Common use of Counterparty Downgrade Collateral Account Clause in Contracts

Counterparty Downgrade Collateral Account. The Account Bank confirms that it has opened the Counterparty Downgrade Collateral Account in the name of and for the benefit of the Issuer with IBAN XX00XXXX00000000000000 which is subject to English law and denominated in Sterling. The Counterparty Downgrade Collateral Account is a cash only account. The Counterparty Downgrade Collateral Account may be supplemented by a securities account to be opened with The Bank of New York Mellon, London Branch following the downgrade of the Swap Counterparty's ratings, and may not go into overdraft.

Counterparty Downgrade Collateral Account. The Account Bank confirms that it has opened the Counterparty Downgrade Collateral Account in the name of and for the benefit of the Issuer with IBAN IBAN: XX00XXXX00000000000000 which is subject to English law and denominated in Sterling. The Counterparty Downgrade Collateral Account is a cash only account. The Counterparty Downgrade Collateral Account may be supplemented by a securities account to be opened with The Bank of New York Mellon, London Branch Elavon Financial Services DAC following the downgrade of the Swap Counterparty's ratings, and may not go into overdraft.

Counterparty Downgrade Collateral Account. The Account Bank confirms that it has opened the Counterparty Downgrade Collateral Account in the name of and for the benefit of the Issuer with IBAN XX00XXXX00000000000000 which is subject to English law and denominated in Sterling. The Counterparty Downgrade Collateral Account is a cash only account. The Counterparty Downgrade Collateral Account may be supplemented by a securities account to be opened with The Bank of New York MellonCitibank N.A., London Branch following the downgrade of the Swap Counterparty's ratings, and may not go into overdraft.

Counterparty Downgrade Collateral Account. The Account Bank confirms that it has opened the Counterparty Downgrade Collateral Account in the name of and for the benefit of the Issuer with account number 732914-04 and IBAN XX00XXXX00000000000000 which is subject to English law and denominated in Sterling. The Counterparty Downgrade Collateral Account is a cash only account. The Counterparty Downgrade Collateral Account may be supplemented by a securities account to be opened with The Bank of New York MellonElavon Financial Services DAC, London U.K. Branch following the downgrade of the Swap Counterparty's ratings, and may not go into overdraft.