Examples of Counterparty Agreement in a sentence
The Issuer or the relevant Counterparty may terminate all outstanding transactions under a Counterparty Agreement in certain circumstances specified therein.
This may result in Instrumentholders suffering a loss if any Counterparty fails to pay amounts due from it under the relevant Counterparty Agreement.
The types of assets that may comprise Collateral held by the Issuer pursuant to any Counterparty Agreement may be less liquid and more volatile than the Underlying Collateral.Accordingly, the value of Collateral held by the Issuer at any time after the Issue Date may be considerably lower than the value of Collateral on the Issue Date.
In addition or in the alternative to its acquisition of rights, title and/or interests in and to the Collateral, the Issuer may enter into a Swap Agreement and/or a Repo Agreement and/or a Securities Lending Agreement and/or an Other Counterparty Agreement with respect to the Instruments as specified in the Series Terms relating to the Instruments.
Pursuant to the terms of any Counterparty Agreement, the amount of Underlying Collateral held by the Issuer from time to time may be less than the amount held by it on the Issue Date, and potentially the Issuer may not hold any Collateral.
If the Issuer has entered into one or more Counterparty Agreements in connection with the Instruments the ability of the Issuer to meet its obligations under the Instruments will depend on the receipt by it of payments and deliveries under each such Counterparty Agreement.Consequently, the Issuer is exposed to the ability of each Counterparty to perform its obligations under its respective Counterparty Agreement, in addition to the exposure of the Issuer to the Collateral.
The governing law, submission to jurisdiction and service of process with respect to each of the Trust Deed, the Metals Counterparty Agreement, the Agency Agreement, the Account Bank Agreement, the Custody Agreement, the Administration Agreement, the Irish Law Security Trust Deed and the English Law Security Trust Deed shall be governed by and construed in accordance with the provisions specified in such document as being applicable thereto.
Upon any such termination, the Counterparty shall be required, to the extent that the relevant Counterparty Agreement so permits to effect a transfer of Equivalent Securities within the Recall Period.
The Issuer, each Metals Counterparty, the Administrator and the Security Trustee have executed and delivered this Issue Deed for the purposes of entering into a Metals Counterparty Agreement in relation to the Series on the terms of the Master Metals Counterparty Terms which shall have effect as though set out in full herein, modified and supplemented to the extent (if any) specified below.
I/We have read, understood and agree to the clauses set out in this Eligible Counterparty Agreement.