for ISA Transactions in accordance with Chapter I Part 1 Number 3 and Part 4 Number 6 of the Clearing Conditions, the Clearing Member hereby pledges to Eurex Clearing AG pursuant to, and in accordance with, Schedule 1 of this Agreement all securities which are at present or are in the future deposited in any such Luxembourg ISA Pledged Securities Account(s) (including any distributions under such securities to the extent permitted by, and provided in, Schedule 1). The Clearing Member hereby undertakes to issue all relevant notices to, and obtain all relevant acknowledgements, from CBL for the perfection of such pledge.