Examples of New Collateral in a sentence
At any time, a Clearing Member may notify the Clearing House in accordance with Sections 1.3 and 1.4 of these Procedures that it wishes to substitute any non-cash Collateral in respect of an account which is subject to a Deed ofCharge (the "Original Collateral") with replacement Collateral in respect of such account having a value not less than the Original Collateral (the "New Collateral") (such request being a "Substitution Request").
The New Bonds will be secured by the New Collateral and will be subject to the New Intercreditor Agreement and the New PBGC Intercreditor Agreement.
At any time, an Agent Member or Sponsored Member (as applicable) may notify the Clearing House in accordance with Sections 4.3 and 4.4 of these SC Procedures that it wishes to substitute any non-cash Collateral in respect of an account which is subject to a Deed of Charge or a Title Transfer Contract (the "Original Collateral") with replacement Collateral in respect of such account having a value not less than the Original Collateral (the "New Collateral") (such request being a "Substitution Request").
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Concurrently with delivering this Pledge Agreement Supplement to the Secured Party, the Pledgor is complying with the provisions of Section 8 of the Pledge Agreement with respect to Investment Property and Instruments, in each case if and to the extent included in the New Collateral at such time.