Common use of Adequacy of Collateral Clause in Contracts

Adequacy of Collateral. The Administrator shall have confirmed to the Bank pursuant to Section 3.1(a) of the Collateral Agreement that the Collateral Value of the Collateral Pool is sufficient to secure all of such Committed Loan.

Appears in 2 contracts

Samples: Credit Agreement (Piper Jaffray Companies Inc), Credit Agreement (Piper Jaffray Companies Inc)

AutoNDA by SimpleDocs

Adequacy of Collateral. The All of the conditions to the effectiveness of the Collateral Agreement specified in Article XIII thereof shall have occurred and the Administrator shall have confirmed to the Bank pursuant to Section 3.1(a) of the Collateral Agreement thereof that the Collateral Value of the Collateral Pool is sufficient to secure all of such the initial Committed Loan.

Appears in 1 contract

Samples: Credit Agreement (Piper Jaffray Companies Inc)

AutoNDA by SimpleDocs

Adequacy of Collateral. The Administrator shall have confirmed to the Bank pursuant to Section 3.1(a) of the Collateral Agreement that the Collateral Value of the Collateral Pool is sufficient to secure all of such Committed Loan. 3.2(e) Form U-1. The Bank shall have received a properly completed Form U-1 (as referred to in Regulation U) duly executed by the Company if so requested by the Bank.

Appears in 1 contract

Samples: Credit Agreement (Piper Jaffray Companies Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.