Acceptable Collateral definition
Acceptable Collateral means the following assets of Borrowers, as long as such assets are (x) held in the Collateral Accounts, (y) subject to a first priority Lien in favor of the relevant Applicable Lender and not subject to any other Lien (other than Permitted Liens), and (z) the Collateral Requirement has been satisfied with respect thereto:
Acceptable Collateral means Collateral in form and substance in all respects acceptable to Citibank, in its discretion, for the purposes of securing my Liabilities.
Acceptable Collateral means (i) a Letter of Credit; and/or (ii) a cash amount (in pounds) transferred to the credit of a Reserve Account;
Examples of Acceptable Collateral in a sentence
On at least two (2) Business Days’ notice, a Loan Party may post Acceptable Collateral constituting Cash to the Collateral Account, provided that (i) the LTV Ratio immediately following such deposit of additional Acceptable Collateral shall decrease by at least 2.5% from the LTV Ratio immediately prior to such posting, and (ii) such cash shall be deposited pro rata to the Collateral Accounts as designated by Administrative Agent.
More Definitions of Acceptable Collateral
Acceptable Collateral means any of the following assets of Borrower, if (x) held in or credited to any Collateral Account subject to a first priority Lien under the applicable Security Agreement and (y) the Collateral Requirement has been satisfied with respect thereto:
Acceptable Collateral means: (i) a Letter of Credit; and/or (ii) a cash amount (in pounds) transferred to the credit of a Reserve Account;
Acceptable Collateral means the following:
Acceptable Collateral means cash, cash equivalents, letters of credit, and direct obligations, or securities that are fully guaranteed as to principal and interest by the United States government.
Acceptable Collateral means, as to repurchase transactions:
Acceptable Collateral means any of the following:
Acceptable Collateral. , in relation to a holder, means any collateral that —