Initial Collateral Sample Clauses
The Initial Collateral clause defines the amount and type of collateral that a party must provide at the outset of a contractual relationship, typically in financial or derivatives agreements. This clause specifies the required value or assets to be posted before any transactions occur, ensuring that both parties have a security buffer against potential default. By establishing a clear baseline for collateralization, the clause helps manage credit risk and provides assurance that obligations will be met from the very beginning of the agreement.
Initial Collateral. By execution of each Initial Asset Pool One Account Assignment, the Issuing Entity included the Receivables existing on the applicable Cut-Off Date or thereafter created in the Accounts designated thereby, all Interchange and Recoveries related thereto, all monies due or to become due and all amounts received or receivable with respect thereto and the “proceeds” (including “proceeds” as defined in the applicable UCC) thereof and Insurance Proceeds relating thereto.
Initial Collateral. The Issuer hereby designates the Initial Collateral Certificate issued pursuant to the Series 2002-CC Supplement to the First USA Credit Card Master Trust Pooling and Servicing Agreement as an Asset Pool One Collateral Certificate. Such Initial Collateral Certificate shall be registered in the name of the Collateral Agent and delivered to the Collateral Agent on the date hereof in accordance with Section 4.14 and, unless written notice has been delivered to the Servicer, the Owner Trustee and the Indenture Trustee, shall be held by the Collateral Agent in the State of New York.
Initial Collateral. 19 ------------------ Section 2.2 Reinvestment in Collateral .............................................................. 19 -------------------------- Section
Initial Collateral. The property described at Schedule "B" attached hereto (the "Initial Collateral"), provided the Initial Collateral will have a value of no less than $6,000,000.
Initial Collateral. (a) All unencumbered present Real Estate owned directly by Grupo ▇▇▇▇▇▇▇ and its Restricted Subsidiaries15:
i. Fiesta Americana Reforma;
ii. Fiesta Americana Guadalajara16;
iii. Fiesta Americana Villas and Grand Fiesta Americana Hotel Los Cabos
iv. Live Aqua Residence Club, Los Cabos
Initial Collateral. By execution of the Original Asset Pool One Supplement, the Issuing Entity designated the First USA Collateral Certificate as an Asset Pool One Collateral Certificate. By execution of the Amended and Restated Asset Pool One Supplement, the Issuing Entity designated the Chase Collateral Certificate as an Asset Pool One Collateral Certificate. By execution of each Initial Asset Pool One Account Assignment, the Issuing Entity included the Receivables existing on the applicable Cut-Off Date or thereafter created in the Accounts designated thereby, all Interchange and Recoveries related thereto, all monies due or to become due and all amounts received or receivable with respect thereto and the “proceeds” (including “proceeds” as defined in the applicable UCC) thereof and Insurance Proceeds relating thereto. The First USA Collateral Certificate was registered in the name of the Collateral Agent and delivered to the Collateral Agent on or about the Initial Issuance Date. The Chase Collateral Certificate was registered in the name of the Collateral Agent and delivered to the Collateral Agent on or about the Chase CC Issuance Date. Unless written notice has been delivered to the Servicer, the Owner Trustee and the Indenture Trustee, each Asset Pool One Collateral Certificate shall continue to be held by the Collateral Agent in the State of New York.
Initial Collateral. On the date hereof, the Pledgor has no interest in any Certificated Security, Uncertificated Security, Instrument, Security Entitlement, Financial Asset or Investment Property or in any certificate, Document or Instrument evidencing or representing any Collateral (other than the Hilton Note) and the Hilton Note is, or promptly after issuance, will be, in the possession of the Hilton Note Custodian subject to the terms of the Hilton Custodial Agreement. The Pledgor has no Deposit Accounts on the date hereof other than the Collection Account. The Collection Account is subject to a Deposit Account Control Agreement. The Pledgor has no Securities Accounts on the date hereof.
Initial Collateral. On any day that an Advance is funded, the Borrower shall make Delivery to the Lender of Collateral satisfactory to the Lender in an amount so that the Current Market Value of the Collateral (determined as of the close of business on the Business Day immediately preceding such Delivery) is at least equal to the Collateral Requirement.
Initial Collateral. The property described at Schedule "B" attached hereto (the "Initial Collateral").
Initial Collateral. The Borrower Pledge Agreement, upon delivery by Borrower to Lender of the certificates evidencing the Units and executed transfer powers in respect thereof, and the Borrower Control Agreement, upon its execution and delivery by the parties thereto, will create a valid, perfected first priority security interest in and to the Initial Collateral, all in accordance with the Borrower Pledge Agreement or the Borrower Control Agreement, as the case may be, for which a Lien can be perfected pursuant to and in accordance with the UCC.