Common use of Pledged Securities deposited in Swiss Securities Accounts Clause in Contracts

Pledged Securities deposited in Swiss Securities Accounts. If the Clearing Member has established one or more Swiss Elementary Omnibus Pledged Securities Accounts, one or more Swiss Net CASS Omnibus Pledged Security Accounts or one or more Clearing Agent Pledged Securities Account(s) pursuant to Clause 2.1.3 and, in the systems of Eurex Clearing AG, any pledged securities deposited in any such account are allocated to a particular Elementary Omnibus Standard Agreement or a particular Net Omnibus Standard Agreement or are identified as Contributions to the Default Fund with respect to a particular Basic Clearing Member , as applicable, Eurex Clearing AG shall, upon the pledge pursuant to Clause 2.4.2, Clause 2.4.3 or Clause 2.4.5 becoming enforceable, only enforce the pledge with respect to such pledged securities, and only apply any proceeds from the enforcement of the pledge over such pledged securities, to satisfy those Secured Elementary Omnibus Claims (other than Secured CASS Omnibus Claims) that relate to such particular Elementary Omnibus Standard Agreement, those Secured CASS Omnibus Cclaims arising under all Net Omnibus Transactions under that relate to such particular Net Omnibus Standard Agreement for CASS Transactions or those Default Fund Secured Claims that relate to such Basic Clearing Member , respectively.

Pledged Securities deposited in Swiss Securities Accounts. If the Clearing Member has established one or more Swiss Elementary Omnibus Pledged Securities Accounts, one or more Swiss Net CASS Omnibus Pledged Security Accounts, Swiss ISA Pledged Securities Accounts, Swiss XXX XXXX Pledged Security Accounts or one or more Swiss Clearing Agent Pledged Securities Account(s) Accounts pursuant to Clause 2.1.3 and, in the systems of Eurex Clearing AG, any pledged securities deposited in any such account are allocated to a particular Elementary Omnibus Standard Agreement or a particular Net Omnibus ISA Standard Agreement or are identified as Contributions to the Default Fund with respect to a particular Basic Clearing Member Member, as applicable, Eurex Clearing AG shall, upon any of the pledge pledges pursuant to Clause 2.4.2, Clause 2.4.3 Clauses 2.4.1 to 2.4.5 or Clause 2.4.5 2.4.7 becoming enforceable, only enforce the pledge with respect to such pledged securities, and only apply any proceeds from the enforcement of the pledge over such pledged securities, to satisfy those Secured Elementary Omnibus Claims (other than Secured CASS Omnibus Claims) that relate to such particular Elementary Omnibus Standard Agreement, those Secured CASS Omnibus Cclaims arising under all Net Omnibus Transactions under Claims that relate to such particular Net Omnibus Standard Agreement for CASS Transactions, those Secured ISA Claims (other than Secured XXX XXXX Claims) that relate to such particular ISA Standard Agreement, those Secured XXX XXXX Claims that relate to such particular ISA Standard Agreement for XXX XXXX Transactions or those Default Fund Secured Claims that relate to such Basic Clearing Member Member, respectively.