COLLATERAL SECURITIES. Eligible collateral securities are all the electronically registered bond classes issued by HFF and the Government Debt Management with regard to market making. Securities used as collateral must be the property of the primary dealer and must be free of liens and encumbrances upon delivery. HFF shall hold a lien on the collateral securities during the term of the agreement. Securities may also be in the form of cash guarantees. The interest on the collateral shall be 0.5% less than the interest rate at the Central Bank of Iceland. The interest is paid at the end of the year. If cash is used as collateral for one day or less, no interest will be calculated. The primary dealer may request to borrow bonds from HFF until 15 minutes after the end of trading at the Exchange on all trading days. The request must be e-mailed in time and immediately followed by a phone call in order to confirm receipt of the request. If HFF approves the request, the primary dealer shall submit collateral no later than 30 minutes after the end of trading at the Exchange. HFF delivers the borrowed bonds no later than 45 minutes after the end of trading at the Exchange on the day of the agreement, provided the securities have been turned in. If the primary dealer submits collateral securities, they must be delivered into HFF’s account at the Icelandic Securities Depository, specified in the parties’ agreement. HFF then deposits the borrowed bonds into the primary dealer’s account at the Icelandic Securities Depository.
COLLATERAL SECURITIES. 20.1 This Agreement shall be collateral with any other document or Securities given by any person whomsoever to secure the Advance or any part thereof and with all documents which evidence the terms of any loans credits advances and other financial accommodation and shall also be collateral with all documents expressed to be collateral herewith, and all such documents shall be read and construed together so that a default under any one such document or Security shall constitute a default under all, but so that the Credit Union may at its option exercise its rights powers and remedies thereunder and hereunder either together or separately and in such order as it deems fit.
COLLATERAL SECURITIES. 12.1 In order to provide collateral security for any breach of obligations or responsibilities arising from the contractual relationship, the Air Operator is obliged to set a bank guarantee in favour of the Buyer as for its own debt amounting to at least EUR fifty thousand (50,000). The bank guarantee must be set prior to the execution of the Agreement.
12.2 The collateral security must be valid throughout the Agreement Period and at least three (3) months after the Agreement is terminated.
COLLATERAL SECURITIES. This Agreement shall be collateral with all other deeds, securities, documents and agreements given to us by any person to secure the money payable under this Agreement. All such documentation shall be read and construed together so that a default under one shall constitute a default under all. With respect to any such default we may exercise our rights, powers and remedies under any of them in such order as we think fit.
COLLATERAL SECURITIES. 7.1 The Agreement is collateral to all other deeds, securities, documents and agreements made between us and any party to secure the Outstanding Monies, such that a default under any one such security shall be a default under the other but any release shall not operate as a release of any other security.
7.2 We may pursue our remedies and exercise our powers under the Agreement or the said collateral securities separately or concurrently.
7.3 You will perform and observe all the terms of every such collateral security.
COLLATERAL SECURITIES. 3.01 If at any time and from time to time Secured Party determines that the total amount of all then outstanding Advances on any date are greater than the Borrowing Base as in effect on such date, Debtor shall, consistent with and as required under Section 2.01 of the Loan Agreement, immediately either (a) prepay the amount by which the total amount of all then outstanding Advances exceed the Borrowing Base, or (b) deliver to Secured Party additional Securities, such that following said prepayment or delivery, the total amount of all then outstanding Advances no longer exceed the Borrowing Base.
3.02 Upon the occurrence and continuation of any Event of Default, that portion of the pledged Securities consisting of distributions and payments upon or in connection therewith (whether such distributions or payments are dividends, interest, principal or other distributions, or in partial or complete liquidation, or the result of reclassification, readjustment or other changes in the capital structure of the Persons issuing the same or otherwise) shall be delivered by Debtor to Secured Party in the form that the distribution or payment is received by Debtor, and Secured Party shall hold any such distribution or payment as additional Collateral to secure the Borrower’s Obligations. Any shares of capital stock, securities or evidence of indebtedness so distributed to Debtor shall be delivered to Secured Party accompanied with irrevocable stock powers relating thereto or assignments thereof duly signed by Debtor in form acceptable to Secured Party and duly endorsed in blank by Debtor.
3.03 Upon the occurrence and continuation of any Event of Default, that portion of the pledged Securities consisting of subscriptions, warrants, options and any other rights issued upon or in connection therewith or any portion thereof, shall be delivered by Debtor to Secured Party, and Secured Party shall hold such subscriptions, warrants, options and other rights to secure Borrower’s Obligations; provided, however, that if Secured Party determines in its sole discretion that the value of any of such subscriptions, warrants, options or other rights shall terminate, expire or be materially reduced by holding the same as Collateral, Secured Party shall have the right, in its sole discretion, to sell or exercise the same, and if exercised, then the monies disbursed by Secured Party in connection therewith shall be deemed Advances by Secured Party to Debtor, and shall constitute part of B...
COLLATERAL SECURITIES. As collateral for the Obligations throughout the term of the Lease, Tenant will pledge to Landlord, and grant Landlord, a perfected, first priority security interest in, Collateral Securities held in the Control Account with a Market Value at all times equal to the Required Balance. A list of the initial Collateral Securities pledged by Tenant and held in the Control Account is attached to this Agreement as EXHIBIT B.
COLLATERAL SECURITIES. 3.1 Borrower warrants and represents to Bank that the Securities identified on collateral schedules attached hereto are being delivered to Bank concurrently herewith accompanied by irrevocable stock powers or assignments relating thereto endorsed in blank by Borrower. Borrower, from time to time hereafter, shall endorse any additional Securities to Bank in a form acceptable to Bank in its sole discretion. Such Securities shall be delivered to Bank accompanied with irrevocable stock powers relating thereto or assignments thereof duly executed by Borrower in form acceptable to Bank and duly endorsed in blank by Borrower.
3.2 That portion of the Securities consisting of distributions and payments upon or in connection therewith (whether such distributions or payments are dividends, or in partial or complete liquidation, or the result of reclassification, readjustment or other changes in the capital structure of the Persons issuing the same or otherwise) shall be delivered by Borrower to Bank in the form that the distribution or payment is received by Borrower, and Bank shall hold any such distribution or payment as additional Collateral to secure Borrower's Liabilities and Borrower's Obligations. Any shares of capital stock, securities or evidence of indebtedness so distributed to Borrower shall be delivered to Bank accompanied with irrevocable stock powers relating thereto or assignments thereof duly signed by Borrower in form acceptable to Bank and duly endorsed in blank by Borrower.
3.3 That portion of the Securities consisting of subscriptions, warrants, options and any other rights issued upon or in connection therewith or any portion thereof, shall be delivered by Borrower to Bank, and Bank shall hold such subscriptions, warrants, options and other rights to secure Borrower's Liabilities and Borrower's Obligations; provided, however, that if Bank determines in its sole discretion that the value of any of such subscriptions, warrants, options or other rights shall terminate, expire or be materially reduced by holding the same as Collateral, Bank shall have the right, in its sole discretion, to sell or exercise the same, and if exercised, then the monies disbursed by Bank in connection therewith shall be deemed a loan by Bank to Borrower, and shall constitute part of Borrower's Liabilities, payable by Borrower to Bank on demand.
3.4 Bank may now or at any time or times hereafter, transfer any or all of the Securities into the name of Bank, or into the nam...
COLLATERAL SECURITIES. On the Issue Date, the Borrower shall issue an irrevocable instruction letter to its transfer agent in the form attached hereto as Exhibit D (the “Instruction Letter”) instructing the transfer agent to reserve three million (3,000,000) shares of its common stock, restricted in accordance with Rule 144 (the “Collateral Securities”), for the benefit of the Agent to secure the payment of the Obligations. In the event the Obligations are not paid in full by the Maturity Date, the Agent may instruct the transfer agent to issue the shares to the Agent in accordance with the Instruction Letter. Once in receipt of the Collateral Securities, and once the Agent is able to sell the Collateral Securities in accordance with federal and state securities laws, the Agent may sell the Collateral Securities until such time as the Agent has received sufficient funds to pay all the Obligations in full. Any shares of the Collateral Securities that remain after such funds have been received will be returned to the Borrower. These shares are subject to adjustment in the event the Borrower subdivides or combines its outstanding shares of common stock.
COLLATERAL SECURITIES. (1) Repo sellers shall adopt policies and procedures to ensure that all Collateral Securities that are the subject of Repos are either registered with the Commission or registered in accordance with the securities laws or regulations of an Approved Foreign Jurisdiction.
(2) Repos to Non-Institutional Investors should be restricted to the following:
a) Treasury Bills and Treasury Notes issued by the Government of Trinidad and Tobago (“GORTT”);
b) Bonds issued or guaranteed by XXXXX provided that those bonds were issued in Trinidad and Tobago;
c) Eurobonds issued by XXXXX;
d) Bonds issued by state agencies of GORTT;
e) Bonds issued by statutory bodies established within Trinidad and Tobago and
f) Corporate bonds listed on the Exchange.
(3) Collateral securities must not be used to cover short sales.
(4) Collateral securities must not be subject to margin purchases where these are held by other brokers.
(5) Collateral securities must not be otherwise pledged or used as collateral.
