Collateral Maintenance Level definition

Collateral Maintenance Level means the aggregate dollar amount equal to such percentage(s) as the Bank may specify from time to time of all Liabilities (1) for Advances and Credit Products; (2) with respect to Derivative Transactions for which an Obligor is required to maintain Collateral; and (3) with respect to any Other Product or under any Borrowing Documents. The Bank may increase or decrease the Collateral Maintenance Level at any time as provided in the Credit and Collateral Policy, and such increase or decrease, as specified by the Bank, will apply to all existing as well as after-arising Liabilities.
Collateral Maintenance Level means the aggregate dollar amount equal to such percentage(s) as the Bank may specify from time to time of (1) the outstanding amounts of all Advances; (2) with respect to each outstanding Swap Transaction, the amount for which the Member is required to maintain Collateral; and (3) any additional obligations and liabilities of the Member to the Bank. The Bank may increase or decrease the Collateral Maintenance Level at any time.
Collateral Maintenance Level means one hundred percent (100%) of the aggregate outstanding Indebtedness. The Bank may increase or decrease the Collateral Maintenance Level as to all Indebtedness at any time.

Examples of Collateral Maintenance Level in a sentence

  • Customers that are on blanket collateral status that are later assigned custody collateral status by the Bank must deliver enough Qualifying Collateral to meet their required Collateral Maintenance Level in a period designated by the Bank, not to exceed 45 days.

  • Customers that fail to meet their required Collateral Maintenance Level are expected to resolve any deficiencies within 24 hours of notification.

  • In order for an eNote to be Qualifying Collateral used in the determination of Borrower’s compliance with the Collateral Maintenance Level under the Agreement, (a) the eNote must be registered on the eRegistry, (b) the eRegistry must name the Bank in the Secured Party Field and Location Field with respect to such eNote, and (c) the Borrower must satisfy all other requirements contained in the Bank’s Member Products and Credit Policy (the “Policy”) and related documentation.

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  • At all times that a Letter of Credit has been issued and is outstanding hereunder, each such Letter of Credit shall constitute an Outstanding Commitment (as defined in the Advances Agreement) and shall be included in the computation of the Customer’s Collateral Maintenance Level (as defined in the Advances Agreement).


More Definitions of Collateral Maintenance Level

Collateral Maintenance Level means such aggregate value of Eligible Collateral as is specified in writing by the Bank to the Member from time to time as being the Collateral Maintenance Level that the Member is required to maintain hereunder. The Bank may increase or decrease the Collateral Maintenance Level at any time in its discretion.
Collateral Maintenance Level means a dollar amount of Qualifying Collateral having a Collateral Value equal to such percentage as the Bank may specify from time to time in its Credit Policy of the aggregate dollar amount of (1) Indebtedness and (2) any other amounts specified by the Bank from time to time under the Credit Policy. The Bank may increase or decrease the Collateral Maintenance Level at any time (A) for all Members, as a result of a change in the Credit Policy, upon fifteen (15) business days advance written notice to Member; or (B) for Member, as a result of credit deterioration, upon three (3) business days advance written notice.
Collateral Maintenance Level means the product of (1) the dollar sum of the Member’s (a) outstanding Advances, (b) outstanding Commitments, (c) the amount for which the Member is required to maintain Collateral under each outstanding Swap Transaction, and (d) any additional Indebtedness of the Member to the Bank, and (2) the percentage specified by the Bank from time to time and which the Bank, in its sole discretion, may increase or decrease at any time and for any reason including, but not limited to, the Bank’s assessment of the Member’s creditworthiness. In accordance with Section IV.A., the Member must at all times pledge Eligible Collateral with an aggregate Borrowing Capacity at least equal to the Member’s then current Collateral Maintenance Level.
Collateral Maintenance Level means a dollar amount of Qualifying Collateral having a Collateral Value equal to such percentage as the Bank may specify from time to time in its Credit Policy of the aggregate dollar amount of (1) Indebtedness and (2) any other amounts specified by the Bank from time to time under the Credit Policy. The Bank may increase or decrease the Collateral Maintenance Level at any time (A) for all Members,, upon fifteen (15) business days advance written notice to the Member; or (B) for Member, as a result of credit deterioration of the Member or Guarantor considering factors that are commercially reasonable, upon thirty (30) days advance written notice, unless the Member has failed to meet either a Member Financial Covenant or the Guarantor has failed to meet a Guarantor Financial Covenant, in which case the Bank may increase or decrease the Collateral Maintenance level upon three (3) business days advance written notice.
Collateral Maintenance Level means such aggregate Fair Market Value of Qualifying Collateral as is specified in the Bank's Collateral Policy or as may be otherwise specified in writing by the Bank from time to time as being the Collateral Maintenance Level that the member is required to maintain hereunder. The Bank may increase or decrease the Collateral Maintenance Level at any time.
Collateral Maintenance Level means the aggregate dollar amount equal to such percentage(s) as the Bank may specify from time to time of the aggregate outstanding amount of (1) Advances, (2) Outstanding Commitments, (3) with respect to each outstanding Swap Transaction, the amount for which the Member is required to maintain Collateral, and (4) any additional obligations and liabilities of the Member to the Bank. The Bank may increase or decrease the Collateral Maintenance Level at any time.
Collateral Maintenance Level means the product of (1) the dollar sum of the Member’s (a) outstanding Advances, (b) outstanding Commitments, (c) the amount for which the Member is required to maintain Collateral under each outstanding Swap Transaction, and