Collateralized definition
Collateralized secured by cash collateral arrangements and/or backstop letters of credit entered into on terms and in amounts reasonably satisfactory to the Administrative Agent and the relevant Issuing Lender.
Collateralized means, with respect to any Letter of Credit, that such Letter of Credit is secured by cash collateral arrangements and/or backstop letters of credit entered into on terms (and, with respect to any such backstop letters of credit, from issuers) reasonably satisfactory to the relevant Issuing Lender; and the terms “Collateralize” and “Collateralization” shall have correlative meanings.
Collateralized means assets pledged by financial institutions in the event of failure of the financial institution.
Examples of Collateralized in a sentence
Upon the drawing of any Letter of Credit that has been Cash Collateralized, the funds held as Cash Collateral shall be applied (without any further action by or notice to or from Borrower or any other Obligated Party) to reimburse Issuing Bank or the Revolving Lenders, as applicable.
There are hereby created, effective as of the Issuance Date, the Series 2025-FT1 Term Notes, to be issued pursuant to the Base Indenture and this Indenture Supplement, to be known as “loanDepot FAMSR Master Trust MSR Collateralized Notes, Series 2025-FT1” (the “Series 2025-FT1 Term Notes”).
More Definitions of Collateralized
Collateralized fully” means that:
Collateralized secured by cash collateral arrangements and/or backstop letters of credit entered into on terms and in amounts reasonably satisfactory to the relevant Issuing Lender; the terms “Collateralize” and “Collateralization” shall have correlative meanings.
Collateralized shall have meanings correlative to the foregoing and shall include the proceeds of such cash collateral and other credit support.
Collateralized shall have a corresponding meaning.
Collateralized means the securing of a loan with collateral by a recorded and verified Lien. For collateral that is real property, “collateralized” shall mean the recording of a mortgage on real property that has a value (determined by Lincoln Bank based on an appraisal prepared by an independent licensed appraiser selected by Lincoln Bank) sufficient to pay the applicable loan in full subject to satisfaction of all Liens on such real property. For collateral that is cash, securities or life insurance policies, “collateralized” shall mean the placing of a Lien on such property that prevents the disbursement of such cash, securities or life insurance policies without approval from the applicable lender and that provides for quarterly documentation supporting the value of the applicable loan and any other Liens on such property.
Collateralized in relation to a Letter of Credit means deposit with the Agent the deposit amount or “clean” standby letter of credit contemplated by Section 6.02(11).
Collateralized means transactions for which collateral (money or substitute securities, etc.) is deposited or received.