Repo Assets definition

Repo Assets means assets that are "liquid assets” under 12 CFR 523.10 or assets that would be so "liquid” but for their remaining term to maturity,

Repo Assets means (i) if a party acts as buyer under a Repurchase Transaction, the securities or other financial instruments that have been sold to such party in exchange for payment of the purchase price under such Repurchase Transaction; or (ii) if a party acts as seller under a Repurchase Transaction, the cash amount that has been received by such party as the purchase price for the securities or other financial instruments sold by such party under such Repurchase Transaction;

Repo Assets mean all properties, assets, privileges, powers, rights, interests and claims of every type and description that are owned, leased, held, used or useful in the REPO business and in which REPO or any of its Subsidiaries has any right, title or interest or in which REPO or any of its Subsidiaries acquires any right, title or interest on or before the Closing Date, or Extended Closing Date, wherever located, whether known or unknown, and whether or not now or on the Closing Date on the books and records of REPO or any of its Subsidiaries.

Examples of Repo Assets in a sentence

• The finding that LCPI’s repurchase of Repo Assets was “pursuant to the MRA” is supported by the fact that the MRA required and provided for repurchase of those assets, and that the MRA was terminated pursuant to the compromise.

• The Seller shall not deposit or otherwise credit, or cause or permit to be so deposited or credited, to any Seller Collection Account any amounts other than Collections or proceeds thereof; provided, that, so long as the Repo Account Acknowledgment Agreement is in place, proceeds of Repo Assets may be deposited or credited to a Lockbox, a Collection Account or an Originator Specified Account.

• As a result, Ernest & Young was sued by the State of New York – Attorney General Andrew Cuomo for allegedly ‘aiding and abetting’ Lehman Brothers because the obligation to repurchase the Repo Assets was not disclosed in the audited Financial Statements (“Cuomo sues Ernest & Young ...”, 2010, para 1).

• From time to time the parties hereto may enter into transactions in which Seller agrees to transfer to Buyer Eligible Repo Assets against the transfer of funds by Buyer, with a simultaneous agreement by Buyer to transfer to Seller such Eligible Repo Assets at a date certain or on demand, against the transfer of funds by Seller.

• After substitution, the substituted Eligible Repo Assets shall be deemed to be Purchased Repo Assets.

• One percent (1.00%) over the Pricing Rate On the day after the Targeted Repurchase Date , an amount equal to one hundred percent (100%) of the remaining unpaid Purchase Price for such Purchased Repo Assets not repurchased.

• Continuant will identify critical components in Customers’ environment and define key events for the specific system components.

• Examples Figure 6 mREITs in Existence, Issuance of Securitized Mortgages, Repo, Assets, and Major Federal Policies Sources: SNL Financial, SIFMA, Flow of Funds, and Richmond Fed.

• Notwithstanding paragraphs 5.4.1, 5.4.2 and 5.4.3, the relevant Transferring Entity and the Transferee may agree in relation to the transfer of one or more Transferring Repurchase Transactions that the Transferring Entity shall not in practice transfer Repo Assets, Cash Margin and/or Margin Securities to the Transferee.

• Neither the selling of the Eligible Repo Assets or any other Repo Assets to Buyer hereunder nor the use of the proceeds thereof will violate the Trading with the Enemy Act, as amended, or any of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) or the Anti-Terrorism Order or any enabling legislation or executive order relating to any of the same.

More Definitions of Repo Assets

Repo Assets means , collectively and severally, all now existing and hereafter arising right, title and interest of Seller, of every kind and nature, in, under and to each of the following: