Margin for All Obligations Clause Samples

Margin for All Obligations. Notwithstanding any provision to the contrary contained in any Governing Agreement or related Program Agreement, all Margin pledged by any Seller to any Buyer Entity in the Buyer Group, whether under this Agreement, any other Governing Agreement or any related Program Agreement shall be and shall constitute, to the fullest extent of any rights of each Seller in such assets, Margin pledged by each Seller under and in connection with this Agreement and each other Governing Agreement, to margin and secure all of the Obligations, each Activity, and each Governing Agreement. Each Activity, whenever entered into, shall be deemed amended accordingly. Each Seller and the Buyer Group each acknowledges and agrees that any Buyer Entity as the secured party may hold any Margin as agent or bailee for the Administrative Agent, for the benefit of all of the Buyer Entities in the Buyer Group.