Common use of Transfer of Claims Clause in Contracts

Transfer of Claims. To the extent that the Deposit Protection Fund or its authorized representative makes payments to the Customer, the respective amount of the Customer’s claim against the Bank together with all subsidiary rights shall be transferred simultaneously to the Deposit Protection Fund.

Appears in 2 contracts

Samples: www.firmenkunden.commerzbank.de, www.firmenkunden.commerzbank.de

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Transfer of Claims. To the extent that the Deposit Protection Fund or its authorized representative mandatory makes payments to the Customera customer, the respective amount of the Customercustomer’s claim claims against the Bank Bank, together with all subsidiary rights rights, shall be transferred simultaneously to the Deposit Protection Fund.

Appears in 2 contracts

Samples: www.barclays.de, www.barclays.de

Transfer of Claims. To the extent that If the Deposit Protection Fund or its authorized an authorised representative of it makes payments to the Customera customer, the respective amount of the Customercustomer’s claim claims against the Bank together with all subsidiary rights shall be transferred simultaneously to the Deposit Protection Fund.

Appears in 1 contract

Samples: Ikb Loan Agreement (Glatfelter P H Co)

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Transfer of Claims. To the extent that the Deposit Protection Fund or its authorized representative mandatory makes payments to the Customera customer, the respective amount of the Customercustomer’s claim claims against the Bank together with all subsidiary rights shall be transferred simultaneously to the Deposit Protection Fund.

Appears in 1 contract

Samples: Surety Pool Agreement (Lydall Inc /De/)

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