Deposit of Eligible Collateral Clause Samples

Deposit of Eligible Collateral. The Corporation shall cause to be delivered to the Custodian all original documents and papers which are utilized in the creation and making of a Portfolio Loan, which documents shall include but not be limited to the Portfolio Loan promissory note, any instrument of mortgage or other Portfolio Loan collateral arrangements, any instruments of Portfolio Loan repayment guarantee or any document or documents which modify the terms and provisions of an existing Portfolio Loan (collectively "Loan Documents"). The Custodian shall provide a receipt to the Corporation for each set of Loan Documents received hereunder. Such Loan Documents shall be delivered to the Custodian by the Corporation within five (5) business days of each Portfolio Loan consummation. Each set of Loan Documents will be retained in the custody of the Custodian until such time as a Portfolio Loan to which such Loan Documents relate is paid off by the borrower thereof (or any guarantor) or is otherwise satisfied, at which time the Custodian shall deliver such Loan Documents to the borrower or other entitled entity or person. All Portfolio Loans delivered by the Corporation to the Custodian under this Agreement shall be originated in the manner and shall have the characteristics described in the Prospectus which relates to the public offer and sale of the Notes.
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Deposit of Eligible Collateral. (a) The Funding 2 Collateralised GIC Account Bank will ensure that on any Valuation Date on which amounts are credited to the Funding 2 Collateralised GIC Account, Eligible Collateral having an aggregate Value at least equal to the Required Collateral Amount is credited to the GIC Collateral Custody Account. (b) Subject to sub-paragraph (c) below, if the Collateral Shortfall Amount on any Valuation Date is greater than zero, the Funding 2 Collateralised GIC Account Bank will, by the Deposit Cut-off Date, deposit Eligible Collateral into the GIC Collateral Custody Account having an aggregate Value as of the date of deposit at least equal to the Collateral Shortfall Amount as at such Deposit Cut-off Date. (c) If, by the Deposit Cut-off Date in respect of a Valuation Date, the Collateral Shortfall Amount is zero, the Funding 2 Collateralised GIC Account Bank will not have an obligation to deposit Eligible Collateral into the GIC Collateral Custody Account.
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Related to Deposit of Eligible Collateral

  • Eligible Collateral (a) As used herein the term “Eligible Collateral” shall mean the amount of Collateral which has an aggregate fair market value equal to the amount by which the Pledgor is in default (without regard to any amounts owing solely as the result of an acceleration of the Loan Agreement) or such lesser amount of Collateral as may be required pursuant to section 13 of this Pledge Agreement.

  • Assemble Collateral Lender may require Grantor to deliver to Lender all or any portion of the Collateral and any and all certificates of title and other documents relating to the Collateral. Lender may require Grantor to assemble the Collateral and make it available to Lender at a place to be designated by Lender. Lender also shall have full power to enter upon the property of Grantor to take possession of and remove the Collateral. If the Collateral contains other goods not covered by this Agreement at the time of repossession, Grantor agrees Lender may take such other goods, provided that Lender makes reasonable efforts to return them to Grantor after repossession.

  • LOAN OF GOVERNMENT PROPERTY The parties shall enter into a NASA Form 893, Loan of NASA Equipment, for NASA equipment loaned to Partner.

  • Negotiable Collateral In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that perfection or priority of Agent's security interest is dependent on or enhanced by possession, the applicable Borrower, immediately upon the request of Agent, shall endorse and deliver physical possession of such Negotiable Collateral to Agent.

  • Letter of Credit Collateral Account (a) As collateral security for the prompt payment in full when due of all Letter of Credit Liabilities and the other Obligations, the Borrower hereby pledges and grants to the Administrative Agent, for the ratable benefit of the Administrative Agent, the Issuing Bank and the Lenders as provided herein, a security interest in all of its right, title and interest in and to the Letter of Credit Collateral Account and the balances from time to time in the Letter of Credit Collateral Account (including the investments and reinvestments therein provided for below). The balances from time to time in the Letter of Credit Collateral Account shall not constitute payment of any Letter of Credit Liabilities until applied as provided herein. Anything in this Agreement to the contrary notwithstanding, funds held in the Letter of Credit Collateral Account shall be subject to withdrawal only as provided in this Section. (b) Amounts on deposit in the Letter of Credit Collateral Account shall be invested and reinvested by the Administrative Agent in such Cash Equivalents as the Administrative Agent shall determine in its sole discretion. All such investments and reinvestments shall be held in the name of and be under the sole dominion and control of the Administrative Agent for the ratable benefit of the Administrative Agent, the Issuing Bank and the Lenders; provided, that all earnings on such investments will be credited to and retained in the Letter of Credit Collateral Account. The Administrative Agent shall exercise reasonable care in the custody and preservation of any funds held in the Letter of Credit Collateral Account and shall be deemed to have exercised such care if such funds are accorded treatment substantially equivalent to that which the Administrative Agent accords other funds deposited with the Administrative Agent, it being understood that the Administrative Agent shall not have any responsibility for taking any necessary steps to preserve rights against any parties with respect to any funds held in the Letter of Credit Collateral Account. (c) If a drawing pursuant to any Letter of Credit occurs on or prior to the expiration date of such Letter of Credit, the Borrower and the Lenders authorize the Administrative Agent to use the monies deposited in the Letter of Credit Collateral Account to reimburse the Issuing Bank for the payment made by the Issuing Bank to the beneficiary with respect to such drawing. (d) If an Event of Default exists, the Administrative Agent may (and, if instructed by the Requisite Lenders, shall) in its (or their) discretion at any time and from time to time elect to liquidate any such investments and reinvestments and apply the proceeds thereof to the Obligations in accordance with Section 11.5. (e) So long as no Default or Event of Default exists, and to the extent amounts on deposit in or credited to the Letter of Credit Collateral Account exceed the aggregate amount of the Letter of Credit Liabilities then due and owing, the Administrative Agent shall, from time to time, at the request of the Borrower, deliver to the Borrower within ten (10) Business Days after the Administrative Agent’s receipt of such request from the Borrower, against receipt but without any recourse, warranty or representation whatsoever, such amount of the credit balances in the Letter of Credit Collateral Account as exceeds the aggregate amount of Letter of Credit Liabilities at such time. When all of the Obligations shall have been paid in full and no Letters of Credit remain outstanding, the Administrative Agent shall deliver to the Borrower, against receipt but without any recourse, warranty or representation whatsoever, the balances remaining in the Letter of Credit Collateral Account. (f) The Borrower shall pay to the Administrative Agent from time to time such fees as the Administrative Agent normally charges for similar services in connection with the Administrative Agent’s administration of the Letter of Credit Collateral Account and investments and reinvestments of funds therein.