Collateral Deposit definition

Collateral Deposit is further defined in Section 19.
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Collateral Deposit means a savings deposit obtained as a collateral from a borrower against a lending facility granted to such borrower;
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Collateral Deposit means the approximately $42.0 million on deposit in the Collateral Account.
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Examples of Collateral Deposit in a sentence

  • Certification will be made upon execution of the Cash Collateral Deposit Agreement.

  • Such assets transferred by Takasbank to the relevant member’s 5080-Eurobond Collateral Deposit Account under the Takasbank International Settlement and Custody Operations menu shall be transferred by the member to 5081-TMM Collateral Project Deposit Account by using Takasbank member applications.

  • For the purpose of posting a Collateral and/or supplementary collateral, the Bank shall transfer the funds of the Client on account of the Collateral Amount which is on the Bank Account of the Client to the Collateral Deposit in the scope and under the conditions named in the request for Collateral posting and shall confirm the transfer of the financial resources of the Client in a respective Transaction Confirmation.

  • SCCP shall have the authority to draw from the Cash Collateral Deposit Account in the manner and instances prescribed in the SCCP Procedures.

  • The conduct and operations of the Cash Collateral Deposit Account shall depend on the collateral requirements and procedures prescribed by the SCCP.

  • Collateral Deposit Agreement among Snake River Sugar Company, Valhi, Inc.

  • Thereafter, on September 11, Lehman and BNYM executed a Collateral Deposit Agreement, requiring Lehman initially to deposit $125 million intraday and maintain a collateral account of at least$50 million.

  • Certification will be made upon execution of the Cash Collateral Deposit Agreement.Government of the District of Columbia Vincent C.

  • In order for the assets transferred to 5080 - Eurobond Collateral Deposit Account as a result the collateral transfer to be further transferred to the member’s account held at its securities correspondent; a written instruction must be sent to Takasbank Global Custody and Numbering Team.

  • Notwithstanding such subordination, the Holders of the Class B-2L Notes may be entitled to payments of principal in connection with the Additional Collateral Deposit Requirement, before the Notes senior thereto receive any payments of principal.


More Definitions of Collateral Deposit

Collateral Deposit. Account: $2.5 million to be deposited with Southern Pacific Bank as custodian for Buyer, which account shall be pledged to Buyer as collateral security for all obligations of Seller to Buyer. For auditing or other purposes of the Buyer, the Seller may receive a computer- generated trade confirmation with respect to each Transaction that does not provide for countersignature thereof by the Seller. It is understood and agreed that such confirmation shall be null and void and of no force and effect with respect to this Transaction. Pursuant to the sale of the Loans set forth on each Mortgage Loan Schedule (the "Mortgage Loans") by the Seller to Imperial Warehouse Finance, Inc. ("IWF") pursuant to the Master Repurchase Agreement, the Seller hereby sells, transfers, assigns, sets over and otherwise conveys to Buyer all of its right (including the power to convey title thereto), title and interest in and to each Loan, including, without limitation, those mortgage loans to be listed on the Mortgage Loan Schedules submitted hereafter. Nothing contained in this Certificate or in the Master Repurchase Agreement shall constitute a commitment by Buyer to purchase any particular loan(s). Kindly acknowledge your agreement to the foregoing by signing and returning the enclosed extra copy of this letter. HOMEGOLD FINANCIAL, INC. HOMEGOLD, INC. Sincerely, Sincerely, By: /s/ Xxxxxxx Xxxxxxx By: /s/ Xxxxxxx Xxxxxxx ------------------- ------------------- Name: Xxxxxxx Xxxxxxx Name: Xxxxxxx Xxxxxxx Title: President Title: President ACKNOWLEDGED AND AGREED TO: IMPERIAL WAREHOUSE FINANCE, INC. By:/s/ Xxxxx X. Xxxxxxx -------------------- Xxxxx X. Xxxxxxx President CEO
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Collateral Deposit shall have the meaning set forth in Section 2.01(a).
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Related to Collateral Deposit

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • Additional Deposit shall have the meaning set forth in Section 2.2.2.

  • Collateral Account is any Deposit Account, Securities Account, or Commodity Account.

  • Cash Collateral Account means a blocked account at a commercial bank specified by the Administrative Agent in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner reasonably satisfactory to the Administrative Agent.

  • Special deposit claim means a claim secured by a deposit made pursuant to statute for the security or benefit of a limited class or classes of persons, but not including a claim secured by general assets.

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).