Collateral RV Ledger definition

Collateral RV Ledger means the ledger maintained on the Cash Collateral Account. Amounts standing to the credit of the Collateral RV Ledger shall not form part of the General Cash Collateral Amount. The Collateral RV Ledger will, on the Collateral RV Buffer Start Date and each subsequent Payment Date, be credited with Collateral RV Buffer Amounts in respect of each Purchased Receivable which has, during the relevant Monthly Period been subject to a Payment Holiday With Term Extension.
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Collateral RV Ledger means the ledger maintained on the Cash Collateral Account. Amounts standing to the credit of the Collateral RV Ledger shall not form part of the General Cash Collateral Amount. The Collateral RV Ledger will, on the Collateral RV Buffer Start Date and each subsequent Payment Date, be credited with Collateral RV Buffer Amounts in respect of each Purchased Receivable which has, during the relevant Monthly Period been subject to a Payment Holiday With Term Extension. VWFS reserves the right to offer, to not offer or to adjust the Collateral RV Ledger in respect of any additional or extended regulatory guidance issued in respect of the FCA Guidance or in respect of Purchased Receivables subject to a new Payment Holiday With Term Extension or Further Payment Holiday With Term Extension after the FCA Guidance (as amended or extended) ceases to be relevant.
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Examples of Collateral RV Ledger in a sentence

  • VWFS reserves the right to offer, to not offer or to adjust the Collateral RV Ledger in respect of any such additional or extended regulatory guidance.

  • Amounts standing to the credit of the Collateral RV Ledger shall not form part of the General Cash Collateral Amount.

  • Coalbrook Mining Disaster This year marks 60 years of the Coalbrook mining disaster and the MHSC will commemorate the Coalbroak disaster which is the biggest disaster in thehistory of mining in the country.

  • VWFS reserves the right to offer, to not offer or to adjust the Collateral RV Ledger in respect of any such additional or extended regulatory guidance.The collateral RV buffer to be made available will be an amount equal to £300 for each Purchased Receivable in respect of which a Payment Holiday with Term Extension has been agreed.

  • For clarity the Collateral RV Ledger will be retained in respect of the current FCA Guidance.

  • As noted in the Issuer's announcement dated 2 May 2020 VWFS has reserved the right to offer, to not offer or to adjust the Collateral RV Ledger in respect of any such additional or extended regulatory guidance which for these purposes includes the Updated FCA Guidance.The purpose of this announcement is to outline the approach VWFS will take in response to the Updated FCA Guidance and the consequential impact on the Securitisation Transaction.

  • VWFS has, nonetheless, decided that it will, in respect of the Monthly Period in which a Payment Holiday with Term Extension and Further Payment Holiday with Term Extension is granted for a Purchased Receivable, calculate a collateral RV buffer to be made available to the Issuer as a deposit by VWFS on the Collateral RV Ledger.For clarity the Collateral RV Ledger will be retained in respect of the Updated FCA Guidance.

  • VWFS has, nonetheless, decided that it will, in respect of the Monthly Period in which a Payment Holiday With Term Extension is granted for a Purchased Receivable, calculate a collateral RV buffer in the form of a Collateral RV Buffer Amount to be made available to the Issuer as a deposit by VWFS in the Collateral RV Ledger.

  • On the Collateral RV Buffer Start Date and on each Payment Date thereafter the Collateral RV Ledger will be credited with Collateral RV Buffer Amounts in respect of each Purchased Receivable which has, during the relevant Monthly Period, become subject to a Payment Holiday With Term Extension or a Further Payment Holiday With Term Extension.

  • VWFS has calculated a collateral RV buffer in the form of a Collateral RV Buffer Amount to be made available to the Issuer as a deposit by VWFS on the Collateral RV Ledger.

Related to Collateral RV Ledger

  • Collateral Records means books, records, ledger cards, files, correspondence, customer lists, blueprints, technical specifications, manuals, computer software, computer printouts, tapes, disks and related data processing software and similar items that at any time evidence or contain information relating to any of the Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon.

  • Collateral Report means any certificate (including any Borrowing Base Certificate), report or other document delivered by any Grantor to the Administrative Agent or any Lender with respect to the Collateral pursuant to any Loan Document.

  • Collateral Pool means, at any time, each Portfolio Investment that has been Delivered (as defined in the Guarantee and Security Agreement) to the Collateral Agent and is subject to the Lien of the Guarantee and Security Agreement, and then only for so long as such Portfolio Investment continues to be Delivered as contemplated therein and in which the Collateral Agent has a first-priority perfected Lien as security for the Secured Obligations (subject to any Lien permitted by Section 6.02 hereof with respect to such Portfolio Investment), provided that in the case of any Portfolio Investment in which the Collateral Agent has a first-priority perfected (subject to Permitted Liens under clause (g) of the definition thereof) security interest pursuant to a valid Uniform Commercial Code filing, such Portfolio Investment may be included in the Collateral Pool so long as all remaining actions to complete “Delivery” are satisfied in full within the longest period of (i) seven (7) days of such inclusion and (ii) as the Collateral Agent may agree in its reasonable discretion.

  • Collateral Rate means, for any Interest Period, the rate specified in the Loan Agreement.

  • Collateral File With respect to each Mortgage Loan, a file containing each of the Collateral Documents.

  • Collateral Call means a notice to a Participant that additional Collateral, or possibly early payment, is required in order to remain in, or to regain, compliance with Tariff, Attachment Q.

  • Collateral Reports means the reports with respect to the Collateral referred to in Annex F.

  • CREFC® Collateral Summary File The data file in the “CREFC® Collateral Summary File” format substantially in the form of and containing the information called for therein, or such other form for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

  • 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.

  • Debt Service Reserve Account as defined in the Depositary Agreement.

  • Collateral Loan means a Senior Secured Loan, a Senior Secured Bond, a First Lien/Last Out Loan or a Second Lien Loan or a Participation Interest in any Senior Secured Loan, First Lien/Last Out Loan or Second Lien Loan that as of the date of acquisition by the Borrower meets each of the following criteria:

  • Additional Collateral Mortgage Loan Each Mortgage Loan identified as such in the Mortgage Loan Schedule.

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • Credit Card Advance Rate means 90%.

  • Collateral Proceeds Account a non-interest bearing cash collateral account established and maintained by the relevant Grantor at an office of the Collateral Account Bank in the name, and in the sole dominion and control of, the Collateral Agent for the benefit of the Secured Parties.

  • Eligible Accounts Receivable means, at any time, the invoice value of Canadian Dollar and U.S. Dollar Accounts Receivable (net of all goods and services Taxes, harmonized sales Taxes and other sales Taxes and net of any credit balance, returns, trade discounts, unapplied cash, unbilled amount or retention or finance charges) owing to the Restricted Parties (or any of them) arising under any sales of Inventory from the operation of the business of the Restricted Parties made by the Restricted Parties to any Person in the ordinary course of business, which invoice value shall be periodically reported to the Lender in the form of Schedule “B” to be delivered (i) at the time of each Drawdown during the Covenant Holiday Period, if at the time of such Drawdown there is no principal amount outstanding under any Prime Rate Loans, Base Rate Loans, CDOR Loans, and there are no outstanding Bankers’ Acceptances or Letters of Credit (other than Letters of Credit issued under the Credit Facility that are fully secured with cash collateral provided by a Restricted Party to the Lender), and (ii) within fifteen days after the end of each calendar month during the Covenant Holiday Period, if during such month any Prime Rate Loans, Base Rate Loans, CDOR Loans, Bankers’ Acceptances or Letters of Credit (other than Letters of Credit issued under the Credit Facility that are fully secured with cash collateral provided by a Restricted Party to the Lender) are outstanding; provided that no Account Receivable shall be deemed an Eligible Account Receivable unless each of the following statements is accurate and complete (and by including such Account Receivable in any calculation of the Borrowing Base, the Borrower shall be deemed to represent and warrant to the Lender the accuracy and completeness of such statements):

  • Debt Service Reserve Fund means the fund by that name established pursuant to the Second Resolution.

  • Collateral Account Agreement means the Collateral Account Agreement executed and delivered by Company and Administrative Agent on the Closing Date, substantially in the form of EXHIBIT XXIII annexed hereto, as such Collateral Account Agreement may hereafter be amended, supplemented or otherwise modified from time to time.

  • Whole Loan Custodial Account means the “Whole Loan Custodial Account” established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Collateral Value The appraised value of a Mortgaged Property based upon the lesser of (i) the appraisal (as reviewed and approved by the Seller) made at the time of the origination of the related Mortgage Loan, or (ii) the sales price of such Mortgaged Property at such time of origination. With respect to a Mortgage Loan the proceeds of which were used to refinance an existing mortgage loan, the appraised value of the Mortgaged Property based upon the appraisal (as reviewed and approved by the Seller) obtained at the time of refinancing.

  • Additional Collateral Loan Each Mortgage Loan that is supported by Additional Collateral.

  • Credit Card Receivables means each “payment intangible” (as defined in the UCC) together with all income, payments and proceeds thereof, owed by a Credit Card Issuer or Credit Card Processor to a Loan Party resulting from charges by a customer of a Loan Party on credit or debit cards issued by such Credit Card Issuer in connection with the sale of goods by a Loan Party, or services performed by a Loan Party, in each case in the ordinary course of its business.

  • Collateral Available Funds means with respect to any Distribution Date, the Collateral Floating Percentage of Reallocated Investor Finance Charge Collections with respect to the preceding Monthly Period.

  • Collateral savings, as used in this clause, means those measurable net reductions resulting from a VECP in the agency's overall projected collateral costs, exclusive of acquisition savings, whether or not the acquisition cost changes.

  • Pledge Agreement Collateral means all "Collateral" as defined in the Pledge Agreement.

  • Borrower Collateral means all of Borrower's now owned or hereafter acquired right, title, and interest in and to each of the following: