Transfer of Claims. To the extent that the Deposit Protection Fund or its mandatory makes payments to a customer, the respective amount of the customer’s claims against the Bank, together with all subsidiary rights, shall be transferred simultaneously to the Deposit Protection Fund.
Appears in 2 contracts
Samples: Customer Agreement, Customer Agreement
Transfer of Claims. To the extent that the Deposit Protection Fund or its mandatory authorized representative makes payments to a customerthe Customer, the respective amount of the customerCustomer’s claims claim against the Bank, Bank together with all subsidiary rights, rights shall be transferred simultaneously to the Deposit Protection Fund.
Appears in 2 contracts
Samples: General Business Conditions, General Business Conditions
Transfer of Claims. To the extent that If the Deposit Protection Fund or its mandatory an authorised representative of it makes payments to a customer, the respective amount of the customer’s claims against the Bank, Bank together with all subsidiary rights, rights shall be transferred simultaneously to the Deposit Protection Fund.
Appears in 1 contract
Samples: Loan Agreement (Glatfelter P H Co)
Transfer of Claims. To the extent that the Deposit Protection Fund or its mandatory makes payments to a customer, the respective amount of the customer’s claims against the Bank, Bank together with all subsidiary rights, rights shall be transferred simultaneously to the Deposit Protection Fund.
Appears in 1 contract
