Dedicated Account. As soon as reasonably practicable and following the Notification, the Host DGS shall select or open a Dedicated Account for that Payout. This account shall be and remain segregated from other Host DGS accounts. If more than one default occurs, separate accounts shall be opened per default. The currency of the account shall be the same as the Payout Currency. The Host DGS shall provide the Home DGS with all the necessary information (including, if applicable, bank account details β IBAN, BIC, code) about such account, promptly after receiving the notification of unavailability of deposits.
Appears in 3 contracts
Sources: Cooperation Agreement, Cooperation Agreement, Cooperation Agreement