Eligible Collateral definition

Eligible Collateral means, with respect to a party, the items, if any, specified as such for that party in Paragraph 13.
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Eligible Collateral means the amount of Collateral which has an aggregate fair market value equal to the amount by which the Pledgor is in default (without regard to any amounts owing solely as the result of an acceleration of the Loan Agreement) or such lesser amount of Collateral as may be required pursuant to section 13 of this Pledge Agreement.
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Eligible Collateral means, as of any date, all Collateral on which the Collateral Agent has, as of such date, to the extent purported to be created by the applicable Security Document, a valid and perfected first priority Lien and/or mortgage (or comparable Lien) for the benefit of the Secured Parties and which is otherwise subject only to Permitted Liens and satisfies the requirements set out in the Loan Documents for such type of Collateral.
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Examples of Eligible Collateral in a sentence

  • Rental Units may only consist of Eligible Collateral which either: (a) was ordered specifically for the purpose of being a Rental Unit, or (b) was converted from stock inventory to rental inventory upon Agent’s prior written consent.

  • In addition, Dealers may not undertake to rent or lease any Eligible Collateral without the prior written consent of Agent.

  • All Collateral Assets included as Eligible Collateral Assets in the Borrowing Base as of such date are Eligible Collateral Assets.

  • The Administrative Agent may at any time dispute the determination of whether a Collateral Asset is an Eligible Collateral Asset, any item in the Monthly Report (or component thereof) or the determination as to compliance with any of the Portfolio Criteria by delivering a Collateral Dispute Notice to the Collateral Custodian, the Servicer and the Borrower.


More Definitions of Eligible Collateral

Eligible Collateral means, collectively, Eligible Inventory and Eligible Receivables.
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Eligible Collateral means any securities that otherwise would qualify for outright purchase under this act.
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Eligible Collateral means any of the securities specified in Iowa Code section 12C.16(1)“b” provided that the securities are acceptable to the public unit and to the approved custodian.
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Eligible Collateral means Collateral that satisfies the Eligibility Criteria. Eligible Collateral Schedule has the meaning specified in Section 3.4. Expected ABS Collateral has the meaning specified in Section 3.5(c).
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Eligible Collateral means any one or any combination of the securities or other forms of collateral as described in Iowa Code section 12C.22, subsection 6, and acceptable to the treasurer. Cash shall be considered eligible collateral.
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Eligible Collateral means cash denominated in the Base Currency.
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Eligible Collateral shall have the meaning specified in Paragraph 3(c)(iii).
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