Repo Assets definition

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;
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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,
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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:
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Examples of Repo Assets in a sentence

  • 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.

  • 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.

  • 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.

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

  • Buyer shall not be obligated to take any action pursuant to the preceding sentence to the extent that such action would result in the creation of a Margin Deficit, unless prior thereto or simultaneously therewith Seller transfers to Buyer cash or Additional Repo Assets sufficient to eliminate such Margin Deficit.

  • Seller shall be, at the time it sells any Repo Assets to Buyer under any Transaction, the legal and beneficial owner of such Repo Assets free and clear of any Lien except for the security interest created by this Agreement.

  • Upon request by Seller, Buyer shall promptly notify the Custodian to transfer custody of the applicable Purchased Repo Assets to Seller pursuant to the Custody Agreement after Buyer has confirmed its receipt of the Repurchase Price therefor.

  • Upon request by Seller, Buyer shall transfer custody of the applicable Purchased Repo Assets to Seller after Buyer has confirmed its receipt of the Repurchase Price therefor.

  • If Seller should discover that, for any reason whatsoever, Seller or any entity responsible to Seller for managing or servicing any such Purchased Repo Asset has failed to perform fully Seller’s obligations under the Repurchase Facility Documents or any of the obligations of such entities with respect to the Purchased Repo Assets, Seller shall promptly notify Buyer.

  • Without limiting the foregoing, Seller will comply with all rules, regulations and other laws of any Governmental Authority and cause the Repo Assets to comply with all applicable rules, regulations and other laws.


More Definitions of Repo Assets

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.
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Related to Repo Assets

  • Portfolio Assets means all Loan Assets owned by the Borrower, together with all proceeds thereof and other assets or property related thereto, including all right, title and interest of the Borrower in and to:

  • Excluded Assets has the meaning set forth in Section 2.2.

  • Permitted Assets means any and all properties or assets that are used or useful in a Permitted Business (including Capital Stock in a Person that is a Restricted Subsidiary and Capital Stock in a Person whose primary business is a Permitted Business that shall become a Restricted Subsidiary immediately upon the acquisition of such Capital Stock by the Issuer or by a Restricted Subsidiary, but excluding any other securities).

  • Acquisition Assets With respect to an Acquisition, the aggregate net assets as of the effective date of such Acquisition of all Acquired Funds.

  • Qualified Assets means any of the following assets: (i) interests, rights, options, warrants or convertible or exchangeable securities of the Partnership; (ii) Debt issued by the Partnership or any Subsidiary thereof in connection with the incurrence of Funding Debt; (iii) equity interests in Qualified REIT Subsidiaries and limited liability companies (or other entities disregarded from their sole owner for U.S. federal income tax purposes, including wholly owned grantor trusts) whose assets consist solely of Qualified Assets; (iv) up to a one percent (1%) equity interest in any partnership or limited liability company at least ninety-nine percent (99%) of the equity of which is owned, directly or indirectly, by the Partnership; (v) cash held for payment of administrative expenses or pending distribution to security holders of the General Partner or any wholly owned Subsidiary thereof or pending contribution to the Partnership; and (vi) other tangible and intangible assets that, taken as a whole, are de minimis in relation to the net assets of the Partnership and its Subsidiaries.