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

• Collateralized mortgage obligations are secured by an underlying pool of mortgages or mortgage pass-through certificates that are structured to direct payments on underlying collateral to different series or classes of the obligations.

• Collateralized loan obligations are valued based on discounted cash flow models that consider trade and economic data, prepayment assumptions and default projections.

• Any Letter of Credit outstanding after the scheduled Termination Date which is Cash Collateralized for the benefit of the Issuing Lender shall be the sole responsibility of the Issuing Lender.

• 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 the Borrower or any other Loan Party or any Defaulting Lender that has provided Cash Collateral) to reimburse the L/C Issuer or the Revolving Lenders, as applicable.

• Collateralized Mortgage --Manager, Government Fixed-Income Obligations (CMOs) and other non-exempt Mortgage and Asset-Backed Securities 6.

More Definitions of Collateralized

Collateralized with respect to any Letter of Credit, means that such Letter of Credit is 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 or, in the case of Section 2.6, to the Administrative Agent; and the terms “Collateralize” and “Collateralization” shall have correlative meanings.

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 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 means transactions for which collateral (money or substitute securities, etc.) is deposited or received.

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 shall have meanings correlative to the foregoing and shall include the proceeds of such cash collateral and other credit support.