Examples of Product Collateral in a sentence
Approved Product transferred to an Account (including a Settlement Account) or a Product Collateral Account, by or on behalf of a Clearing Participant or Lending Clearing Participant must be transferred free and clear of any interest (including any Security Interest) whatsoever.
If the Seller fails to pay any amount which the Seller is obligated to pay to a Third Party with respect to the Product Collateral or any covenant of Seller under Section 5 of this Agreement, the Buyer may make such payment, and all amounts so paid by the Buyer are Buyer’s Remedy Expenses and immediately due and payable and secured by the Collateral.
At the Bank’s request, the Borrower and the Party Es- tablishing Collateral shall provide the originals of any documents related to the Credit Product Collateral and also documents that confirm the payment of all costs and fees for establishing and maintaining the Credit Product Collateral in a non-deteriorated state.
The combination of the impact and the probability of occurrence determines the severity level of the risk.
The Seller Group is the sole and exclusive owner of all of the Product Collateral.