Collateral Package Clause Samples

The Collateral Package clause defines the specific assets or property that a borrower pledges to secure a loan or other financial obligation. This clause typically lists the types of collateral included, such as real estate, equipment, inventory, or receivables, and may outline the process for perfecting the lender's security interest in these assets. By clearly identifying what is included in the collateral, the clause ensures that both parties understand the scope of security provided, thereby reducing uncertainty and protecting the lender's interests in the event of default.
Collateral Package. Copies of the complete Collateral Packages for the Subject Policies satisfactory to the Administrative Agent as of the date of the Second Initial Advance.
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Collateral Package. Copies of the complete Collateral Package for any Pledged Policies requested in writing by the Lender;
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Collateral Package. 1. Collateral to include the following (together, the “Collateral”):
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Collateral Package. Lender (or Custodian, as applicable) shall have received a Collateral Package for each Mortgage Loan and an Eligible Vendor or Custodian has inventoried such Collateral Package and provided a report of the contents of such Collateral Package to Lender;
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Collateral Package. To the extent not previously delivered pursuant to Section 5.1, Lender (or Custodian, as applicable) shall have received a Collateral Package for each Mortgage Loan and an Eligible Vendor or Custodian has inventoried such Collateral Package and provided a report of the contents of such Collateral Package to Lender;
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Collateral Package. 1. Collateral to include the following (together, the “Collateral”):
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Related to Collateral Package

  • Collateral Examination Agent shall have completed Collateral examinations and received appraisals, the results of which shall be satisfactory in form and substance to Lenders, of the Receivables, Inventory, General Intangibles, and Equipment of each Borrower and all books and records in connection therewith;

  • Collateral Records Such Grantor will maintain complete and accurate books and records with respect to the Collateral owned by it, and furnish to the Collateral Agent, with sufficient copies for each of the Secured Parties, such reports relating to such Collateral as the Collateral Agent shall from time to time request.

  • Collateral Event In the event that either (a) the Advisor does not make the Fund Reimbursement Payment due in connection with a particular calendar month by the tenth day of the following calendar month or (b) the Board enacts a resolution calling for the liquidation of the Fund (either (a) or (b), a “Collateral Event”), then, in either event, the Board shall have absolute discretion to redeem any shares or other Collateral held in the Collateral Account and utilize the proceeds from such redemptions or such other Collateral to make any required Fund Reimbursement Payment, or to cover any costs or expenses which the Board, in its sole and absolute discretion, estimates will be required in connection with the liquidation of the Fund (the “Liquidation Expenses”). Pursuant to the terms of Paragraph 6 of this Agreement, upon authorization from the Board, but subject to the provisions of the Control Agreement, no further instructions shall be required from the Advisor for the Securities Intermediary to transfer any Collateral from the Collateral Account to the Fund. The Advisor acknowledges that in the event the Collateral available in the Collateral Account is insufficient to cover the full cost of any Fund Reimbursement Payment or Liquidation Expenses, the Fund shall retain the right to receive from the Advisor any costs in excess of the value of the Collateral.

  • Initial Collateral Custodian The role of Collateral Custodian with respect to the Required Loan Documents shall be conducted by the Person designated as Collateral Custodian hereunder from time to time in accordance with this Section 11.01. The Administrative Agent hereby designates and appoints the Collateral Custodian to act as its agent and hereby authorizes the Collateral Custodian to take such actions on its behalf and to exercise such powers and perform such duties as are expressly granted to the Collateral Custodian by this Agreement. The Collateral Custodian hereby accepts such agency appointment to act as Collateral Custodian pursuant to the terms of this Agreement, until its resignation or removal as Collateral Custodian pursuant to the terms hereof.

  • Collateral Reports Borrower shall deliver or cause to be delivered the following: