Examples of Delivered Collateral in a sentence
If the aggregate of the Outstanding Principal Amount of the Notes at any time is an amount equal to zero, this Transaction will terminate upon the delivery of the Delivered Collateral by Party B to Party A in respect of outstanding Cash Settlement Amounts pursuant hereto and no further payment (including any payments in respect of 6(e) of the Agreement) or other obligation will be due from a party to the other in respect of this Transaction.
On each Cash Settlement Date (as defined in the Default Swap) in respect of a Credit Event (as defined in the Default Swap), the Outstanding Principal Amount of each Note shall be reduced by an amount in USD (a “Principal Amount Reduction”) determined by the Swap Calculation Agent in respect of any Cash Settlement Date, as being an amount in USD equal to the nominal amount of the Delivered Collateral delivered on such Cash Settlement Date, divided by the number of Notes on such Cash Settlement Date.
If the aggregate Outstanding Principal Amount of the Notes at any time is an amount equal to zero, this Transaction will terminate upon the delivery of the Delivered Collateral, by Party B to Party A in respect of payments of Cash Settlement Amounts pursuant to the Default Swap (as more fully described therein), and no further payment (including any payments in respect of Section 6(e) of the Agreement) or other obligation will be due from one party to the other in respect of this Transaction.
If the aggregate of the Outstanding Principal Amounts of the Notes at any time is an amount equal to zero, this Transaction will terminate upon the delivery of the Delivered Collateral by Party B to Party A in respect of outstanding Cash Settlement Amounts pursuant hereto and no further payment (including any payments in respect of 6(e) of the Agreement) or other obligation will be due from a party to the other in respect of this Transaction.
On each Cash Settlement Date (as defined in the Default Swap) in respect of a Credit Event (as defined in the Default Swap), the Outstanding Principal Amount of each Note shall be reduced by an amount in USD (a “Principal Amount Reduction”) determined by the Swap Calculation Agent in respect of any Cash Settlement Date, as being an amount in USD equal to the nominal amount of the Delivered Collateral deliveredon such Cash Settlement Date, divided by the number of Notes on such Cash Settlement Date.
In no event shall Party B be liable to deliver Delivered Collateral having a nominal amount greater than the Class B Tranche Amount.
After execution of a Secured Delivered Collateral Loan by Secured Borrower, and as a condition precedent to the release of the proceeds of such Secured Delivered Collateral Loan to Secured Borrower, Secured Borrower shall Deliver pursuant to the Standard Pledge Eligible Collateral having an aggregate Value at least equal to the principal amount plus the Premium Amount of the Secured Delivered Collateral Loan.
With respect to any Secured Delivered Collateral Loan, it shall be a condition precedent for the Secured Lender’s obligation under these Standard Terms that the Secured Borrower has Delivered pursuant to the Standard Pledge Eligible Collateral in accordance with Section 1.5(b)(ii) hereof.
On each Cash Settlement Date (as defined in the Default Swap) in respect of a Credit Event under the Reference Swap, the Outstanding Principal Amount of each Note shall be reduced by an amount (a "Principal Amount Reduction") determined by the Swap Calculation Agent, in respect of any Cash Settlement Date, as being an amount in SGD equal to the nominal amount of the Delivered Collateral delivered on such Cash Settlement Date, divided by the number of Notes outstanding on such Cash Settlement Date.
Better Legal documentation: Single Loan Securitized Debt structures involve better legal documentation than Non Convertible Debenture (NCD) investments.