Collateral Instruction definition

Collateral Instruction. : shall mean any instruction generated by the X-COM Service for the execution of a Collateral Request, a Collateral Recall, a Collateral Autosubstitution or a COR Collateral;
View Source
Collateral Instruction means any instruction directing the disposition of funds in the applicable Lien Grantor's Deposit Accounts or any entitlement order with respect to Securities in the applicable Lien Grantor's Securities Accounts, as applicable.
View Source

Examples of Collateral Instruction in a sentence

  • The Lien Grantor and the Secured Party agree that the Custodian shall not be responsible for refraining to act on any Collateral Instruction that is not a Lien Grantor Permitted Instruction or Secured Party Permitted Instruction if such Collateral Instruction is sent without the signature of an authorized person of the Lien Grantor and the Secured Party as required by this Section.

  • The Issuer Swap Collateral Account Banks are not obliged to comply with any Swap Collateral Instruction which would cause any Issuer Swap Collateral Account to become overdrawn and shall incur no liability resulting from compliance or non-compliance with any such Swap Collateral Instruction.

  • The Issuer Swap Collateral Account Bank is not obliged to comply with any Swap Collateral Instruction which would cause any Issuer Swap Collateral Account to become overdrawn and shall incur no liability resulting from compliance or non-compliance with any such Swap Collateral Instruction.

Related to Collateral Instruction

  • Collateral Instruments means notes, bills of exchange, certificates of deposit and other negotiable and non-negotiable instruments, guarantees, indemnities and other assurances against financial loss and any other documents or instruments which contain or evidence an obligation (with or without security) to pay, discharge or be responsible directly or indirectly for, any indebtedness or liabilities of the Owner or any other person liable and includes any documents or instruments creating or evidencing a mortgage, charge (whether fixed or floating), pledge, lien, hypothecation, assignment, trust arrangement or security interest of any kind;

  • Collateral Insurance shall have the meaning set forth in Section 4.4(a).

  • 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:

  • Applicable Collateral Agent means (i) until the earlier of (x) the Discharge of Credit Agreement and (y) the Non-Controlling Representative Enforcement Date, the Credit Agreement Collateral Agent and (ii) from and after the earlier of (x) the Discharge of Credit Agreement and (y) the Non-Controlling Representative Enforcement Date, the Collateral Agent for the Series of First Lien Obligations represented by the Major Non-Controlling Representative.

  • Basic Collateral Agency Agreement means the Amended and Restated Basic Collateral Agency Agreement, dated as of March 1, 2009, among Daimler Trust, the Administrative Agent, Daimler Title Co., as collateral agent, and MBFS USA, as lender and as servicer.