Examples of Cash Collateral Bank in a sentence
Each Account Holder must at its own cost and in accordance with the below, establish and maintain arrangements as required for Cash Settlement under these Clearing Rules.The Account Holder must designate a Cash Collateral Bank Account in each relevant Permitted Currency with an Approved Settlement Bank for the provision of Cash Collateral and in which it has Cash Settlement obligations under these Clearing Rules.
Thereafter, the Clearinghouse issues payment instructions not later than 2.00 p.m. (or 4.00 p.m. in respect of USD) for crediting of net settlements on the Account Holder’s designated Cash Collateral Bank Account, in accordance with the provision of the Cash Optimization Service as set out in Section 6.4.
The Collection Agent shall maintain or cause to be maintained in the name of the Seller, for the benefit of the Investors and under the sole dominion and control of the Agent, the Cash Collateral Account, with the Cash Collateral Bank, and subject to the Cash Collateral Agreement.
Such Cash Collateral Account shall be subject to a Cash Collateral Agreement in form and substance satisfactory to the Program Agent, each Investor Agent, the Seller, the Collection Agent and the Cash Collateral Bank (the “Cash Collateral Agreement”).
The Common Stock and Warrants included in the Units (as defined below) will trade separately on the 90th business day following the date hereof unless the Representative determines to allow earlier separate trading.