Multiple Pieces of Collateral Clause Samples

Multiple Pieces of Collateral. A repurchase/reverse repurchase agreement with multiple pieces of collateral must have a collateral count to indicate how many pieces of collateral are linked to the agreement. Multiple transactions are required to facilitate the communication of a multi collateral repo agreement. Overall, data elements that are not unique to multi-collateral should be consistent with the single collateral repo instruction. The following additional business elements are required from a custody perspective: - Number Count – this indicates which number (relative to the total pieces of collateral) a single piece of represents (for instance 2nd piece of 4) - Total Pieces of Collateral – this indicates the total number of pieces of collateral comprising a repo deal - Termination Amount per piece of Collateral – this indicates the total termination amount per piece of collateral
View SourceView Similar (2)
Multiple Pieces of Collateral. A repurchase/reverse repurchase agreement with multiple pieces of collateral must have a collateral count to indicate how many pieces of collateral are linked to the agreement. Multiple transactions are required to facilitate the communication of a multi collateral repo agreement. Overall, data elements that are not unique to multi-collateral should be consistent with the single collateral repo instruction. The following additional business elements are required from a custody perspective: - Number Count – this indicates which number (relative to the total pieces of collateral) a single piece of represents (for instance 2nd piece of 4)
View SourceView Similar (2)

Related to Multiple Pieces of Collateral

  • Types of Collateral None of the Collateral consists of, or is the Proceeds of, As-Extracted Collateral, Consumer Goods, Farm Products, Manufactured Homes or standing timber.

  • Locations of Collateral (a) Properties Owned by the Grantor: (b) Properties Leased by the Grantor or other related entity (Include Landlord’s Name): (c) Public Warehouses or other Locations pursuant to Bailment or Consignment Arrangements (include name of Warehouse Operator or other Bailee or Consignee):

  • Proceeds of Collateral Borrowers shall request in writing and otherwise take all necessary steps to ensure that all payments on Accounts or otherwise relating to Collateral are made directly to a Dominion Account (or a lockbox relating to a Dominion Account). If any Borrower or Subsidiary receives cash or Payment Items with respect to any Collateral, it shall hold same in trust for Agent and promptly (not later than the next Business Day) deposit same into a Dominion Account.

  • Loss of Collateral There occurs any uninsured loss to any material portion of the Collateral; or

  • Releases of Collateral (i) If any Collateral shall be sold, transferred or otherwise disposed of by any Obligor in a transaction permitted by the Credit Agreement, then the Administrative Agent, at the request and sole expense of such Obligor, shall promptly execute and deliver to such Obligor all releases and other documents, and take such other action, reasonably necessary for the release of the Liens created hereby or by any other Collateral Document on such Collateral. (ii) The Administrative Agent may release any of the Pledged Equity from this Agreement or may substitute any of the Pledged Equity for other Pledged Equity without altering, varying or diminishing in any way the force, effect, lien, pledge or security interest of this Agreement as to any Pledged Equity not expressly released or substituted, and this Agreement shall continue as a first priority lien on all Pledged Equity not expressly released or substituted.