Excess Collateral Clause Samples
The Excess Collateral clause defines how collateral provided by a party that exceeds the required amount is handled under an agreement. Typically, this clause outlines the process for identifying, returning, or managing any collateral that is above the specified threshold, such as returning surplus funds or securities to the pledgor. Its core function is to ensure that parties do not unnecessarily tie up assets beyond what is contractually required, thereby promoting efficient use of resources and reducing the risk of over-collateralization.
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Excess Collateral. If no Event of Default or Potential Default exists and no Borrowing Excess exists or would occur (after taking into account any corresponding payment on the Obligation) as a result of the release, Borrower may, by a Release Request delivered to Administrative Agent by 11:00 a.m. on the Business Day of the release, request that Administrative Agent release the Lender Liens on any Collateral.
Excess Collateral. Upon the request of Customer, Broker shall Advise Custodian and Customer of any Collateral in any Special Custody Account in excess of the Adequate Margin then required for the Secured Obligations. At Customer’s request and upon Broker’s Advice, such excess shall be transferred from such Special Custody Account to an account of Customer at Custodian. Customer represents and warrants to Broker that the Collateral shall be at all times in good, freely deliverable and transferable form (or Custodian shall have the unrestricted power to put such securities into good, freely deliverable and transferable form) in accordance with the requirements of such exchanges and other markets as may be the primary market or markets for such Collateral.
Excess Collateral. If no Event of Default or Potential Default exists, and no Borrowing Excess exists or would occur (after taking into account any corresponding payment on the Obligation) as a result of the release, Co-Borrowers may, by a Release Request delivered to Administrative Agent by 11:00 a.m. on the Business Day of the release, request that Administrative Agent release the Lender Liens on any Collateral.
Excess Collateral. Upon the request of Customer, Broker shall Advise Bank and Customer of any excess of Collateral in the Special Custody Account. Such excess shall at Customer's request be transferred therefrom upon Advice from Broker. Customer represents and warrants to Broker that securities included at any time in the Collateral shall be in good deliverable form (or bank shall have the unrestricted power to put such securities into good deliverable form) in accordance with the requirements of such exchanges as may be the primary market or markets for such securities.
Excess Collateral. Upon the request of Customer, Broker shall advise Bank and Customer of any excess of Collateral in the Special Custody Account. Such excess shall at Customer's request be transferred therefrom upon Advice from Broker.
Excess Collateral. If the conditions for the release of margin under the Customer Agreement have been met, upon Customer’s request to release Collateral to Customer or to a third party, Broker shall promptly Advise Custodian to release Collateral to the extent that after giving effect to such release, Customer will be in compliance with all of its activities and agreements with Broker, including without limitation Section 4(a) and 4(e). For the avoidance of doubt, amounts available for release shall be reduced by the amount of any outstanding margin calls, and irrespective of the value of Collateral credited to the Deposit Account(s), Broker will comply with Customer’s request to release Collateral from the Special Custody Account, only to the extent that such release will not cause a Securities Margin Deficiency.
Excess Collateral. Upon the request of Customer, from time to time, Broker may, if it determines such to be the case, issue an Advice to Custodian and Customer of any Collateral in any Special Custody Account which is in excess of the Adequate Margin and identify those Eligible Assets that may be removed from the Special Custody Account.
Excess Collateral. If marking-to-market results in an amount of Collateral that is in excess of the margin amount that is required to be maintained pursuant to the SLA, NFS will reallocate or return such amount of excess Collateral pursuant to the terms of the SLA.
Excess Collateral. Unless an Event of Default occurs, Collateral in excess of the value requirements is available for withdrawal at Debtor's request to Bank, free and clear of its lien. Debtor will provide reasonable time, information and cooperation for Debtor withdrawal requests. No Intermediary is authorized to release Collateral, or allow excess Collateral withdrawals, without written consent of an authorized employee of Bank's applicable credit department.
Excess Collateral. If, on any Business Day that falls on or after the Collateral Commencement Date, the aggregate Margin Value of the Eligible Collateral in the Retrocedent Account exceeds the Required Collateral Amount (as most recently determined pursuant to this Agreement and notified by the Retrocedent to the Retrocessionaire in accordance with Clause 6.2.) (the amount of such excess being the Excess Collateral Amount), the Retrocessionaire shall be entitled to demand redelivery of the Excess Collateral Amount and the Retrocedent shall transfer Eligible Collateral from the Retrocedent Account to the Retrocessionaire Account having an aggregate Margin Value equal to the Excess Collateral Amount.