Examples of Cash Collateral Accounts in a sentence
For the purpose of collateral monitoring and ensuring orderly settlement of the Account Holders’ payable amounts, eSett needs to have up to date information about the balances and transactions on the Account Holders’ Cash Accounts and Cash Collateral Accounts (if such account is agreed to be used as collateral under the Non- Pledged Cash Account and Cash Collateral Agreement).
The Settlement Bank shall make available to eSett information about the balance and transactions on the Cash Accounts and also on the Cash Collateral Accounts (as defined below) in the form and according to the procedures and schedule described in Appendix 1 and also at any time reasonably requested by eSett.
The Settlement Bank shall make daily end-of-day transaction and balance reports on the Account Holders’ Cash Accounts and Cash Collateral Accounts available to eSett in the MT940 format defined by SWIFT.
The Subordination Agent shall establish and maintain the Cash Collateral Accounts pursuant to and under the circumstances set forth in Section 3.05(f).
Interest Drawings under the Liquidity Facilities and withdrawals from the Cash Collateral Accounts, in each case, in respect of interest on the Certificates of any Class, will be distributed to the Trustee for such Class of Certificates, notwithstanding Sections 2.01(b) and 3.02.