Collateral Provider definition
Examples of Collateral Provider in a sentence
If the Collateral Provider fails to fulfill its obligations, the collateral will be liquidated by SIX Swiss Exchange or a liquidator under the terms of the applicable legal regulations.
If the VM-Interest Amount is greater than zero on this calendar day, the VM-Collateral Receiver shall be obliged to pay the VM-Interest Amount to the VM- Collateral Provider.
The collateral that must be furnished by the Collateral Provider is determined by the value of the COSI Product at any given time (hereinafter «Current Value»).
In addition, SIX Swiss Exchange shall be entitled to satisfy, in advance out of the proceeds of the liquidation of the collateral, any outstanding claims it holds against the Collateral Provider and the issuer under the terms of the Framework Agreement.
The Collateral Provider shall not, without obtaining consent of the relevant Person in accordance with the Credit Agreement, discontinue use of or otherwise abandon any Intellectual Property Collateral, or abandon any application for a patent or trademark filed with the Japan Patent Office, unless the loss thereof could not reasonably be expected to have a Material Adverse Effect, in which case, the Collateral Provider will give prompt notice of any such abandonment to the Collateral Agent.