Collateral adviser

Both the obligations of the Collateral Manager and Collateral Adviser will be set out in Collateral Management and Advice Agreement (CMAA). 

His serious reply was, Well we could take the deed to your car as collateral. If you don t pay up, we get the car. But I advise you to give yourself three months to pay off the loan. You don t want to risk a cashflow problem. ... 

In bleeding oesophageal varices, adjuvant medication therapy is advisable for reducing portal hypertension. This can be achieved by (i.) lowering vascular resistance with the help of vasodilators, (2.) cutting down the blood flow into the oesophageal collaterals with the help of substances which restrict the arterial splanchnic circulation, or (3.) applying a combination of these two therapeutic procedures. (61,83,100,150,160,190)... 

A structured transaction can raise a significant number of tax issues for all the involved parties. A detailed analysis of any potential income or wealth tax liability in the place of incorporation of the issuer, which will use funds that otherwise will be paid to the junior investors, potential withholding tax issues, which will make the investors receive their return net unless gross-up is provided for, and VAT issues for services received by the SPV should be made. Also, a complete analysis of the tax risks raised as a consequence of the relationship of the issuer with the collateral manager or collateral advisor is advisable. ... 

The Collateral Manager and the Collateral Advisor are entitled to an annual fee to be paid on the Final Closing Date and on each anniversary thereafter. For US consolidation reasons, it is usually advisable to make sure that the payment of fees to the Collateral Manager and Collateral Advisor are not linked to the performance of the portfolio and rank senior to the Junior Noteholders. 

We should emphasize, however, that the IMA exclusion or embolization in patients with SMA stenosis or prior partial colectomy where the collateral pathways between the IMA and SMA have been interrupted, is not advised [31]. 

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