Collateral Enhancement Account definition

Collateral Enhancement Account means an interest-bearing account in the name of the Issuer, held with the Account Bank, the amounts standing to the credit of which from time to time may be applied in the acquisition of Collateral Enhancement Obligations by or on behalf of the Issuer in accordance with the Investment Management Agreement.

Collateral Enhancement Account means an interest bearing account in the name of the Issuer, so entitled and held with the Account Bank.

Collateral Enhancement Account means the account(s) of the Issuer held with the Account Bank, amounts standing to the credit of which from time to time may be applied in, inter alia, the acquisition of Collateral Enhancement Securities by or on behalf of the Issuer in accordance with the Collateral Management Agreement and into which the proceeds of any sale of, or Distributions in respect of, Collateral Enhancement Securities, together with certain other amounts, may be deposited from time to time.

Examples of Collateral Enhancement Account in a sentence

• The ability of the Investment Manager (acting on behalf of the Issuer) to exercise any rights or options under any Collateral Enhancement Obligation will be dependent upon there being sufficient amounts standing to the credit of the Collateral Enhancement Account to pay the costs of any such exercise.

• The Investment Manager is under no obligation whatsoever to exercise its discretion (acting on behalf of the Issuer) to take any of the actions described above and there can be no assurance that the Balance standing to the credit of the Collateral Enhancement Account will be sufficient to fund the exercise of any right or option under any Collateral Enhancement Obligation at any time.

• Collateral Enhancement ObligationsAll funds required in respect of the purchase price of any Collateral Enhancement Obligations and all funds required in respect of the exercise price of any rights or options thereunder, may only be paid out of the Balance standing to the credit of the Collateral Enhancement Account at the relevant time.

• The ability of the Collateral Manager (acting on behalf of the Issuer) to exercise any rights or options under any Collateral Enhancement Obligation will be dependent upon there being sufficient amounts standing to the credit of the Collateral Enhancement Account to pay the costs of any such exercise.

• All funds required in respect of the purchase price of any Collateral Enhancement Obligations and all funds required in respect of the exercise price of any rights or options thereunder, may only be paid out of the Balance standing to the credit of the Collateral Enhancement Account at the relevant time.

More Definitions of Collateral Enhancement Account

Collateral Enhancement Account means the account(s) described as such in the name of the Issuer held with the Account Bank.

Collateral Enhancement Account means an interest bearing account in the name of the Issuer with the Account Bank into which certain funds are to be paid in accordance with the Collateral Management Agreement;

Collateral Enhancement Account means the Euro-denominated interest-bearing account of that name in the name of the Issuer with the Account Bank into which amounts may be paid at paragraph (BB) of the Interest Proceeds Priority of Payments.

Collateral Enhancement Account means an account in the name of the Issuer, so named and held with the Account Bank.

Collateral Enhancement Account means an interest-bearing account in the name of the Issuer, held with the Account Bank, the amounts standing to the credit of which from time to time may be applied:

Collateral Enhancement Account means an account denominated in Euro in the name of the Issuer and held with the Account Bank, the Balance of which from time to time may be applied in the acquisition of Collateral Enhancement Obligations denominated in Euro by, or on behalf of, the Issuer in accordance with the Collateral Management Agreement and into which the proceeds of any sale of, or Distributions in respect of, Collateral Enhancement Obligations denominated in Euro, together with certain other amounts, may be deposited from time to time.

Collateral Enhancement Account means an interest-bearing account in the name of the Issuer, held with the Account Bank, the amounts standing to the credit of which from time to time may be applied in the acquisition of Collateral Enhancement Obligations by or on behalf of the Issuer in accordance with the Collateral Management Agreement, and may also be applied from time to time to repay Collateral Enhancement Obligation Drawdowns, as well as accrued interest and any breakage costs in respect of such Collateral Enhancement Obligation Drawdowns.