DCL Collateral definition

DCL Collateral means the Blocked Accounts, the cash and securities deposited in the Blocked Accounts and all cash, securities and other property from time to time credited thereto and all proceeds thereof.
View Source

Examples of DCL Collateral in a sentence

  • It has not authorized the filing of and is not aware of any financing statements against it that include a description of such DCL Collateral.

  • DCL shall take reasonable actions deemed necessary or desirable by any FSA Party or that are required by applicable law to continue the FSA Parties’ first priority perfected security interest in the DCL Collateral.

  • The security interest of the FSA Parties in such DCL Collateral will, until the obligations and indebtedness of DCL secured hereunder have been paid in full or release of such DCL Collateral in accordance with the terms of this Agreement, be a perfected security interest in such DCL Collateral, senior to all other security interests in such DCL Collateral (except for any Permitted Liens).

  • All of such DCL Collateral consisting of Security Entitlements and Financial Assets has been credited to the Blocked Accounts.

  • After all amounts required to be paid by DCL to FSA have been paid (and any required DCL Collateral has been posted to the Collateral Posting Account), and no other DCL Default or DCL Event of Default has occurred and is continuing, all amounts payable to DCL under the Separation Documents shall be paid directly to DCL and shall not be deposited into the Cash Trapping Account.

Related to DCL Collateral

  • ABL Collateral means all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any ABL Obligations.

  • U.S. Collateral means any and all property owned, leased or operated by a Person covered by the U.S. Collateral Documents and any and all other property of any U.S. Loan Party, now existing or hereafter acquired, that may at any time be or become subject to a security interest or Lien in favor of the Administrative Agent to secure the Secured Obligations.

  • UCC Collateral is defined in Section 3.03.

  • Control Collateral means any Collateral consisting of any Certificated Security (as defined in Section 8-102 of the Uniform Commercial Code), Investment Property, Deposit Account, Instruments and any other Collateral as to which a Lien may be perfected through possession or control by the secured party, or any agent therefor.

  • First Priority Collateral means all assets, whether now owned or hereafter acquired by the Borrower or any other Loan Party, in which a Lien is granted or purported to be granted to any First Priority Secured Party as security for any First Priority Obligation.