Financial Collateral Act definition

Financial Collateral Act means the Norwegian Financial Collateral Act of 26 March 2004 No. 17 (in Norwegian: "lov om finansiell sikkerhetsstillelse") as amended from time to time.
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Financial Collateral Act means the Act of 15 December 2004 on financial collateral (Wet van 15 December 2004 betreffende financiële scherheden/ Loi du 15 décembre 2004 relative aux sûretés financières), as amended from time to time.
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Financial Collateral Act means the Act on Financial Collateral Arrangements no. 17 of 26 March 2004 (lov om finansiell sikkerhetsstillelse);
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Examples of Financial Collateral Act in a sentence

  • Moreover, the Financial Collateral Act allows the Security Agent to enforce its pledge on the Loans notwithstanding any bankruptcy proceedings relating to the Issuer, provided there has been a default of payment under the Notes.

  • The pledge granted by the Pledgor over Eligible Collateral Assets in favour of the Secured Party under the Belgian Collateral Security Agreement will be granted, and, as the case may be, enforced, in accordance with the provisions of Article 4 of the Belgian Financial Collateral Act implementing the Collateral Directive.

  • In such case, the Client shall provide AKCENTA with any and all cooperation required for the exercise of its right to satisfaction from Financial Collateral in accordance with the provisions of Section 17 of the Financial Collateral Act.

  • However, pursuant to Article L.211-38-I of the French Monetary and Financial Code (Code monétaire et financier) and Article 4 of the Belgian Act of 15 December 2004 on Financial Collateral (the "Belgian Financial Collateral Act"), the Collateral Security is enforceable, even if the Borrower is the subject of any such proceedings.

  • To secure the above specified Secured Claims, the Client and AKCENTA hereby agree upon Financial Collateral within the meaning of the Financial Collateral Act, having the nature of a pledge over the Financial Collateral in favor of AKCENTA.

  • For shares (and bonds) registered in the Norwegian Central Securities Depository (VPS), the sale shall as a general rule be made through an independent broker.’ If security over shares fall within the scope of the Norwegian Financial Collateral Act (17/2004), the enforcing party may take possession of the shares subject to prior agreement between the chargor and the secured party.

  • The shares of the Company owned by Viva Telecom Bulgaria EAD are also pledged in favour of the bondholders in accordance with the Agreements on Financial Collateral Act.

  • The Austrian adoption of the Collateral Directive provided that the Financial Collateral Act is applicable in case of "professional players in the financial markets" like banks, central banks, public financing agencies and the like, but not for "ordinary" companies and private persons (section 2 of the Financial Collateral Act based on the option provided in article 3 of the Collateral Directive).

  • The shares of the Company owned by Viva Telecom Bulgaria EAD are pledged to secure the obligations of the majority shareholder and the Company to the lenders under the loan agreement in accordance with the Agreements on Financial Collateral Act.

  • For professional clients not being physical persons, the pledge will be executed according to the Financial Collateral Act section 4 on a right-of-use basis.


More Definitions of Financial Collateral Act

Financial Collateral Act means the Norwegian Financial Collateral Act of 26 March 2004 No. 17 (in Norwegian: " lov om finansiell sikkerhetsstillelse") as amended from time to time.
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Financial Collateral Act meansshall mean the Act of 15 December 2004 on financial collateral (Wet van 15 December 2004 betreffende financiële scherheden/ Loi du 15 décembre 2004 relative aux sûretés financières), as amended from time to time.
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Financial Collateral Act means the N01wegian Financial Collateral Act of 26 March 2004 no. 17.
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Related to Financial Collateral Act

  • Cash Collateral Accounts shall have the meaning given such term in Section 9(a).

  • Additional Collateral Any of the following held, in addition to the related Mortgaged Property, as security for a Mortgage Loan: (i) all money, securities, security entitlements, accounts, general intangibles, payment rights, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description now existing or hereafter acquired which is pledged as security for the repayment of such Mortgage Loan, (ii) third-party guarantees, and (A) all money, securities, security entitlements, accounts, general intangibles, payment rights, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description now existing or hereafter acquired which is pledged as collateral for such guarantee or (B) any mortgaged property securing the performance of such guarantee, or (iii) such other collateral as may be set forth in the Series Supplement.

  • Canadian Collateral means any and all property of any Canadian Loan Party covered by the Collateral Documents and any and all other property of any Canadian 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 Canadian Secured Obligations.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Additional Collateral Documents as defined in the Base Intercreditor Agreement.

  • Current Asset Collateral means all the “ABL Priority Collateral” as defined in the ABL Intercreditor Agreement.

  • Swap Collateral Account means a single, segregated trust account in the name of the Indenture Trustee, which shall be designated as the “Swap Collateral Account” which shall be held in trust for the benefit of the Noteholders established pursuant to Section 4.8(e) of the Sale and Servicing Agreement.]

  • Initial Collateral Amount means $757,097,792, which equals the sum of (i) the Class A Note Initial Principal Balance, (ii) the Class B Note Initial Principal Balance, (iii) the Class C Note Initial Principal Balance and (iv) the Initial Excess Collateral Amount.

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • Credit Agreement Collateral Documents means the Security Agreement, the other Collateral Documents (as defined in the Credit Agreement) and each other agreement entered into in favor of the Credit Agreement Collateral Agent for the purpose of securing any Credit Agreement Obligations.

  • Letter of Credit Collateral Account means a special deposit account maintained by the Administrative Agent, for the benefit of the Administrative Agent, the Issuing Bank and the Lenders, and under the sole dominion and control of the Administrative Agent.

  • Facility LC Collateral Account is defined in Section 2.20.11.

  • Cash Collateral Account Agreement With respect to any Mortgage Loan, the cash collateral account agreement, if any, between the originator of such Mortgage Loan and the related Mortgagor, pursuant to which the related Cash Collateral Account, if any, may have been established.

  • Credit Agreement Collateral Agent has the meaning assigned to such term in the introductory paragraph of this Agreement.

  • Cash Collateral Account means a blocked account at a commercial bank specified by the Administrative Agent in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner reasonably satisfactory to the Administrative Agent.

  • Collateral Account is any Deposit Account, Securities Account, or Commodity Account.

  • L/C Cash Collateral Account means an interest bearing cash collateral account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • U.S. Collateral Agreement means the U.S. Guarantee and Collateral Agreement, as amended, supplemented or otherwise modified from time to time, in the form of Exhibit E, among Holdings, Intermediate Holdings, the U.S. Borrower, each Domestic Subsidiary Loan Party and the Collateral Agent.

  • Pledge Agreement Collateral means all "Collateral" as defined in the Pledge Agreement.

  • Letter of Credit Cash Collateral Account means a blocked deposit account at Bank of America with respect to which Borrower hereby grants a security interest in such account to Administrative Agent for and on behalf of Lenders as security for Letter of Credit Usage and with respect to which Borrower agrees to execute and deliver from time to time such documentation as Administrative Agent may reasonably request to further assure and confirm such security interest.

  • ABL Collateral Documents means all “Security Documents” as defined in the Original ABL Credit Agreement, and all other security agreements, mortgages, deeds of trust and other collateral documents executed and delivered in connection with any ABL Credit Agreement, and any other agreement, document or instrument pursuant to which a Lien is granted securing any ABL Obligations or under which rights or remedies with respect to such Liens are governed, in each case as the same may be amended, supplemented, waived or modified from time to time.

  • Foreign Collateral Documents means each agreement that creates or purports to create a Lien in favor of the Administrative Agent for the benefit of the Secured Parties in any Foreign Collateral.

  • Term Loan Priority Collateral as defined in the Intercreditor Agreement.

  • Term Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • UCC Collateral is defined in Section 3.03.

  • Proceeds Account Pledge Agreement means the pledge agreement entered into between the Issuer and the Agent on or prior to the First Issue Date in respect of a first priority pledge over the Proceeds Account and all funds held on the Proceeds Account from time to time, granted in favour of the Agent and the Bondholders (represented by the Agent).