Repayment Amount transfer Clause Samples

Repayment Amount transfer. Upon receipt of an acknowledgement from the Host DGS stating that it is ready to perform the Depositors’ Repayment, the Home DGS shall transfer either: the full estimated amount of the Repayment. Additional transfers shall be made if the amount has been under estimated; or several amounts matching the Repayment amounts included in the corresponding Payment Instructions Files sent to the Host DGS. The Home DGS shall provide the Host DGS with the funds required for repaying compensation to eligible depositors prior to Repayment. The Host DGS is under no obligation to make any payment to Host Depositors (or to continue making payments) unless the Home DGS has provided the Host DGS with cleared funds at least equal to the total amount of Repayment due to Host Depositors according to all Payment Instruction Files received from time to time by the Host DGS. Unless otherwise agreed and specified in Bilateral-Spec., the Parties shall use the receipt of acknowledgement template prescribed in the H2C Rulebook. The Host DGS shall monitor closely the balance between cash received from the Home DGS and cash paid to Depositors. The Host DGS shall provide to the Home DGS with a report showing balance of funds remaining and, unless otherwise agreed and specified in Bilateral-Spec., shall use the cash reconciliation report format prescribed in the H2C Rulebook.