Collateral Giver definition
Examples of Collateral Giver in a sentence
The Third Party Pledge Holder shall not permit to create any security over the Relevant Pledged Assets and to the extent that the Third Party Pledge Holder is not the Collateral Giver, ensure that CBL waives any security created pursuant to the CBL Governing Documents over the GC Pooling Re-Use ISA Direct Luxembourg Pledged Securities Accounts in accordance with Attachment 2 hereto.
If credited to a CmaX ISA Direct Luxembourg Pledged Securities Account in accordance with the Collateral Management Service Agreements, and provided CBL has not been notified of an Event of Default, the Collateral Giver shall be entitled to instruct CBL to transfer any such Distributions out of the CmaX ISA Direct Luxembourg Pledged Securities Account (subject to appropriate substitution with eligible assets, if applicable, according to CBL’s collateral valuation principles).
For all purposes required, if the Collateral Giver is not the Pledgor, when completing its Appendix A in the manner above described and providing the Pledge Information to CBL, the Third-Party CM Account Holder shall be deemed to have received power from the Pledgor, as pledgor, hereunder to complete the Pledge Information vis-à-vis CBL.
Eurex Clearing AG and the Collateral Giver shall have entered into Collateral Management Service Agreements with CBL for the management of the Relevant Pledged Assets standing from time to time to the credit of the CmaX ISA Direct Luxembourg Pledged Securities Account(s).
If credited to a CmaX Pledged Account in accordance with the Collateral Management Service Agreements, and provided CBL has not been notified of an Event of Default, the Collateral Giver shall be entitled to instruct CBL to transfer any such Distributions out of the CmaX Pledged Account (subject to appropriate substitution with eligible assets, if applicable, according to CBL’s collateral valuation principles).
Eurex Clearing AG and the Collateral Giver shall enter into Collateral Management Service Agreements with CBL regarding the management of the collateral in the GC Pooling Re-use ISA Direct Luxembourg Pledged Securities Accounts in accordance with the Clearing Conditions.
The Collateral Giver shall ensure that CBL returns a duly acknowledged version of the notice of Pledge to the Pledgee.
Eurex Clearing AG and the Collateral Giver shall have entered into Collateral Management Service Agreements with CBL for the management of the Relevant Pledged Assets to the credit of the CBL GC Pooling Re-use Pledged Securities Account(s).
For the avoidance of any doubt, the provision of the Pledge Information to CBL by the Collateral Giver through Appendix A will automatically entail compliance by CBL with the Perfection Requirement; no further notice or instruction by the Collateral Giver, the Pledgor (if different) or any other Party, to CBL shall be required, without prejudice however to the notice that shall be served by the Third Party Pledge Holder to CBL when the Pledgor is the Collateral Giver, in accordance with Clause 4.5 below.
Eurex Clearing AG and the Collateral Giver shall have entered into the Collateral Management Service Agreements with CBL for the management of the Relevant Pledged Assets standing from time to time to the credit of the CmaX Pledged Account(s).