Required Collateral Value definition

Required Collateral Value shall have the meaning given in paragraph 5.4;

Required Collateral Value means the sum of the amounts calculated in respect of each Series of Secured Notes on the Multiple Series Collateral Pool as follows: the product of (i) the Secured Note Market Value of the relevant Series of Secured Notes, (ii) the Collateralisation Percentage (as defined below) and (iii) the number of outstanding Notes in such Series of Secured Notes held by Noteholders other than Société Générale.

Required Collateral Value means, in respect of a Collateral Pool and a Collateral Test Date:

Examples of Required Collateral Value in a sentence

• Investors, nevertheless, will be exposed to the difference between the Required Collateral Value and the Collateral Value prior to any such adjustment.

• Nevertheless, it is tolerated that the Collateral Value can be 3 per cent lower than the Required Collateral Value in order to avoid numerous transfers of Collateral Assets to and from the Collateral Pool for small values and/or quantities and consequently avoid the costs that would be associated with such transfers.

• Consequently, everything else being equal, the Secured Note Market Value may decrease when SG Issuer's and the Guarantor's creditworthiness deteriorates and so may the Required Collateral Value and the Collateral Value whereas, following an Event of Default, the Market Value determined by the Calculation Agent in accordance with Condition 5.9 of the General Terms and Conditions of the Notes, will not decrease.

• It is tolerated that the Collateral Value can be 3 per cent lower than the Required Collateral Value in order to avoid numerous transfers of Collateral Assets to and from the Collateral Pool for small values and/or quantities and consequently avoid the costs that would be associated with such transfers.

• Each of the Borrower and it Subsidiaries has taken all material actions and performed all of its material obligations that are necessary to maintain all material Licenses without adverse modification or impairment.

More Definitions of Required Collateral Value

Required Collateral Value means in respect of an Equity Contract Counterparty and Contract

Required Collateral Value means, as of any date of determination, the amount of the outstanding principal balance under the Settlement Note, including any PIK Interest Accrual Amount as defined in the Settlement Note.

Required Collateral Value means the aggregate of:

Required Collateral Value has the meaning ascribed thereto in Section 8.02 of this Mortgage Agreement; and

Required Collateral Value means, in respect of a specified collateral test date, the product of (i) the [insert Collateralisation Percentage], and (ii) the market value of a Security [less the direct and indirect costs to the issuer of unwinding or adjusting any underlying related hedging arrangements], and (iii) the number of outstanding Non-Inventory Collateralised Securities of such series.

Required Collateral Value means, unless otherwise specified in the relevant Pricing Supplement, in respect of a Relevant Series of Notes, on any day of determination, an amount expressed in the Transaction Currency that is equal to the principal amount outstanding of such Relevant Series (without having regard to any additional amounts that may be required to be paid in connection with any gross-up obligation in respect of such Relevant Series) on such date of determination;

Required Collateral Value means the amount of Eligible Collateral that is required to be posted at or to SECDEX by a Member in respect of an Account as further described at Rule 10;