Collateral Assets. (i) In its capacity as Investment Advisor, it manages the securitisation contemplated by the Facility Documents; and (ii) as of the date hereof, at least 5% of the Collateral Assets held by the Borrower are Retention Holder Originated Collateral Assets.
Collateral Assets. Dai's creation, value endorsement, and price stability are all achieved through collateral assets deposited into the Asemag vault. Collateral assets refer to digital assets that are voted into the agreement by ADAO holders. With the approval of the XXXX xxxxxx, any Ethereum based asset can be used as collateral for generating Dai on the Asemag agreement. When licensing a certain asset as collateral, ADAO holders must also select specific risk parameters accordingly. ADAO holders make these and other decisions through the Asemag decentralized governance process.
Collateral Assets. In order to guarantee to the Lender the faithful and timely fulfillment of all and each of the obligations of the Loan, the Borrower has created, or purport to create:
Collateral Assets. Sell, assign, transfer, convey or otherwise dispose of any Collateral Asset, or purchase any Collateral Asset, unless, after giving effect to any such sale, assignment transfer, conveyance, disposition or purchase, and any simultaneous sales or purchases of Collateral Assets and/or simultaneous prepayments of Loans in accordance with Section 2.03, (i) based on the most recent Borrowing Base determination received from the Administrative Agent or the Calculation Agent, no Borrowing Base Deficiency will exist and (ii) no Default would occur or be continuing after giving effect thereto; provided that, for the avoidance of doubt, the Borrower shall at all times be permitted to sell any Collateral Asset to an Approved Dealer in order to cure any Borrowing Base Deficiency so long as no Default would otherwise occur or be continuing after giving effect thereto. Apply the proceeds of any Disposition of all or any portion of the Collateral except toward (i) a Permitted Use, (ii) the repayment of Loans or the payment of fees or interest on Loans hereunder or (iii) subject to Section 7.06, a Restricted Payment.
Collateral Assets. As of the Agreement Execution Date:
Collateral Assets. Sell, assign, transfer, convey or otherwise dispose of any Collateral Asset, or purchase any Collateral Asset, unless, after giving effect to any such sale, assignment transfer, conveyance, disposition or purchase, and any simultaneous sales or purchases of Collateral Assets and/or simultaneous prepayments of Loans in accordance with Section 2.03, (i) based on the most recent Borrowing Base determination received from the Administrative Agent or the Calculation Agent, no Borrowing Base Deficiency will exist and (ii) no Default would occur or be continuing after giving effect thereto; provided that, for the avoidance of doubt, the Borrower shall at all times be permitted to sell any Collateral Asset to an 56
