Common use of Notice of Cancellation or Collateralisation Clause in Contracts

Notice of Cancellation or Collateralisation. Any notice of cancellation or collateralisation given by the Account Party pursuant to this Clause 8 shall be irrevocable, shall specify the date upon which such cancellation or collateralisation is to be made and the amount of such cancellation or collateralisation and shall oblige the Account Party to procure such cancellation or collateralisation on such date.

Notice of Cancellation or Collateralisation. Any notice of cancellation or collateralisation given by the Account Party pursuant to this Clause 8 9 shall be irrevocable, shall specify the date upon which such cancellation or collateralisation is to be made and the amount of such cancellation or collateralisation and shall oblige the Account Party to procure such cancellation or collateralisation on such date.