Collateral Exchange definition

Collateral Exchange has the meaning specified in Section 13(b) hereof. "Collateral Vessels" means the Rapallo and the Additional Collateral Vessels.
Sample 1
Collateral Exchange has the meaning specified in Section 13(b) hereof.
Sample 1

Examples of Collateral Exchange in a sentence

  • A Collateral Exchange Structure is applicable to the Secured Securities.

  • On each Reference Collateral Interest Payment Date, subject to a Collateral Exchange not having taken place, the relevant RCA Issuer will pay an amount of interest to the Issuer in respect of the nominal amount of the relevantReference Collateral Assets held by the Issuer at such time.

  • The Loans shall be secured by (a) from the Effective Date and up to and until the consummation of the Collateral Exchange, the Mezzanine Shares, the Oil & Gas Shares and the Rapallo and (b) upon and after the consummation of the Collateral Exchange, the Rapallo and the Additional Collateral Vessels and any other assets of the Borrower as may be agreed between the Borrower and the Lender from time to time in accordance with the Security Documents.

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  • Upon enforcement of the Security Interest(s) securing the Issuer's obligations with respect to the Securities, the ability of the Security Trustee to recover any amounts or Equivalent Securities in respect of any of the Collateral Assets or Received Collateral owing to the Issuer by the Swap Counterparty or the Collateral Exchange Counterparty may be dependent on applicable laws or other matters beyond its control.

  • On each Reference Collateral Interest Payment Date, subject to a Collateral Exchange not having taken place, the relevant RCA Issuer will pay an amount of interest to the Issuer in respect of the nominal amount of the relevant Reference Collateral Assets held by the Issuer at such time.

  • The Issuer will have no other assets or sources of revenue other than its rights under any Swap Agreement and/or Collateral Exchange Agreement, guarantee or credit enhancement agreement and the Collateral Assets (if any) for the Securities.

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Related to Collateral Exchange

  • Collateral Event means that no Relevant Entity has credit ratings at least equal to the Approved Ratings Threshold.

  • Collateral Pool means, at any time, each Portfolio Investment that has been Delivered (as defined in the Guarantee and Security Agreement) to the Collateral Agent and is subject to the Lien of the Guarantee and Security Agreement, and then only for so long as such Portfolio Investment continues to be Delivered as contemplated therein and in which the Collateral Agent has a first-priority perfected Lien as security for the Secured Obligations (subject to any Lien permitted by Section 6.02 hereof with respect to such Portfolio Investment), provided that in the case of any Portfolio Investment in which the Collateral Agent has a first-priority perfected (subject to Permitted Liens under clause (g) of the definition thereof) security interest pursuant to a valid Uniform Commercial Code filing, such Portfolio Investment may be included in the Collateral Pool so long as all remaining actions to complete “Delivery” are satisfied in full within the longest period of (i) seven (7) days of such inclusion and (ii) as the Collateral Agent may agree in its reasonable discretion.

  • Counterparty Downgrade Collateral Account means an interest-bearing account of the Issuer with the Custodian into which all Counterparty Downgrade Collateral is to be deposited.

  • Original Collateral Sale Price means EUR 33,500,000. Notwithstanding anything to the contrary in the Collateral Sale Agreement, the consideration for the Initial Charged Assets is the Issue Price of the Notes plus the entry into the Swap Agreement by the Issuer.

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

  • Collateral Substitution has the meaning specified in Section 3.13.

  • Notes Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Collateral Custodian means Xxxxx Fargo, not in its individual capacity, but solely as collateral custodian pursuant to the terms of this Agreement.

  • Letter of Credit Collateral Account means a special deposit account maintained by the Administrative Agent, for the benefit of the Administrative Agent, the Issuing Bank and the Lenders, and under the sole dominion and control of the Administrative Agent.

  • Term Loan Priority Collateral as defined in the Intercreditor Agreement.

  • Borrower Collateral means all of Borrower's now owned or hereafter acquired right, title, and interest in and to each of the following:

  • 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.

  • Collateral Floating Percentage means, with respect to any Distribution Date, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is equal to the Collateral Invested Amount as of the close of business on the last day of the preceding Monthly Period and the denominator of which is the Adjusted Invested Amount as of the close of business on such last day; provided, however, that with respect to the first Monthly Period, the Collateral Floating Percentage shall mean the percentage equivalent of a fraction, the numerator of which is the Collateral Initial Invested Amount and the denominator of which is the Initial Invested Amount.

  • Hedge Collateral Defined in Section 5.3(b).

  • Letter of Credit Collateral has the meaning provided in Section 6.4.

  • Applicable Collateral Agent means (i) until the earlier of (x) the Discharge of Credit Agreement and (y) the Non-Controlling Representative Enforcement Date, the Credit Agreement Collateral Agent and (ii) from and after the earlier of (x) the Discharge of Credit Agreement and (y) the Non-Controlling Representative Enforcement Date, the Collateral Agent for the Series of First Lien Obligations represented by the Major Non-Controlling Representative.

  • Original Collateral Sale Date means 9 December 2020.

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

  • Collateral Custodian Fee means the fee to be paid to the Collateral Custodian as set forth in the Custody Agreement.

  • ABL Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Collateral File With respect to each Mortgage Loan, a file containing each of the Collateral Documents.

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

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

  • 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.

  • Collateral Security means security, other than a security interest in a motor vehicle that is the subject of an installment sale contract, that is given to secure performance of an obligation of the buyer, or of any surety or guarantor for the buyer, under an installment sale contract. The term includes the undertakings of any surety or guarantor for the buyer and any interest in, encumbrance on, or pledge of real or personal property other than the motor vehicle that is the subject of the installment sale contract.

  • Collateral Fund The fund established and maintained pursuant to Section 3.01 hereof.