Examples of Eligible Cash in a sentence
If, in relation to any Substitution, any Eligible Cash Collateral is required to be transferred to VIS, UBS shall procure that such party as may be determined by UBS (which may include UBS) shall, on the Substitution Effective Date transfer an amount equal to the Class [•] Notes’ Pro Rata Share of such Eligible Cash Collateralto VIS or to the order of the Collateral Agent on behalf of VIS.
The number of shares of Stock to be distributed pursuant to Outside Directors' elections to receive shares of Stock in lieu of Eligible Cash Fees (as described in subsection 3.1) shall be determined in accordance with Section 3.
All deposits and withdrawals of Eligible Cash Collateral will take place between the relevant accounts described in Clearing Procedures 7.1.1 and 7.1.2.
Withdrawal of Eligible Cash Collateral by the Clearing Member shall not be allowed on the Currency Holiday of the relevant currency in which such Eligible Cash Collateral is denominated.
Details and procedures relating to the withdrawal and deposit of Eligible Cash Collateral and the delivery of Eligible Non-Cash Collateral will be covered in Section 8 of these Clearing Procedures.