Relevant Collateral definition
Examples of Relevant Collateral in a sentence
The parties agree and acknowledge that the Relevant Collateral Shares are traded on a recognized market.
Upon successful appointment of a successor or replacement Collateral Trustee and the respective acceptance of such successor or replacement Collateral Trustee, the Collateral Trustee shall be discharged from its obligations under this Agreement, provided that the rights and obligations of the Collateral Trustee shall continue until the appointment of the successor or replacement Collateral Trustee has become effective and the Relevant Collateral has been transferred to the new Collateral Trustee.
Subject to any release of all or any part of the security interest created hereunder pursuant to and in accordance with Clause 10 (Release of Relevant Collateral) hereof, the Pledge shall remain in full force and effect until the Secured Obligations have been irrevocably repaid in full.
If the Pledgee considers that any amount paid or credited to it under any Relevant Collateral Document is capable of being avoided, reduced or otherwise set aside on the Winding-up of the Pledgor that amount shall not be considered to have been paid for the purposes of determining whether all the Relevant Secured Liabilities have been irrevocably paid.
The Pledgor shall not (nor shall it agree to) sell, lease, transfer or otherwise dispose of any of the Euroclear Collateral, except as expressly permitted by any Relevant Collateral Document.