Collateral Opinion definition

Collateral Opinion means, with respect to any Collateral which is not part of the Initial Collateral, an opinion or opinions of counsel to the Borrowers with respect to (i) the perfection and priority in all applicable foreign or domestic jurisdictions of the security interest (or foreign jurisdiction equivalent) of the Lender Agent in such Collateral under the Security Agreement acceptable to the Lender Agent in its sole and absolute discretion, (ii) the organization and qualification of the affected Obligors, (iii) the authorization, execution, delivery and enforceability of this Agreement, the Security Agreement (each as amended) and other agreements related to such Collateral as the Lender shall request and (iv) such other matters as the Lender Agent shall reasonably request.
Sample 1Sample 2
Collateral Opinion means, with respect to any Collateral which is not part of the Initial Collateral, an opinion or opinions of counsel to the Borrowers with respect to (i) the perfection and priority in all applicable foreign or domestic jurisdictions of the security interest (or foreign jurisdiction equivalent) of GMAC LLC in such Collateral under the Fourth Security Agreement acceptable to the Credit Agent in its sole and absolute discretion, (ii) the organization and qualification of the affected Obligors, (iii) the authorization, execution, delivery and enforceability of this Agreement, the Omnibus Security Agreement, the Fourth Security Agreement (each as amended) and other agreements related to such Collateral as the Credit Agent shall request and (iv) such other matters as the Credit Agent shall reasonably request.
Sample 1
Collateral Opinion means our legal opinion “Validity and Enforceability of Collateral Arrangements under the ISDA Credit Support Documents - Issues and Analysis under Japanese Law” dated 7 December 2015 addressed to ISDA;
Sample 1

Examples of Collateral Opinion in a sentence

  • On the assumption that the changes intended by the Protocol are effective as a matter of the governing law of the Covered Master Agreement (as defined in the Protocol) and the relevant Credit Support Document, we confirm that the changes made by the Protocol are not material to and do not affect the conclusions reached in the Collateral Opinion.

  • This means that the conclusions reached in the Collateral Opinion which relate to the calculation of amounts payable on close-out under the 2002 ISDA Master Agreement will apply to a 1992 ISDA Master Agreement (and its Credit Support Document) amended by the Protocol.

  • On the assumption that the changes intended by the Protocol are effective as a matter of the governing law of the Protocol and each Protocol Covered Collateral Agreement (as defined in the Protocol), we confirm that the changes made by the Protocol are not material to and do not affect the conclusions reached in our Collateral Opinion.

  • We note the following: 3 As noted in our Collateral Opinion, during the administration of an Australian Company no proceeding in a court or in relation to any property of the Australian Company can be begun or proceeded with except with the leave of the court or the administrator’s consent.

  • Both the format and scope of the exam are specified by the Center.

  • This decision reinforces the operation of the Transfer Annex by the “absolute transfers” approach as described in paragraph 5(a) of the Annex, whereby transfers of Eligible Credit Support are “absolute transfers” (as further described in Schedule 2 of our Collateral Opinion).

  • We confirm that the amendments made by the 2014 ISDA Collateral Agreement Negative Interest Protocol would not affect the conclusions in the ISDA Collateral Opinion or the arrangements covered by this memorandum, as such amendments simply clarify how the parties treat negative interest rates under the applicable Credit Support Document.

  • But across the world, we have done a relatively poor job of making those formalisms available to the great majority of students.

  • The opinions given in the Industry Collateral Opinion with respect to the Transfer Annex are further based on the assumption that the transfer of Eligible Credit Support involves an outright transfer of title, free and clear of any liens, charges or encumbrances or any other interest of the transferring party or of any third person (other than a lien routinely imposed on all securities in a relevant clearance system) (chapter G.I.(a) sentence 2 of the Industry Collateral Opinion).

  • Those standards are re-evaluated periodically and based on common needs, vendor offerings, cost, reliability, supportability, quality, sustainability, and compliance with recycling policies.


More Definitions of Collateral Opinion

Collateral Opinion means our opinion to ISDA dated 8 August 2017.
Sample 1
Collateral Opinion means a reasoned opinion of counsel in form and substance satisfactory to S&P affirming, subject to customary qualifications and assumptions for such an opinion, that upon the bankruptcy of the Transferee the Counterparty will have the right to terminate this Agreement (as so assigned or transferred) or any replacement agreement, net amounts owed hereunder or thereunder and liquidate the collateral posted by the Transferee pursuant to the Credit Support Annex without obtaining the prior approval of a court overseeing the bankruptcy of the Transferee.
Sample 1

Related to Collateral Opinion

  • Collateral Obligation means a Loan owned by the Borrower, excluding the Retained Interest thereon.

  • Schedule of Collateral Obligations means the list or lists of Collateral Obligations attached to each Asset Approval Request and each Reinvestment Request. Each such schedule shall identify the assets that will become Collateral Obligations, shall set forth such information with respect to each such Collateral Obligation as the Borrower or the Facility Agent may reasonably require and shall supplement any such schedules attached to previously-delivered Asset Approval Requests and Reinvestment Requests.

  • Withdrawal Opinion of Counsel has the meaning assigned to such term in Section 11.1(b).

  • Cash Collateral Order means the First Cash Collateral Order, as extended and modified by subsequent orders of the Bankruptcy Court [ECF Nos. 2402, 2726, 3207, 3480, 5580, 6128, 7378, 8081, 8467, 8671, 8958, 9112].

  • Delayed Drawdown Collateral Obligation A Collateral Obligation that (a) requires the Issuer to make one or more future advances to the borrower under the Underlying Documents relating thereto, (b) specifies a maximum amount that can be borrowed on one or more fixed borrowing dates, and (c) does not permit the re-borrowing of any amount previously repaid by the borrower thereunder; but any such Collateral Obligation will be a Delayed Drawdown Collateral Obligation only until all commitments by the Issuer to make advances to the borrower expire or are terminated or are reduced to zero.

  • Cash Collateral Orders means, collectively, the Interim Cash Collateral Order and the Final Cash Collateral Order.

  • Final Cash Collateral Order means the Final Order (I) Authorizing Use of Cash Collateral, (II) Granting Adequate Protection, (III) Modifying the Automatic Stay to Permit Implementation, and (IV) Granting Related Relief [Docket No. 988] entered by the Bankruptcy Court on March 25, 2015, including all stipulations related thereto.

  • REMIC Opinion An Independent Opinion of Counsel, to the effect that the proposed action described therein would not, under the REMIC Provisions, (i) cause any REMIC created hereunder to fail to qualify as a REMIC while any regular interest in such REMIC is outstanding, (ii) result in a tax on prohibited transactions with respect to any REMIC created hereunder or (iii) constitute a taxable contribution to any REMIC created hereunder after the Startup Day.

  • Favorable Opinion of Bond Counsel means an opinion or opinions of nationally recognized bond counsel to the effect that the action proposed to be taken is authorized or permitted by the Certificate and will not adversely affect the exclusion of interest on the Bonds from gross income for purposes of federal income taxation.

  • 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.

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

  • Legal Opinion means any legal opinion delivered to the Agent under Clause 4.1 (Initial conditions precedent) or Clause 29 (Changes to the Obligors).

  • Opinion of Bond Counsel means a written opinion of Bond Counsel.

  • Credit Agreement Collateral Agent has the meaning assigned to such term in the introductory paragraph of this Agreement.

  • Supplemental Collateral Agent has the meaning assigned to that term in subsection 9.1B.

  • Additional Collateral Any of the following held, in addition to the related Mortgaged Property, as security for a Mortgage Loan: (i) all money, securities, security entitlements, accounts, general intangibles, payment rights, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description now existing or hereafter acquired which is pledged as security for the repayment of such Mortgage Loan, (ii) third-party guarantees, and (A) all money, securities, security entitlements, accounts, general intangibles, payment rights, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description now existing or hereafter acquired which is pledged as collateral for such guarantee or (B) any mortgaged property securing the performance of such guarantee, or (iii) such other collateral as may be set forth in the Series Supplement.

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

  • Acceptable Collateral means: (i) a Letter of Credit; and/or (ii) a cash amount (in pounds) transferred to the credit of a Reserve Account;

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

  • Additional First Lien Secured Parties means the holders of any Additional First Lien Obligations and any trustee, authorized representative or agent of such Additional First Lien Obligations.

  • Additional First Lien Secured Party means the holders of any Additional First-Lien Obligations and any Authorized Representative with respect thereto, and shall include the Initial Additional First-Lien Secured Parties.

  • Initial Collateral Amount means $757,097,792, which equals the sum of (i) the Class A Note Initial Principal Balance, (ii) the Class B Note Initial Principal Balance, (iii) the Class C Note Initial Principal Balance and (iv) the Initial Excess Collateral Amount.

  • New Borrowing Base Notice has the meaning assigned such term in Section 2.07(d).

  • Additional Collateral Documents as defined in the Base Intercreditor Agreement.

  • 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.

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