Residual Collateral definition

Residual Collateral means all now existing and hereafter arising right, title and interest of Guarantor in, under and to the following:

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Residual Collateral means any Pledged Collateral described in Section 2(b) that does not constitute (i) Material Pledged Subsidiary Capital Stock or (ii) Available Assets Collateral.

Residual Collateral has the meaning set forth in the definition of Collateral.

Examples of Residual Collateral in a sentence

• Each of the Seller and Guarantor also waive, to the extent permitted by law (and absent any willful misconduct or gross negligence of Buyer), any defense (other than a defense of payment or performance) the Seller or Guarantor, as applicable, might otherwise have arising from use of nonjudicial process, enforcement and sale of all or any portion of the Underlying Assets or Residual Collateral and any other Purchased Items or from any other election of remedies.

• Interest on any sum payable by Seller and Guarantor to Buyer under this paragraph 19(h) is at a rate equal to the Post‑Default Rate and all reasonable costs and expenses incurred in connection with hedging or covering transactions related to the Underlying Assets and Residual Collateral, conduit advances and payments for mortgage insurance.

• As additional credit enhancement in connection with the Transactions hereunder and as a condition precedent to ▇▇▇▇▇ entering into the Transactions hereunder, Guarantor shall (i) deliver a guaranty in favor of ▇▇▇▇▇ and (ii) pledge to Buyer a first priority security interest in and to the Purchased Items and the related Residual Collateral pursuant to the terms hereof.

More Definitions of Residual Collateral

Residual Collateral means all of Borrower's right, title and interest in and to any and all proceeds remaining following the foreclosure or other realization by or on behalf of Lender's lien or security interest in the Real Property and improvements thereon.

Residual Collateral. Subject to the terms of the Principal Agreements, all now existing and hereafter arising right, title and interest of Guarantor in, under and to the following:

Residual Collateral means, all now existing and hereafter arising right, title and interest of Pledgor in, under and to the following: (i) the Underlying Loans, (ii) any additional Underlying Loans transferred to Buyer pursuant to this Agreement, (iii) the Records, (iv) all related Servicing Rights, (v) the Program Documents (to the extent such Program Documents and Pledgor’s rights thereunder relate to the Underlying Loans), (vi) any interest in Property relating to the Underlying Loans, (vii) all insurance policies and insurance proceeds relating to any Underlying Loan or the related Mortgaged Property to the extent assignable, including, but not limited to, any payments or proceeds under any related primary insurance, hazard insurance, FHA Mortgage Insurance Contracts (if any), VA Loan Guaranty Agreements (if any) and USDA Loan Guarantees (if any), (viii) Income, solely to the extent of Pledgor’s right therein,