Collateral SDRs Account definition

Collateral SDRs Account means the securities account identified as such in the Collateral Security Agreement and any sub-accounts with respect to such account which is:
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Collateral SDRs Account means the securities account identified as such in the Collateral Security Agreement and any sub- accounts with respect to such account which is:
Sample 1Sample 2

Examples of Collateral SDRs Account in a sentence

  • The Borrower shall not, directly or indirectly, transfer any SDR to the Collateral SDRs Account unless such SDR (i) is in book-entry format and (ii) is not subject to any Transfer Restrictions, other than the Existing Transfer Restrictions (whether in the hands of the Borrower or any Finance Party exercising its rights with respect thereto under the Finance Documents).

  • The Collateral SDRs Account and the Cash Collateral Account are located in Luxembourg.

  • The Borrower shall ensure that no more than the Maximum Number of Collateral SDRs are deposited to the Collateral SDRs Account at any time.

  • Disregarding any impact of the granting Transaction Security, the Borrower ceases to be the absolute legal and direct beneficial owner of the Collateral SDRs Account or the Cash Collateral Account or ceases to have good and marketable title (as absolute legal and direct beneficial owner) to any of the Security Assets or the Security Assets cease to be credited to the Collateral SDRs Account or the Cash Collateral Account, as applicable, other than in accordance with the terms of the Finance Documents.

  • The Borrower shall ensure that any Dividends and other amounts or assets received by it in respect of the Collateral SDRs held in the Collateral SDRs Account, are paid and credited immediately into the Collateral SDRs Account or the Cash Collateral Account, as applicable.

  • The Borrower shall ensure that the Cash Collateral Account and the Collateral SDRs Account are opened and maintained with the Custodian in Luxembourg and are subject to valid Security under the Transaction Security Documents.

  • The Borrower may purchase the SDRs (including without limitation by way of granting [*****], acting as broker, a Blind Mandate for such purposes), provided that, in aggregate, the number of SDRs so purchased does not exceed the Maximum Number of Collateral SDRs. Any SDRs purchased by the Borrower (or Holdco as contemplated under paragraph (c)(i) above) other than with the proceeds of any Loan shall be deposited into the Collateral SDRs Account no later than within two (2) Business Days of such purchase.

  • The Repeating Representations (except, save as set out below, for Clause 17.10 ( No Misleading Information)) are deemed to be made by the Obligors: (i) on the first day of each Interest Period; and (ii) on each date on which SDRs are purchased by the Borrower or credited to the Collateral SDRs Account.

Related to Collateral SDRs Account

  • 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.

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

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • 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.

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

  • Designated Account Property The Designated Accounts, all cash, investments, Financial Assets, securities and investment property held from time to time in any Designated Account (whether in the form of deposit accounts, Physical Property, book-entry securities, Uncertificated Securities or otherwise), including the Reserve Account Deposit, and all proceeds of the foregoing but excluding all Investment Earnings thereon.

  • Collateral Account is any Deposit Account, Securities Account, or Commodity Account.

  • Note Account As defined in the Indenture.

  • Custodial Accounts Each Custodial Account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Servicing Agreement with respect to the Mortgage Loans.

  • Seller’s Account means such account as the Seller may specify to the Guarantor from time to time;

  • Facility LC Collateral Account is defined in Section 2.19.11.

  • Funds Account means an account held by you or any third parties maintained with any Participant.

  • Related Account means an Account with respect to which a new account number has been issued by the applicable Account Owner or the Servicer (a)(i) resulting from a lost or stolen credit or charge card relating to such Account (if such Account is a credit or charge card account) or (ii) under circumstances not requiring the standard application and credit evaluation procedures under the Credit Guidelines applicable to such Account, and (b) that can be traced or identified by reference to or by way of Schedule 1 to this Agreement and the computer or other records of the applicable Account Owner or the Servicer.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

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

  • Approved Deposit Account means a Deposit Account maintained by any Loan Party that is the subject of an effective Deposit Account Control Agreement. “Approved Deposit Account” includes all monies on deposit in a Deposit Account and all certificates and instruments, if any, representing or evidencing such Deposit Account.

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

  • Deposit Account means a demand, time, savings, passbook or like account with a bank, savings and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit.

  • Swap Collateral Account means a single, segregated trust account in the name of the Indenture Trustee, which shall be designated as the “Swap Collateral Account” which shall be held in trust for the benefit of the Noteholders established pursuant to Section 4.8(e) of the Sale and Servicing Agreement.]

  • Controlled Deposit Account means a Deposit Account (i) that is subject to a Deposit Account Control Agreement or (ii) as to which the Collateral Agent is the Depositary Bank’s “customer” (as defined in UCC Section 4-104).

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

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

  • Series Account means any deposit, securities, trust, escrow or similar account maintained for the benefit of the Investor Certificateholders of any Series or Class, as specified in any Supplement.

  • Excluded Deposit Account means (a) any deposit account exclusively used for payroll, payroll taxes, and other employee wage and benefit payments to or for the benefit of Borrower’s employees and identified to Bank by Borrower as such and (b) any Xxxxx Cash Accounts.