Collateral Entitlement definition

Collateral Entitlement means, in respect of each Note, a pro rata share of the amount of the Net Collateral Portfolio, to which a Noteholder may be entitled, calculated by reference to the aggregate number of Notes then outstanding. If the aggregate Collateral Entitlement of a Noteholder in respect of all of its Notes is not a transferable amount of the Collateral, the Issuer shall deliver an amount of Collateral equal to such Collateral Entitlement rounded down to the nearest whole transferable amount of the Collateral and shall pay such Noteholder a cash amount (converted if necessary into the currency of issue of the Notes at the then prevailing spot rate) equal to the net realised proceeds of the sale of the remainder of the Collateral Entitlement (converted, where necessary, into the currency in which the Notes are denominated at the then prevailing exchange rate) and references to the “Collateral Entitlement” shall include any such cash amount.
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Collateral Entitlement means, in relation to a Note, subject as provided below, its proportion (calculated by reference to the Outstanding Principal Amount of such Note as against the aggregate Outstanding Principal Amounts of all the Notes) of the Collateral as at the Collateral Entitlement Due Date.
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Collateral Entitlement means, in respect of each Exchangeable Note, the nominal amount of Collateral specified in the Supplemental Trust Deed to which a holder of such Note may be entitled upon the occurrence of an Exchange Event.
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Examples of Collateral Entitlement in a sentence

  • Such copy shall be non-transferable and shall be prima facie evidence of entitlement of the person named therein to the Collateral Entitlement in respect of the Notes specified therein.

  • The Issuer reserves all rights as to the manner of delivery of any Collateral Entitlement and the Issuer shall have no responsibility for the capacity of Noteholders to take delivery of such Collateral Entitlement or for any other matter which may affect the ability of the Noteholders to take delivery of such Collateral Entitlement.

  • For the avoidance of doubt, failure by a Noteholder to present a Delivery Instruction Certificate to any Issuing and Paying Agent on or before 5.00 p.m. London time, on the third London Business Day prior to the Early Redemption Date shall be deemed to render delivery of the relevant Collateral Entitlement to such Noteholder impossible for the purposes of this paragraph 38(b).

  • Notes held by a Noteholder shall be aggregated for the purpose of determining the aggregate Collateral Entitlement of that Noteholder.

  • Each Note shall not be redeemed by payment of a pro rata share of the Notes Event Early Redemption Amount plus accrued interest but by delivery on the Collateral Entitlement Due Date to each Noteholder of its relevant Collateral Entitlement plus accrued interest on the Notes to the Collateral Entitlement Due Date.

  • No additional amounts shall be payable by the Issuer or the Swap Counterparty as a result of the redemption of the Notes falling on a date after the Scheduled Maturity Date.Delivery of CollateralThe Notes will, subject as provided below, be redeemed by delivery of the relevant Collateral Entitlement on the Early Redemption Date.

  • Redemption Amount Delivery of Collateralpayable on mandatory redemption pursuant to Condition 7.2:The Notes will, subject as provided below, be redeemed by delivery of the relevant Collateral Entitlement on the Early Redemption Date.

  • Delivery of CollateralThe Notes will, subject as provided below, be redeemed by delivery of the relevant Collateral Entitlement on the Early Redemption Date.

  • Rather, the Panel determined that Argen- tina was arguing ‘that the earlier MERCOSUR Tribunal ruling requires [the Panel] to rule in a particular way’.91 The Panel noted it was not bound to follow rulings in adopted WTO panels, let alone rulings of non-WTO dispute settlement bodies.

  • Notes presented and surrendered by a Noteholder shall be aggregated for the purpose of determining the aggregate Collateral Entitlement of that Noteholder.


More Definitions of Collateral Entitlement

Collateral Entitlement means the Collateral Entitlement determined in accordance with the “Collateral Entitlement” provisions set out in the Final Terms.
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Related to Collateral Entitlement

  • Security Entitlement The meaning specified in Section 8-102(a)(17) of the UCC.

  • Securities Account is any “securities account” as defined in the Code with such additions to such term as may hereafter be made.

  • Entitlement Order shall have the meaning specified in Section 8-102 of the UCC.

  • Secured Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Loan Party and any Cash Management Bank.

  • Collateral has the meaning set forth in Section 2.

  • Investment Property the collective reference to (i) all “investment property” as such term is defined in Section 9-102(a)(49) of the New York UCC (other than any Foreign Subsidiary Voting Stock excluded from the definition of “Pledged Stock”) and (ii) whether or not constituting “investment property” as so defined, all Pledged Notes and all Pledged Stock.