Collateral Data definition
Examples of Collateral Data in a sentence
The information contained in the Collateral Data Record is true, correct and complete.
Trustor shall make available to the Collateral Agent each Business Day the Obligation Amount in accordance with Section 2.1, and Collateral shall be entitled to, and shall endeavor to, receive from Securities Intermediary each Business Day the Collateral Data File in accordance with Section 2.2. Based on the preceding, the Collateral Agent shall provide written notice to Trustor of any Collateral excess or deficiency and Trustor shall act in accordance with the provisions of Section 2.2(b) and 2.2(c).
The Uniform Collateral Data Portal (“UCDP”) is a joint GSE portal for the electronic collection of appraisal data.
For the avoidance of doubt, subject to the restrictions expressly provided above, the Collateral License permits the Collateral Agent and its agents to access and use, solely in the exercise of rights and remedies under Article VI hereof, all the Grantors’ databases and data compilations in which all or any portion of any Collateral Data is stored.
Lender shall have the right to revise or supplement the form of the Collateral Data Record by giving notice thereof to Borrower.
If Borrower fails to borrow an Advance after Borrower has submitted a Collateral Data Record in connection with such borrowing, Borrower shall pay Lender the Breakage Fee and reimburse Lender for any out-of-pocket losses, costs and expenses incurred by Lender in connection with such failure to borrow the Advance, including, without limitation, costs relating to re-employment of funds obtained by Lender and fees payable to terminate the arrangements through which such funds were obtained.
As part of the Reporting Service, we will only submit Valuation Data and Collateral Data (if applicable) for the Relevant Transactions that you have specified in Annex 3 and the reporting of this Valuation Data and Collateral Data will be subject to the additional terms and conditions in this Clause 4 and the additional representations and warranties in Clause 5.
In respect of each Relevant Transaction that is not cleared through a CCP: The Valuation Data that we report on your behalf will based on our own valuation; and The Collateral Data that we report on your behalf will be based on our record of the collateral portfolio that you have posted to us (in the currency that we, in our absolute discretion, deem appropriate).
Borrower shall initiate a request for an Advance by delivering to Lender, electronically or in writing, a Collateral Data Record for each Mortgage Loan intended to secure an Advance not later than the Advance Request Deadline; provided, however, that Borrower shall provide Lender not fewer than one (1) Business Days notice if Borrower intends to borrower an Advance or Advances equal to or greater than ten million dollars ($10,000,000).
Licensee may designate one or more agents (including appraisal management companies and outsource providers) to use the Uniform Collateral Data Portal (including CDDS and related APIs) on Licensee’s behalf.