Common use of Pledge of the Subordinated Deposit Clause in Contracts

Pledge of the Subordinated Deposit. The Subordinated Deposit shall be pledged as cash collateral (affecte a titre xx xxxx-especes) by the Centralising Unit in favour of the Purchaser, to secure the payment of (i) any sum due by the Debtors to the Purchaser in respect of the Sold Receivables and (ii) any sum due to the Purchaser by any Seller or the Centralising Unit pursuant to the Transaction Documents.

Pledge of the Subordinated Deposit. The Subordinated Deposit shall be pledged as cash collateral (affecte a affecté à titre xx xxxx-especesespèces) by the Centralising Unit in favour of the Purchaser, to secure the payment of (i) any sum due by the Debtors to the Purchaser in respect of the Sold Receivables and the Refinanced Sold Receivables and (ii) any sum due to the Purchaser by any Seller or Seller, the Centralising Unit or the Refinanced Seller pursuant to the Transaction Documents.