CBC Transaction Accounts definition

CBC Transaction Accounts means the CBC Account, the Construction Account, the Reserve Account, the Swap Collateral Account and any additional or replacement accounts, including any Other CBC Accounts, opened in the name of the CBC.
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Examples of CBC Transaction Accounts in a sentence

  • This would for example apply to amounts paid to the CBC Transaction Accounts following the CBC's bankruptcy or suspension of payments.

  • This risk increases if the amount deposited on the CBC Transaction Accounts becomes (more) substantial.

  • If the CBC has the obligation to pay interest accruing on the balances standing to the credit of any of the CBC Transaction Accounts to the CBC Account Bank instead of receiving interest thereon, this will reduce the income of the CBC and its possibility to generate further income on the assets held in the form of cash in the CBC Transaction Accounts.

  • Risk related to the mismatches between income and liabilities and termination of a Swap Agreement Variances are possible in (i) the rates of interest payable on the Mortgage Receivables (which may, for instance, include variable rates of interest, fixed rates of interest or rates of interest which track a base rate), the other Transferred Assets and the CBC Transaction Accounts and (ii) the amounts payable on the outstanding Covered Bonds.

  • If the CBC has the obligation to pay interest accruing on the balance standing to the credit of any of the CBC Transaction Accounts to the CBC Account Bank instead of receiving interest thereon, this will reduce the income of the CBC and its possibility to generate further income on the assets held in the form of cash in the CBC Transaction Accounts.

  • This would for example apply to amounts paid to the CBC Transaction Accounts following the CBC's Insolvency.

  • The ability of the CBC to meet its payment obligations under the Guarantee will depend on the receipt by it of funds under the Transferred Assets, the proceeds of the sale of any Transferred Assets, the timing thereof and its receipt of payments under the Swap Agreements (if any) and interest in respect of the balance standing to the credit of the CBC Transaction Accounts (other than on the Construction Account).

  • Pursuant to the CBC Account Agreement the interest rate accruing on the balances standing to the credit of any of the CBC Transaction Accounts could be less than zero in case €STR is below, equal to or just above zero.

  • In the event that the interest rate in respect of any of the CBC Transaction Accounts is less than zero, such amount will be payable by the CBC to the CBC Account Bank.

  • Pursuant to the CBC Account Agreement the interest rate accruing on the balances standing to the credit of any of the CBC Transaction Accounts could be less than zero in case the CBC Transaction Accounts Interest Rate is below, equal to or just above zero.

Related to CBC Transaction Accounts

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Excluded Account means (a) any deposit account specifically and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of any Loan Party’s employees and (b) any Xxxxx Cash Accounts.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

  • Completion Accounts has the meaning given in paragraph 1 of Schedule 4;