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

  • 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 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • At maturity, a borrower may surrender the collateral to the New York Fed, in lieu of repaying the outstanding principal or interest on a TALF loan, by delivering a Collateral Surrender and Acceptance Notice with respect to such loan by the maturity date.

  • Lender may from time to time acquire an ownership interest in Collateral pursuant to a Collateral Surrender (“Surrendered Assets” and, together with 9-610 Assets and 9-620 Assets, “Collateral Assets”).

  • A borrower fails to cause the delivery of a Collateral Surrender and Acceptance Notice to the custodian in accordance with the terms of the MLSA on or prior to the maturity date of a loan.Accountant’s Attestation The ABS sponsor’s accountants must provide an attestation,22 in a form acceptable to the FRBNY, that the ABS is eligible under the TALF.

  • There are reasons for dividing each article into these three parts.

Related to Collateral Surrender

  • Collateral Substitution has the meaning specified in Section 3.13.

  • 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.

  • newly rateable property means any rateable property on which property rates were not levied before the end of the financial year preceding the date on which this Act took effect, excluding –

  • 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.

  • rateable property means property on which the municipality may in terms of Section 2 of the Property Rates Act 2004 levy a rate, but excluding property fully excluded from the levying of rates in terms of Section 17 of that Act.

  • Lien Certificate means, with respect to a Financed Vehicle, an original certificate of title, certificate of lien or other notification issued by the Registrar of Titles of the applicable state to a secured party which indicates that the lien of the secured party on the Financed Vehicle is recorded on the original certificate of title. In any jurisdiction in which the original certificate of title is required to be given to the Obligor, the term “Lien Certificate” shall mean only a certificate or notification issued to a secured party. For Financed Vehicles registered in states which issue confirmation of the lienholder’s interest electronically, the “Lien Certificate” may consist of notification of an electronic recordation, by either a third party service provider or the relevant Registrar of Titles of the applicable state, which indicates that the lien of the secured party on the Financed Vehicle is recorded on the original certificate of title on the electronic lien and title system of the applicable state.

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • Book-Entry Certificates As specified in the Preliminary Statement.

  • New Certificates has the meaning set forth in Section 3.04(a).

  • Trust Account Property means the Trust Accounts, all amounts and investments held from time to time in any Trust Account (whether in the form of deposit accounts, Physical Property, book-entry securities, uncertificated securities or otherwise), and all proceeds of the foregoing.

  • 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.

  • Original Collateral Sale Date means 1 December 2020.

  • Underlying REMIC Certificates The REMIC Certificates held in the Trust and evidencing beneficial interests in the REMIC Trust. US Bank: U.S. Bank National Association, a national banking association. ARTICLE II The Trust

  • Certificate Account The account maintained by the Trustee in accordance with the provisions of Section 4.04.

  • Replacement Reserve Account shall have the meaning set forth in Section 7.3.1 hereof.

  • 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.

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Old Certificates has the meaning set forth in Section 3.04(a).

  • Swap Collateral Account means a single, segregated trust account in the name of the Indenture Trustee, which shall be designated as the “Swap Collateral Account” which shall be held in trust for the benefit of the Noteholders established pursuant to Section 4.8(e) of the Sale and Servicing Agreement.]