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Template:ISDA English Law Credit Support Deed 2018 2(b): Difference between revisions
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Template:ISDA English Law Credit Support Deed 2018 2(b) (view source)
Revision as of 14:53, 7 May 2021
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{{imcsdprov|2(b)}} '''Security'''. Each party as the {{imcsdprov|Chargor}}, as [[security]] for the performance of the {{imcsdprov|Obligation}}s: | {{imcsdprov|2(b)}} '''[[Security (2(b)) - IM CSD Provision|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> | ||