Loan Collateral. For each loan of securities, the Approved Borrower shall pledge at all times during the term of the loan collateral in the form of one or more of the following items: (a) cash in U.S. dollars or foreign currency (“Cash Collateral”), or (b) securities issued or fully guaranteed by the United States government or any agencies or instrumentalities thereof or such other collateral as may be then permitted by applicable law, regulation and/or interpretation, and the Securities Lending Guidelines (“Non-Cash Collateral” and, collectively with Cash Collateral, “Collateral”) in the aggregate having a market value (as determined by the Lending Agent pursuant to the applicable SLA) at least equal to the market value of the loaned securities (as determined by the Lending Agent pursuant to the applicable SLA).
Loan Collateral. For each loan of securities, the Approved Borrower shall pledge as collateral any of the following items: (a) cash in U.S. dollars or foreign currency (“Cash Collateral”) or (b) securities issued or fully guaranteed by the United States government or any agencies or instrumentalities thereof (“Non-Cash Collateral” and, collectively with Cash Collateral, “Collateral”) having a market value (as determined by the Lending Agent pursuant to the applicable SLA) at least equal to the market value of the loaned securities (as determined by the Lending Agent pursuant to the applicable SLA); plus such other collateral as may be then permitted by applicable law, regulation and/or interpretation, and the Securities Lending Guidelines.
Loan Collateral. For each loan of securities, Lending Agent shall require the Borrower to pledge as collateral the following items: (i) cash in U.S. dollars; (ii) U.S. Government Securities; or (iii) irrevocable performance letters of credit issued by (a) a domestic bank that is organized under the laws of the United States, (b) a domestic bank that is organized under the laws of a State, or (c) a foreign bank that has filed an agreement with the Federal Reserve Board to comply with the same rules and regulations applicable to U.S. banks in securities credit transactions (collectively, "Collateral") having an initial market value (as determined by Lending Agent pursuant to the applicable MSLA) at least equal to 102% of the market value (including any accrued interest) of any domestic securities loaned or 105% of the market value (including any accrued interest) of any foreign securities loaned, as the case may be (as determined pursuant to the applicable MSLA).
Loan Collateral. For each loan of securities, the Approved Borrower shall pledge as collateral the following items: (a) cash in U.S. dollars or foreign currency; (b) securities issued or fully guaranteed by the United States government or issued and unconditionally guaranteed by any agencies thereof or issued or fully guaranteed by a foreign sovereign; or (c) irrevocable performance letters of credit issued by banks approved by the Fund on the attached Schedule 4 (which may from time to time be updated in writing) (collectively, "Collateral") having an initial market value (as determined by BBH&CO pursuant to the applicable SLA) at least equal to the market value of the loaned securities (as determined pursuant to the applicable SLA).
Loan Collateral. For each loan of securities, the Approved Borrower shall pledge as collateral the following items: (a) cash in U.S. dollars or foreign currency; or (b) securities issued or fully guaranteed by the United States government (collectively, “Collateral”) having an initial market value (as determined by BBH&Co. pursuant to the applicable SLA) at least equal to the market value of the loaned securities (as determined pursuant to the Operating Procedures and applicable SLA).
Loan Collateral. For each loan of securities, the Approved Borrower shall pledge as collateral the following items: (a) cash in United States of America (“United States”) dollars; (b) securities issued or fully guaranteed by the United States government or issued and unconditionally guaranteed by any agency thereof; or (c) irrevocable performance letters of credit issued by banks approved by the Fund, as listed on the attached Schedule 4 (which may from time to time be updated in writing) (collectively, “Collateral”). The initial Collateral received with respect to each loan shall have a market value (as determined by BBH&Co. pursuant to the applicable SLA) at least equal to the applicable specified percentage of the market value of the loaned securities (including accrued interest on loaned debt securities) that is set forth in Schedule A of the SLA that constitutes Schedule 3 of this Agreement (as determined pursuant to the applicable SLA) (the “Margin Percentage”).
Loan Collateral. For each loan of securities, the Approved Borrower may pledge as collateral any of the following items (a) Cash Collateral and (b) such other Non-Cash Collateral as these terms are defined below (collectively, “Collateral”). For purposes of this Agreement, “Cash Collateral” shall mean Collateral in the form of cash in U.S. dollars, and “Non-Cash Collateral” shall mean any other form of Collateral that is not Cash Collateral, to the extent the Trust’s Board of Trustees permits the use of Non-Cash Collateral and to the extent the Securities Lending Procedures allow. The Collateral shall have a value at least equal to (i) in the case of loaned domestic securities, 102% of the value of such securities, and (ii) in the case of loaned international securities, 105% of the value of such securities (as determined in accordance with the terms of Section 4.3 below).
Loan Collateral. If I have a MetLife fixed annuity, I understand while a loan is outstanding, withdrawals are restricted because I must keep an amount equal to 125% of my outstanding loan balance in my certificate as collateral for the loan. If I have a MetLife variable annuity, I understand while a loan is outstanding, withdrawals and transfers from my certificate are restricted because I must keep an amount equal to 125% of my outstanding loan balance in the Fixed Interest Account as collateral for the loan.
Loan Collateral. (a) The Landlord acknowledges that the Agents have informed the Landlord that the Agents have a Lien in the Loan Collateral, and the Landlord agrees (except to the extent of the Landlord’s right to receive the Landlord’s Priority Rent Payments) that it has no right or Lien in the Loan Collateral or the Proceeds thereof, in each case, except as paid to the Landlord pursuant to the terms and conditions hereof.
(b) The Landlord acknowledges the existence of the Agents’ Liens in the Loan Collateral to the extent set forth in Section 2.2(a).
(c) Notwithstanding any provision in the Lease Documents to the contrary, the Landlord Exclusive Assets do not include any of the Loan Collateral and the Landlord hereby releases any Lien it may have in the Loan Collateral under the Lease Documents. The Landlord shall, at the request of any Agent, execute and deliver such other instruments and documents, and take such further action, as any Agent may reasonably request to effect or evidence the termination of the Landlord’s Lien in the Loan Collateral, at the sole cost and expense of the Guarantors and the Tenants.
(d) Other than as expressly set forth herein, with respect to the Loan Collateral (other than the Option Assets and the Option Asset Proceeds, the management of which is set forth in Section 2.3, and subject to the limited license on Authorizations and Facility Provider Agreements set forth in Section 2.4), the Landlord agrees that the Agents are entitled to manage the Loan Collateral in their sole and absolute discretion, and without any obligation to give the Landlord prior notice thereof, and the Agents will have no liability to the Landlord for, and the Landlord will waive any claim it may now or hereafter have against the Agents arising out of, any or all actions that the Agents take or omit to take with respect to such Loan Collateral or any portion thereof.
(e) For the avoidance of doubt, nothing in this Agreement shall be construed to modify, delay, excuse, interrupt, stay or alter in any respect any arrangements and agreements between the ABL Agents, the Term Loan Agent, the Guarantors and the Tenants or other parties to the Loan Documents with respect to the exercise by the ABL Agents or the Term Loan Agent, as the case may be, of any and all rights pursuant to the ABL Credit Agreement and the other ABL Loan Documents or the Term Loan Agreement and the other Term Loan Documents, as the case may be, relating to or pertaining to the Loan Collateral.
Loan Collateral. The Landlord acknowledges that the Agents have informed the Landlord that the Agents have a Lien in the Loan Collateral, and the Landlord agrees (except to the extent of the Landlord’s right to receive the Landlord’s Priority Rent Payments) that it has no right or Lien in the Loan Collateral or the Proceeds thereof, in each case, except as paid to the Landlord pursuant to the terms and conditions hereof.
