Common Contracts
2 similar Collateral Requirement Agreement contracts
COLLATERAL REQUIREMENTCollateral Requirement Agreement • February 21st, 2018
On any Business Day that the Local Government has Uninsured Deposits in the Bank, the Bank, in accordance with paragraph b of Section 1 of this Agreement, agrees to deliver or cause to be delivered to the account Eligible Collateral having an Adjustment Market Value equal to the Collateral Requirements. For purpose of this Agreement, Collateral Requirement shall mean the amount of such Uninsured Deposits times Margin Percentage, if any.
COLLATERAL REQUIREMENTCollateral Requirement Agreement • September 10th, 2009
On any Business Day that the Local Government has Uninsured Deposits in the Bank, the Bank, in accordance with paragraph b of Section 1 of this Agreement, agrees to deliver or cause to be delivered to the account Eligible Collateral having an Adjustment Market Value equal to the Collateral Requirements. For purpose of this Agreement, Collateral Requirement shall mean the amount of such Uninsured Deposits times Margin Percentage, if any.
