Non-Cash Collateral definition

Non-Cash Collateral means Government Securities and Letters of Credit, plus such other non-cash collateral as may be then permitted by applicable law, regulation and/or interpretation, and the Securities Lending Guidelines.

Non-Cash Collateral means Collateral other than Cash Collateral;

Non-Cash Collateral means (i) any evidence of indebtedness issued, or directly and fully guaranteed or insured, by the United States of America or any agency or instrumentality thereof; (ii) any deposits, certificates of deposit or acceptances of any institution which is a member of the Federal Reserve System having combined capital and surplus and undivided profits of not less than $500 million at the time of deposit (and which may include the Collateral Agent or any affiliate of the Collateral Agent so long as the Collateral Agent is other than Borrower or an affiliate of Borrower); (iii) any investments of any Person that is fully and unconditionally guaranteed by a bank referred to in clause (ii); (iv) any repurchase agreements and reverse repurchase agreements relating to marketable direct obligations issued or unconditionally guaranteed by the United States of America or issued by any agency thereof and backed as to timely payment by the full faith and credit of the United States of America; (v) commercial paper of any corporation incorporated under the laws of the United States or any State thereof that is rated “investment grade” A-1 by Standard & Poor’s Rating Group, a division of McGraw Hill Inc., or any successor thereto, or P-1 by Moody’s Investors Services, Inc., or any successor thereto; (vi) any money market funds (including, but not limited to, money market funds managed by the Collateral Agent or an affiliate of the Collateral Agent) registered under the Investment Company Act of 1940, as amended; (vii) any letter of credit issued by a bank referred to in clause (ii); and (viii) all proceeds of the foregoing; provided that in no event shall Non-Cash Collateral include “margin stock” as defined by Regulation U of the Board of Governors of the Federal Reserve System.

Examples of Non-Cash Collateral in a sentence

• To the extent the Trust’s Board of Trustees permits the use of Non-Cash Collateral, the Trust acknowledges and agrees that, pursuant to any SLA, NFS may permit an Approved Borrower to substitute Collateral of any type specified in this Section 4 during the term of any loan so long as the required margin in respect of such loan continues to be satisfied at the time of such substitution.

• All Non-Cash Collateral shall be received, held and administered by the Custodian for the benefit of the appropriate Fund in the applicable Custody Account or other account established for the purpose of holding Non-Cash Collateral as the parties may agree from time to time.

• Lender, in relation to any Loan of any PAIF Shares, and Borrower, in relation to any Non-Cash Collateral in the form of any PAIF Shares, warrants to the other Party on a continuing basis that, unless otherwise notified, the warranties in paragraphs 5 and 6 of this Addendum shall apply in relation to any payment made under, as the case may be, paragraph 6.2 or 6.3 in respect of such shares as if such paragraphs referred to PAIF Shares.

• For purposes of this Agreement, “Cash Collateral” shall mean Collateral in the form of cash in U.S. dollars, and “Non-Cash Collateral” shall mean any other form of Collateral that is not Cash Collateral, to the extent the Trust’s Board of Trustees permits the use of Non-Cash Collateral and to the extent the Securities Lending Procedures allow.

• In the case of loans collateralized solely by Non-Cash Collateral, the value of the Collateral shall be calculated in accordance with Section 4.3.

More Definitions of Non-Cash Collateral

Non-Cash Collateral means collateral not in the form of cash, including Collateral Securities, that is accepted by HKSCC for credit to the CCMS House Collateral Account of a Participant to cover the Marks, Margin, Collateral and other obligations (actual and contingent) of the Participant due to HKSCC under the CNS System;

Non-Cash Collateral means securities issued or guaranteed by the United States Government or its agencies or instrumentalities and such other forms as may be agreed upon by Bank and Client from time to in writing

Non-Cash Collateral means (i) any evidence of indebtedness issued, or directly and fully guaranteed or insured, by the United States of America or any agency or instrumentality thereof; (ii) any deposits, certificates of deposit or acceptances of any institution which is a member of the Federal Reserve System having combined capital and surplus and undivided profits of not less than $500 million at the time of deposit (and which may include the Collateral Agent or any affiliate of the Collateral Agent so long as the Collateral Agent is other than Borrower or an affiliate of Borrower); (iii) any investments of any entity that is fully and unconditionally guaranteed by a bank referred to in clause (ii); (iv) any repurchase agreements and reverse repurchase agreements relating to marketable direct obligations issued or unconditionally guaranteed by the United States of America or issued by any agency thereof and backed as to timely payment by the full faith and credit of the United States of America; (v) commercial paper of any corporation incorporated under the laws of the United States or any State thereof that is rated “investment grade” A-1 by S&P, or any successor thereto, or P-1 by Moody’s, or any successor thereto; (vi) any money market funds (including, but not limited to, money market funds managed by the Collateral Agent or an affiliate of the Collateral Agent) registered under the Investment Company Act of 1940, as amended; (vii) any letter of credit issued by a bank referred to in clause (ii); and (viii) all proceeds of the foregoing; provided that in no event shall Non-Cash Collateral include “margin stock” as defined by Regulation U of the Board of Governors of the Federal Reserve System.

Non-Cash Collateral means the non-cash collateral provided to the Clearing House as margin under the Clearing House Documentation;

Non-Cash Collateral means any securities listed on Schedule IV.

Non-Cash Collateral means Collateral comprising Non-Cash Assets;

Non-Cash Collateral means any other form of Collateral that is not Cash Collateral, to the extent the Trust’s Board of Trustees permits the use of Non-Cash Collateral and to the extent the Securities Lending Procedures allow. The Collateral shall have a value at least equal to (i) in the case of loaned domestic securities, 102% of the value of such securities, and (ii) in the case of loaned international securities, 105% of the value of such securities (as determined in accordance with the terms of Section 4.3 below).