Eligible Pledged Securities means the Securities (a) of each Domestic Subsidiary that is also a Wholly-Owned Subsidiary and Look-Through Subsidiary and (b) that are not otherwise prohibited or restricted from being pledged, assigned, transferred or otherwise subject to a Lien in favor of another Person by the terms of (i) any applicable Laws or (ii) any material contract to which the Company or any Subsidiary of the Company is a party pursuant to a transaction otherwise permitted under this Agreement.
Eligible Pledged Securities means those marketable securities owned by Borrower on deposit in the Pledged Securities Account and in which Bank has a perfected first-priority security interest, and that are (i) designated as eligible or otherwise of a type or types determined acceptable to Bank from time to time in its Permitted Discretion, (ii) held in the Pledged Securities Account and subject to a Securities Account Control Agreement in favor of Bank that is in full force and effect, and (iii) not subject to a security interest or Lien in favor of any other person or entity other than Bank.
Eligible Pledged Securities means Pledged Securities constituting cash and certificates of deposit, bonds with a rating by S&P of BBB- or better or by Xxxxx’x of Baa3 or better, mutual funds, and equity securities.