Common use of Pledge of the Complementary Deposit Clause in Contracts

Pledge of the Complementary Deposit. The Complementary Deposit shall be pledged as cash collateral (affecté à titre xx xxxx-espèces) by the Centralising Unit in favour of the Purchaser, to secure the payment of (i) any sum due by the Debtors to the Purchaser in respect of the Sold Receivables and the Refinanced Sold Receivables and (ii) any sum due to the Purchaser by any Seller, the Centralising Unit or the Refinanced Seller pursuant to the Transaction Documents, provided that no party shall be entitled to receive, as a result of such pledge, any amounts in addition to those that it is entitled to receive pursuant to Article 16.

Appears in 2 contracts

Samples: General Master Purchase Agreement (Goodyear Tire & Rubber Co /Oh/), General Master Purchase Agreement (Goodyear Tire & Rubber Co /Oh/)

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Pledge of the Complementary Deposit. The Complementary Deposit shall be pledged as cash collateral (affecté à affecte a titre xx xxxx-espècesespeces) by the Centralising Unit in favour of the Purchaser, to secure the payment of (i) any sum due by the Debtors to the Purchaser in respect of the Sold Receivables and the Refinanced Sold Receivables and (ii) any sum due to the Purchaser by any Seller, Seller or the Centralising Unit or the Refinanced Seller pursuant to the Transaction Documents, provided that no party shall be entitled to receive, as a result of such pledge, any amounts in addition to those that it is entitled to receive pursuant to Article 16.

Appears in 2 contracts

Samples: General Master Purchase Agreement (Wingfoot Ventures Eight Inc.), Goodyear Tire & Rubber Co /Oh/

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