Eligible Collateral definition

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

Eligible Collateral means the amount of Collateral which has an aggregate fair market value equal to the amount by which the Pledgor is in default (without regard to any amounts owing solely as the result of an acceleration of the Loan Agreement) or such lesser amount of Collateral as may be required pursuant to section 13 of this Pledge Agreement.

Eligible Collateral means, as of any date, all Collateral on which the Collateral Agent has, as of such date, to the extent purported to be created by the applicable Security Document, a valid and perfected first priority Lien and/or mortgage (or comparable Lien) for the benefit of the Secured Parties and which is otherwise subject only to Permitted Liens and satisfies the requirements set out in the Loan Documents for such type of Collateral.

Examples of Eligible Collateral in a sentence

• Notwithstanding anything to the contrary in Paragraph 10, the Pledgor will be responsible for, and will reimburse the Secured Party for, all transfer and other taxes and other costs involved in any Transfer of Eligible Collateral.

• A party's rights to demand and receive the Transfer of Eligible Collateral as provided hereunder and its rights as Secured Party against the Posted Collateral or otherwise shall be absolute and subject to no counterclaim, set-off, deduction or defense in favor of the Pledgor except as contemplated in Sections 2 and 6 of the Agreement and Paragraph 8 of this Annex.

• Eligible Collateral Transferred to the Secured Party constitutes security and performance assurance without which the Secured Party would not otherwise enter into and continue any and all Transactions.

• No action of the Pledgee permitted hereunder shall impair or affect its rights in and to the Eligible Collateral.

• Written notification of intended disposition of any of the Eligible Collateral shall be given by the Pledgee to the Pledgor at least three (3) Business Days before such disposition.

More Definitions of Eligible Collateral

Eligible Collateral means, collectively, Eligible Inventory and Eligible Receivables.

Eligible Collateral means any securities that otherwise would qualify for outright purchase under this act.

Eligible Collateral means Collateral that satisfies the Eligibility Criteria. Eligible Collateral Schedule has the meaning specified in Section 3.4. Expected ABS Collateral has the meaning specified in Section 3.5(c).

Eligible Collateral means any of the securities specified in Iowa Code section 12C.16(1)“b” provided that the securities are acceptable to the public unit and to the approved custodian.

Eligible Collateral means any one or any combination of the securities or other forms of collateral as described in Iowa Code section 12C.22, subsection 6, and acceptable to the treasurer. Cash shall be considered eligible collateral.

Eligible Collateral means U.S. Government Obligations, Letters of Credit or Cash and Cash Equivalents, or any combination thereof.

Eligible Collateral shall have the meaning specified in Paragraph 3(c)(iii).