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.

  • By signing this Agreement each of the CBC and the CBC Account Bank confirms that notification of this Agreement and the right of pledge of the CBC Account Rights (including any rights in respect of the CBC Transaction Accounts) has been made in accordance with Article 3:236(2) of the Dutch Civil Code.

  • 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.

  • The Dealer Managers may waive in whole or in part or extend the time for compliance with any of such terms and conditions without prejudice to their rights in respect of any other of such terms and conditions or any other or subsequent breach or non-compliance, provided that to be binding on the Dealer Managers any such waiver or extension must be in writing.

  • The CBC hereby agrees with the Security Trustee to only apply the amounts standing to the balance of each of the CBC Transaction Accounts in accordance with the provisions of the Trust Deed and the Security Trustee Rights Pledge Agreement.

  • The Dealers and the Arranger shall not have any claim against the CBC if (a) the CBC no longer has the right to receive any payments under the Transferred Assets, (b) there are no balances standing to the credit of any of the CBC Transaction Accounts and (c) the CBC no longer has the right to receive any payment under the Transaction Documents and the failure to make any payment in case of any shortfall in the above mentioned circumstances shall in no circumstances constitute a default by the CBC.

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.

  • Collection Accounts As defined in Section 3.10(a).

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Sub-Accounts means the respective Sub-Accounts of the Escrow Account, into which the monies specified in Clause 4.1 would be credited every month and paid out if due, and if not due in a month then appropriated proportionately in such month and retained in the respective Sub Accounts and paid out therefrom on the Payment Date(s).

  • Excluded Accounts means any deposit account or securities account used exclusively as (a) payroll and other employee wage and benefit accounts, (b) tax accounts, including sales tax accounts, (c) escrow, fiduciary or trust accounts, (d) zero balance accounts and (e) the funds or other property held in or maintained in any such account identified in clauses (a) through (d).

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Special Accounts means the accounts referred to in Section 2.02 (b) of this Agreement;

  • Collection Account Agreement means each agreement substantially in the form of Exhibit VI, or such other form as may be acceptable to the Agent, among the applicable Originator, a Seller, Collection Bank and the Agent, as it may be amended, restated, supplemented or otherwise modified and in effect from time to time.

  • 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 Control Agreement means that certain Account Control Agreement, dated as of the date hereof, by and among Seller, Buyer, and U.S. Bank National Association, in form and substance acceptable to Buyer, as the same may be amended, restated, supplemented or otherwise modified from time to time, and which shall provide for Buyer control of the Collection Account as of the date of execution.

  • Investment Account As defined in Section 3.12(a).

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Designated Accounts means any and all unsecured credit facilities (including without limitation unsecured card or non-card credit facility) that you have with the Participating FIs and excludes joint accounts, any renovation loan, education loan, credit facility granted for businesses or business purposes and such other credit facility that is excluded under the MAS regulations relating to unsecured credit facilities to individuals.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

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

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Completion Accounts means the consolidated balance sheet of the Group as at the Completion Date to be prepared in accordance with Schedule 8 (Completion Accounts);

  • Series Accounts means, collectively, the Finance Charge Account, the Principal Account, the Principal Accumulation Account, the Distribution Account, the Reserve Account and the Spread Account.

  • Concentration Account Agreement as defined in subsection 4.16(b).

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Depository Accounts shall have the meaning set forth in Section 4.15(h) hereof.