Examples of Custodial Collateral in a sentence
Each Cash Loan hereunder shall be secured by the identification and designation, on the custodial or other books and records of State Street relating to the Borrower, of Liquid Custodial Collateral as Securities Loan Collateral in accordance with Section 13.7 hereof (the “Cash Loan Collateral”), the Collateral Value of which Cash Loan Collateral shall equal or exceed the Cash Loan Margin Amount for such Cash Loan.
The Borrower hereby grants to and for the benefit of State Street, as further security for the Securities Loan Obligations and the Cash Loan Obligations, a security interest in all of the rights, title and interest of the Borrower in and to the Custodial Collateral, in each case whether now owned or hereafter acquired by the Borrower, wherever located and whether now or hereafter existing or arising.
The Borrower agrees to enter into such agreements, make such filings and take such other actions as may be reasonably required by State Street to take and perfect such security interest in the Custodial Collateral.