DERIVATIVE ASSETS Sample Clauses

The 'Derivative Assets' clause defines how assets related to derivative transactions are to be treated within the agreement. It typically specifies the rights, obligations, and procedures regarding the holding, transfer, or segregation of collateral or other assets used in connection with derivatives. For example, it may outline how margin is posted, how collateral is valued, or under what conditions assets can be used or substituted. The core function of this clause is to ensure clarity and security in the management of assets tied to derivative contracts, thereby reducing counterparty risk and potential disputes.
DERIVATIVE ASSETS. The Mortgagor undertakes and agrees with the Trustee as trustee for the Secured Creditors that within 10 Business Days after the accrual, offer or issue of any Derivative Assets the Mortgagor will deposit with or to the order of the Trustee or with such Delegate as the Trustee may approve for this purpose all certificate(s) or other document(s) of title relating to such Derivative Assets and, within 10 Business Days after any such accrual, offer or issue, deliver to or to the order of the Trustee or any such Delegate transfer form(s) relating to same (with the name of the transferee, the consideration and the date left blank, but otherwise duly completed) duly executed by each person in whose name such certificate(s) or other document(s) of title is to the intent the Trustee shall hold such Derivative Assets as trustee for the Secured Creditors as security for the Secured Obligations and such Derivative Assets shall be subject to the provisions of this Memorandum in all respects as if they formed part of the Shares.
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DERIVATIVE ASSETS upon the accrual, offer or issue of any Derivative Assets (apart from dividends, interest payments or other payments of money, as the case may be, forming part of the Investments) which have not accrued or been offered or issued to the Security Trustee or its nominees as registered holder of the Investments to which those Derivative Assets relate deliver or pay to the Security Trustee (or procure the delivery or payment to the Security Trustee of) all such Derivative Assets and any certificates and other documents of title to or representing the same together with each of the documents required to be duly executed, completed and delivered under and in accordance with the terms of clause 5.1.2.
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DERIVATIVE ASSETS. Until the security hereby constituted shall have been discharged: (a) upon the accrual, offer or issue of any Derivative Assets, the Chargor shall, subject to Clause 4 above, deliver or pay to the Collateral Agent (or procure the delivery or payment to the Collateral Agent of) all such Derivative Assets or the certificates and other documents of title to or representing the same together with: (i) (if any such certificate or other document is not in the name or the sole name of the Chargor) a declaration of trust in respect of the Derivative Assets in question in favour of the Chargor (and containing a power of attorney in favour of the Chargor and the Collateral Agent severally to complete any partially completed transfer or assignment as is referred to below) executed by each person other than the Chargor in whose name such certificate or other document is; and (ii) an instrument of transfer or assignment of the relevant Derivative Assets (with the name of the transferee, the consideration and the date left blank, but otherwise duly completed), executed by each person whose name such certificate or other document of title bears; Provided that the Collateral Agent shall not complete any such transfer or assignment or take any other steps to register itself or any third party as the holder of the Derivative Assets until a Noticed Event of Default shall have occurred and provided that it is still continuing; (b) the Chargor shall ensure that all of the Pledged Securities are and at all times remains free from any restriction on transfer; and (c) the Chargor shall pay all calls or other payments due in respect of any part of the Pledged Securities, and in any case of default by the Chargor in this respect the Collateral Agent may if it thinks fit make any such payment on behalf of the Chargor, in which case the Chargor shall reimburse to the Collateral Agent on demand all sums so expended by the Collateral Agent together with interest at the rate for the time being payable by the Chargor to the Banks under the Credit Agreement from the date of such payment by the Collateral Agent to the date of its reimbursement by the Chargor, and, without prejudice to the provisions of Clauses 3 and 14 hereof, this Charge over Shares shall be a security to the Collateral Agent for all sums so expended by the Collateral Agent and such interest as aforesaid.
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Related to DERIVATIVE ASSETS

  • Title to Properties and Assets; Liens The Company has good and marketable title to its properties and assets, and has good title to all its leasehold interests, in each case subject to no material mortgage, pledge, lien, lease, encumbrance or charge, other than

  • Excluded Assets Buyer expressly understands and agrees that the following assets and properties of Seller and the Retained Subsidiaries (the “Excluded Assets”) shall be excluded from the Purchased Assets: (a) all of Seller’s and the Retained Subsidiaries’ cash and cash equivalents on hand and in banks (except for such amounts, if any, as the parties may agree will be retained by the Purchased Subsidiaries and not constitute Purchased Subsidiary Pre-Closing Cash (the “Transferred Cash”)); (b) insurance policies relating to the Business and all claims, credits, causes of action or rights thereunder (except for Buyer’s rights under Section 5.05); (c) all Intellectual Property Rights (other than the Business Intellectual Property Rights), including the marks and names set forth in Section 2.03 of the Disclosure Schedule (the “Seller Trademarks and Tradenames”), and including all royalties and/or other license payments under any Portfolio Cross-License; (d) all books, records, files and papers, whether in hard copy or computer format, prepared in connection with this Agreement or the transactions contemplated hereby (other than confidentiality agreements with any Person relating to the Business, copies of which will be made available to Buyer at the Closing (it being understood that the portion of such copies not relating to the Business may be redacted)) and all minute books and corporate records of Seller and the Retained Subsidiaries; (e) the property and assets described in Section 2.03 of the Disclosure Schedule; (f) all rights of Seller or any of the Retained Subsidiaries arising under the Transaction Documents or the transactions contemplated thereby; (g) all Purchased Assets sold or otherwise disposed of in the ordinary course of business during the period from the date hereof until the Closing Date in compliance with the terms hereof; and (h) all of Seller’s and the Retained Subsidiaries’ claims for and rights to receive Tax refunds relating to the Business arising on or prior to the Closing Date.

  • Title to Properties and Assets; Liens, Etc Except as set forth on Schedule 4.9, each of the Company and each of its Subsidiaries has good and marketable title to its properties and assets, and good title to its leasehold estates, in each case subject to no mortgage, pledge, lien, lease, encumbrance or charge, other than: (a) those resulting from taxes which have not yet become delinquent; (b) minor liens and encumbrances which do not materially detract from the value of the property subject thereto or materially impair the operations of the Company or any of its Subsidiaries; and (c) those that have otherwise arisen in the ordinary course of business. All facilities, machinery, equipment, fixtures, vehicles and other properties owned, leased or used by the Company and its Subsidiaries are in good operating condition and repair and are reasonably fit and usable for the purposes for which they are being used. Except as set forth on Schedule 4.9, the Company and its Subsidiaries are in compliance with all material terms of each lease to which it is a party or is otherwise bound.

  • Commingling Assets The assets of your IRA cannot be commingled with other property except in a common trust fund or common investment fund.

  • Title to Properties and Assets Each Group Company has good and marketable title to all respective properties and assets, in each case such property and assets are subject to no Liens. With respect to the property and assets it leases, each Group Company is in compliance with such leases and holds valid leasehold interests in such assets free of any Liens.