Required Collateral. LENDER'S LIEN ON THE COLLATERAL DESCRIBED IN THE SECTION TITLED "PROJECT DESCRIPTION" MUST REMAIN IN A FIRST AND BEST LIEN POSITION.
Required Collateral. The Qualified Public Depository shall secure all public deposits held by the Qualified Public Depository by pledging to the Treasurer eligible collateral, as defined in Tennessee Code Annotated §9-4-502(12), in an amount equal to or in excess of the required collateral as defined in Tennessee Code Annotated §9-4-502(19). Any security proposed by the Qualified Public Depository to be pledged as collateral pursuant to this Agreement must be approved by the Treasurer in accordance with Section 5.b. below prior to its deposit with a trustee custodian. The Treasurer will only accept securities clearly permitted above as collateral. Further, the Treasurer may, in good faith, decline to accept securities as collateral when circumstances require in order to ensure the pledging of sufficient marketable collateral to meet the purposes of this Agreement and the Act. The Qualified Public Depository shall furnish to the Treasurer any supporting documents of newly formed securities as may be requested by the Treasurer.
Required Collateral. With respect to each Advance, Borrower shall cause to be maintained with Lender Collateral consisting of a Mortgage Loan(s) with a Collateral Value not less than, at any date, the outstanding principal balance of the related Advance. With respect to each Advance, the Pledged Mortgage Loan shall be:
(i) if the Advance is a Tranche A Advance, a Conventional Conforming Mortgage Loan;
(ii) if the Advance is a Tranche B Advance, a Government Mortgage Loan;
(iii) if the Advance is a Tranche C Advance, a Jumbo Mortgage Loan;
(iv) if the Advance is a Tranche D Advance, a Super Jumbo Mortgage Loan;
(v) if the Advance is a Tranche E Advance, an Expanded Criteria Mortgage Loan;
(vi) if the Advance is a Tranche F Advance, a Subprime Mortgage Loan;
(vii) if the Advance is a Tranche G Advance, a Closed-End Second Lien Mortgage Loan;
Required Collateral. Mortgages. Upon written request of any Lender, within twenty-five (25) days of such request, Borrower shall cause Guarantor to execute and deliver to Agent for recording Mortgages for each Property in form and substance reasonably satisfactory to Guarantor and Lenders. If, after the date hereof, Borrower or Guarantor directly or indirectly through a Subsidiarity acquires any real property, upon request of any Lender, Borrower shall cause Guarantor or such Subsidiary to execute and deliver to Agent for recording in the applicable county recorder’s office, a Mortgage in substantially the form as prior Mortgages, subject to those changes deemed necessary by Agent and its counsel to provide for local law requirements.
Required Collateral. (a) Until such time that a Make Whole Amount is distributed to Interpublic in full and Ordinary Distributions have been made by the Company pursuant to Section 5.3(a)(iii), each of All American and All American Goodxxx xxxeby (i) grants to Interpublic a second priority security interest in its Interest, (ii) subject and subordinated to the rights of Chemical Bank (or any other agent under the Chemical Credit Facility or any other facility refinancing such facility but only if such refinancing does not increase the principal amount of Tranche E of the Chemical Credit Facility outstanding at the time of such refinancing) as the holder of a first priority security interest in such Interest, appoints Interpublic as its attorney-in-fact, with power to sign its name on any financing statement, mortgage, notice of assignment or other document or certificate as may be necessary or appropriate to evidence and maintain its security interest in its Interest in accordance with applicable law and (iii) agrees that Interpublic shall have such rights and privileges that are available to a secured party under applicable law with respect to its Interest. The appointment of Interpublic as attorney-in-fact as provided hereunder shall (A) be deemed to be coupled with an interest and is irrevocable until the Make Whole Amount has been fully paid, including interest pursuant to Section 4.2(b)(ii), in accordance with the terms hereof, (B) not be affected by the subsequent dissolution, termination or bankruptcy of All American or its subsidiaries or the Transfer of all or any portion of any Members' Interest in the Company and (C) extend to All American's and its subsidiaries' successors and assigns. Interpublic's security interest in All American's and its subsidiaries' Interests shall be recorded on the books of the Company.
(b) Until such time that the Make Whole Amount is distributed to Interpublic in full and Ordinary Distributions have been made by the Company pursuant to Section 5.3(a)(iii), Interpublic shall have the right to receive All American Class A Common Stock upon the occurrence and during the continuation of a Make Whole Default. All American hereby agrees to deliver to Interpublic newly issued shares of All American Class A Common Stock, together with endorsed stock powers, equal in value to and in satisfaction of the total amount of the then unpaid Make Whole Amount as of the date immediately prior to the date of delivery. The purchase price for such shares sha...
Required Collateral. If the principal amount of the Note and its accrued and unpaid interest through the end of the preceding calendar quarter exceed 95% of the market value of the pledged Units of the Partnership, the General may require the Borrower to remedy the deficiency within 48 hours (not including hours of a day not a business day) by providing additional collateral of a kind acceptable to the General Partner or by paying part of the unpaid principal and accrued interest. If additional collateral (or a partial payment) is not timely provided, the General Partner may liquidate the Note by selling the pledged Units and applying the proceeds to pay the liquidation expenses, the accrued and unpaid interest on the Note, and the unpaid principal of the Note. Any excess of proceeds would be paid to the Borrower, and any deficiency in proceeds would be an obligation of the Borrower to the General Partner. Payment of Principal The principal amount of the Note is required to be paid:
Required Collateral. With respect to each Purchased Mortgage Loan, Seller shall cause to be maintained with Custodian collateral consisting of a Mortgage Loan(s) with an Asset Value not less than, at any date, the Purchase Price. With respect to each Purchase Price, the Purchased Mortgage Loan shall be:
(i) if the Purchase Price is a Tranche A Purchase Price, a Conventional Mortgage Loan;
(ii) if the Purchase Price is a Tranche B Purchase Price, a Government Mortgage Loan;
(iii) if the Purchase Price is a Tranche C Purchase Price, a Jumbo Mortgage Loan;
(iv) if the Purchase Price is a Tranche D Purchase Price, a Super Jumbo Mortgage Loan;
(v) if the Purchase Price is a Tranche E Purchase Price, an Alt A/Expanded Criteria Mortgage Loan;
(vi) if the Purchase Price is a Tranche F Purchase Price, a Sub-Prime Mortgage Loan;
(vii) if the Purchase Price is a Tranche G Purchase Price, a Closed-End Second Lien Mortgage Loan;
(viii) if the Purchase Price is a Tranche H Advance, a HELOC Mortgage Loan; or
(ix) if the Purchase Price is a Tranche I Advance, a Nonperforming/Subperforming Mortgage Loan. Buyer, in its sole discretion, shall determine the correct loan type for each Purchased Mortgage Loan.
Required Collateral. With respect to each Advance, Borrower shall cause to be maintained with Lender Collateral consisting of a Mortgage Loan(s) with a Collateral Value not less than, at any date, the outstanding principal balance of the related Advance. With respect to each Advance, the Pledged Mortgage Loan shall be:
(i) if the Advance is a Tranche F Advance, a Subprime Mortgage Loan (1st mortgages, maximum loan amount of $600,000 for a 1st mortgage, purchased in connection with whole loan trades);
(ii) if the Advance is a Tranche G Advance, a Closed-End Second Lien Mortgage Loan;
(iii) if the Advance is a Tranche I Advance, a Subprime Mortgage Loan (1st or 2nd mortgages, purchased in connection with securitizations); or
(iv) if the Advance is a Tranche J Advance, a Noncomplaint Mortgage Loan. Lender, in its sole discretion, shall determine the correct loan type for each Pledged Mortgage Loan.
Required Collateral. The Pledgors covenant and agree to maintain, at all times during the term of this Agreement, in addition to the Stock Collateral, Eligible Collateral pledged to the Lender pursuant hereto having an aggregate Stipulated Value not less than the Amended and Restated Pledge Agreement Required Collateral Balance at such time. Such Eligible Collateral so pledged hereunder in accordance herewith may consist, from time to time, of any combination of Eligible Collateral.
Required Collateral the Collateral determined by the Bank, which shall be established by the Customer pursuant to the provisions of §§ 14 and 15, specified as the Required Collateral in the Credit Support Agreement.
