Remargining definition

Remargining. – means to place more cash or securities with the counterparty following a margin call. In cases the market value of the pledged collateral fall, the collateral holder requires to counterparty to restore the margin to comply with the determined requirements;
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Examples of Remargining in a sentence

  • After giving effect to the requested Advance, the Outstanding Credit Exposure will not violate the tests in Section 2.20 and no Remargining Payment will be required.

  • Except as provided in clause (c) above, each payment pursuant to this Section 2.20 will be due no later than 11:00 a.m. (Phoenix, Arizona time) on the Business Day after the Business Day upon which Administrative Agent notifies Borrower (which notice shall be given by electronic mail, facsimile or in writing) that such Remargining Payment is required.

  • Borrower shall be the owner of the Net Proceeds Deficiency, if any, deposited with Agent after a Casualty or Condemnation, the Tax Funds, Insurance Funds, Lease Termination Rollover Funds, the Remargining Collateral and the Terrorism Insurance Period Collateral (collectively, the “Funds”).

  • Notwithstanding the foregoing, upon the occurrence and during the continuance of an Event of Default, without additional notice from Agent to Borrower, any Remargining Collateral then posted with Agent, for the benefit of the Lenders, may be applied by Agent to the Debt in such order and priority as Agent shall determine in its sole and absolute discretion.

  • Prior to the return of a Letter of Credit, Borrower shall deposit an amount equal to required Remargining Collateral in accordance with this Agreement if such Letter of Credit had not been delivered.

  • Any Remargining Payment due as a result of any such computation of the Borrowing Base shall be subject to Section 2.20.

  • Lender has determined that, after giving effect to the requested Advance, no Remargining Payment would be required pursuant to Section 2.4(b)(ii).

  • Lender shall have determined that, after giving effect to such release, no Remargining Payment would be required to be paid pursuant to Section 2.4(b)(ii).

  • To the extent any such adjustment or exclusion results in the aggregate Outstanding Loan Borrowings exceeding the Available Loan Commitment, then Borrower shall be required to make a Remargining Payment in accordance with Section 2.4(b)(ii).

  • Each payment and deposit of Cash Collateral pursuant to this Section 2.18 will be due no later than 11:00 a.m. (Phoenix time) on the Business Day after the day upon which Administrative Agent notifies Borrower (which notice may be given by email) that such Remargining Payment is required.