Electronic Collateral definition

Electronic Collateral has the meaning specified in the Electronic Collateral Control Agreement.
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Examples of Electronic Collateral in a sentence

  • The Administrative Agent shall hold each such Contract for the exclusive benefit of the Secured Parties and shall make disposition thereof only in accordance with this Agreement or the Electronic Collateral Control Agreement or otherwise pursuant to written instructions furnished by the Required Lenders.

  • The Administrative Agent shall not provide any Person other than the Required Lenders with any right to control the actions of the Administrative Agent under the Electronic Collateral Control Agreement, or any consent or approval rights in respect of the Electronic Collateral Control Agreement or any rights thereunder or any provisions thereof, or permit any other Person to direct the Servicer to take or refrain from taking any action, in each case, which could affect the Contracts.

  • Pursuant to Section 4.3 of the Electronic Collateral Control Agreement, the Borrower acknowledges that the Securitization and the transfer of eContracts (as defined in the Electronic Collateral Control Agreement) to the Securitization is permitted under the Credit Agreement, the 2021-1C SUBI Security Agreement and the Basic Documents.

  • Amend or permit the amendment or termination of an Electronic Collateral Control Agreement or the Order Form without the prior written consent of Agent.

  • The Custodian shall not Transfer or Export any Electronic Contract that constitutes or evidences a Receivable except in accordance with the terms hereof and the Electronic Collateral Control Agreement and shall not destroy any Electronic Contract that constitutes or evidences a Receivable.

  • They also showed that the same bound holds for weak periods1 p and q.

  • The parties hereto acknowledge that the Custodian has no liability under an E-Vault Access Agreement and has only the duties and obligations of the Custodian specified hereunder or expressly set forth in the Electronic Collateral Control Agreement.

  • Secured Party consents to Vault Managers (as defined in the Service Agreement) designated by Debtors having regular access to the Electronic Collateral held in the Electronic Account, which is maintained by Custodian.

  • ACKGROUND This Working Paper on Best Practices for Electronic Collateral Registries has been produced as part of the Best Practices in the Field of Electronic Registry Design and Operation project (BPER project, or the Project).

  • The aim is to maintain the quality of the implementation of the transitional policy from Conventional Collateral to an Electronic Collateral system.

Related to Electronic Collateral

  • Electronic converter means a device capable of controlling and/or converting electric power for electric propulsion.

  • Electronic Communications means any transfer of signs, signals, text, images, sounds, data or intelligence of any nature transmitted in whole or part electronically received and/or transmitted through the Cloud Service.

  • electronic commerce means the supply of goods or services or both, including digital products over digital or electronic network;

  • Electronic Control System means a combination of units, designed to co-operate in the production of the stated vehicle control function by electronic data processing. Such systems, often controlled by software, are built from discrete functional components such as sensors, electronic control units and actuators and connected by transmission links. They may include mechanical, electro-pneumatic or electro-hydraulic elements.

  • Electronic Chattel Paper means chattel paper evidenced by a record or records consisting of information stored in an electronic medium.

  • electronic cash ledger means the electronic cash ledger referred to in sub-section (1) of section 49;

  • Electronic communication means a communication transmitted by means of an electronic device, including, but not limited to: a telephone, cellular phone, computer, or pager.

  • electronic commerce operator means any person who owns, operates or manages digital or electronic facility or platform for electronic commerce;

  • electronic credit ledger means the electronic credit ledger referred to in sub-section (2) of section 49;

  • Electronic agent means a computer program or an electronic or other automated means used independently to initiate an action or respond to electronic records or performances in whole or in part, without review or action by an individual.