Permissible Collateral definition

Permissible Collateral means Securities or cash which is determined by X-CLEAR to be permissible collateral for all components of the Collateral in accordance with the Financial Collateral Agreement – as described in greater detail in the Operational Manual and the Collateral Value Tables – and which is transferred to X-CLEAR in accordance with the Financial Collateral Agreement, irrespective of whether pursuant to X-CLEAR’s requirement or in excess of such requirement;
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Permissible Collateral means Cash and/or Securities that meet the requirements in accordance with the Operational Manual and its “Lending Norms” Annex.
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Permissible Collateral means Securities or cash determined by x-clear to be permissible collateral for Margin or Default Fund Contributions as further described in the Clearing Terms and in the Lending Norms;
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Examples of Permissible Collateral in a sentence

  • NCM with admitted Individual Clearing Member (ICM) status All Outstanding Contracts in the Clearing Accounts and Permissible Collateral in the Collateral Accounts held by the GCM on behalf of the NCM will be transferred to an active account structure established with the NCM now acting as an ICM.

  • SIX x-clear is thus following the principle that the law of the place in which the Permissible Collateral is actually placed or held in an account shall apply ("lex rei sitae").

  • Porting all omnibus positions and assets to a Backup GCM All Outstanding Contracts in the Clearing Accounts and Permissible Collateral in the Collateral Accounts held by the GCM on behalf of the NCMs will be transferred as a whole package (“bulk transfer”) to an active account structure established with the Back-up GCM.

  • If a Member wishes to replace the Margin Deposits, the new Permissible Collateral must be delivered prior to withdrawing the old Permissible Collateral.

  • If a Member wishes to replace Securities and/or Currencies deposited for the purpose of the Link Margin Element, the new Securities and/or Currencies must be delivered prior to withdrawing the old Securities and/or Currencies (see chapter 4.0 Permissible Collateral).

  • The types and the release of Permissible Collateral and their respective values are specified in chapter 5.0 Account structures of this Operational Manual.

  • This shall be achieved, in the case of NCMs, by transferring Outstanding Contracts and Permissible Collateral (provided as Margin) to another Member (“Back-up GCM”) in accordance with the Contractual Relationship.

  • The scope of Portability is limited to Outstanding Contracts in the Clearing Accounts and Permissible Collateral in the Collateral Accounts (whether Cash or Securities), which are recorded in an individual account segregated for the relevant NCM (Segregated Account).

  • Permissible Collateral which is transferred from the Securities or Cash Collateral Account(s) to the Dispo Collateral Accounts shall be rounded down to the next smallest unit (for cash) or denomination (for Securities).

  • The amount of Permissible Collateral required to be provided by an x-clear Member is reviewed by x-clear on a regular basis to enable a prompt response to market developments and to any changes in an individual x-clear Member's situation.


More Definitions of Permissible Collateral

Permissible Collateral means Securities or cash which is determined by X-CLEAR to be permissible collateral for Margins, Link Margin Element, Default Fund Contributions, Default Fund Replenishment Contribution and Top-up Contribution as further described in the Clearing Terms and in the Lending Norms and which is transferred to X-CLEAR in accordance with the Financial Collateral Agreement(s) – irrespective of whether pursuant to X-CLEAR’s requirement or in excess of such requirement;
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Permissible Collateral means Yonkers' interests in the real property and improvements (but not including any Inventory or other personal property) located at the site of the Bradlees store located in Yonkers, New York (the "YONKERS LEASED PROPERTY"), and the proceeds of any disposition of the foregoing.
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Permissible Collateral means Yonkers' interests in the real property ---------------------- and improvements (but not including any Inventory or other personal property) located at the site of the Bradlees store located in Yonkers, New York (the "Yonkers Leased Property"), and the proceeds of any disposition of the ------------------------ foregoing.
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Related to Permissible Collateral

  • Eligible Collateral means, with respect to a party, the items, if any, specified as such for that party in Paragraph 13.

  • Acceptable Collateral means: (i) a Letter of Credit; and/or (ii) a cash amount (in pounds) transferred to the credit of a Reserve Account;

  • Applicable Collateral Agent means (i) until the earlier of (x) the Discharge of Credit Agreement and (y) the Non-Controlling Representative Enforcement Date, the Credit Agreement Collateral Agent and (ii) from and after the earlier of (x) the Discharge of Credit Agreement and (y) the Non-Controlling Representative Enforcement Date, the Collateral Agent for the Series of First Lien Obligations represented by the Major Non-Controlling Representative.

  • Hedge Collateral Defined in Section 5.3(b).

  • Mortgage Collateral the “Collateral” as defined in the Mortgage Loan Agreement.

  • Collateral has the meaning specified in the Granting Clause of this Indenture.

  • Indenture Collateral has the meaning set forth in the Granting Clause of the Indenture.

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

  • Senior Collateral means any “Collateral” as defined in any Credit Agreement Loan Document or any other Senior Debt Document or any other assets of the Company or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Senior Collateral Document as security for any Senior Obligations.

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

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

  • Pledged or Controlled Collateral has the meaning assigned to such term in Section 5.05(a).

  • Swap Collateral means, at any time, any asset (including, without limitation, cash and/or securities) which is paid or transferred by a Swap Provider to the Guarantor (and not transferred back to the Swap Provider) as credit support to support the performance by such Swap Provider of its obligations under the relevant Swap Agreement together with any income or distributions received in respect of such asset and any equivalent of such asset into which such asset is transformed; for greater certainty, Contingent Collateral shall at all times be excluded from Swap Collateral;

  • UCC Collateral is defined in Section 3.03.

  • 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.

  • Released Mortgaged Property Proceeds As to any Mortgage Loan, proceeds received by the Servicer in connection with (a) a taking of an entire Mortgaged Property by exercise of the power of eminent domain or condemnation or (b) any release of part of the Mortgaged Property from the lien of the related Mortgage, whether by partial condemnation, sale or otherwise, which are not released to the Mortgagor in accordance with applicable law and mortgage servicing standards the Servicer would use in servicing mortgage loans for its own account and this Agreement.

  • Borrower Collateral means all of Borrower's now owned or hereafter acquired right, title, and interest in and to each of the following:

  • 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.

  • Counterparty Downgrade Collateral Account means an interest-bearing account of the Issuer with the Custodian into which all Counterparty Downgrade Collateral is to be deposited.

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

  • Possessory Collateral means any Shared Collateral in the possession of a Collateral Agent (or its agents or bailees), to the extent that possession thereof perfects a Lien thereon under the Uniform Commercial Code of any jurisdiction. Possessory Collateral includes, without limitation, any Certificated Securities, Promissory Notes, Instruments, and Chattel Paper, in each case, delivered to or in the possession of the Collateral Agent under the terms of the First-Lien Security Documents.

  • Second Priority Collateral means any “Collateral” as defined in any Second Priority Debt Document or any other assets of the Borrower or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Second Priority Collateral Document as security for any Second Priority Debt Obligation.

  • Shared Collateral means, at any time, Collateral in which the holders of two or more Series of First-Lien Obligations hold a valid and perfected security interest at such time. If more than two Series of First-Lien Obligations are outstanding at any time and the holders of less than all Series of First-Lien Obligations hold a valid and perfected security interest in any Collateral at such time, then such Collateral shall constitute Shared Collateral for those Series of First-Lien Obligations that hold a valid security interest in such Collateral at such time and shall not constitute Shared Collateral for any Series which does not have a valid and perfected security interest in such Collateral at such time.

  • Priority Collateral means the ABL Priority Collateral or the Term Priority Collateral, as applicable.

  • ABL Collateral means 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 ABL Obligations.