Collateral Surrender definition

Collateral Surrender has the meaning specified in Section 13.1.
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Collateral Surrender. “Collateral Value”, “Development Company Participation Certificates”, “DvP Settlement”, “Eligible Collateral”, “Expected ABS Collateral”, “Floating Rate Loan”, “FoP Settlement”, “Haircut Amount”, “Haircut Percentage”, “Item”, “Loan”, “Loan Accrual Period”, “Loan Closing Date”, “Loan Repayment Amount”, “Loan Requests”, “Loan Subscription Date”, “Market Price”, “Market Value”, “Master TALF Collateral Account”, “Maturity Date”, “New Acquisition Collateral”, “Obligation”, “Person”, “Sales Confirmation”, “SBA Pool Certificates”, “TALF Agent”, and “TALF Standing Loan Facility Procedures” are defined in the MLSA.
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Examples of Collateral Surrender in a sentence

  • The Subject Borrower represents and warrants to Lender that, as of the date of effectiveness of the Collateral Surrender contemplated hereby, the Subject Collateral is free of any Adverse Claim, except as created under the Lending Agreement.

  • Upon the effectiveness of this Collateral Surrender in accordance with Section 13.3 of the MLSA, the Subject Borrower acknowledges that all of its right, title and interest in the Subject Collateral shall be transferred to Lender.

  • The undersigned Primary Dealer represents and warrants to Lender that (x) it has duly authorized, executed and delivered this Collateral Surrender and Acceptance Notice and (y) it has been duly authorized by the Subject Borrower to execute and deliver this Collateral Surrender and Acceptance notice on the Subject Borrower’s behalf.

  • Surrender Right, a TALF Agent shall deliver to Custodian (with a copy to Lender and Administrator) a Collateral Surrender and Acceptance Notice, executed by such TALF Agent on behalf of its Applicable Borrower.

  • The Borrower identified on the signature page hereto (the “Subject Borrower”), acting though [name of Primary Dealer], as its duly authorized agent, hereby notifies you of its election to exercise its Collateral Surrender Right with respect to the following Loan: The Subject Borrower hereby consents to the acceptance of the Collateral set forth above (the “Subject Collateral”) in full satisfaction of the Obligations secured thereby (the “Subject Obligations”).

  • The Borrower identified on the signature page hereto (the “Subject Borrower”), acting though [name of TALF Agent], as its duly authorized agent, hereby notifies you of its election to exercise its Collateral Surrender Right with respect to the following Loan: The Subject Borrower hereby consents to the acceptance of the Collateral set forth above (the “Subject Collateral”) in full satisfaction of the Obligations secured thereby (the “Subject Obligations”).

  • The undersigned TALF Agent represents and warrants to Lender that (x) it has duly authorized, executed and delivered this Collateral Surrender and Acceptance Notice and (y) it has been duly authorized by the Subject Borrower to execute and deliver this Collateral Surrender and Acceptance notice on the Subject Borrower’s behalf.

  • In June 1993, PVH was again delinquent on its Firstar Loans; PVH and Firstar entered into a Collateral Surrender Agreement where PVH irrevocably and unconditionally surrendered its collateral; that is, all fixtures, equipment, etc.

  • Surrender Right, a Primary DealerTALF Agent shall deliver to Custodian (with a copy to Lender and Administrator) a Collateral Surrender and Acceptance Notice, executed by such Primary DealerTALF Agent on behalf of its Applicable Borrower.

  • Dealer shall deliver to Custodian (with a copy to Lender and Administrator) a Collateral Surrender and Acceptance Notice, executed by such Primary Dealer on behalf of its Applicable Borrower.

Related to Collateral Surrender

  • 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.

  • Replacement Property means any property which is placed in service as a replacement for any item of Equipment or any Improvement previously subject to this Fee Agreement regardless of whether such property serves the same functions as the property it is replacing and regardless of whether more than one piece of property replaces any item of Equipment or any Improvement to the fullest extent that the FILOT Act permits.

  • Collateral Account is any Deposit Account, Securities Account, or Commodity Account.