Examples of Qualifying Collateral in a sentence
If Borrower is required to specify and pledge or deliver Collateral pursuant to Sections 3.4 and 3.5 hereof, such audit report shall refer only to such Qualifying Collateral that is so specified, pledged, delivered, or held by the Bank as of the date of such audit report.
The Obligors shall provide, as soon as practicable, prior written notice to the Lender Agent of any proposed Approved Additional Collateral (other than US Mortgage Loans) which they request to be added to the Qualifying Collateral.
In order for an eNote to be Qualifying Collateral used in the determination of Borrower’s compliance with the Collateral Maintenance Level under the Agreement, (a) the eNote must be registered on the eRegistry, (b) the eRegistry must name the Bank in the Secured Party Field and Location Field with respect to such eNote, and (c) the Borrower must satisfy all other requirements contained in the Bank’s Member Products and Credit Policy (the “Policy”) and related documentation.
If the Member is required to specify or deliver Collateral pursuant to Sections 3.04 or 3.05 hereof, such audit report shall refer only to Qualifying Collateral that is so specified or is held by the FHLBNY as of the date of such audit report.
For purposes of preparing each Collateral Value Report, the Borrowers shall calculate the Collateral Value of the Qualifying Collateral in accordance with Schedule 2.04.