Financial Collateral Law definition

Financial Collateral Law means the Luxembourg law of 5 August 2005 on financial collateral arrangements, as amended.
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Financial Collateral Law means the Luxembourg law of 5 August 2005 on financial collateral arrangements.
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Financial Collateral Law means the Belgian Law of 15 December 2004 on financial collateral arrangements.
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Examples of Financial Collateral Law in a sentence

  • In order to secure payment of the Secured Claim, the Pledgor hereby establishes in favour of the Pledgee the financial pledge over the Shares up to the maximum secured amount of 455,000,000 EUR in accordance with the relevant provisions of the Specific Financial Collateral Law (“Financial Pledge”).

  • The Financial Collateral Law contains no provision on the type of consideration which should be obtained for the pledged assets nor on the moment of payment.

  • For the avoidance of doubt, this Clause 3(1)(b) shall be construed as creating, in respect of the Cash, a security interest for the benefit of the IM-Security Receiver under the Financial Collateral Law.

  • Upon the occurrence of an Event of Default and provided that such Event of Default is continuing, the Collateral Agent shall be entitled to realise the Pledged Accounts Claims in the most favourable manner provided for by Luxembourg law and in particular the Financial Collateral Law.

  • The Parties agree and acknowledge that the new IM-Collateral transferred into the IM-Accounts after a Substitution is equivalent to the IM-Collateral which is replaced, for purposes of the Financial Collateral Law.

  • In cases when the pledge is registered under the Financial Collateral Law , a financial pledgee is entitled to freely dispose of the financial pledge observing the provisions and conditions of the financial pledge arrangement, without performance of any additional procedures.

  • In particular, but without limitation, the Collateral Agent shall be entitled to request direct payment of the Pledged Accounts Claims from the Account Bank and the Collateral Agent may proceed to a set-off between the Pledged Accounts Claims and the Secured Obligations in accordance with the terms of Article 11(3) and 11(1) (d) of the Financial Collateral Law.

  • Costs – depend on pricing of the particular bank; term of granting – depends on the service of the particular bank; special consideration – there are particular provisions in the Financial Collateral Law to consider pledge as financial collateral.

  • Following the occurrence of an Event of Default which is continuing, the Collateral Agent may, by giving a written notice to this effect to the Pledgor and the Company, elect to exercise the voting rights attaching to the Shares in accordance with the provisions of Article 9 of the Financial Collateral Law in any manner the Collateral Agent deems fit (including for the avoidance of doubt, in relation to the removal and appointment of members of the supervisory board of the Company).

  • As continuing security for the full discharge and payment of the Secured Liabilities, the IM-Security Provider hereby grants to the IM-Security Receiver a first ranking pledge (gage de premier rang) over the Charged Assets, in accordance with the Financial Collateral Law.


More Definitions of Financial Collateral Law

Financial Collateral Law means the Belgian Law of 15 December 2004 on financial collateral arrangements (Loi relative aux sûretés financières et portant des dispositions fiscales diverses en matière de conventions constitutives de sûreté réelle et de prêts portant sur des instruments financiers / Wet betreffende financiële zekerheden en houdende diverse fiscale bepalingen inzake zakelijke- zekerheidsovereenkomsten en leningen met betrekking tot financiële instrumenten).
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Financial Collateral Law means the Luxembourg law of 5 August 2005 on financial collateral arrangements (Loi du 5 août 2005 sur les contrats de garantie financière), as amended from time to time;
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Financial Collateral Law means the Belgian law of 15 December 2004 on financial collaterals.
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Financial Collateral Law means the Luxembourg law of 5 August 2005 on financial collateral arrangements. "IM-Charged Custody Account" (IM-Pfanddepot)
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Financial Collateral Law means Polish Law of 2 April 2004 on the Certain Financial Collateral (Dz.U. No. 91, item 871, as amended).
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Related to Financial Collateral Law

  • Initial Collateral Amount means $1,000,000,000, 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.

  • 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.

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

  • Additional Collateral Loan Each Mortgage Loan that is supported by Additional Collateral.

  • 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.

  • Collateral Proceeds means the Liquidation Proceeds of the Relevant Collateral or any Undeliverable Assets forming part of the Relevant Collateral (as the case may be) denominated in the Settlement Currency.

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

  • Canadian Collateral means any and all property owned, leased or operated by a Person covered by the Canadian 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.

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

  • Collateral Value The appraised value of a Mortgaged Property based upon the lesser of (i) the appraisal (as reviewed and approved by the Seller) made at the time of the origination of the related Mortgage Loan, or (ii) the sales price of such Mortgaged Property at such time of origination. With respect to a Mortgage Loan the proceeds of which were used to refinance an existing mortgage loan, the appraised value of the Mortgaged Property based upon the appraisal (as reviewed and approved by the Seller) obtained at the time of refinancing.

  • 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.]

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

  • Collateral and Guarantee Requirement means, at any time, the requirement that:

  • Collateral Proceeds Account a non-interest bearing cash collateral account established and maintained by the relevant Grantor at an office of the Collateral Account Bank in the name, and in the sole dominion and control of, the Collateral Agent for the benefit of the Secured Parties.

  • Facility LC Collateral Account is defined in Section 2.20.11.

  • Second Priority Collateral Documents means the Noteholder Collateral Documents and any other agreement, document or instrument pursuant to which a Lien is now or hereafter granted securing any Second Priority Claims or under which rights or remedies with respect to such Liens are at any time governed.

  • 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.

  • First Priority Collateral means all assets, whether now owned or hereafter acquired by the Borrower or any other Loan Party, in which a Lien is granted or purported to be granted to any First Priority Secured Party as security for any First Priority Obligation.

  • UCC Collateral is defined in Section 3.03.

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

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

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

  • Reallocated Collateral Principal Collections means, with respect to any Transfer Date, Collections of Principal Receivables applied in accordance with subsections 4.12(a) and (b) in an amount not to exceed the product of (a) the Collateral Allocation with respect to the Monthly Period relating to such Transfer Date and (b) the Investor Percentage with respect to the Monthly Period relating to such Transfer Date and (c) the amount of Collections of Principal Receivables with respect to the Monthly Period relating to such Transfer Date; provided, however, that such amount shall not exceed the Collateral Interest after giving effect to any Collateral Charge-Offs for such Transfer Date.

  • 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.

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

  • 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).