Collateral Calculation Date definition

Collateral Calculation Date means the last Business Day of each calendar month, and which date is used to determine the Outstanding Collateral Amount and the Security Amount.
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Collateral Calculation Date means the Business Day on which the Required Collateral is calculated by the Ceding Company.
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Collateral Calculation Date means each day:(A) as of which the CIS Assets (or any entity that generally determines such value) is scheduled to publish the NAV per CIS Asset Share (the "CIS Asset Valuation Date");(B) for which the relevant NAV per CIS Asset Share in respect of such CIS Asset Valuation Date is reported or published (the "CIS Asset Reporting Date"); and(C) on which the Issuer (or any affiliate or third party) has, or could have, a subscription or a redemption order executed at the relevant NAV per CIS Asset Share."CIS Asset Share" means an ownership interest issued to or held by an investor in the CIS Asset."NAV per CIS Asset Share" means with respect to a CIS Asset Share and the CIS Asset Reporting Date relating to such CIS Asset Share, (i) the net asset value per CIS Asset Share of such CIS Asset Share as of the relevant CIS Asset Valuation Date, as reported on such CIS Asset Reporting Date by the entity that generally publishes or reports such value on behalf of the relevant CIS Asset to its investors or a publishing service or (ii) if the entity that generally publishes or reports such value on behalf of such CIS Asset to its investors or a publishing service of the relevant CIS Asset publishes or reports only the aggregate net asset value of the CIS Asset Shares, the net asset value per CIS Asset Share as calculated by the Calculation Agent on the basis of such aggregate net asset value of the CIS Asset Shares divided by the relevant number of CIS Asset Shares issued and outstanding as of the relevant CIS Asset Valuation Date."Paris Business Day" means a day (other than Saturday or Sunday) on which commercial banks are open for general business (including dealings in foreign exchange and foreign currency deposits) in Paris. (l) Collateral Calculation Agent: The role of Collateral Calculation Agent will be split between (i) BNP Paribas Arbitrage SNC, which will determine the Securities Value and (ii) Clearstream, Luxembourg, which will make all other calculations in respect of the Collateral Assets as are required by the Terms and Conditions of the Certificates and any reference to the Collateral Calculation Agent in Part A of Annex13 (Additional Terms and Conditions for Secured Securities) shall be construed accordingly. (m) Collateral Custodian: Clearstream, Luxembourg. (n) Collateral Agent: BNP Paribas Trust Corporation UK Limited (o) Swap Agreement: Not applicable (p) Swap Counterparty: Not applicable (q) Repurchase Agreement: Not applicable
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Examples of Collateral Calculation Date in a sentence

  • Each Reinsurer agrees to maintain the Eligible Assets in such Reinsurer's Trust Account such that the Outstanding Collateral Amount with respect to such Reinsurer shall be equal to or greater than the Security Amount with respect to such Reinsurer as of each Collateral Calculation Date.

  • If the Security Amount with respect to any Reinsurer as of any Collateral Calculation Date exceeds the Outstanding Collateral Amount with respect to such Reinsurer as of such Collateral Calculation Date, then, subject to Section 1(e) of the Trust Agreement, such Reinsurer shall, within five (5) Business Days following such Reinsurer becoming aware of such difference, deposit additional Eligible Assets in such Reinsurer's Trust Account equal to the amount of such difference.

  • Property owners must enroll in either the Government Tree Program or the Private Tree Program for hazard tree removal.

  • Each Reinsurer agrees to maintain the Eligible Assets in such Reinsurer’s Trust Account such that the Outstanding Collateral Amount with respect to such Reinsurer shall be equal to or greater than the Security Amount with respect to such Reinsurer as of each Collateral Calculation Date.


More Definitions of Collateral Calculation Date

Collateral Calculation Date means the Business Day that is the end of a calendar month, and which date is used to determine the Outstanding Collateral Amount and the Security Amount.
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Related to Collateral Calculation Date

  • Calculation Date means each day on which the Reference Price is published by the Index Sponsor or the Index Calculation Agent, as the case may be.

  • Reset Interest Determination Date means, in respect of any Reset Period, the day falling two Business Days prior to the beginning of the relevant Reset Period;

  • Collection Date means the date on which the aggregate outstanding principal amount of the Advances Outstanding have been repaid in full and all Yield and Fees and all other Obligations (other than unmatured contingent obligations for which no claim has been made) have been paid in full, and the Borrower shall have no further right to request any additional Advances.