Collateral Monitoring Agent definition

Collateral Monitoring Agent means Citibank, N.A., acting through its Collateral Services Unit, Custody and Fund Services Division, in its capacity as Collateral monitoring and calculation agent for the Agents and Banks pursuant to Section 10.1, or any successor collateral monitoring agent hereunder, together with its successors and assigns.

Collateral Monitoring Agent has the meaning specified in the recital of parties to this Agreement.

Collateral Monitoring Agent means, in respect of a series of Collateralised Securities, The Bank of New York Mellon SA/NV, Dublin Branch (or any substitute or replacement entity appointed by the Issuer in respect thereof pursuant to the terms of the Collateral Monitoring Agent Agreement) or such other entity as is specified in the Product Terms.

Examples of Collateral Monitoring Agent in a sentence

• The collateral monitoring agency agreement is the agreement under which the Collateral Monitoring Agent will calculate the value of the collateral in the collateral accounts and SG is required to transfer to the relevant collateral account, securities and/or cash at least to the value of the Issuer’s exposure under each group of Equity Contracts (based on denomination) and together at least to the value of the Issuer’s total exposure under all of the Equity Contracts to SG.

• No duty of care towards investors is implied or accepted by SG Issuer, the Guarantor, the Collateral Agent or the Collateral Monitoring Agent in relation to the level(s) of Haircut to be applied to the Collateral Assets in a particular Collateral Pool.

• On each Collateral Test Date, the Collateral Monitoring Agent shall verify that the Collateral Test is satisfied.

• SG Issuer (or the Collateral Agent on SG Issuer's behalf) may give instructions for the substitution of Collateral Assets any number of times over the term of the Secured Notes and is not required to obtain the consent of the Collateral Monitoring Agent or any other party prior to effecting the proposed substitution of Collateral Assets.

• None of SG Issuer, the Guarantor, the Security Trustee, the Security Agent, the Collateral Agent, the Collateral Monitoring Agent or the Collateral Custodian is under any obligation to ensure that the relevant Eligibility Criteria or Collateral Rules provide for the diversification of Collateral Assets in a Collateral Pool.

More Definitions of Collateral Monitoring Agent

Collateral Monitoring Agent means Citibank, N.A., acting through its Futures, Clearing and Collateral Division, in its capacity as Collateral monitoring and calculation agent for the Agents and Banks pursuant to S ection 10.1, or any successor collateral monitoring agent hereunder, together with its successors and assigns.

Collateral Monitoring Agent means The Bank of New York Mellon, London Branch with registered

Collateral Monitoring Agent as defined in the preamble hereto.

Collateral Monitoring Agent as defined in the preamble to this Agreement.

Collateral Monitoring Agent means General Electric Capital Corporation, in its capacity as collateral monitoring agent for the holders of Secured Obligations under the Financing Documents, and its successors in such capacity.

Collateral Monitoring Agent. Xxxxxx Commercial Paper Inc. together with its affiliates, as collateral monitoring agent for the Lenders under this Agreement and the other Loan Documents, and any successor thereto appointed pursuant to Section 14.9.

Collateral Monitoring Agent s Office” means the Collateral Monitoring Agent’s address set forth on S chedule 13.1 or such other address as the Collateral Monitoring Agent may from time to time notify to the Administrative Agent, the Company and the Banks.