Collateral SDRs definition

Collateral SDRs means the SDRs credited to the Collateral SDRs Account;
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Examples of Collateral SDRs in a sentence

  • In respect of Collateral SDRs only, the Borrower will not, at any time, where it has the option to elect between receiving dividends in cash and dividends in the form of shares (or any form other than cash), elect to receive a dividend in the form of shares, or any form other than cash.

  • The Borrower shall not, directly or indirectly, transfer any SDR to the Collateral SDRs Account unless such SDR (i) is in book-entry format and (ii) is not subject to any Transfer Restrictions, other than the Existing Transfer Restrictions (whether in the hands of the Borrower or any Finance Party exercising its rights with respect thereto under the Finance Documents).

  • The Borrower shall ensure that no more than the Maximum Number of Collateral SDRs are deposited to the Collateral SDRs Account at any time.

  • The Collateral SDRs are not, and in the hands of the Borrower or any of its “affiliates” (within the meaning of Rule 144) have never been, “restricted securities” as defined in Rule 144(a)(3) under the Securities Act.

  • Some organisations expect a one-page CV, but for most a two- page CV is acceptable unless otherwise specified.

  • The Borrower will not create or permit any Security to subsist, arise or be created or extended over (i) all or any part of the Collateral SDRs held (directly or indirectly) by it or (ii) the Cash Collateral, other than the Transaction Security (including, for the avoidance of doubt, the rights of the Custodian pursuant to the terms of the Pledge Notice and Acknowledgment).

  • The Borrower shall ensure that any Dividends and other amounts or assets received by it in respect of the Collateral SDRs held in the Collateral SDRs Account, are paid and credited immediately into the Collateral SDRs Account or the Cash Collateral Account, as applicable.

  • The Borrower shall ensure that the Cash Collateral Account and the Collateral SDRs Account are opened and maintained with the Custodian in Luxembourg and are subject to valid Security under the Transaction Security Documents.

  • The Borrower has at all times complied with the Deposit Agreement in respect of the Collateral SDRs.

  • Holdco undertakes that it shall have no rights or any claim whatsoever with respect to the Collateral SDRs and the Borrower shall be the absolute legal and direct beneficial owner of the Collateral SDRs.

Related to Collateral SDRs

  • Collateral savings, as used in this clause, means those measurable net reductions resulting from a VECP in the agency's overall projected collateral costs, exclusive of acquisition savings, whether or not the acquisition cost changes.

  • Collateral Support means all property (real or personal) assigned, hypothecated or otherwise securing any Collateral and shall include any security agreement or other agreement granting a lien or security interest in such real or personal property.

  • 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 source shall have the meaning set forth in Section 8.5.

  • Original Collateral Sale Date means 1 December 2020.

  • Collateral Substitution has the meaning specified in Section 3.13.

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

  • Collateral Security Documents Any document or instrument given to secure or guaranty the Mortgage Loan, including without limitation, the Mortgage, each as amended, supplemented, assigned, extended or otherwise modified from time to time.

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

  • Collateral has the meaning set forth in Section 2.

  • 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 JPY 6,399,647,993. 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 Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • ABL Collateral means all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any ABL Obligations.

  • Collateral State means the state or states where the Collateral is located, which is California.

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

  • Mortgage Collateral the “Collateral” as defined in the Mortgage Loan Agreement.

  • 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:

  • Hedge Collateral Defined in Section 5.3(b).

  • Collateral Enhancement Obligation means any warrant or equity security, excluding Exchanged Equity Securities, but including without limitation, warrants relating to Mezzanine Obligations and any equity security received upon conversion or exchange of, or exercise of an option under, or otherwise in respect of a Collateral Debt Obligation; or any warrant or equity security purchased as part of a unit with a Collateral Debt Obligation (but in all cases, excluding, for the avoidance of doubt, the Collateral Debt Obligation), in each case, the acquisition of which will not result in the imposition of any present or future, actual or contingent liabilities or obligations on the Issuer other than those which may arise at its option; provided that no Collateral Enhancement Obligation may be a Dutch Ineligible Security.

  • 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.

  • Collateral Monthly Principal means the monthly principal distributable in respect of the Collateral Interest as calculated in accordance with subsection 4.07(c).

  • Collateral Invested Amount means, when used with respect to any date, an amount equal to (a) the Collateral Initial Invested Amount, minus (b) the aggregate amount of principal payments made to the Collateral Interest Holder prior to such date, minus (c) the aggregate amount of Collateral Charge-Offs for all prior Distribution Dates pursuant to subsection 4.06(c), minus (d) the aggregate amount of Reallocated Principal Collections allocated on all prior Distribution Dates pursuant to Section 4.08 allocable to the Collateral Invested Amount, minus (e) an amount equal to the amount by which the Collateral Invested Amount has been reduced on all prior Distribution Dates pursuant to subsections 4.06(a) and (b), and plus (f) the amount allocated and available on all prior Distribution Dates pursuant to subsection 4.07(i), for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c), (d) and (e); provided, however, that the Collateral Invested Amount may not be reduced below zero.