Equivalent Collateral definition

Equivalent Collateral means, with respect to any security constituting Posted Collateral, a security of the same issuer and, as applicable, representing or having the same class, series, maturity, interest rate, principal amount or liquidation value and such other provisions as are necessary for that security and the security constituting Posted Collateral to be treated as equivalent in the market for such securities;

Equivalent Collateral means securities of the same description as collateral securities;

Equivalent Collateral or in relation to any Collateral provided under this Agreement

Examples of Equivalent Collateral in a sentence

• In lieu of returning to the Pledgor pursuant to Paragraphs 3(b), 4(d), 5 and 8(d) any Posted Collateral comprising securities the Secured Party may return Equivalent Collateral.

• Where any voting rights fall to be exercised in relation to any Loaned Securities or Collateral, neither Borrower, in the case of Equivalent Securities, nor Lender, in the case of Equivalent Collateral, shall have any obligation to arrange for voting rights of that kind to be exercised in accordance with the instructions of the other party in relation to the Securities borrowed by it or transferred to it by way of Collateral, as the case may be, unless otherwise agreed between the parties.

• Where any voting rights fall to be exercised in relation to any Loaned Securities or Collateral, neither Borrower, in the case of Equivalent Securities, nor Lender, in the case of Equivalent Collateral, shall have any obligation to arrange for voting rights of that kind to be exercised in accordance with the instructions of the other Party in relation to the Securities borrowed by it or transferred to it by way of Collateral, as the case may be, unless otherwise agreed between the Parties.

• The Trust Deed in respect of this Series of Notes provides for the automatic release of the Security Interests created over the Charged Assets to the extent that any Obligations or Equivalent Collateral (as defined in the Securities Lending Agreement) comprised in the Charged Assets are required to be delivered or repaid to the Securities Lending Counterparty.

• Each Party agrees that in relation to legal proceedings it will not seek specific performance of the other Party's obligation to deliver or redeliver Securities, Equivalent Securities, Collateral or Equivalent Collateral but without prejudice to any other rights it may have.

More Definitions of Equivalent Collateral

Equivalent Collateral means Commodity Securities of the same type, description and amount (subject to variations in quality and weight as is permitted under Exchange Rules) as the non-cash collateral comprising Commodities Securities transferred to us under paragraph 7 or over which you have granted us a security interest under paragraph 12.

Equivalent Collateral means, in relation to any Posted Collateral, financial instruments of the same type, nominal value, description and amount as that Posted Collateral.

Equivalent Collateral means Collateral of the same type, nominal value, description and amount as that Collateral.

Equivalent Collateral or in relation to any Collateral provided under this Agreement "Collateral equivalent to" means securities, cash or other property, as the case may be, of an identical type, nominal value, description and amount to particular Collateral so provided and shall include the certificates and other documents of or evidencing title and transfer in respect of the foregoing (as appropriate). If and to the extent that such Collateral consists of securities that are partly paid or have been converted, subdivided, consolidated, redeemed, made the subject of a takeover, capitalisation issue, rights issue or event similar to any of the foregoing, the expression shall have the following meaning:

Equivalent Collateral means, with respect to any security constituting Posted Collateral, a security of the same issuer and, as applicable, representing or having the same class, series, maturity,

Equivalent Collateral means the equivalent collateral within the meaning of section 7:51 sub g of the Dutch Civil Code;

Equivalent Collateral means an amount of the same size and the same currency as the original collateral, if this was provided in the form of cash or securities identical to the original collateral, if this was provided in the form of securities.