Security Receipts definition

Security Receipts means a security as defined in clause (zg) of section 2 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (54 of 2002)
Sample 1Sample 2Sample 3
Security Receipts means a security as defined in clause (zg) of section 2 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (54 of 2002) c. ‘Securitized debt instrument’ means securities of the nature referred to in sub-clause (ie) of clause (h) of section 2 of the Securities Contracts (Regulation) Act, 1956(42 of 1956).
Sample 1

Examples of Security Receipts in a sentence

  • The Banks investment in Equities (including Preference Shares, Investment in Security Receipts, Venture Capital Units and Convertibles) are part of the investment in shares as part of the overall lending under Project Finance, Strategic Investments as well as Financial Investments.

  • Further the Securitization Company or Reconstruction Company shall invest in the Security Receipts issued by the trust set up for the purpose of securitization, an amount not less than 5% of the book value of the loan under each scheme if the loan is with original maturity of 24 months or less and 10% of the book value of the loan the loan is with original maturity of above 24 months.

  • Listing of Securitised Debt Instruments and Security Receipts) Regulations, 2008]4, as may be applicable; (w)"promoter" and "promoter group" shall have the same meaning as assigned to them respectively in clauses (za) and (zb) of sub-regulation (1) of regulation 2 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009.

  • The Investors’ recovery in relation to the Debentures will be subject to: (i) the market value of the Security Receipts which is the primary Security for the issuance of the Debentures, and (ii) finding suitable buyers willing to purchase the Security at a price sufficient to repay the outstanding Secured Obligations.

  • The NARCL would have to pay a fee for this.The NARCL will purchase bad loans from banks under a 15:85 structure, where it will pay up to 15 per cent of the net asset value in cash and issue Security Receipts (SRs) for the rest.

  • PNB Investment Services Limited (PNB Trustee) has been appointed as escrow Trustee to hold in trust the Optionally convertible debentures (“OCDs”), the Security Receipts (“SRs”) and Equity shares of SIFL on behalf of assenting NCD Holders.

  • Instruments (i.e. Security Receipts, Optionally Convertible Debentures and Equity as eligible) will not be credited to the demat accounts of the NCD holders.

  • Banks in India routinely sell NPLs to a trust floated by ARCs using a sealed bid, first price auction and purchase Pass Through Certificates (referred as Security Receipts (SRs)) underlying such trust.

  • Being an SC/RC, the Company has invested in Security Receipts having underlying assets being Non-performing assets (NPAs) and has also lent money to borrowers having high credit risks.

  • Provision is recognised for diminution other than temporary in the value of such investments for each investment individually.Non-performing investments are identified and provision is recognised as per the RBI guidelines.4.6 Security Receipts (SR):Where sale of stressed asset results in a consideration lower than the value of the stressed assets net of provisions carried there against, the shortfall is debited to Profit & Loss account.

Related to Security Receipts

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

  • Senior Collateral Agent means Citicorp USA, Inc., in its capacity as Senior Collateral Agent under the Senior Collateral Documents, and its successors.

  • Security Assets means all of the assets of the Transaction Obligors which from time to time are, or are expressed to be, the subject of the Transaction Security.

  • Underlying Collateral means, with respect to a Loan Asset, any property or other assets designated and pledged or mortgaged as collateral to secure repayment of such Loan Asset, as applicable, including, without limitation, mortgaged property and/or a pledge of the stock, membership or other ownership interests in the related Obligor and all proceeds from any sale or other disposition of such property or other assets.

  • Collateral Agent Expenses means all accrued and unpaid expenses (including reasonable attorneys’ fees, costs and expenses) and indemnity amounts payable by the Borrower to the Collateral Agent under the Transaction Documents.

  • Collateral Security means security, other than a security interest in a motor vehicle that is the subject of an installment sale contract, that is given to secure performance of an obligation of the buyer, or of any surety or guarantor for the buyer, under an installment sale contract. The term includes the undertakings of any surety or guarantor for the buyer and any interest in, encumbrance on, or pledge of real or personal property other than the motor vehicle that is the subject of the installment sale contract.

  • Residual Receipts means for each calendar year, the amount by which Gross Revenue exceeds Annual Operating Expenses.

  • Guarantor Collateral all of the property (tangible or intangible) purported to be subject to the lien or security interest purported to be created by any security agreement, pledge agreement, assignment, mortgage, deed of trust or other security document heretofore or hereafter executed by any Guarantor as security for all or part of the Obligations or the Guarantees.

  • Pledged Revenues means all of the Series Pledged Revenues.

  • Negotiable Collateral means all of Borrower’s present and future letters of credit of which it is a beneficiary, drafts, instruments (including promissory notes), securities, documents of title, and chattel paper, and Borrower’s Books relating to any of the foregoing.

  • Security Collateral with respect to any Granting Party, means, collectively, the Collateral (if any) and the Pledged Collateral (if any) of such Granting Party.

  • Collateral Agent Fees means the fees due to the Collateral Agent pursuant to the Collateral Agent and Collateral Custodian Fee Letter.

  • Security Amount means an amount equal to:

  • Term Loan Collateral Agent means Credit Suisse, Cayman Islands Branch, as collateral agent for the lenders under the Term Loan Credit Agreement, together with its respective successors and permitted assigns under the Term Loan Credit Agreement exercising substantially the same rights and powers, or such other agent as may from time to time be appointed thereunder.

  • Basic Collateral Agency Agreement means the Amended and Restated Basic Collateral Agency Agreement, dated as of March 1, 2009, among Daimler Trust, the Administrative Agent, Daimler Title Co., as collateral agent, and MBFS USA, as lender and as servicer.

  • Trust Collateral Agent means such successor Person.

  • Equipment Notes means, at any time, the Series A Equipment Notes, the Series B Equipment Notes and the Series C Equipment Notes, collectively, and in each case, any Equipment Notes issued in exchange therefor or replacement thereof pursuant to the terms of the Indentures.

  • Security Agreement Collateral means all "Collateral" as defined in the Security Agreement.

  • Lien Certificate means, with respect to a Financed Vehicle, an original certificate of title, certificate of lien or other notification issued by the Registrar of Titles of the applicable state to a secured party which indicates that the lien of the secured party on the Financed Vehicle is recorded on the original certificate of title. In any jurisdiction in which the original certificate of title is required to be given to the Obligor, the term “Lien Certificate” shall mean only a certificate or notification issued to a secured party. For Financed Vehicles registered in states which issue confirmation of the lienholder’s interest electronically, the “Lien Certificate” may consist of notification of an electronic recordation, by either a third party service provider or the relevant Registrar of Titles of the applicable state, which indicates that the lien of the secured party on the Financed Vehicle is recorded on the original certificate of title on the electronic lien and title system of the applicable state.

  • rateable property means property on which the municipality may in terms of Section 2 of the Property Rates Act 2004 levy a rate, but excluding property fully excluded from the levying of rates in terms of Section 17 of that Act.

  • Collateral Agent as defined in the preamble hereto.

  • Fundserv Notes means Notes purchased through Fundserv.

  • Collateral Agency Agreement means that certain Collateral Agency Agreement dated as of the Effective Date among the Collateral Agent, the Administrative Agent and the Term Loan Administrative Agent, as the same may be amended, restated, amended and restated, supplemented or otherwise modified or replaced from time to time.

  • Lockbox Accounts means the accounts maintained by Borrower at the Lockbox Banks into which all collections or payments on their Accounts and other Collateral are paid.

  • Collateral Agent Fee means the fee payable to the Collateral Agent in arrears on each Quarterly Payment Date in an amount specified in the Collateral Agent Fee Letter.

  • Lockboxes has the meaning set forth in Section 2.7.