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.
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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.
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Deliverable Collateral means the following Pledged Collateral:
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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.

  • Customer will at all times maintain in, and upon written or oral demand furnish to, the Accounts, or otherwise provide to the BNPP Entities in a manner satisfactory to the BNPP Entities, assets of the types and in the amounts required by the BNPP Entities in accordance with the terms of the outstanding Contracts ("Deliverable Collateral").

  • If the pro rata share of the Deliverable Collateral deliverable to any Noteholder does not correspond to an exact aggregate principal amount of the whole denomination of the Collateral the Deliverable Collateral deliverable to such Noteholder shall be deemed to be the nearest smaller aggregate principal amount of such Collateral in the whole denomination thereof and no additional payment shall be due and payable to compensate for such rounding down.


More Definitions of Deliverable Collateral

Deliverable Collateral means Bond Collateral (or, following the redemption of the Bond Collateral, Substitute Collateral) with an aggregate nominal value as determined by the Calculation Agent acting in good faith and in a commercially reasonable manner equal to the sum of (i) the Cash Settlement Amount; and (ii) the Credit Event Unwind Costs, provided that if the nominal value of Bond Collateral or, as the case may be, Substitute Collateral to be delivered is not a multiple of the lowest denomination of the Bond Collateral or the Substitute 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 or Substitute 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 or Substitute 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 or Substitute 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 or Substitute 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 plus the amount of any such Credit Event Unwind Costs is greater than the aggregate nominal value (as so determined) of the Bond Collateral or, as the case may be, the Substitute Collateral together with any sum standing to the credit of the Deposit Account, the Deliverable Collateral shall be all of the Bond Collateral or, as the case may be, the Substitute Collateral and the Issuer shall pursuant to the Default Swap Agreement pay to the Swap
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Related to Deliverable Collateral

  • Acceptable Collateral means: (i) a Letter of Credit; and/or (ii) a cash amount (in pounds) transferred to the credit of a Reserve Account;

  • 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 S, with such amendments, modifications or supplements as may be approved by 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 specified in the Granting Clause of this Indenture.

  • 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 (i) defibrillators, enhanced emergency medical kits and other medical equipment, (ii) airphones and other components or systems installed on or affixed to the Airframe that are used to provide individual telecommunications or electronic entertainment to passengers aboard the Aircraft, (iii) galley carts, beverage carts, waste containers, liquor kits, food tray carriers, ice containers, oven inserts, galley inserts, and other branded passenger convenience or service items, (iv) any items, equipment or systems leased by Company or any Permitted Lessee (other than items, equipment, or systems that are leased from Company pursuant to the applicable Lease) or owned by Company or any Permitted Lessee subject to a conditional sales agreement or a security interest (other than the security interest granted under the Indenture), and (v) cargo containers.

  • 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.

  • BT Equipment means any equipment, including any Software, owned by or licensed to BT Group that is located at a Site for the provision of a Service.

  • 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.

  • Purchase Agreement Collateral has the meaning specified in Section 6.9 of this Agreement.

  • 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.

  • Sale and Servicing Agreement Collateral shall have the meaning set forth in Section 2.4.

  • 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 Company 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.