Credit Support Collateral Account definition

Credit Support Collateral Account. The separate Eligible Account created and maintained by the Trustee pursuant to Section 4.11 in the name of the Trustee for the benefit of the Certificateholders and designated “Credit Support Collateral Account, Deutsche Bank National Trust Company, as Supplemental Interest Trust Trustee, in trust for registered holders of IndyMac Home Equity Mortgage Loan Asset-Backed Certificates, Series INDS 2007-1.” Funds in the Credit Support Collateral Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement. The Credit Support Collateral Account will not be an asset of any REMIC.
Sample 1
Credit Support Collateral Account. The separate Eligible Account or Accounts created and maintained by the Supplemental Interest Trustee pursuant to Section 3.06(h) with a depository institution in the name of the Supplemental Interest Trustee for the benefit of the Supplemental Interest Trust on behalf of the Holders of the Offered Certificates and designated “IndyMac Bank, F.S.B., in trust for the registered Holders of IndyMac INDX Mortgage Loan Trust 2007-FLX1, Mortgage Pass-Through Certificates, Series 2007-FLX1.””
Sample 1
Credit Support Collateral Account. The separate Eligible Account or Accounts created and maintained by the Supplemental Interest Trustee pursuant to Section 3.06(h) with a depository institution in the name of the Supplemental Interest Trustee for the benefit of the Holders of the LIBOR Certificates and the Class AXPP Certificates and designated “IndyMac Bank, F.S.B., in trust for the registered Holders of IndyMac IMSC Mortgage Loan Trust 2007-HOA1, Mortgage Pass-Through Certificates, Series 2007-HOA1.” Cross-over Situation: Not applicable. Cut-off Date: June 1, 2007. Cut-off Date Pool Principal Balance: $434,344,776.46.
Sample 1

Examples of Credit Support Collateral Account in a sentence

  • If the Supplemental Interest Trustee shall also deposit into the Credit Support Collateral Account any amount not required to be deposited in that account, it may at any time withdraw such amount from the Credit Support Collateral Account, any provision in this Agreement to the contrary notwithstanding.

  • The Credit Support Collateral Account shall be an Eligible Account, and funds on deposit in the account shall be held separate and apart from, and shall not be commingled with, any other moneys, including without limitation, other moneys held by the Supplemental Interest Trustee pursuant to this Agreement.

  • The Credit Support Collateral Account shall be controlled by the Supplemental Interest Trust Trustee.

  • Funds in the Credit Support Collateral Account shall be invested in permitted investment defined in the ISDA Credit Support Annex.

  • In the absence of written instructions to the Supplemental Interest Trust Trustee, amounts on deposit in the Credit Support Collateral Account shall remain uninvested.

  • The Swap Provider shall be the beneficial owner of the Credit Support Collateral Account.

  • In addition, if an ISDA Credit Support Annex is negotiated, the Supplemental Interest Trustee shall set up the Credit Support Collateral Account in accordance with Section 3.06 to hold cash or other eligible investments pledged under such ISDA Credit Support Annex.

  • In addition, if an ISDA Credit Support Annex is negotiated, the Supplemental Interest Trustee shall create and maintain the Credit Support Collateral Account in accordance with Section 3.06 to hold cash or other eligible investments pledged under such ISDA Credit Support Annex.

  • In addition, the Supplemental Interest Trustee shall set up the Credit Support Collateral Account in accordance with Section 3.06 to hold cash or other eligible investments pledged under such ISDA Credit Support Annex.

  • Distribution Account; Swap Account; Credit Support Collateral Account; Supplemental Interest Reserve Fund.

Related to Credit Support Collateral Account

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

  • Letter of Credit Collateral Account means a special deposit account maintained by the Administrative Agent, for the benefit of the Administrative Agent, the Issuing Bank and the Lenders, and under the sole dominion and control of the Administrative Agent.

  • 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.]

  • Facility LC Collateral Account is defined in Section 2.20.11.

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

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

  • Credit Support Instrument" "Credit Support Provider"

  • 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.

  • QFC Credit Support has the meaning specified in Section 11.21.

  • Collateral Account Bank a bank which at all times is a Collateral Agent or a Lender or an affiliate thereof as selected by the relevant Grantor and consented to in writing by the Collateral Agent (such consent not to be unreasonably withheld or delayed).

  • Counterparty Downgrade Collateral Account means an interest-bearing account of the Issuer with the Custodian into which all Counterparty Downgrade Collateral is to be deposited.

  • Letter of Credit Cash Collateral Account means a blocked deposit account at Bank of America with respect to which Borrower hereby grants a security interest in such account to Administrative Agent for and on behalf of Lenders as security for Letter of Credit Usage and with respect to which Borrower agrees to execute and deliver from time to time such documentation as Administrative Agent may reasonably request to further assure and confirm such security interest.

  • L/C Cash Collateral Account means an interest bearing cash collateral account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Cash Collateral Account Agreement With respect to any Mortgage Loan, the cash collateral account agreement, if any, between the originator of such Mortgage Loan and the related Mortgagor, pursuant to which the related Cash Collateral Account, if any, may have been established.

  • Cash Collateral Account means a blocked account at a commercial bank specified by the Administrative Agent in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner reasonably satisfactory to the Administrative Agent.

  • 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.

  • Class A Cash Collateral Account means an Eligible Deposit Account in the name of the Subordination Agent maintained at an Eligible Institution, which shall be the Subordination Agent if it shall so qualify, into which all amounts drawn under the Class A Liquidity Facility pursuant to Section 3.5(c), 3.5(d), 3.5(i) or 3.5(m) shall be deposited.

  • Cash Collateral Accounts shall have the meaning given such term in Section 9(a).

  • Letter of Credit Collateral has the meaning provided in Section 6.4.

  • 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.

  • Account Collateral means, with respect to each Account, such Account, together with all cash, securities, Financial Assets and investments and other property from time to time deposited or credited to such Account and all proceeds thereof, including, with respect to the Reserve Fund, the Reserve Fund Deposit and the Reserve Fund Amount.

  • 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.

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Deposit Account is any “deposit account” as defined in the Code with such additions to such term as may hereafter be made.

  • Applicable Collateral Agent means (i) until the earlier of (x) the Discharge of Credit Agreement and (y) the Non-Controlling Representative Enforcement Date, the Credit Agreement Collateral Agent and (ii) from and after the earlier of (x) the Discharge of Credit Agreement and (y) the Non-Controlling Representative Enforcement Date, the Collateral Agent for the Series of First Lien Obligations represented by the Major Non-Controlling Representative.