Collateral Coverage Securities definition

Collateral Coverage Securities. Pledged Securities consisting of common stock issued by one or more of the following corporations but only as long as (A) such securities are traded on a recognized national securities exchange, on the NASDAQ national or small-cap market or on the over-the-counter market and (B) such securities are not Restricted Securities;
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Collateral Coverage Securities for any purpose of the Credit Agreement. However, should, pursuant to the Credit Suisse Contract, SSI and/or SSD receive from or retain the Released Stock free of the rights of Credit Suisse, the same shall be pledged to the Lenders pursuant to the Amended and Restated Pledge Agreement between the Borrowers and Agent, dated April 17, 1998.
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Collateral Coverage Securities set forth in Section 1.1 of the Credit Agreement are hereby amended and restated in their entirety as follows:
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Examples of Collateral Coverage Securities in a sentence

  • Any determination of the value of the Collateral Coverage Securities by the Agent through its brokerage services shall be conclusive and binding on Borrowers absent manifest error.

  • The value of the Collateral Coverage Securities shall be based on market value as determined on a recognized national securities exchange or by the NASDAQ national or small-cap market, or on the over-the-counter market, all as of the close of the last previous trading day.

  • Accordingly, the Released Stock shall no longer constitute either "Pledged Securities" or "Collateral Coverage Securities" for any purpose of the Credit Agreement.

  • Borrowers may sell Collateral Coverage Securities in accordance with the terms of the Pledge Agreement so long as after giving effect to any such sale, Borrowers are not in violation of the Collateral Coverage Base or the Borrowing Base and the proceeds thereof shall be paid over to Agent as provided in the Pledge Agreement.

  • Borrowers may sell Collateral Coverage Securities in accordance with the terms of the Pledge Agreement so long as after giving effect to any such sale, Borrowers are not in violation of the Collateral Coverage Base and the proceeds thereof shall be paid over to Agent as provided in the Pledge Agreement.

  • The value of the Collateral Coverage Securities shall be based on market value as determined on a recognized national securities exchange or by the NASDAQ national market, all as of the close of the last previous trading day.


More Definitions of Collateral Coverage Securities

Collateral Coverage Securities. Pledged Securities consisting of common stock issued by one or more of the following corporations but only as long as (A) such securities are traded on the New York Stock Exchange or on the NASDAQ national market, (B) such securities are not Restricted Securities, and (C) the per share value of such securities has after the date hereof (including after the date of any re-inclusion as next set forth) not been $1.00 or less for ten (10) consecutive trading days; provided, however, that if the per share value of such securities shall thereafter be maintained at more than $1.00 for thirty (30) consecutive trading days, such securities shall be included in "Collateral Coverage Securities" from and after the next succeeding day, without notice or further action:
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Related to Collateral Coverage Securities

  • Collateral Coverage Ratio means (i) the aggregate value of any relevant collateral security, including the pro rata value of any shared collateral, divided by (ii) the outstanding aggregate principal amount of the relevant debt.

  • Replacement Liquidity Facility has the meaning set forth in the Intercreditor Agreement.

  • Collateral Value The appraised value of a Mortgaged Property based upon the lesser of (i) the appraisal (as reviewed and approved by the Seller) made at the time of the origination of the related Mortgage Loan, or (ii) the sales price of such Mortgaged Property at such time of origination. With respect to a Mortgage Loan the proceeds of which were used to refinance an existing mortgage loan, the appraised value of the Mortgaged Property based upon the appraisal (as reviewed and approved by the Seller) obtained at the time of refinancing.

  • Basic Collateral Agency Agreement means the Amended and Restated Basic Collateral Agency Agreement, dated as of March 1, 2009, among Daimler Trust, the Administrative Agent, Daimler Title Co., as collateral agent, and MBFS USA, as lender and as servicer.

  • Mortgage Indenture means the Mortgage and Deed of Trust, dated as of April 1, 1932, between SIGECO and Bankers Trust Company (as supplemented from time to time before or after the date hereof by various supplemental indentures thereto).

  • Additional Collateral Mortgage Loan Each Mortgage Loan identified as such in the Mortgage Loan Schedule.

  • Lender-Paid Mortgage Insurance Loan Each of the Mortgage Loans identified on the Mortgage Loan Schedule as having a Lender-Paid Mortgage Insurance Rate.

  • Liquidity Facility Provider means a Person that is a party to a Liquidity Facility with the Authority with respect to specified Bonds and whose credit rating by each nationally recognized Rating Agency then rating the Class I Bonds is sufficiently high to maintain the then current rating on such Bonds by such Rating Agency or the equivalent of such rating by virtue of guarantees or insurance arrangements.

  • Required Insurance Policy With respect to any Mortgage Loan, any insurance policy that is required to be maintained from time to time under this Agreement.

  • Collateral Security Documents Any document or instrument given to secure or guaranty the Mortgage Loan, including without limitation, the Mortgage, each as amended, supplemented, assigned, extended or otherwise modified from time to time.

  • Collateral Loan means a loan, debt obligation, debt security or participation therein acquired by the Borrower.

  • Credit Facility Provider means the issuer of or obligor under a Credit Facility.

  • First Mortgage Indenture means a first mortgage indenture pursuant to which any Borrower or any Subsidiary of any Borrower may issue bonds, notes or similar instruments secured by a lien on all or substantially all of such Borrower’s or such Subsidiary’s fixed assets, as the case may be.

  • Collateral Agency and Intercreditor Agreement means that certain Collateral Agency and Intercreditor Agreement, dated as of January 31, 2008 (as amended, amended and restated, supplemented or otherwise modified from time to time in compliance with the terms of this Indenture), by and among the Company, the other guarantors from time to time party thereto, the secured debt representatives and the Collateral Agent.

  • Replacement Liquidity Provider has the meaning set forth in the Intercreditor Agreement.

  • Collateral Pool means all of the Collateral.

  • Companion Loan Rating Agency Declination As defined in the definition of “Companion Loan Rating Agency Confirmation” in this Agreement.

  • Additional Collateral Loan Each Mortgage Loan that is supported by Additional Collateral.

  • Collateral Term Sheet and “Structural term sheet” shall have the respective meanings assigned to them in the February 13, 1995 letter (the “PSA Letter”) of Cleary, Gottlieb, Xxxxx & Xxxxxxxx on behalf of the Public Securities Association (which letter, and the SEC staff’s response thereto, were publicly available February 17, 1995). The term “Collateral term sheet” as used herein includes any subsequent Collateral term sheet that reflects a substantive change in the information presented. The term “Computational Materials” has the meaning assigned to it in the May 17, 1994 letter (the “Xxxxxx letter” and together with the PSA Letter, the “No-Action Letters”) of Xxxxx & Xxxx LLP on behalf of Xxxxxx, Peabody & Co., Inc. (which letter, and the SEC staff’s response thereto, were publicly available May 20, 1994).

  • Lender-Paid Mortgage Insurance Rate With respect to any Lender-Paid Mortgage Insurance Loan, a per annum rate equal to the percentage indicated on the Mortgage Loan Schedule under the heading "Lender-Paid Mortgage Insurance Rate."

  • Liquidity Provider Ratings Event means the Liquidity Provider shall fail to maintain at any time short-term debt ratings in one of the two highest rating categories from the Requisite NRSROs.

  • Collateral Call means a notice to a Participant that additional Collateral, or possibly early payment, is required in order to remain in, or to regain, compliance with Tariff, Attachment Q. Commencement Date:

  • Indenture Collateral has the meaning set forth in the Granting Clause of the Indenture.