Excess Collateral. Upon the request of Customer, Broker shall Advise Custodian and Customer of any Collateral in any Special Custody Account in excess of the Adequate Margin then required for the Secured Obligations. At Customer’s request and upon Broker’s Advice, such excess shall be transferred from such Special Custody Account to an account of Customer at Custodian. Customer represents and warrants to Broker that the Collateral shall be at all times in good, freely deliverable and transferable form (or Custodian shall have the unrestricted power to put such securities into good, freely deliverable and transferable form) in accordance with the requirements of such exchanges and other markets as may be the primary market or markets for such Collateral.
Excess Collateral. Upon the request of Customer, Broker shall Advise Bank and Customer of any excess of Collateral in the Special Custody Account. Such excess shall at Customer's request be transferred therefrom upon Advice from Broker. Customer represents and warrants to Broker that securities included at any time in the Collateral shall be in good deliverable form (or bank shall have the unrestricted power to put such securities into good deliverable form) in accordance with the requirements of such exchanges as may be the primary market or markets for such securities.
Excess Collateral. Upon the request of Customer, Broker shall advise Bank and Customer of any excess of Collateral in the Special Custody Account. Such excess shall at Customer's request be transferred therefrom upon Advice from Broker.
Excess Collateral. If the conditions for the release of margin under the Customer Agreement have been met, upon Customer’s request to release Collateral to Customer or to a third party, Broker shall Advise Custodian to release Collateral to the extent that after giving effect to such release, Customer will be in compliance with all of its activities and agreements with Broker, including without limitation Section 3(b) and 3(e) hereof. For the avoidance of doubt, amounts available for release shall be reduced by the amount of any outstanding margin calls, and Broker will comply with Customer’s request to release Collateral from the Special Custody Account, only to the extent that such release will not cause a Securities Margin Deficiency.
Excess Collateral. If no Event of Default or Potential Default exists, and no Borrowing Excess exists or would occur (after taking into account any corresponding payment on the Obligation) as a result of the release, Borrower may, by a Release Request delivered to Administrative Agent by 11:00 a.m. on the Business Day of the release, request that Administrative Agent release the Lender Liens on any Collateral.
Excess Collateral. If marking-to-market results in an amount of Collateral that is in excess of the margin amount that is required to be maintained pursuant to the SLA, NFS will reallocate or return such amount of excess Collateral pursuant to the terms of the SLA.
Excess Collateral. Upon the request of Customer, from time to time, Broker may, if it determines such to be the case, issue an Advice to Custodian and Customer of any Collateral in any Special Custody Account which is in excess of the Adequate Margin and identify those Eligible Assets that may be removed from the Special Custody Account.
Excess Collateral. Unless there is a default, Assets which are not Qualified Assets and Qualified Assets in excess of the Value Requirement are available for withdrawal by me, free and clear of Lenders’ security interest, at my discretion. Upon reasonable notice and information, Lender shall accommodate my requests for withdrawal of excess Assets. Under no circumstances shall any intermediary be authorized to release Qualified Assets, or allow withdrawal(s) of excess Assets, without the express written consent of an authorized employee of Lender from its applicable credit department.
Excess Collateral. Each Grantor covenants and agrees that if it becomes aware of any Excess Collateral, it will (a) promptly (and in any event within three (3) Business Days) notify Collateral Agent of such Excess Collateral, and (b) take all actions reasonably necessary to perfect the Lien and Security Interest granted hereunder with respect to any Excess Collateral within 20 days (or such later date as may be agreed by Collateral Agent).
Excess Collateral. Unless an Event of Default has occurred and is continuing, Collateral in excess of the value requirements is available for withdrawal at Grantor’s request to Secured Party, free and clear of Secured Party’s security interest therein. Secured Party shall be afforded such reasonable time, information and cooperation as may be necessary to accommodate Grantor requests for withdrawal of excess Collateral. Under no circumstances shall any Intermediary be authorized to release Collateral, or allow withdrawals of excess Collateral, without the express written consent of Secured Party.
