Examples of Financial Collateral Law in a sentence
The pledge is used as a security for the discharge in full and payment of the Secured Obligations (in accordance with the Financial Collateral Law and the Royal Decree N°62 as defined in the contract).
It is duty of administrator, liquidator or other persons appointed by the regulatory enactments, who make decisions according to the regulatory enactments on the legal protection process, liquidation or insolvency procedure, to provide for timely and due performance of the contractual obligations in compliance with all provisions of the Financial Collateral Law, Collateral Agreement and these Conditions.
Such instruction shall be the Customer’s obligation under the agreement in the understanding of the Financial Collateral Law and as such cannot be withdrawn unilaterally.
In accordance with the Financial Collateral Law, the Bank's rights to the Collateral shall not be amended, terminated or restricted by judgements of courts and other institutions, which must be executed in accordan- ce with the procedure specified in other regulatory enactments and on the basis of the execution documents issued on the basis of these judgements to the financial Collateral taker or his/her authorized person.
Mintos may treat any funds and any Note in the Investment Account as financial collateral (within the meaning of the Financial Collateral Law of the Republic of Latvia), and if the Investor has any liability to Mintos from the Agreement, write-off the funds and/or sell the Note at the then current market price (including with discount) and use the sale proceeds towards satisfying the liability.
However, the Financial Collateral Law does not clearly state whether the account can be charged with floating charge instead of fixed amount.
As continuing security for the full discharge and payment of the Secured Liabilities, the IM-Security Provider hereby grants to the IM-Security Receiver a first ranking pledge (gage de premier rang) over the Charged Assets, in accordance with the Financial Collateral Law.
HAENTJENS, Financial Collateral: Law and Practice, Oxford, Oxford University Press, 2020, p.
These Terms shall constitute an agreement between the Client and the Bank regarding financial collateral pursuant to the Financial Collateral Law of the Republic of Latvia.
The provisions of the Financial Collateral are regulated by the Agreement, Terms and Conditions and Financial Collateral Law of the Republic of Latvia (Finanšu nodrošinājuma likums).