Permissible Collateral definition

Permissible Collateral means Securities or cash which is determined by X-CLEAR to be permissible collateral for all components of the Collateral in accordance with the Financial Collateral Agreement – as described in greater detail in the Operational Manual and the Collateral Value Tables – and which is transferred to X-CLEAR in accordance with the Financial Collateral Agreement, irrespective of whether pursuant to X-CLEAR’s requirement or in excess of such requirement;

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Permissible Collateral means Cash and/or Securities that meet the requirements in accordance with the Operational Manual and its “Lending Norms” Annex.

Permissible Collateral means Securities or cash determined by x-clear to be permissible collateral for Margin or Default Fund Contributions as further described in the Clearing Terms and in the Lending Norms;

Examples of Permissible Collateral in a sentence

• The Administrative Agent shall have received, with respect to each lease included in the Additional Collateral and the Permissible Collateral, a mortgagee's waiver and consent in form and substance satisfactory to the Collateral Agent, duly-executed by the Borrower, the Collateral Agent and the entity acting as mortgagee (the "Mortgagee") on behalf of the holders of the --------- New Notes (collectively, the "Mortgagee Waivers").

• The Borrower's obligations under the New Notes may be secured by a first lien on the Permissible Collateral, the Additional Collateral and the Yonkers Common Stock Collateral; provided, however, that the Trustee for the Holders has executed and delivered to the Collateral Agent Mortgagee Waivers with respect to each location included in the Permissible Collateral and the Additional Collateral in form and substance satisfactory to the Collateral Agent.

• The Administrative Agent shall have received, with respect to each lease included in the Additional Collateral and the Permissible Collateral, a mortgagee's waiver and consent in form and substance satisfactory to the Collateral Agent, duly-executed by the Borrower, the Collateral Agent and the entity acting as mortgagee (the "MORTGAGEE") on behalf of the holders of the New Notes (collectively, the "MORTGAGEE WAIVERS").

More Definitions of Permissible Collateral

Permissible Collateral means Securities or cash which is determined by X-CLEAR to be permissible collateral for Margins, Link Margin Element, Default Fund Contributions, Default Fund Replenishment Contribution and Top-up Contribution as further described in the Clearing Terms and in the Lending Norms and which is transferred to X-CLEAR in accordance with the Financial Collateral Agreement(s) – irrespective of whether pursuant to X-CLEAR’s requirement or in excess of such requirement;

Permissible Collateral means Yonkers' interests in the real property and improvements (but not including any Inventory or other personal property) located at the site of the Bradlees store located in Yonkers, New York (the "YONKERS LEASED PROPERTY"), and the proceeds of any disposition of the foregoing.

Permissible Collateral means Yonkers' interests in the real property ---------------------- and improvements (but not including any Inventory or other personal property) located at the site of the Bradlees store located in Yonkers, New York (the "Yonkers Leased Property"), and the proceeds of any disposition of the ------------------------ foregoing.