Template:ISDA English Law Credit Support Deed 2018 2(b): Difference between revisions
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2(b) '''Security'''. Each party as the {{imcsdprov|Chargor}}, as security for the performance of the {{imcsdprov|Obligation}}s: | {{imcsdprov|2(b)}} '''Security'''. Each party as the {{imcsdprov|Chargor}}, as [[security]] for the performance of the {{imcsdprov|Obligation}}s: | ||
:(i) charges and agrees to charge, with [[full title guarantee]], in favour of the {{imcsdprov|Secured Party}} by way of [[Fixed charge|first fixed charge]]: | :(i) charges and agrees to charge, with [[full title guarantee]], in favour of the {{imcsdprov|Secured Party}} by way of [[Fixed charge|first fixed charge]]: | ||
::(A) all {{imcsdprov|Posted Credit Support (IM)}} (present and future); and <br> | ::(A) all {{imcsdprov|Posted Credit Support (IM)}} (present and future); and <br> | ||
::(B) each {{imcsdprov|Segregated Account}}, and <br> | ::(B) each {{imcsdprov|Segregated Account}}, and <br> | ||
:(ii) [[Assignment|assigns]] and agrees to assign, with [[full title guarantee]], the {{imcsdprov|Assigned Rights}} to the {{imcsdprov|Secured Party}} absolutely. <br> | :(ii) [[Assignment|assigns]] and agrees to assign, with [[full title guarantee]], the {{imcsdprov|Assigned Rights}} to the {{imcsdprov|Secured Party}} absolutely. <br> | ||
Revision as of 13:32, 21 April 2021
2(b) Security. Each party as the Chargor, as security for the performance of the Obligations:
- (i) charges and agrees to charge, with full title guarantee, in favour of the Secured Party by way of first fixed charge:
- (A) all Posted Credit Support (IM) (present and future); and
- (B) each Segregated Account, and
- (A) all Posted Credit Support (IM) (present and future); and
- (ii) assigns and agrees to assign, with full title guarantee, the Assigned Rights to the Secured Party absolutely.