Full Enforcement. Upon the occurrence of a default of a payment or any other obligation of the Account Holder under the Imbalance Settlement Agreement, and for as long as the same is continuing, eSett may enforce the pledge and have the right to debit the balance on the Cash Collateral Account to cover any claims secured under Section 3.
Appears in 2 contracts
Sources: Cash Account and Cash Collateral Agreement, Cash Account and Cash Collateral Agreement