Common use of Amount of Collateral Clause in Contracts

Amount of Collateral. Although the Customer has the right to negotiate a “public unit negotiated collateral requirement” pursuant to Section 135.182 of the Ohio Revised Code, the Customer consents to the pledging of collateral by the Financial Institution equal to any minimum amount required by the TOS, as such amount may be changed from time to time, pursuant to such laws and rules and policies of the TOS promulgated or adopted pursuant to such laws.