Trigger Collateral definition

Trigger Collateral means Eligible Loans and their Related Security or Substitute Assets having, in the aggregate, an LTV Adjusted True Balance or being in a principal amount, respectively, equal to the Trigger Collateral Amount, and which do not include any such assets of the Guarantor LP required to meet the Asset Coverage Test and the Amortization Test, as applicable.
Sample 1Sample 2Sample 3
Trigger Collateral means covered bond collateral (i) having a value at least equal to the guarantor entity’s mark to market exposure from time to time under the relevant Covered Bond Collateral Hedge (calculated, in the case of a Contingent Covered Bond Collateral Hedge, as if it were in effect) and (ii) incremental to the covered bond collateral required to satisfy all coverage tests prescribed by the registered covered bond program (including the Asset Coverage Test and Amortization Test, as applicable). Trigger Collateral shall, for greater certainty, serve to secure the payment of principal, interest and other amounts owing in relation to covered bonds that are issued under or pursuant to the registered covered bond program and shall not be considered to serve as collateral under the relevant Covered Bond Collateral Hedge or otherwise secure the obligations of the Counterparty thereunder.
Sample 1Sample 2Sample 3
Trigger Collateral means any collateral provided or pledged by the Seller in any of the following forms:
Sample 1Sample 2

Examples of Trigger Collateral in a sentence

  • First Trigger Collateral Amount means, in respect of each Transaction hereunder on any date, an amount in USD equal to the Notional Amount of such Transaction on such date multiplied by the Applicable Percentage set forth in the table in Exhibit A hereto.

  • Second Trigger Collateral Amount means, in respect of each Transaction hereunder on any date, an amount in USD equal to the Notional Amount of such Transaction on such date multiplied by the Applicable Percentage set forth in the applicable table in Exhibit B hereto.

  • The deferral of the effective date of any Contingent Covered Bond Collateral Hedge by the deposit or contribution of Trigger Collateral to the guarantor entity as contemplated by paragraph (c) or (d) shall only be operative for so long as the guarantor entity holds Trigger Collateral.

  • In addition, the Liga MX has enacted the Decálogo, which is designed to put an end to multiple ownership (only) in the Liga MX.

  • Second Trigger Collateral Amount means, in respect of each Transaction hereunder on any date, an amount in USD equal to the Notional Amount of such Transaction on such date multiplied by the Applicable Percentage set forth in the applicable table in Exhibit B hereto; provided, that for the first thirty (30) days following the date on which the Second Trigger Collateral Amount becomes applicable, the First Trigger Collateral Amount may still be used.

  • Any potential stress risk can be identified earlier and appropriate action – such as collateral calls (variation margin), escalating to the parent entity, unwinding the transaction and devising alternative payment methods (for example, via an affiliate guarantee or cover) – can be taken more quickly and more readily than with unaffiliated third parties.E. Inter-affiliate Swaps Should Not Trigger Collateral Segregation Requirements.

  • The Trigger Collateral may be applied by the Issuer and/or the Security Trustee on any Quarterly Payment Date if and to the extent the Issuer has, because a Borrower has invoked a right of set-off for amounts due by the Seller to it and the Seller has not reimbursed the Issuer for such amount, on the relevant Quarterly Payment Date, not received the full amount due but unpaid in respect of any Receivable(s) (the 'Set-Off Amount').

  • Securities with a maturity of three months or more are weekly valued on a mark-to-market basis.The required amount (the ' Trigger Collateral Required Amount') shall on any Monthly Payment Date be equal to the amount of: i.

  • If the amount equal to the value of any Trigger Collateral provided to the Issuer and the Security Trustee exceeds the Trigger Collateral Required Amount on any Monthly Payment Date or any other date (the Excess Trigger Collateral), the Issuer and the Security Trustee respectively have an obligation to repay an amount equal to the Excess Trigger Collateral (if applicable).

  • The Trigger Collateral may be applied by the Issuer and/or the Security Trustee on any Quarterly Notes Payment Date if and to the extent the Issuer has, because a Borrower has invoked a right of set-off for amounts due by the Seller to it and the Seller has not reimbursed the Issuer for such amount, on the relevant Quarterly Notes Payment Date, not received the full amount due but unpaid in respect of any Receivable(s) (the Set-Off Amount).


More Definitions of Trigger Collateral

Trigger Collateral means cash in euro.
Sample 1

Related to Trigger Collateral

  • Borrower Collateral means all of Borrower's now owned or hereafter acquired right, title, and interest in and to each of the following:

  • Other Collateral means any additional collateral that Lender customarily would require as security for loan facilities on its own account and risk where the permitted borrowing level is based principally on a borrowing base derived from a borrower’s inventory and accounts receivable, but where such additional collateral does not enter into the borrowing base calculation.

  • Threshold Event Collateral shall have the meaning assigned to such term in Section 5(g).

  • Senior Collateral means any “Collateral” as defined in any Credit Agreement Loan Document or any other Senior Debt Document or any other assets of the Company or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Senior Collateral Document as security for any Senior Obligations.

  • Priority Collateral means the ABL Priority Collateral or the Term Priority Collateral, as applicable.

  • U.S. Collateral means any and all property owned, leased or operated by a Person covered by the U.S. Collateral Documents and any and all other property of any U.S. Loan Party, now existing or hereafter acquired, that may at any time be or become subject to a security interest or Lien in favor of the Administrative Agent to secure the Secured Obligations.

  • Possessory Collateral means any Shared Collateral in the possession of a Collateral Agent (or its agents or bailees), to the extent that possession thereof perfects a Lien thereon under the Uniform Commercial Code of any jurisdiction. Possessory Collateral includes, without limitation, any Certificated Securities, Promissory Notes, Instruments, and Chattel Paper, in each case, delivered to or in the possession of the Collateral Agent under the terms of the First-Lien Security Documents.

  • First Priority Collateral means all assets, whether now owned or hereafter acquired by the Borrower or any other Loan Party, in which a Lien is granted or purported to be granted to any First Priority Secured Party as security for any First Priority Obligation.

  • UCC Collateral is defined in Section 3.03.

  • Primary Collateral With respect to any Cross-Collateralized Mortgage Loan, any Mortgaged Property (or portion thereof) designated as directly securing such Cross-Collateralized Mortgage Loan and excluding any Mortgaged Property (or portion thereof) as to which the related lien may only be foreclosed upon by exercise of the cross-collateralization provisions of such Cross-Collateralized Mortgage Loan.

  • ABL Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • ABL Collateral means all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any ABL Obligations.

  • Second Priority Collateral means any “Collateral” as defined in any Second Priority Debt Document or any other assets of the Borrower or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Second Priority Collateral Document as security for any Second Priority Debt Obligation.

  • Term Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Underlying Collateral means, with respect to a Loan Asset, any property or other assets designated and pledged or mortgaged as collateral to secure repayment of such Loan Asset, as applicable, including, without limitation, mortgaged property and/or a pledge of the stock, membership or other ownership interests in the related Obligor and all proceeds from any sale or other disposition of such property or other assets.

  • Account Collateral means, with respect to each Account, such Account, together with all cash, securities, Financial Assets and investments and other property from time to time deposited or credited to such Account and all proceeds thereof, including, with respect to the Reserve Fund, the Reserve Fund Deposit and the Reserve Fund Amount.

  • Notes Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Collateral has the meaning specified in the Granting Clause of this Indenture.

  • Equivalent Collateral means, with respect to any security constituting Posted Collateral, a security of the same issuer and, as applicable, representing or having the same class, series, maturity, interest rate, principal amount or liquidation value and such other provisions as are necessary for that security and the security constituting Posted Collateral to be treated as equivalent in the market for such securities;

  • Security Collateral with respect to any Granting Party, collectively, the Collateral (if any) and the Pledged Collateral (if any) of such Granting Party.

  • Stock Collateral means, collectively, the Collateral described in clauses (a) through (c) of Section 3 hereof and the proceeds of and to any such property and, to the extent related to any such property or such proceeds, all books, correspondence, credit files, records, invoices and other papers.

  • Control Collateral means any Collateral consisting of any Certificated Security (as defined in Section 8-102 of the Uniform Commercial Code), Investment Property, Deposit Account, Instruments and any other Collateral as to which a Lien may be perfected through possession or control by the secured party, or any agent therefor.

  • Senior Collateral Agent means Citicorp USA, Inc., in its capacity as Senior Collateral Agent under the Senior Collateral Documents, and its successors.

  • Guarantor Collateral all of the property (tangible or intangible) purported to be subject to the lien or security interest purported to be created by any mortgage, deed of trust, security agreement, pledge agreement, assignment or other security document heretofore or hereafter executed by any Guarantor as security for all or part of the Obligations or the Guarantees.

  • Security Agreement Collateral means all "Collateral" as defined in the Security Agreement.

  • Swap Collateral means, at any time, any asset (including, without limitation, cash and/or securities) which is paid or transferred by a Swap Provider to the Guarantor (and not transferred back to the Swap Provider) as credit support to support the performance by such Swap Provider of its obligations under the relevant Swap Agreement together with any income or distributions received in respect of such asset and any equivalent of such asset into which such asset is transformed; for greater certainty, Contingent Collateral shall at all times be excluded from Swap Collateral;