Collateral Policy definition

Collateral Policy means each effective insurance policy insuring the life of Xxx Xxxxxxx in which Bank has a perfected, first priority Lien in the cash value and all death benefits, together with such other assurances as Bank may require to evidence its interest in such policy.
Collateral Policy means the Bank's Collateral Policy as stated in the Credit Policy Manual, policy statement or operating circulars of the Bank, as in effect from time to time.
Collateral Policy means the Manager's collateral policy as it relates to the Company as summarised in the Prospectus.

Examples of Collateral Policy in a sentence

  • Concurrently with the initial delivery of Collateral and at such other times as provided in the Collateral Policy or as the Bank may otherwise request, the Member will deliver to the Bank a status report and accompanying schedules, all in form and substance satisfactory to the Bank and dated as of the then most recent valuation date, describing the Collateral held by the Bank or its custodian.

  • Upon the request of the Bank, or as provided in the Credit and Collateral Policy, the Borrower shall sign and deliver to the Bank a promissory note or notes and such other Supplemental Documentation in such form as the Bank may reasonably require evidencing any Advance, Credit Product, Derivative Transaction or Other Product.

  • Interest shall be paid on all Liabilities at the times specified by the Bank in the Credit and Collateral Policy and in the Confirmation or Supplemental Documentation and shall be charged for each day that such Liabilities are outstanding at the rate applicable to such Liabilities.

  • Subject to Section 6.03 hereof, the Borrower may apply to the Bank for Advances, Credit Products, Derivative Transactions and Other Products in accordance with the Credit and Collateral Policy.

  • Nothing contained herein or in any documents describing the Bank’s credit program and credit policies, including the Credit and Collateral Policy, shall be construed as an agreement or commitment on the part of the Bank to grant Advances or enter into Credit Products, Derivative Transactions or Other Products.


More Definitions of Collateral Policy

Collateral Policy means the Manager's collateral policy as it relates to the
Collateral Policy means the Company's collateral policy.
Collateral Policy means the collateral policy of the Bank as published from time to time.
Collateral Policy means the Bank’s Collateral Policy as in effect from time to time.
Collateral Policy means the FHLBI's Collateral Policy as stated in the Credit Policy Manual, policy statements or operating circulars of the FHLBI, as in effect from time to time.
Collateral Policy means the Bank's Collateral Policy as in effect from time to time.
Collateral Policy means the collateral policy of the Bank as published from time to time. g. "Commitment" or "Commitments" means any agreement under which the Bank is obligated to make an Advance to the Institution. h. "Confirmation" means a written or machine-readable electronic transmission issued by the Bank from time to time confirming an Advance, including the notation of the Advance on the Institution's demand deposit account statement and schedules to insurance company funding agreements. i. "Credit Policy" means the credit policy of the Bank as published from time to time. j. "Eligible Collateral" means Collateral, other than Capital Stock, which: (1) qualifies as security for Advances under the terms and conditions of the Act and the Regulations and satisfies the requirements that may be established by the Bank from time to time; and (2) is owned by the Institution free and clear of any liens, encumbrances or interests other than the interest of the Bank hereunder. k. "Indebtedness" means all indebtedness of the Institution to the Bank, whether now outstanding or hereafter incurred, including all Advances and any other sums owed by the Institution to the Bank pursuant to any provision hereof, and all other obligations and liabilities of the Institution to the Bank. l. "Lending Value" means the value of the Bank shall from time to time, in its sole discretion, ascribe to the various type of Collateral. m. "Regulations" means the regulations of the Federal Housing Finance Board or its successor, as amended, 12 CFR Chapter IX. n. "Required Collateral Amount" means the aggregate dollar amount that the Bank may specify from time to time with respect to each Advance and any other obligation or liability of the Institution to the Bank. The Bank may increase or decrease the Required Collateral Amount at any time. o. "Swap Transaction" or "Swap Transactions" means any and all interest rate swaps, interest rate caps, floors or collars, currency exchange transactions or similar transactions entered into between the Bank and the Institution.