Common use of Collateral Delivery - Clause in Contracts

Collateral Delivery -. If notice of a Collateral Requirement is sent to Customer: (i) on or before 12:00 p.m. New York time on any Business Day, then Customer shall deliver all required Collateral no later than the 4:00p.m. New York time on such Business Day, and (ii) after 12:00 p.m. New York time on any Business Day, then Customer shall deliver all required Collateral no later than 11:00 a.m. New York time on the immediately succeeding Business Day. For the avoidance of doubt, the requirement to deliver Collateral in accordance with this Section 10 shall constitute an Obligation under the Lending Services Agreement.

Collateral Delivery -. If notice of a Collateral Requirement is sent to Customer: (i) on or before 12:00 p.m. (New York time time) on any Business Day, then Customer shall deliver all required Collateral no later than the 4:00p.m. 4:00 p.m. (New York time time) on such Business Day, and (ii) after 12:00 p.m. (New York time time) on any Business Day, then Customer shall deliver all required Collateral no later than 11:00 a.m. (New York time time) on the immediately succeeding Business Day. For the avoidance of doubt, the requirement to deliver Collateral in accordance with this Section 10 9 shall constitute an Obligation under the Lending Services Agreement.