Collateral Procedures. The Borrower shall deliver to the Agent the Required Consumer Loan Documents from time to time to such locations and in such manner acceptable to the Agent as the Agent shall reasonably determine. The Borrower shall take any actions required by the Agent to obtain the release of any lien or security interest in favor of any party other than the Agent in any Consumer Loan Collateral. The Borrower shall pay to the Agent all custodial costs incurred, as determined by the Agent. With the prior consent of the Agent in each instance, in its sole discretion, the Borrower shall be entitled to effect delivery to the Agent by delivery to the Collateral Custodian or a successor custodian approved by the Agent. All consumer loans delivered by the Borrower to the Agent or the Collateral Custodian shall be accompanied by the Required Consumer Loan Documents, and the Borrower shall be deemed to represent and warrant in connection with all such loans delivered to the Agent or the Collateral Custodian that the certifications required to be included in the Consumer Loan Cover Sheet are true even if no such cover sheet shall be delivered by the Borrower. The Borrower shall promptly deliver to the Agent or the Collateral Custodian any additional documents related to any Consumer Loan Collateral which the Borrower acquires after delivery to the Agent or the Collateral Custodian of the Required Consumer Loan Documents.
Collateral Procedures. 33 4.6 Administrative Agent for Appraisals.............................33 4.7
Collateral Procedures. The Borrower shall take or cause to be performed such acts and actions as shall be reasonably necessary or appropriate, or that the Agent may reasonably request, to assure that the Lien upon Collateral granted in favor of the Agent shall remain in effect and be perfected.
Collateral Procedures. (1) Lender will hold all Collateral deposited with it and will receive and hold payments thereon, proceeds therefrom, interest, profits, dividends and other accretions arising from the Collateral (hereafter called “Payment Items”). Borrower shall immediately deliver to Lender any such Payment Items that are distributed or paid to Borrower. Lender may notify those liable for any of the Payment Items to make payment of any amounts due thereon direct to Lender, Lender shall have the right to vote any of the Collateral held by it, and Borrower shall execute any and all instruments necessary in order to appoint Lender as Borrower’s proxy.
(2) Borrower shall take all required steps for the collection of the Collateral, shall do everything necessary to preserve rights against prior parties to instruments, documents or paper constituting the Collateral, and shall be responsible generally for its preservation. Lender will be under no obligation to undertake such collection and shall be responsible only for exercising reasonable care in the custody and preservation of the Collateral. However, if it so desires, Lender will have the right to undertake the collection of all or any part of the Collateral, and for this purpose will have the right to endorse on behalf of and in the name of Borrower any of the Collateral items and to give receipts therefor in Borrower’s name. Lender may at any time apply any of the cash or cash equivalent Collateral against any or all of the Obligations in any manner Lender may select. Lender will have the right to transfer any or all of the Collateral into its own name or that of its nominee, and Lender may thereupon exercise all rights and privileges to which it will thereupon become entitled, but it will be under no duty to exercise such rights and privileges. In the event Lender finds it necessary to bring a collection suit, Borrower agrees that Lender may bring said suit in Borrower’s name.
(3) Lender may accept additions to or substitutions for any or all of the Collateral, may release or deliver any or all of the Collateral to Borrower, and may release or compromise with anyone liable on any of the Collateral - all without affecting Lender’s rights in any of the Collateral retained or the liability of any maker, endorser or guarantor or any of the Obligations. Each maker, guarantor or endorser of any of the Obligations hereby waives notice of any of the foregoing actions and waives presentment, protest, notice of dishonor, and any n...
Collateral Procedures. (a) Create Scenario (in the event that an Authorized Participant (AP) is unable to deliver shares in the basket on T+1):
1) The Custodian will transmit a failed trade report via e-mail to Ameristock daily at 12:00 p.m.
2) Ameristock will review the failed trade report and determine whether collateral is required from an AP to cover the amount of securities not delivered in the basket on T+1. (note: the collateral requirement is generally outlined for the AP in the AP agreement)
3) Ameristock will contact the AP and request that cash collateral be sent to the Custodian. Wire instructions will be provided.
4) Ameristock will notify the Custodian to receive in collateral from the AP. The fax instruction can be sent to 000-000-0000 or Ameristock can instruct the receipt using the Custodian's Funds Transfer tool on its website. The Custodian will need to be provided by Ameristock with the Custodian’s collateral account number, USD amount, delivering AP and value date. Each fund will have its own collateral account.
5) The AP will send the cash collateral to the Custodian’s collateral accounts by 6:00 p.m. on T+1.
6) Once the AP has delivered the basket security to the Custodian, the failed trade will be removed from the failed trade report, the Custodian shall notify Ameristock of such in writing, and Ameristock will instruct the Custodian to return the cash collateral to the AP. The fax instruction can be sent to 000-000-0000 or Ameristock can instruct the cash transfer using the Custodian's Funds Transfer tool on its website.
(b) Cash in Lieu Procedures (in the event that Ameristock allows an AP to deliver cash in lieu of a basket security): Ameristock would utilize these procedures when a particular AP is unable to deliver one of the Treasuries in the basket.
1) Ameristock instructs the Custodian to cancel the receipt of the Treasury which is undeliverable. The cancel instruction can either be faxed to the Custodian’s Trade Processing (617-772-2378) or Ameristock can utilize the Cancel function within the Custodian's Trades tool on its website to submit the cancel instruction electronically.
2) Ameristock will instruct the Custodian to receive in cash in lieu of the Treasury. Ameristock will either notify the Custodian of the cash amount to receive via fax (sent to 000-000-0000) or instruct the receipt of cash using the Custodian's Funds Transfer tool on our website.
Collateral Procedures. If the AP is unable to deliver to the Custodian the ETF shares for a redeem on settlement date, the AP should send the Custodian the associated collateral amount. (See Section 7 of Part A of this Annex II for process to coordinate collateral with the AP). The Custodian will hold the AP's collateral until the ETF shares are received. Once the shares are received, Ameristock will instruct the Custodian to return the collateral to the AP.
Collateral Procedures. Without limiting the generality of the foregoing provisions of this Section 3, Xxxxxxxx agrees (i) to deliver to or for the account of Agent, at the address and to the Person to be designated by Agent, any certificates, instruments, Chattel Paper, or other writings evidencing Receivable Collateral, with any necessary endorsements thereon and other instruments of transfer or assignment, all in form and substance satisfactory to Agent, as Agent shall require, such delivery to occur on or prior to the Closing Date and the earlier to occur of (A) the delivery of any Borrowing Base Certificate and (B) five Business Days following the receipt of any such certificates, instruments, Chattel Paper, or other writings evidencing Receivable Collateral; and (ii) otherwise to comply with the procedures reasonably established by Agent, as modified from time to time by Agent to conform to current legal requirements or Agent's practices and policies, relating to the perfection of the first priority security interest in and pledge of the Receivable Collateral, including Chattel Paper, to Agent for itself and on behalf of and for the ratable benefit of Lenders.
Collateral Procedures. MORTGAGE LOAN FOR DRY BORROWING. Delivery of a Mortgage Loan to support it Dry Borrowing requires delivery to Administrative Agent of the following Collateral Documents -- each of which must be in form and substance satisfactory to Administrative Agent -- in the following manner:
Collateral Procedures. Foreign Registered Aircraft
Collateral Procedures
