Delivered Collateral definition

Delivered Collateral means the Collateral delivered by the Issuer to the Swap Counterparty under the Default Swap as described in paragraph 20(B)(ii) below relating to such Credit Event.
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Delivered Collateral means the Collateral delivered by the Company to the Counterparty under the Credit Derivative Transaction below relating to the relevant Credit Event and satisfaction of the relevant Conditions to Settlement.
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Delivered Collateral means the Collateral delivered by the Issuer to the Swap Counterparty under the Default Swap as described in paragraph 20(B)(ii) below relating to such Credit Event. Purchases: (C) Condition 8.5 (Purchases) (as amended in paragraph 29 below) will apply to the Notes. No other Optional Redemption: (D) Conditions 8.4, 8.6, 8.7, 8.8 and 8.11 will not apply to theNotes. Early Redemption: (E) The Notes shall be redeemed if, at any time, the aggregate of the Outstanding Principal Amounts thereof is reduced to zero. In such event, no payments will be due by the Issuer to the Noteholders in respect of principal or interest under the Notes and the date of such redemption shall be the relevant Cash Settlement Date on which the Principal Amount Reduction is determined resulting in the aggregate of the Outstanding Principal Amounts of all the Notes being reduced to zero (such date, the "Early Redemption Date"). For the purposes of redemption pursuant to this sub-paragraph 13(E), the Redemption Amount for each Note shall be its pro rata share of the Additional Reserve Account Balance (if any) as at the close of business on the Relevant Business Day immediately preceding the Early Redemption Date, after taking into account any interest accruing thereon on such date and, for the avoidance of doubt, after taking into account any amounts that would be required to be deducted from the Additional Reserve Account Balance on the Cash Settlement Date relating to such Early Redemption Date for application in full or partial satisfaction of the Issuer's obligation to make a payment of a Cash Settlement Amount pursuant to the Default Swap. Accelerated Redemption: (F) If, in accordance with the terms of the Default Swap, (i) anEvent Notice is delivered by the Swap Counterparty to the Issuer and a further notice is given by the Swap Counterparty (which may constitute part of the same notice as the Event Notice) to the Issuer designating an Accelerated Termination Date or (ii) the Termination Date is deemed to be an Accelerated Termination Date then, the Notes shall be redeemed (in whole) on the day that falls on the fifth Relevant Business Day following the Accelerated Termination Date (the "Accelerated Redemption Date") and the security constituted or created pursuant to the Trust Instrument shall become enforceable (if the same shall not already have become enforceable in accordance with the Conditions). For the purposes of redemption pursuant to this sub-paragraph 13(F), the Redem...
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Examples of Delivered Collateral in a sentence

  • If the aggregate of the Outstanding Principal Amount of the Notes at any time is an amount equal to zero, this Transaction will terminate upon the delivery of the Delivered Collateral by Party B to Party A in respect of outstanding Cash Settlement Amounts pursuant hereto and no further payment (including any payments in respect of 6(e) of the Agreement) or other obligation will be due from a party to the other in respect of this Transaction.

  • On each Cash Settlement Date (as defined in the Default Swap) in respect of a Credit Event (as defined in the Default Swap), the Outstanding Principal Amount of each Note shall be reduced by an amount in USD (a “Principal Amount Reduction”) determined by the Swap Calculation Agent in respect of any Cash Settlement Date, as being an amount in USD equal to the nominal amount of the Delivered Collateral delivered on such Cash Settlement Date, divided by the number of Notes on such Cash Settlement Date.

  • If the aggregate Outstanding Principal Amount of the Notes at any time is an amount equal to zero, this Transaction will terminate upon the delivery of the Delivered Collateral, by Party B to Party A in respect of payments of Cash Settlement Amounts pursuant to the Default Swap (as more fully described therein), and no further payment (including any payments in respect of Section 6(e) of the Agreement) or other obligation will be due from one party to the other in respect of this Transaction.

  • If the aggregate of the Outstanding Principal Amounts of the Notes at any time is an amount equal to zero, this Transaction will terminate upon the delivery of the Delivered Collateral by Party B to Party A in respect of outstanding Cash Settlement Amounts pursuant hereto and no further payment (including any payments in respect of 6(e) of the Agreement) or other obligation will be due from a party to the other in respect of this Transaction.

  • On each Cash Settlement Date (as defined in the Default Swap) in respect of a Credit Event (as defined in the Default Swap), the Outstanding Principal Amount of each Note shall be reduced by an amount in USD (a “Principal Amount Reduction”) determined by the Swap Calculation Agent in respect of any Cash Settlement Date, as being an amount in USD equal to the nominal amount of the Delivered Collateral deliveredon such Cash Settlement Date, divided by the number of Notes on such Cash Settlement Date.

  • In no event shall Party B be liable to deliver Delivered Collateral having a nominal amount greater than the Class B Tranche Amount.

  • After execution of a Secured Delivered Collateral Loan by Secured Borrower, and as a condition precedent to the release of the proceeds of such Secured Delivered Collateral Loan to Secured Borrower, Secured Borrower shall Deliver pursuant to the Standard Pledge Eligible Collateral having an aggregate Value at least equal to the principal amount plus the Premium Amount of the Secured Delivered Collateral Loan.

  • With respect to any Secured Delivered Collateral Loan, it shall be a condition precedent for the Secured Lender’s obligation under these Standard Terms that the Secured Borrower has Delivered pursuant to the Standard Pledge Eligible Collateral in accordance with Section 1.5(b)(ii) hereof.

  • On each Cash Settlement Date (as defined in the Default Swap) in respect of a Credit Event under the Reference Swap, the Outstanding Principal Amount of each Note shall be reduced by an amount (a "Principal Amount Reduction") determined by the Swap Calculation Agent, in respect of any Cash Settlement Date, as being an amount in SGD equal to the nominal amount of the Delivered Collateral delivered on such Cash Settlement Date, divided by the number of Notes outstanding on such Cash Settlement Date.

  • Better Legal documentation: Single Loan Securitized Debt structures involve better legal documentation than Non Convertible Debenture (NCD) investments.


More Definitions of Delivered Collateral

Delivered Collateral means the Collateral delivered by the Issuer
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Delivered Collateral means the
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Delivered Collateral means, in respect of each Cash Settlement Amount, a nominal amount of Bond Collateral, the Collateral Market Value of which shall be an amount, determined by the Swap Calculation Agent which is not less than the greater of (i) the applicable Collateral Floor Amount and (ii) the Applicable Collateral Market Value, provided that:
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Related to Delivered Collateral

  • Combined Collateral LLC: Combined Collateral LLC, a Delaware limited liability company.

  • Shared Collateral means, at any time, Collateral in which the holders of two or more Series of First-Lien Obligations hold a valid and perfected security interest at such time. If more than two Series of First-Lien Obligations are outstanding at any time and the holders of less than all Series of First-Lien Obligations hold a valid and perfected security interest in any Collateral at such time, then such Collateral shall constitute Shared Collateral for those Series of First-Lien Obligations that hold a valid security interest in such Collateral at such time and shall not constitute Shared Collateral for any Series which does not have a valid and perfected security interest in such Collateral at such time.

  • Pledged Collateral has the meaning assigned to such term in Section 2.01.

  • As-Extracted Collateral means “as-extracted collateral” as such term is defined in the Uniform Commercial Code as in effect on the date hereof in the State of New York.

  • Permitted Collateral Liens means (a) in the case of Collateral other than Mortgaged Property, the Liens permitted under Section 6.01 and (b) in the case of Mortgaged Property, “Permitted Collateral Liens” shall mean the Liens described in clauses (a), (c), (d), (g), (h), (o), (p) and (u) of Section 6.01.

  • UCC Collateral is defined in Section 3.03.

  • Pledged or Controlled Collateral has the meaning assigned to such term in Section 5.05(a).

  • 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.

  • Posted Collateral means all Eligible Collateral, other property, Distributions, and all proceeds thereof that have been Transferred to or received by the Secured Party under this Annex and not Transferred to the Pledgor pursuant to Paragraph 3(b), 4(d)(ii) or 6(d)(i) or released by the Secured Party under Paragraph 8. Any Interest Amount or portion thereof not Transferred pursuant to Paragraph 6(d)(ii) will constitute Posted Collateral in the form of Cash.

  • Collateral has the meaning set forth in Section 2.

  • 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 means any “Collateral” as defined in any Credit Agreement Loan Document or any other Senior 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 Senior Collateral Document as security for any Senior Obligations.

  • U.S. Collateral means the “Collateral” (or any equivalent term) as defined in the U.S. Security Agreement or any other applicable U.S. Security Document, together with any other assets (whether Real Property or personal property) pledged pursuant to any U.S. Security Document.

  • 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.

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

  • Swap Collateral means all right, title and interest of Party B in this Agreement, each Transaction hereunder, and all present and future amounts payable by Party A to Party B under or in connection with this Agreement or any Transaction governed by this Agreement, including, without limitation, any transfer or termination of any such Transaction.

  • First Priority Lien Obligations means (i) all Secured Bank Indebtedness, (ii) all other Obligations (not constituting Indebtedness) of the Issuer and its Restricted Subsidiaries under the agreements governing Secured Bank Indebtedness and (iii) all other Obligations of the Issuer or any of its Restricted Subsidiaries in respect of Hedging Obligations or Obligations in respect of cash management services, in each case owing to a Person that is a holder of Indebtedness described in clause (i) or Obligations described in clause (ii) or an Affiliate of such holder at the time of entry into such Hedging Obligations or Obligations in respect of cash management services.

  • 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.

  • 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.

  • Excluded Collateral shall have the meaning assigned to such term in the Security Agreement.

  • Permitted Priority Liens means (i) Liens permitted under Section 9.02(c), (d), (e), (f), (g), and (j), and (ii) Liens permitted under Section 9.02(b) provided that such Liens are also of the type described in Section 9.02(c), (d), (e), (f), (g), and (j).

  • Contested Collateral Lien Conditions means, with respect to any Permitted Lien of the type described in clauses (a), (b), (e) and (f) of Section 6.02, the following conditions:

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

  • Indenture Collateral has the meaning set forth in the Granting Clause of the Indenture.

  • Senior Collateral Documents means the Security Agreement and the other “Security Documents” as defined in the Credit Agreement, the Pari Intercreditor Agreement (upon and after the initial execution and delivery thereof by the initial parties thereto) and each of the collateral agreements, security agreements and other instruments and documents executed and delivered by the Borrower or any other Grantor for purposes of providing collateral security for any Senior Obligation.