Uncollateralized definition

Uncollateralized means MTM changes are not fully offset by variation margin (this includes instances where collateral agreements include thresholds).
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Uncollateralized means transactions for which collateral (money or substitute securities, etc.) is not deposited or received.
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Examples of Uncollateralized in a sentence

  • Uncollateralized product risk Uncollateralized Derivative Products are not asset backed.

  • The LOC Commission Rate in respect of the Uncollateralized Portion of the LOCs shall be determined in accordance with the pricing grid above.

  • Interest on Uncollateralized Prime Rate Advances then outstanding shall also be due and payable on the Maturity Date.

  • The Borrower will, or will cause an applicable Subsidiary to, upon the request of the Collateral Agent, delivered after the occurrence and during the continuance of an Event of Default, promptly deliver mortgages, deeds of trust, chattel mortgages and other security agreements covering any Uncollateralized Property as the Collateral Agent may request.

  • When any Uncollateralized Prime Rate Advances are to be converted, in whole or in part, to Bankers' Acceptances, the Borrower shall repay and there shall become due and payable on the Drawing Date, the principal amount of such Uncollateralized Prime Rate Advances which are to be so converted.

  • Upon such Payment Date such Uncollateralized Prime Rate Advance will, subject to the provisions hereof, be so repaid and, as applicable, reborrowed.

  • The Borrower may convert the Uncollateralized Prime Rate Advance on any Business Day.

  • Interest on each Uncollateralized Prime Rate Advance shall be computed daily and shall be payable at the Prime Rate Basis for such Advance, in arrears on the applicable Payment Date.

  • Any reduction of the Commitment effected pursuant to this Section 2.9(b) shall be applied pro rata as between the Uncollateralized Portion of the Commitment and the remaining portion of the Commitment.

  • You should therefore pay close attention to the financial strength and credit worthiness of derivative product issuers.若衍生產品發行商破產而未能履行其對所發行證券的責任，你只被視為無抵押債權人，對發行商任何資產均無優先索償權。因此，你須特別留意衍生產品發行商的財力及信用。 Uncollateralized derivative products are not asset backed.

Related to Uncollateralized

  • Cash Collateralized and “Cash Collateralization” shall have a meaning analogous to the foregoing and shall include the proceeds of such cash collateral and other credit support.

  • Cross-Collateralized Group Any group of Mortgage Loans that are cross-collateralized and cross-defaulted with each other; provided that a Mortgage Loan shall be part of a Cross-Collateralized Group only if and for so long as such Mortgage Loan is cross-collateralized and cross-defaulted with each other Mortgage Loan in such Cross-Collateralized Group. There are no Cross-Collateralized Groups included as assets of the Trust as of the Closing Date.

  • Cash Collateralization has a correlative meaning.

  • Letter of Credit Collateralization means either (a) providing cash collateral (pursuant to documentation reasonably satisfactory to Agent, including provisions that specify that the Letter of Credit Fees and all commissions, fees, charges and expenses provided for in Section 2.11(k) of the Agreement (including any fronting fees) will continue to accrue while the Letters of Credit are outstanding) to be held by Agent for the benefit of the Revolving Lenders in an amount equal to 105% of the then existing Letter of Credit Usage, (b) delivering to Agent documentation executed by all beneficiaries under the Letters of Credit, in form and substance reasonably satisfactory to Agent and Issuing Bank, terminating all of such beneficiaries’ rights under the Letters of Credit, or (c) providing Agent with a standby letter of credit, in form and substance reasonably satisfactory to Agent, from a commercial bank acceptable to Agent (in its sole discretion) in an amount equal to 105% of the then existing Letter of Credit Usage (it being understood that the Letter of Credit Fee and all fronting fees set forth in the Agreement will continue to accrue while the Letters of Credit are outstanding and that any such fees that accrue must be an amount that can be drawn under any such standby letter of credit).

  • Letter of Credit Undrawn Amounts means, at any time, the aggregate undrawn face amount of all Letters of Credit outstanding at such time.