Financial Collateral Act definition
Examples of Financial Collateral Act in a sentence
In such case, the Client shall provide AKCENTA with any and all cooperation required for the exercise of its right to satisfaction from Financial Collateral in accordance with the provisions of Section 17 of the Financial Collateral Act.
To secure the above specified Secured Claims, the Client and AKCENTA hereby agree upon Financial Collateral within the meaning of the Financial Collateral Act, having the nature of a pledge over the Financial Collateral in favor of AKCENTA.
To secure the above specified Secured Claims, the Client and AKCENTA hereby agree upon Financial Collateral within the meaning of the Financial Collateral Act, having the nature of a pledge over the Financial Collateral in favor of AKCENTA.
Each of the Secured Parties appoints the Collateral Agent (as defined in the Security Documents) as its representative (vertegenwoordiger/représentant) for the purposes of Article 5 of the Belgian financial collateral law of 15 December 2004 (as amended from time to time) (the “Belgian Financial Collateral Act”) for the purpose of executing, perfecting, managing and enforcing the Security Documents governed by the laws of Belgium and falling within the scope of the Belgian Financial Collateral Act.
If the Client is a legal person, Evli shall also have the right pursuant to the Financial Collateral Act to net from the Client the receivables covered by the Client’s collateral.
If the cash pooling agreement provides for a security (eg, a set-off provision) that can be considered as financial collateral under the Financial Collateral Act of August 5 2005, it should be in writing.
To secure the above specied Secured Claims, the Client and AKCENTA hereby agree upon Financial Collateral within the meaning of the Financial Collateral Act, having the nature of a pledge over the Financial Collateral in favor of AKCENTA.