Repurchase Agreements; Derivatives. (a) With respect to all agreements currently outstanding pursuant to which Republic or any Republic Subsidiary has purchased securities subject to an agreement to resell, Republic or the Republic Subsidiary has a valid, perfected first lien or security interest in the securities or other collateral securing such agreement, and the value of such collateral equals or exceeds the amount of the debt secured thereby. With respect to all agreements currently outstanding pursuant to which Republic or any Republic Subsidiary has sold securities subject to an agreement to repurchase, neither Republic nor the Republic Subsidiary has pledged collateral having a value at the time of entering into such pledge that exceeds the amount of the debt secured thereby. Neither Republic nor any Republic Subsidiary has pledged collateral having a value at the time of entering into such pledge that exceeds the amount required under any interest rate swap or other similar agreement currently outstanding.
Repurchase Agreements; Derivatives. (a) With respect to all agreements currently outstanding pursuant to which the Company or the Subsidiaries has purchased securities subject to an agreement to resell, the Company or the Subsidiaries have a valid, perfected first lien or security interest in the securities or other collateral securing such agreement, and the value of such collateral equals or exceeds the amount of the debt secured thereby. With respect to all agreements currently outstanding pursuant to which the Company or the Subsidiaries have sold securities subject to an agreement to repurchase, neither the Company nor any of its Subsidiaries has pledged collateral having a value at the time of entering into such pledge that exceeds the amount of the debt secured thereby. Neither the Company nor any of its Subsidiaries has pledged collateral having a value at the time of entering into such pledge that exceeds the amount required under any interest rate swap or other similar agreement currently outstanding.
Repurchase Agreements; Derivatives. (a) With respect to all agreements currently outstanding pursuant to which BankFirst or any BankFirst Subsidiary has purchased securities subject to an agreement to resell, BankFirst or the BankFirst Subsidiary has a valid, perfected first lien or security interest in the securities or other collateral securing such agreement, and the value of such collateral equals or exceeds the amount of the debt secured thereby. With respect to all agreements currently outstanding pursuant to which BankFirst or any BankFirst Subsidiary has sold securities subject to an agreement to repurchase, neither BankFirst nor the BankFirst Subsidiary has pledged collateral in excess of the amount of the debt secured thereby. Neither BankFirst nor any BankFirst Subsidiary has pledged collateral in excess of the amount required under any interest rate swap or other similar agreement currently outstanding.
Repurchase Agreements; Derivatives. (a) With respect to all Independent Contracts currently outstanding pursuant to which Independent or any of its Subsidiaries has purchased securities subject to an agreement to resell, Independent or such Subsidiary has a valid, perfected first lien or security interest in the securities or other collateral securing such Independent Contract, and the value of such collateral equals or exceeds the amount of the debt secured thereby. With respect to all Independent Contracts currently outstanding pursuant to which Independent or any of its Subsidiaries has sold securities subject to an Independent Contract to repurchase, neither Independent nor any of its Subsidiaries has pledged collateral in excess of the amount of the debt secured thereby. Neither Independent nor any of its Subsidiaries has pledged collateral in excess of the amount required under any interest rate swap or other similar Independent Contract currently outstanding, except as disclosed in Disclosure Schedule 4.28(a).
Repurchase Agreements; Derivatives. (a) With respect to all agreements currently outstanding pursuant to which Franklin or any Franklin Subsidiary has purchased securities subject to an agreement to resell, Franklin or the Franklin Subsidiary has a valid, perfected first lien or security interest in the securities or other collateral securing such agreement, and the value of such collateral equals or exceeds the amount of the debt secured thereby. With respect to all agreements currently outstanding pursuant to which Franklin or any Franklin Subsidiary has sold securities subject to an agreement to repurchase, neither Franklin nor the Franklin Subsidiary has pledged collateral materially in excess of the amount of the debt secured thereby. Neither Franklin nor any Franklin Subsidiary has pledged collateral materially in excess of the amount required under any interest rate swap or other similar agreement currently outstanding.
Repurchase Agreements; Derivatives. (a) With respect to all agreements currently outstanding pursuant to which Maryland Federal or any Maryland Federal Subsidiary has purchased securities subject to an agreement to resell, Maryland Federal or the Maryland Federal Subsidiary has a valid, perfected first lien or security interest in the securities or other collateral securing such agreement, and the value of such collateral equals or exceeds the amount of the debt secured thereby. With respect to all agreements currently outstanding pursuant to which Maryland Federal or any Maryland Federal Subsidiary has sold securities subject to an agreement to repurchase, neither Maryland Federal nor the Maryland Federal Subsidiary has pledged collateral materially in excess of the amount of the debt secured thereby. Neither Maryland Federal nor any Maryland Federal Subsidiary has pledged collateral materially in excess of the amount required under any interest rate swap or other similar agreement currently outstanding.
Repurchase Agreements; Derivatives. (a) With respect to all agreements currently outstanding pursuant to which Virginia Capital or any Virginia Capital Subsidiary has purchased securities subject to an agreement to resell, Virginia Capital or the Virginia Capital Subsidiary has a valid, perfected first lien or security interest in the securities or other collateral securing such agreement, and the value of such collateral equals or exceeds the amount of the debt secured thereby. With respect to all agreements currently outstanding pursuant to which Virginia Capital or any Virginia Capital Subsidiary has sold securities subject to an agreement to repurchase, neither Virginia Capital nor the Virginia Capital Subsidiary has pledged collateral in excess of the amount required to secure the debt. Neither Virginia Capital nor any Virginia Capital Subsidiary has pledged collateral in excess of the amount required under any interest rate swap or other similar agreement currently outstanding.
Repurchase Agreements; Derivatives. (a) With respect to all agreements currently outstanding pursuant to which First Virginia or any First Virginia Subsidiary has purchased securities subject to an agreement to resell, First Virginia or the First Virginia Subsidiary has a valid, perfected first lien or security interest in the securities or other collateral securing such agreement, and the value of such collateral equals or exceeds the amount of the debt secured thereby. With respect to all agreements currently outstanding pursuant to which First Virginia or any First Virginia Subsidiary has sold securities subject to an agreement to repurchase, neither First Virginia nor the First Virginia Subsidiary has pledged collateral having a value at the time of entering into such pledge that exceeds the amount of the debt secured thereby. Neither First Virginia nor any First Virginia Subsidiary has pledged collateral having a value at the time of entering into such pledge that exceeds the amount required under any interest rate swap or other similar agreement currently outstanding.
Repurchase Agreements; Derivatives. (a) With respect to all agreements currently outstanding pursuant to which Premier or any Premier Subsidiary has purchased securities subject to an agreement to resell, Premier or the Premier Subsidiary has a valid, perfected first lien or security interest in the securities or other collateral securing such agreement, and the value of such collateral equals or exceeds the amount of the debt secured thereby. All agreements currently outstanding pursuant to which Premier or any Premier Subsidiary has sold securities subject to an agreement to repurchase reflect arms' length transactions, and, with respect to such agreements, Premier and the Premier Subsidiaries have pledged only the amount of collateral required by the terms thereof. Neither Premier nor any Premier Subsidiary has pledged collateral in excess of the amount required under any interest rate swap or other similar agreement currently outstanding.
Repurchase Agreements; Derivatives. (a) With respect to all agreements currently outstanding pursuant to which FSF or any FSF Subsidiary has purchased securities subject to an agreement to resell, FSF or the FSF Subsidiary has a valid, perfected first lien or security interest in the securities or other collateral securing such agreement, and the value of such collateral equals or exceeds the amount of the debt secured thereby. With respect to all agreements currently outstanding pursuant to which FSF or any FSF Subsidiary has sold securities subject to an agreement to repurchase, neither FSF nor the FSF Subsidiary has pledged collateral having a value at the time of entering into such pledge in excess of the amount of the debt secured thereby. Neither FSF nor any FSF Subsidiary has pledged collateral having a value at the time of entering into such pledge in excess of the amount required under any interest rate swap or other similar agreement currently outstanding.
