ADDITION OR SUBSTITUTION OF COLLATERAL Sample Clauses

ADDITION OR SUBSTITUTION OF COLLATERAL. In accordance with the terms of the Pledge Agreement, we hereby pledge the following securities to the Treasurer as Collateral: Issue and Coupon CUSIP No. Maturity Date Original Par Value Market Value (& factor if pool)
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ADDITION OR SUBSTITUTION OF COLLATERAL. In accordance with the terms of the Pledge Agreement, we hereby deliver the following to the Treasurer as Collateral: Issue and Coupon CUSIP No. Maturity Date Original Par Value Current Price (& factor if pool)
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ADDITION OR SUBSTITUTION OF COLLATERAL. In accordance with the terms of the Pledge Agreement, we hereby deliver the following to the Treasurer as Collateral: [Insert description of Letter of Credit or Insurance Policy]
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ADDITION OR SUBSTITUTION OF COLLATERAL. The Parent Guarantor or the Company may from time to time add new Eligible Equipment to the Borrowing Base (x) in order to remedy any deficiency in the Borrowing Base or (y) in substitution for any item of Eligible Equipment; provided that at the time of each such addition, substitution or removal: (a) no Event of Default hereunder exists or will exist giving effect thereto; and (b) if a replacement or substitution, such item(s) of Equipment is Eligible Equipment and is of the same or functionally similar type as the Equipment being replaced (e.g., dry cargo containers substituted for dry cargo containers and refrigerated containers substituted for refrigerated containers) and which are not otherwise selected by the Parent Guarantor or the Company using any adverse selection criteria (e.g., generally substituting off-lease Equipment for removed Equipment which is then on-lease), and having an aggregate Net Book Value not less than the aggregate Net Book Value of the Equipment being replaced or removed;.
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Related to ADDITION OR SUBSTITUTION OF COLLATERAL

  • Substitution of Collateral A Fund may substitute securities for any securities identified as Collateral by delivery to the Custodian of a Pledge Certificate executed by such Fund on behalf of the applicable Portfolio, indicating the securities pledged as Collateral.

  • Condition of Collateral Secured Party has no obligation to repair, clean-up or otherwise prepare the Collateral for sale.

  • Location of Collateral All tangible items of Collateral, other than Inventory in transit, shall at all times be kept by Borrowers at the business locations set forth in Schedule 8.6.1, except that Borrowers may (a) make sales or other dispositions of Collateral in accordance with Section 10.2.6; and (b) move Collateral to another location in the United States, upon 30 Business Days prior written notice to Agent.

  • Application of Collateral The proceeds of any sale, or other realization (other than that received from a sale or other realization permitted by the Credit Agreement) upon all or any part of the Pledged Collateral pledged by the Pledgors shall be applied by the Secured Party as set forth in Section 7.06 of the Credit Agreement.

  • Inspection of Collateral Lender and Lender's designated representatives and agents shall have the right at all reasonable times to examine and inspect the Collateral wherever located.