TRANSFER OF CASH COLLATERAL. 3.1 In order to secure the full and punctual payment of the Secured Obligations, the Institution shall constitute cash collateral in favour of the SRB and shall transfer in full ownership to the SRB an amount in cash equal to the IPC Amount (the "Cash Collateral").
Appears in 4 contracts
Samples: Payment Commitment and Collateral Arrangement Agreement, Collateral Arrangement Agreement, Payment Commitment and Collateral Arrangement Agreement
TRANSFER OF CASH COLLATERAL. 3.1 In order to secure the full and punctual payment punctualpayment of the Secured Obligations, the Institution shall constitute cash collateral in favour of the SRB and shall transfer in full ownership to the SRB an amount in cash equal to the IPC Amount (the "Cash Collateral").
Appears in 1 contract
Samples: Payment Commitment and Collateral Arrangement Agreement
