Deliverable Collateral definition

Deliverable Collateral means the Collateral less, unless the Notes have become subject to mandatory redemption under Condition 8.3(C) because of an Event of Default (as defined in the Swap Agreement) by the Swap Counterparty, a portion thereof with a Market Value equal to the Mandatory Redemption Unwind Costs.
Deliverable Collateral means a pro rata portion of each of the Collateral Securities less a portion of each thereof with an aggregate Market Value equal to the Mandatory Redemption Unwind Costs.
Deliverable Collateral means the following Pledged Collateral: (a) promissory notes having a face value in excess of $100,000; (b) limited liability company membership interests, (c) partnership interests and (d) shares of capital stock and other Securities, except, in the case of the foregoing clauses (a), (b), (c) and (d), Cash Equivalents held in a Deposit Account or a Securities Account.

Examples of Deliverable Collateral in a sentence

  • Except as required by Applicable Law, each payment by Customer and all deliveries of Deliverable Collateral or Collateral under this Agreement shall be made, and the value of any Deliverable Collateral or Collateral shall be calculated, without withholding or deducting any Taxes.

  • Any stamp duty or other tax, levy or duty payable in respect of the transfer of the Physical Settlement Entitlement or Deliverable Collateral to a Noteholder shall be the responsibility of and payable by such Noteholder.

  • Any stamp duty or other tax, levy or duty payable in respect of the transfer of a pro rata part of the Deliverable Collateral to a Noteholder shall be the responsibility of and payable by such Noteholder.

  • In such circumstances, the Deliverable Collateral that was not capable of being delivered shall, if and to the extent practicable, be sold by the Swap Counterparty or such other agent as may be appointed by the Issuer and, if they are so sold, each Noteholder shall receive an amount in cash equal to his pro rata share of the sale proceeds thereof.

  • All Delivery Expenses arising from the delivery of the Deliverable Collateral shall be for the account of the Noteholder and no delivery of the Deliverable Collateral shall be made until all Delivery Expenses have been paid to the satisfaction of the Issuer by the Noteholder.

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  • Collateral Delivery Procedures: (E) Under the "Collateral DeliveryProcedures", in order to take delivery of a pro rata part of any part of the Deliverable Collateral, each Noteholder shall be required (i) to submit a duly completed and executed form of delivery instruction (the "Form of Instruction") to the Paying Agent (on behalf of the Issuer) (or such other person as may be nominated by the Issuer to receive Forms of Instruction).

  • The payment of the relevant Unwind Costs in full by a Noteholder shall be a condition precedent to the delivery by or on behalf of the Issuer of any Deliverable Collateral Entitlement due to such Noteholder.

  • The Calculation Agent shall select in its sole and absolute discretion which securities forming part of the Collateral shall comprise the Deliverable Collateral.

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More Definitions of Deliverable Collateral

Deliverable Collateral means Bond Collateral with an aggregate nominal value as determined by the Calculation Agent acting in good faith and in acommercially reasonable manner equal to the Cash Settlement Amount, provided that if the nominal value of Bond Collateral to be delivered is not a multiple of the lowest denomination of the Bond Collateral (the “Relevant Collateral Denomination”), then either (a), if the conditions set out in (A) below are satisfied, the Deliverable Collateral shall be Bond Collateral having a nominal value equal to the lowest whole multiple of the Relevant Collateral Denomination not less than the Cash Settlement Amount (the total nominal value of such Bond Collateral being the “Overdelivery Collateral Amount”) and the Swap Counterparty shall pursuant to the Default Swap Agreement pay to the Issuer an amount (the “Swap Counterparty Cash Equalisation Amount”) equal to the Overdelivery Collateral Amount less the Cash Settlement Amount (which amount shall be paid into the Deposit Account) or (b) if the conditions set out in (B) below are satisfied, the Deliverable Collateral shall be Bond Collateral having a nominal value equal to the highest whole multiple of the Relevant Collateral Denomination which does not exceed the Cash Settlement Amount (the total nominal value of such Bond Collateral being the “Underdelivery Collateral Amount”) and the Issuer shall pursuant to the Default Swap Agreement pay to the Swap Counterparty an amount of cash from the Deposit Account equal to the Cash Settlement Amount less the Underdelivery Collateral Amount and further provided that in the event the relevant Cash Settlement Amount is greater than the aggregate nominal value (as so determined) of the Bond Collateral together with any sum standing to the credit of the Deposit Account, the Deliverable Collateral shall be all of the Bond Collateral and the Issuer shall pursuant to the Default Swap Agreement pay to the Swap Counterparty a cash amount (the “Issuer Cash Equalisation Amount”) equal to all sums standing to the credit of the Deposit Account and the delivery of such Deliverable Collateral and payment of such cash amount shall be in full and final satisfaction of any obligation of the Issuer to pay the relevant Cash Settlement Amount to the Swap Counterparty pursuant to the Default Swap Agreement. The conditions referred to in the previous sentence are:

Related to Deliverable Collateral

  • Acceptable Collateral means any of the following assets of Borrower, if (x) held in or credited to any Collateral Account subject to a first priority Lien under the applicable Security Agreement and (y) the Collateral Requirement has been satisfied with respect thereto:

  • Eligible Collateral means, with respect to a party, the items, if any, specified as such for that party in Paragraph 13.

  • Indenture Collateral has the meaning set forth in the Granting Clause of the Indenture.

  • Applicable Collateral Agent means (i) until the earlier of (x) the Discharge of Credit Agreement and (y) the Non-Controlling Representative Enforcement Date, the Credit Agreement Collateral Agent and (ii) from and after the earlier of (x) the Discharge of Credit Agreement and (y) the Non-Controlling Representative Enforcement Date, the Collateral Agent for the Series of First Lien Obligations represented by the Major Non-Controlling Representative.

  • Landlord Personal Property Collateral Access Agreement means a Landlord Waiver and Consent Agreement substantially in the form of Exhibit K with such amendments or modifications as may be approved by the Collateral Agent.

  • Deliverable Obligation Characteristics means Not Subordinated, Specified Currency, Not Contingent, Assignable Loan, Consent Required Loan, Transferable, Not Bearer, Maximum Maturity – 30 years.

  • Negotiable Collateral means all of Borrower’s present and future letters of credit of which it is a beneficiary, drafts, instruments (including promissory notes), securities, documents of title, and chattel paper, and Borrower’s Books relating to any of the foregoing.

  • Collateral has the meaning set forth in Section 2.

  • Mortgage Collateral the “Collateral” as defined in the Mortgage Loan Agreement.

  • Additional Collateral Any of the following held, in addition to the related Mortgaged Property, as security for a Mortgage Loan: (i) all money, securities, security entitlements, accounts, general intangibles, payment rights, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description now existing or hereafter acquired which is pledged as security for the repayment of such Mortgage Loan, (ii) third-party guarantees, and (A) all money, securities, security entitlements, accounts, general intangibles, payment rights, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description now existing or hereafter acquired which is pledged as collateral for such guarantee or (B) any mortgaged property securing the performance of such guarantee, or (iii) such other collateral as may be set forth in the Series Supplement.

  • As-Extracted Collateral means “as-extracted collateral” as such term is defined in the Uniform Commercial Code as in effect on the date hereof in the State of New York.

  • Excluded Equipment means, at any date, any equipment or other assets of the Borrower or any Guarantor which is subject to, or secured by, a Capitalized Lease Obligation or a purchase money obligation if and to the extent that (i) a restriction in favor of a Person who is not Holdings or any Restricted Subsidiary of Holdings contained in the agreements or documents granting or governing such Capitalized Lease Obligation or purchase money obligation prohibits, or requires any consent or establishes any other conditions for or would result in the termination of such agreement or document because of an assignment thereof, or a grant of a security interest therein, by the Borrower or any Guarantor and (ii) such restriction relates only to the asset or assets acquired by the Borrower or any Guarantor with the proceeds of such Capitalized Lease Obligation or purchase money obligation and attachments thereto, improvements thereof or substitutions therefor; provided that all proceeds paid or payable to any of the Borrower or any Guarantor from any sale, transfer or assignment or other voluntary or involuntary disposition of such assets and all rights to receive such proceeds shall be included in the Collateral to the extent not otherwise required to be paid to the holder of any Capitalized Lease Obligations or purchase money obligations secured by such assets.

  • Underlying Collateral means, with respect to a Loan Asset, any property or other assets designated and pledged or mortgaged as collateral to secure repayment of such Loan Asset, as applicable, including, without limitation, mortgaged property and/or a pledge of the stock, membership or other ownership interests in the related Obligor and all proceeds from any sale or other disposition of such property or other assets.

  • Account Collateral means, with respect to each Account, such Account, together with all cash, securities, Financial Assets and investments and other property from time to time deposited or credited to such Account and all proceeds thereof, including, with respect to the Reserve Fund, the Reserve Fund Deposit and the Reserve Fund Amount.

  • Personal Property Collateral means all Collateral other than Real Property.

  • First Priority Collateral means all assets, whether now owned or hereafter acquired by the Borrower or any other Loan Party, in which a Lien is granted or purported to be granted to any First Priority Secured Party as security for any First Priority Obligation.

  • Deliverable Obligation Category means Bond or Loan.

  • Threshold Event Collateral shall have the meaning assigned to such term in Section 5(g).

  • 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.

  • Acceptable Document of Title means, with respect to any Inventory, a tangible, negotiable xxxx of lading or other Document (as defined in the UCC) that (a) is issued by a common carrier which is not an Affiliate of the Approved Foreign Vendor or any Loan Party which is in actual possession of such Inventory, (b) is issued to the order of a Loan Party or, if so requested by the Agent, to the order of the Agent, (c) names the Agent as a notify party and bears a conspicuous notation on its face of the Agent’s security interest therein, (d) is not subject to any Lien (other than in favor of the Agent), and (e) is on terms otherwise reasonably acceptable to the Agent.

  • Deliverable Obligation means an obligation referred to in a Synthetic Security as the "Deliverable Obligation" which is deliverable upon termination prior to the scheduled maturity thereof.

  • Senior Collateral means any “Collateral” as defined in any Credit Agreement Loan Document or any other Senior Debt Document or any other assets of the Borrower or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Senior Collateral Document as security for any Senior Obligations.

  • Collateral File With respect to each Mortgage Loan, a file containing each of the Collateral Documents.

  • Excluded Property shall have the meaning set forth in the Security Agreement.