Affected Class Collateral definition

Affected Class Collateral means, in respect of an Early Redeeming Class of Notes, the Class Collateral relating to such Early Redeeming Class of Notes excluding, for the avoidance of doubt, where either the Issuer or the Swap Counterparty has a Credit Support Balance under the Credit Support Annex, any Eligible Credit Support and amounts derived therefrom making up such Credit Support Balance.
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Examples of Affected Class Collateral in a sentence

  • The obligations of the Issuer to pay any amounts due and payable in respect of a Series of Notes and to the other Programme Parties and Transaction Parties at any time in respect of a Series shall be limited to the proceeds available out of the Mortgaged Property in respect of such Series at such time to make such payments in accordance with Master Condition 15 (Application of Available Proceeds or Affected Class Collateral Proceeds).

  • With effect from the date on which any valid Enforcement Notice is effectively delivered by the Trustee following the occurrence of an Enforcement Event, the Trustee shall hold the Available Proceeds received by it under the Trust Deed on trust to apply them in the manner specified in Master Condition 15 ( Application of Available Proceeds or Affected Class Collateral Proceeds).

  • The ministry has five departments, including foreign employment, labor, transport management, skill and vocational training development, and an employment promotion board.

  • Such suspension shall relate to a proportion of each Note of such Class corresponding to such Note’s pro rata share of the notional amount of the Affected Class Collateral Component to which such suspension relates.

  • The possibility foreseen in this Regulation to have recourse to legal instruments on mutual recognition or cross- border cooperation should not replace the specific rules on cross-border investigations under this Regulation.

  • The final paragraph of Master Condition 15(a) ( Application of Available Proceeds or Affected Class Collateral Proceeds of Liquidation) shall be amended by the addition of the words “, the Securities Lending Counterparty” immediately following the words “the Disposal Agent (where there is one)”.

  • The obligations of the Issuer to pay any amounts due and payable in respect of a Series of Notes and to the other Transaction Parties at any time in respect of a Series shall be limited to the proceeds available out of the Mortgaged Property in respect of such Series at such time to make such payments in accordance with Master Condition 15 (Application of Available Proceeds or Affected Class Collateral Proceeds).

  • In respect of the Swap Transaction relating to each Class of Notes, subject to adjustment in accordance with the provisions set out in paragraph 3 below, Party B shall, in respect of such Class, pay to Party A an amount equal to the Partial Class Asset Swap Loss (if any) provided that such Party B Additional Payment Amount shall not exceed the related Affected Class Collateral Proceeds in respect of such Class.

Related to Affected Class Collateral

  • Excess Collateral has the meaning set forth in Section 5.7.

  • Swap Collateral Account means a single, segregated trust account in the name of the Indenture Trustee, which shall be designated as the “Swap Collateral Account” which shall be held in trust for the benefit of the Noteholders established pursuant to Section 4.8(e) of the Sale and Servicing Agreement.]

  • Reallocated Collateral Principal Collections means, with respect to any Transfer Date, Collections of Principal Receivables applied in accordance with subsections 4.12(a) and (b) in an amount not to exceed the product of (a) the Collateral Allocation with respect to the Monthly Period relating to such Transfer Date and (b) the Investor Percentage with respect to the Monthly Period relating to such Transfer Date and (c) the amount of Collections of Principal Receivables with respect to the Monthly Period relating to such Transfer Date; provided, however, that such amount shall not exceed the Collateral Interest after giving effect to any Collateral Charge-Offs for such Transfer Date.

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • Facility LC Collateral Account is defined in Section 2.19.11.

  • Excess Collateral Amount means, at any time, the excess of (a) the sum of (i) the Collateral Amount, and (ii) the Principal Accumulation Account Balance, over (b) the Note Principal Balance.

  • Additional Collateral Any of the following held, in addition to the related Mortgaged Property, as security for a Mortgage Loan: (i) all money, securities, security entitlements, accounts, general intangibles, payment rights, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description now existing or hereafter acquired which is pledged as security for the repayment of such Mortgage Loan, (ii) third-party guarantees, and (A) all money, securities, security entitlements, accounts, general intangibles, payment rights, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description now existing or hereafter acquired which is pledged as collateral for such guarantee or (B) any mortgaged property securing the performance of such guarantee, or (iii) such other collateral as may be set forth in the Series Supplement.

  • Available Reserve Account Amount means, for any Transfer Date, an amount equal to the lesser of (a) the amount on deposit in the Reserve Account (exclusive of Investment Earnings on such date and before giving effect to any deposit to, or withdrawal from, the Reserve Account made or to be made with respect to such date) and (b) the Required Reserve Account Amount, in each case on such Transfer Date.

  • Threshold Event Collateral shall have the meaning assigned to such term in Section 5(g).

  • Priority Collateral means the ABL Priority Collateral or the Term Priority Collateral, as applicable.

  • Counterparty Downgrade Collateral Account means an interest-bearing account of the Issuer with the Custodian into which all Counterparty Downgrade Collateral is to be deposited.

  • ABL Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Term Loan Priority Collateral as defined in the Intercreditor Agreement.

  • ABL Collateral means all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any ABL Obligations.

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • Class A Cash Collateral Account means, in respect of the Class A Liquidity Facility, an Eligible Deposit Account in the name of the Subordination Agent maintained at an Eligible Institution, which shall be the Subordination Agent if it so qualifies, into which amounts shall be deposited as referred to in Section 3.05(f).

  • Swap Collateral means all right, title and interest of Party B in this Agreement, each Transaction hereunder, and all present and future amounts payable by Party A to Party B under or in connection with this Agreement or any Transaction governed by this Agreement, including, without limitation, any transfer or termination of any such Transaction.

  • Initial Additional First Lien Obligations means the [Obligations] as such term is defined in the Initial Additional First-Lien Security Agreement.

  • Letter of Credit Collateral Account has the meaning assigned to such term in Section 2.05(k).

  • Account Collateral means, with respect to each Account, such Account, together with all cash, securities, Financial Assets and investments and other property from time to time deposited or credited to such Account and all proceeds thereof, including, with respect to the Reserve Fund, the Reserve Fund Deposit and the Reserve Fund Amount.

  • Notes Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • U.S. Collateral means the “Collateral” (or any equivalent term) as defined in the U.S. Security Agreement or any other applicable U.S. Security Document, together with any other assets (whether Real Property or personal property) pledged pursuant to any U.S. Security Document.

  • Replacement Reserve Account shall have the meaning set forth in Section 7.3.1 hereof.

  • Notes Collateral means any and all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any Notes Obligations.

  • Cash Collateral Account means a blocked, non-interest bearing deposit account of one or more of the Loan Parties at Bank of America in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner satisfactory to the Administrative Agent.