Eligible Securities Collateral definition

Eligible Securities Collateral means securities, now owned or hereafter acquired by Customer, whether certificated or uncertificated, which meet the requirements of Eligible Collateral described in Subsection 1.1.17 above.
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Eligible Securities Collateral. The following types of marketable securities that are subject to a first priority perfected security interest in favor of the Agent for the benefit of the Lenders and for which there can be obtained a publicly quoted fair market value: U.S. Treasury Obligations; Municipal Bonds; stocks and bonds listed on the New York Stock Exchange; stocks and bonds listed on NASDAQ; and over the counter listed stocks and bonds; provided, however, that (a) no bond shall come within this definition of "Eligible Securities Collateral" unless it is of investment grade; which shall mean such bond has a BBB or better rating from Standard and Poors Corporation or a BAA or better rating from Xxxxx'x Investment Services, Inc.; and (b) no stock shall come within this definition of "Eligible Securities Collateral" (i) unless it is publicly traded and has a publicly reported fair market value; (ii) if it is stock of a financial institution or stock of a securities firm (the determination of whether the applicable stock is stock of a financial institution or a securities firm shall be in the sole discretion of the Bank) and (iii) if all or any part of a Loan was made for the purpose of "purchasing" or "carrying" any "margin stock" within the respective meanings of each of the quoted terms under Regulation U of the Board of Governors of the Federal Reserve System as now and from time to time hereafter in effect.
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Eligible Securities Collateral. The following types of marketable securities that are subject to a first priority perfected security interest in favor of the Agent for the ratable benefit of the Lenders and for which there can be obtained a publicly quoted fair market value: U.S. Treasury Obligations; Municipal Bonds; stocks and bonds listed on the New York Stock Exchange; stocks and bonds listed on NASDAQ; and over the counter listed stocks and bonds; provided, however, that (a) no bond shall come within this definition of "Eligible Securities Collateral" unless it is of investment grade; which shall mean such bond has a BBB or better rating from Standard and Poor's Corporation or a BAA or better rating from Xxxxx'x Investment Services, Inc.; and (b) no stock shall come within this definition of "Eligible Securities Collateral" (i) unless it is publicly traded and has a publicly reported fair market value and may be freely traded by the owner thereof; (ii) if it is stock of a financial
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Examples of Eligible Securities Collateral in a sentence

  • Brokerage Contracts and obligations arising in connection with the Cross Margined JGB Futures Cleared Contracts related to such Clearing Participant upon JSCC’s determination of the Clearing Participant Default, taking into consideration the creditworthiness of a Clearing Participant, and to the extent necessary, JSCC may increase the haircut applied to the valuation of Eligible Securities Collateral.

  • A Customer shall deposit with JSCC Cash or Eligible Securities Collateral in an amount not less than the Required Intraday Margin in relation to a Customer’s Cleared Contract for such Customer as Initial Margin.

  • Where a Clearing Participant deposits Japanese Government Bonds with JSCC as Eligible Securities Collateral, whether for itself or as agent for a Customer, the Clearing Participant shall deposit such securities through a book-entry transfer to the account in the name of JSCC opened with the Bank of Japan under the Act on Transfer of Bonds, Shares, etc.

  • A Customer shall deposit with JSCC Cash or Eligible Securities Collateral in an amount not less than the Required Initial Margin in relation to the Customer’s Cleared Contracts for such Customer as Initial Margin.

  • A Clearing Participant shall deposit with JSCC Cash or Eligible Securities Collateral in an amount not less than the Required Intraday Margin in relation to a Proprietary Cleared Contract as Initial Margin.

  • Application of Item (3) to Eligible Securities Collateral deposited as Customer Initial Margin:The provisions of Item (3) above shall apply mutatis mutandis to Eligible Securities Collateral deposited with a Clearing Broker by a Customer as Customer Initial Margin.

  • The prices used to determine the value of Eligible Securities Collateral shall be specified by JSCC19; provided that JSCC may change such prices temporarily when JSCC deems it necessary for proper valuation, including without limitation in the event of a significant change to market price.

  • Deposits of IRS Clearing Fund shall be deemed to be deposits for consumption ( shohi kitaku) for collateral purpose in the case of the IRS Clearing Fund in the form of Cash; and loans for consumption (shohi taishaku) free of charge for collateral purpose in the case of the IRS Clearing Fund in the form of Eligible Securities Collateral.

  • Four articles, two each, came from the English Wikipedia and the Simple English Wikipedia.

  • In such case, the Clearing Broker shall deposit with JSCC, as Substituted Initial Margin, Cash or Eligible Securities Collateral in an amount not less than the Customer Initial Margin deposited by the Customer with such Clearing Broker.


More Definitions of Eligible Securities Collateral

Eligible Securities Collateral means all Securities Collateral in respect of which the following is true and correct:
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Eligible Securities Collateral means financial assets held in the Securities Accounts which are subject to a first priority security interest in favor of the Agent (for the benefit of the Banks) consisting of (a) certificates of deposit, (b) money market funds, (c) commercial paper with a maturity of less than one (1) year with an investment grade rating of not less than A from a Rating Agency, (d) Governmental Obligations, (e) municipal bonds with a maturity of not more than three (3) years with an investment grade rating of not less than A from a Rating Agency and (f) corporate bonds with a maturity less than three (3) years with an investment grade rating of not less than AA from a Rating Agency.
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Related to Eligible Securities Collateral

  • Securities Collateral means, collectively, the Pledged Securities, the Intercompany Notes and the Distributions.

  • Eligible Securities means those securities which are identified as permissible securities for a particular Transaction Category.

  • Notes Collateral means any and all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any Notes Obligations.

  • Ineligible Securities means securities which may not be underwritten or dealt in by member banks of the Federal Reserve System under Section 16 of the Banking Act of 1933 (12 U.S.C. Section 24, Seventh), as amended.

  • Stock Collateral means, collectively, the Collateral described in clauses (a) through (c) of Section 3 hereof and the proceeds of and to any such property and, to the extent related to any such property or such proceeds, all books, correspondence, credit files, records, invoices and other papers.

  • Available Securities means the securities of the Funds that are available for Loans pursuant to Section 3.

  • Eligible Securities Depository has the meaning set forth in section (b)(1) of Rule 17f-7.

  • Liquid Securities means securities that are publicly traded on the New York Stock Exchange, NYSE MKT, the Nasdaq Stock Market or any other regulated stock exchange in the United States, Canada, Europe or Australia (or any of their successors) and as to which the Company is not subject to any restrictions on sale or transfer (including any volume restrictions under Rule 144 under the Securities Act or any other restrictions imposed by the Securities Act) or as to which a registration statement under the Securities Act covering the resale thereof is in effect for as long as the securities are held; provided that securities meeting such requirements shall be treated as Liquid Securities from the date of receipt thereof until and only until the earlier of (a) the date on which such securities are sold or exchanged for cash or Cash Equivalents and (b) 180 days following the date of receipt of such securities. If such securities are not sold or exchanged for cash or Cash Equivalents within 180 days of receipt thereof, for purposes of determining whether the transaction pursuant to which the Company or a Restricted Subsidiary received the securities was in compliance with Section 4.12 , such securities shall be deemed not to have been Liquid Securities at any time.

  • Notes Collateral Agent means such successor collateral agent, and the retiring Notes Collateral Agent’s appointment, powers and duties as the Notes Collateral Agent shall be terminated. After the retiring Notes Collateral Agent’s resignation hereunder, the provisions of this Section 12.08 (and Section 7.07) shall continue to inure to its benefit and the retiring Notes Collateral Agent shall not by reason of such resignation be deemed to be released from liability as to any actions taken or omitted to be taken by it while it was the Notes Collateral Agent under this Indenture.

  • Receivables Collateral That portion of the Collateral which consists of Accounts, Accounts Receivable, General Intangibles, Chattel Paper, Instruments, Documents of Title, Documents, Investment Property, Payment Intangibles, Letter-of-Credit Rights, bankers' acceptances, and all other rights to payment.

  • Permitted Securities means any of the following:

  • Unrestricted Securities means one or more Securities that do not and are not required to bear the Private Placement Legend in the form set forth in Exhibit A hereto, including, without limitation, the Exchange Securities and any Securities registered under the Securities Act pursuant to and in accordance with the Registration Rights Agreement.

  • U.S. Collateral means any and all property owned, leased or operated by a Person covered by the U.S. Collateral Documents and any and all other property of any U.S. Loan Party, now existing or hereafter acquired, that may at any time be or become subject to a security interest or Lien in favor of the Administrative Agent to secure the Secured Obligations.

  • Specified Securities means ‘equity shares’ and ‘convertible securities’ as defined under clause (zj) of sub-regulation (1) of regulation 2 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009;

  • Eligible Security means a security that:

  • Registerable Securities means the shares of Common Stock issued or issuable upon exercise of the Warrants.

  • Excess Collateral has the meaning set forth in Section 5.7.

  • uncertificated securities means securities as defined in the Securities Services Act which are by virtue of the Companies Act transferable without a written instrument and are not evidenced by a certificate;

  • Permitted Security Interests means (i) any Security Interest for taxes, assessments or governmental charges or levies which relate to obligations not yet due and delinquent, (ii) easements, servitudes, encroachments and other minor imperfections of title which do not, individually or in the aggregate, detract from the value of or impair the use or marketability of any real property, and (iii) undetermined or inchoate Security Interests arising or potentially arising under statutory provisions which have not at the relevant time been filed or registered in accordance with applicable laws or of which written notice has not been given in accordance with applicable laws;

  • Approved Securities means securities of any State Government or of the Central Government and such bonds, both the principal whereof and the interest whereon shall have been fully and unconditionally guaranteed by any such Government;

  • Qualified Securities means securities of a reporting issuer that carry the right to participate in voting on the appointment or removal of the reporting issuer’s auditor;

  • CHESS Approved Securities means securities of the Company for which CHESS approval has been given in accordance with the ASX Settlement Operating Rules;

  • Threshold Event Collateral shall have the meaning assigned to such term in Section 5(g).

  • Exchangeable Securities means any securities of any trust, limited partnership or corporation other than the Trust that are convertible or exchangeable directly for Units without the payment of additional consideration therefore;

  • Equity Collateral shall have the meaning set forth in Section 11.6 hereof.

  • Controlled Securities Account means each securities account (including all financial assets held therein and all certificates and instruments, if any, representing or evidencing such financial assets) that is the subject of an effective Control Agreement.