Examples of Collateral Securities in a sentence
For the purposes of the Securities Lending Agreement, “Equivalent” or “equivalent to” means, in relation to any Loaned Securities or Collateral, Securities or other property, of an identical type, nominal value, description and amount to particular Loaned Securities or Collateral (as the case may be) so provided or, in the case of redemption, a sum of money equivalent to the proceeds of the redemption.
Government Agency Collateral Securities – Restricted to securities callable at par only with final maturities of five (5) years or less.
Upon Maker’s receipt of any such returned Collateral Securities, Maker shall cause all such Collateral Securities to be cancelled.
Upon the acceptance of any appointment as Collateral Agent hereunder by a successor Collateral Agent, such successor Collateral Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Collateral Agent, and the retiring Collateral Agent shall take all appropriate action to transfer any money and property held by it hereunder (including the Pledged Collateral Securities) to such successor Collateral Agent.
The pledge provided in this Section 2 is herein referred to as the "Pledge" and the Collateral Securities subject to the Pledge, excluding any Collateral Securities released from the Pledge as provided in Section 4 hereof, are hereinafter referred to as the "Pledged Collateral Securities." Subject to the Pledge, the Holders from time to time of the Securities shall have full beneficial ownership of the Collateral Securities constituting a part of such Securities.