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

• The Contractor shall Mark-to-Market the Loaned Securities on a daily basis, and where applicable, shall make a demand under the applicable SLA requiring the Approved Borrower to post additional Eligible Collateral to maintain the Collateral Requirement in accordance with the SLA.

• The Contractor agrees to Mark-to-Market the Loaned Securities on a daily basis and to collect additional Eligible Collateral or return Collateral as may be necessary to comply with the Collateral Requirements.

• The Contractor agrees to only accept Eligible Collateral as set forth in Schedule B (Eligible Collateral as of the Effective Date of this Agreement).

• Contractor shall require Eligible Collateral as required by this Agreement.

• Contractor agrees that a Loan that is reallocated from another client to the CRF’s portfolio pursuant to this Agreement must meet all criteria that a new Loan is required to meet, including, but not limited to, loan term limits and the initial Eligible Collateral requirements defined in Schedule B (Eligible Collateral as of the Effective Date of this Agreement).

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).