Examples of Security Deposit Account in a sentence
The rights and remedies of the Security Beneficiary under this Agreement in connection with seeking satisfaction from the Minimum DSRA Balance include disposing of (effecting transfers to the debit of and withdrawals from) the Security Deposit Account and other rights to which the Security Provider is entitled pursuant to the Civil Code or any other applicable law.
The Security Provider instructs the Security Deposit Holder Bank that all accrued interest on the Security Deposit Account on the Minimum DSRA Balance at any time be transferred to the main account of the Security Provider, no.
Any such right of the Security Beneficiary may be exercised by the Security Beneficiary by sending via a coded Swift message an order to the Security Deposit Holder Bank – to the attention of [*] to [*] - , in which order the Security Beneficiary instructs the Security Deposit Holder Bank to transfer the amount indicated in the order from the Security Deposit Account to the account of the Security Beneficiary indicated in the order.
The Security Provider hereby waives and renounces any rights it may have pursuant to Hungarian bank secrecy regulations or legislation with respect to the disclosure of information in connection with the Security Deposit Account to the Security Beneficiary by the Account Holder Bank, in the manner contemplated by this Agreement.
This Agreement contains both the agreement of the Security Provider and the Security Beneficiary on pledging the Minimum DSRA Balance and the agreement of the Security Provider, the Security Beneficiary and the Security Deposit Account Holder Bank creating a security deposit over the Minimum DSRA Balance on the basis of the aforementioned pledge agreement.