Collateral Deposit definition

Collateral Deposit is further defined in Section 19.
Sample 1Sample 2Sample 3
Collateral Deposit means the approximately $42.0 million on deposit in the Collateral Account.
Sample 1
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
Sample 1

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 shall have the meaning set forth in Section 2.01(a).
Sample 1

Related to Collateral Deposit

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

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Initial Deposit shall have the meaning set forth in Section 2.5(a).

  • Special Deposits have the meanings given to them from time to time under or pursuant to the Bank of England Act 1998 or (as may be appropriate) by the Bank of England;

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

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • Cash Collateral Account Agreement With respect to any Mortgage Loan, the cash collateral account agreement, if any, between the originator of such Mortgage Loan and the related Mortgagor, pursuant to which the related Cash Collateral Account, if any, may have been established.

  • Term deposit means a deposit received by the bank for a fixed period withdrawable only after the expiry of the fixed period and includes deposits such as Recurring / Double Benefit Deposits / Short Deposits / Fixed Deposits /Monthly Income Certificate / Quarterly Income Certificate etc.

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

  • L/C Cash Collateral Account means any Cash Collateral Account (a) specifically designated as such by the Borrower in a notice to the Administrative Agent and (b) from and after the effectiveness of such notice, not containing any funds other than those required under the Loan Documents to be placed therein.

  • Cash Collateral Account means a blocked, non-interest bearing deposit account of one or more of the Loan Parties at Bank of America in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner 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).

  • Collateral Account Agreement means the Collateral Account Agreement executed and delivered by Company and Administrative Agent on the Closing Date, substantially in the form of EXHIBIT XXIII annexed hereto, as such Collateral Account Agreement may hereafter be amended, supplemented or otherwise modified from time to time.

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $2,802,496.17.

  • Collateral Proceeds Account a non-interest bearing cash collateral account established and maintained by the relevant Grantor at an office of the Collateral Account Bank in the name, and in the sole dominion and control of, the Collateral Agent for the benefit of the Secured Parties.

  • Letter of Credit Collateral Account has the meaning assigned to such term in Section 2.05(k).

  • Swap Collateral Account means a single, segregated trust account in the name of the Indenture Trustee, which shall be designated as the “Swap Collateral Account” which shall be held in trust for the benefit of the Noteholders established pursuant to Section 4.8(e) of the Sale and Servicing Agreement.]

  • Class A Cash Collateral Account means, in respect of the Class A Liquidity Facility, an Eligible Deposit Account in the name of the Subordination Agent maintained at an Eligible Institution, which shall be the Subordination Agent if it so qualifies, into which amounts shall be deposited as referred to in Section 3.05(f).

  • Collateral Account Bank a bank which at all times is a Collateral Agent or a Lender or an affiliate thereof as selected by the relevant Grantor and consented to in writing by the Collateral Agent (such consent not to be unreasonably withheld or delayed).

  • Letter of Credit Cash Collateral Account means a blocked deposit account at Bank of America with respect to which Borrower hereby grants a security interest in such account to Administrative Agent for and on behalf of Lenders as security for Letter of Credit Usage and with respect to which Borrower agrees to execute and deliver from time to time such documentation as Administrative Agent may reasonably request to further assure and confirm such security interest.

  • Cash Collateral Accounts shall have the meaning given such term in Section 9(a).

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Initial Deposit Amount means the Issuing Entity’s deposit to the Reserve Account, on or before the Closing Date, of $[•].