Administration of Cash Collateral. (i) Chase is hereby authorized to act as the administrator of Cash Collateral in accordance with the investment guidelines annexed hereto as Appendix 4. (ii) Authorized Investments are made for the account of, and at the sole risk of, Lender. In that connection, Lender shall pay to Chase on demand in cash an amount equal to any deficiency in the amount of Collateral available for return to a Borrower under a Loan with Lender pursuant to an applicable MSLA. Chase is authorized to select brokers and dealers for the execution of trades in connection with the administration of Cash Collateral, which broker or dealer may be an affiliate of Chase provided that a competitive execution price is obtained.
Administration of Cash Collateral. B. Party B Eligibility to Hold Cash. [x] Party B shall be entitled to hold Performance Assurance in the form of Cash provided that the following conditions are satisfied: (1) it is not a Defaulting Party and no Material Adverse Change has occurred with respect to Party B; (2) Performance Assurance shall be held only in any jurisdiction within the United States; and (3) Performance Assurance shall be held only by a Qualified Institution. To the extent Party B is entitled to hold Cash, the Interest Rate payable to Party A on Cash shall be as selected below: Party B Interest Rate. [x] Federal Funds Effective Rate - the rate for that day opposite the caption “Federal Funds (Effective)” as set forth in the weekly statistical release designated as H.15(519), or any successor publication, published by the Board of Governors of the Federal Reserve System.
Administration of Cash Collateral. B. Party B Eligibility to Hold Cash. [x] Party B shall be entitled to hold Performance Assurance in the form of Cash provided that the following conditions are satisfied: (1) it is not a Defaulting Party and no Material Adverse Change has occurred with respect to Party B; (2) Performance Assurance shall be held only in any jurisdiction within the United States; and (3) Performance Assurance shall be held only by a Qualified Institution. To the extent Party B is entitled to hold Cash, the Interest Rate payable to Party A on Cash shall be as selected below:.
Administration of Cash Collateral. A. Party A Eligibility to Hold Performance Assurance in form of Cash; Interest Rate. Note: if neither of the two options immediately below is selected, then Option A shall apply. 🞏 Option A: Party A shall not be entitled to hold Performance Assurance in the form of Cash. Performance Assurance in the form of Cash shall be held solely by a Custodial Bank in accordance with Section 6(b) of the Collateral Annex.
Administration of Cash Collateral. A. Party A Eligibility to Hold Performance Assurance in form of Cash; Interest Rate. Note: if neither of the two options immediately below is selected, then Option A shall apply. □ Option A: Party A shall not be entitled to hold Performance Assurance in the form of Cash. Performance Assurance in the form of Cash shall be held solely by a Custodial Bank in accordance with Section 6(b) of the Collateral Annex. X Option B: Party A shall be entitled to hold Performance Assurance in the form of Cash under Section 6(a)(i), (ii) and (iii) of the Collateral Annex, provided, that no Downgrade Event has occurred with respect to Party A. To the extent Party A is entitled to hold Cash, the Interest Rate payable to Party B on Cash shall be as elected below:
Administration of Cash Collateral
