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.
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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.
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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.
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Examples of Collateral Opinion in a sentence

  • Answer As of the date hereof, there are no new laws or changes in the interpretation of the laws of Thailand that would materially or adversely affect the conclusions reached in the Collateral Opinion.

  • Standard Chartered Bank, as modified and supplemented by Annex 11 of the 2015 ISDA Collateral Opinion.

  • 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.

  • 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.

  • Unless otherwise indicated, when we talk of the 'location' of Collateral in this memorandum, we mean the legal jurisdiction that governs the proprietary aspects of the Collateral determined in accordance with our answer to question 2 in part III of the 2015 ISDA Collateral Opinion.

  • As explained in more detail in the 2015 ISDA Collateral Opinion, in respect of a financial collateral arrangement, Regulation 19 of the FCA Regulations provides that the domestic law of the country in which relevant account is maintained will apply.

  • The analysis in part II of the ISDA 2015 Collateral Opinion should be read in conjunction with the below analysis of the specific provisions of the VM NY CSA.

  • See our answer to question 2 in part III of the 2015 ISDA Collateral Opinion as supplemented by this memorandum for further details in this regard.6 A Foreign Entity is a corporate entity that is a Corporation, Bank/Credit Institution, Investment Firm/Broker Dealer or Hedge Fund/Proprietary Dealer organised/incorporated in a foreign jurisdiction under a foreign law.

  • This memorandum does not constitute a general update of the ISDA 2015 Collateral Opinion and the updates below are limited to issues that are relevant to the English Counterparties referred to in this memorandum.


More Definitions of Collateral Opinion

Collateral Opinion means our opinion to ISDA dated 8 August 2017.
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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;
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Related to Collateral Opinion

  • Collateral Obligation means a commercial loan or participation interest therein or bond 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.

  • Cash Collateral Order means an order entered by the Bankruptcy Court authorizing the Company to use cash collateral on a final (as opposed to interim) basis pursuant to sections 361 and 363 of the Bankruptcy Code, which order shall be acceptable to the Investor and shall contain a cash budget that is similar in all material respects to the budget attached hereto as Exhibit A.

  • 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 of the Bankruptcy Court entered on March 30, 2020, wherein the Bankruptcy Court authorized the Debtors’ continued use of cash collateral subject to certain conditions contained therein.

  • Collateral Pool means all of the Collateral.

  • 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 any of the following assets of Borrower, if (x) held in or credited to any Collateral Account subject to a first priority Lien under the applicable Security Agreement and (y) the Collateral Requirement has been satisfied with respect thereto:

  • 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 $1,000,000,000, 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.

  • Term Loan Security Documents means the “Security Documents” as defined in the Term Loan Credit Agreement.

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

  • Request regarding a list of collateral means a record authenticated by a debtor requesting that the recipient approve or correct a list of what the debtor believes to be the collateral securing an obligation and reasonably identifying the transaction or relationship that is the subject of the request.

  • Collateral Loan means a Senior Secured Loan, a Senior Secured Bond, a First Lien/Last Out Loan or a Second Lien Loan or a Participation Interest in any Senior Secured Loan, First Lien/Last Out Loan or Second Lien Loan that as of the date of acquisition by the Borrower meets each of the following criteria:

  • Pledged Asset Mortgage Loan A Mortgage Loan as to which, at the time of origination, a Letter of Credit was issued in favor of the initial holder of such Mortgage Loan.

  • Credit Agreement Collateral Documents means the Security Agreement, the other Collateral Documents (as defined in the Credit Agreement) and each other agreement entered into in favor of the Credit Agreement Collateral Agent for the purpose of securing any Credit Agreement Obligations.