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.

  • 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 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.

  • 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”).

  • 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”).

  • 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.

  • 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 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.