Examples of Collateral Default in a sentence

Funds transferred from the Default Fund shall be refunded by the Clearing Member submitting to the Clearing Centre the Application Form For Refund of Collective Clearing Collateral (Default Fund) in the form of the Electronic Document message "GUARANTEE_WITHDRAW" under the form of Annex No. 3 to the Clearing Regulations to be sent at MFBIM@REGISTER for the SPB market and at MFBIK@REGISTER for the Kazakhstan market.
A liquidation of positions as set out in (c) above would not lead to an early redemption of the Notes, unless such a liquidation is a Collateral Default or a Charged Assets Default (as defined in Condition 2(b)(ii)).
If the Calculation Agent determines in its sole discretion that a Collateral Default or a Charged Assets Default has occurred then it shall give notice as soon as practicable thereafter to the Issuer, the Trustee, the Portfolio Manager, the Principal Paying Agent and the Noteholders (in accordance with Condition 7) of the occurrence of such event.

More Definitions of Collateral Default

Collateral Default means either (i) a compulsory redemption (howsoever described) of the Charged Assets; or (ii) a distribution or return of capital and / or assets to holders of the Charged Assets following the winding up or liquidation of the Margin Account Provider or UK Custody Account Provider.

Collateral Default means a determination by the Calculation Agent acting in its sole and absolute discretion, that one or more obligations constituting the Collateral have been or have become capable of being declared due and payable before they would otherwise have become due and payable as a result of, or on the basis of, the occurrence of any condition or event (howsoever described and including without limitation a failure to pay any principal or interest).

Collateral Default means the determination by the Calculation Agent in its absolute discretion of the occurrence of (i) a compulsory or mandatory redemption (howsoever described) of the Charged Assets; or (ii), following the winding up, liquidation of or any termination of the Fund, a distribution or return of capital and/or assets to shareholders of the Fund. A Collateral Default may be determined to have taken place after the occurrence of a Mandatory Redemption Event, an Additional Mandatory Redemption Event or the delivery of an Issuer Optional Redemption Notice.

Collateral Default means a determination by the Swap Calculation Agent in its absolute discretion that either: (i) the Collateral has become repayable or become capable of being declared due and payable prior to its stated maturity for whatever reason; or (ii) there has been a payment default in respect of the Collateral; in each case without regard to any grace period or to any conditions precedent to the commencement of any grace period; or (iii) any withholding tax has been imposed on amounts payable under all or any part of the Collateral.

Collateral Default means any Mortgage Asset included or proposed to be included in the Collateral (a) that is thirty (30) or more days delinquent under the terms of the related Mortgage Loan Documents, (b) for which there is a non-monetary default (beyond any applicable notice and cure period) under the terms of the related Mortgage Loan Documents, (c) for which there is any breach of a representation or warranty under Schedule 1.1(c) or (d) with respect to which the related Obligor is the subject of an Insolvency Proceeding or Insolvency Event.

Collateral Default means any Mortgage Asset included or proposed to be included in the Collateral (a) that is thirty (30) or more days delinquent under the terms of the related Mortgage Loan Documents (including any Preferred Equity Interest or Equity Asset that has not been paid during such period), (b) for which there is a non-monetary default (beyond any applicable notice and cure period) under the terms of the related Mortgage Loan Documents, (c) for which there is any breach or a representation or warranty under Schedule 1.1(c) or (d) with respect to which the related Obligor is the subject of an Insolvency Proceeding or Insolvency Event.

Collateral Default means a determination by the Calculation Agent acting in its sole and absolute discretion and in good faith and a commercially reasonable manner that: (i) the Collateral has become repayable or become capable of being declared due and payable prior to its stated maturity for whatever reason; (ii) there has been a payment default in respect of the Collateral (without regard to any grace period applicable thereto); or (iii) an event of default howsoever described in the terms and conditions of the Collateral or any other terms and conditions of any document affecting the terms and conditions of the Collateral has occurred which, in the opinion of the Calculation Agent, could have a material adverse effect on the ability of the obligor of the Collateral to make payments under the Collateral. A payment default will be deemed to have occurred if any payment under the Collateral has not been made within three Business Days (as defined in the terms and conditions of the Collateral) of its due date (without regard to any grace period applicable thereto) or within such longer period as the Calculation Agent may determine in its absolute discretion.