Credit Support Deed definition

Credit Support Deed means the credit support deed relating to the Swap Agreement dated on or about the Series Issue Date of the ETC Securities entered into by the Issuer and the Swap Counterparty by the execution of the Issue Deed and in the form of the 1995 ISDA Credit Support Deed (Bilateral Form– Security Interest) published by the International Swaps and Derivatives Association, Inc. together with paragraph 13 thereto on the terms set out in the Master Swap and Credit Support Terms as amended and/or supplemented by the Issue Deed and as such Credit Support Deed is amended, supplemented, novated or replaced from time to time.
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Credit Support Deed means, in relation to any Hedging Agreement, a Credit Support Deed (Bilateral Form – Security Interest) (1995 version for ISDA Agreements subject to English law) as published by the International Swaps and Derivatives Association Inc., entered into by the Issuer and such Hedging Counterparty and dated the relevant Issue Date and as amended, restated and/or supplemented from time to time, pursuant to which the Hedging Collateral is delivered by the Hedging Counterparty to the Custodian or if “2-Way Hedging Collateral Posting” is specified in the relevant Final Terms, by the Issuer to the Hedging Counterparty.
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Credit Support Deed means the credit support deed relating to the Swap Agreement dated on or about the Series Issue Date of the ETC Securities entered into by the Issuer and the Swap Counterparty by the execution of the Issue Deed and in the form of the 1995 ISDA Credit Support Deed (Bilateral Form
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Examples of Credit Support Deed in a sentence

  • Persons intending to establish a collateral arrangement based on the creation of a charge or other security interest should consider using the ISDA Credit Support Deed (English law) or the ISDA Credit Support Annex (New York law), as appropriate.

  • The Issuer will be able to enforce its security over the collateral accounts (and any funds standing to the credit thereof) only upon the occurrence of an event of a default or failure by the Counterparty to comply with its obligations under the Credit Support Deed.

  • Prior to such enforcement action being taken, funds standing to the credit of the collateral accounts will not be available for use by the Issuer for any purpose.The Credit Support Deed and any non-contractual obligations arising out of or in connection with it shall be governed by, and shall be construed in accordance with, English law.

  • The Credit Support Deed will terminate on the day falling one Business Day prior to the Maturity Date.

  • The Initial Bonds (to the extent not delivered to the Swap Counterparty pursuant to the Credit Support Deed) are referred to in this section as the Bond Collateral.

  • As a result of the Credit Support Deed, some or all of the Collateral may from time to time be released from the Security and delivered to the Swap Counterparty to collateralise the Swap Counterparty's Exposure to the Issuer under the Swap Agreement.

  • The following two examples assume that no eligible collateral has been provided by either the Swap Counterparty or the Issuer pursuant to the Credit Support Deed.

  • Prior to the Bond Collateral Liquidation Date, eligible collateral delivered to the Issuer by the Swap Counterparty under the Credit Support Deed will be bonds issued by Deutsche Bank AG, Milan Branch and/or cash.

  • On the Issue Date the Issuer will enter into an ISDA Master Agreement (including the schedule thereto), a credit support deed (the Credit Support Deed )), an asset swap transaction (the Asset Swap Transaction) and a total return swap transaction (the Total Return Swap Transaction and, together with the ISDA Master Agreement, the Credit Support Deed and the Asset Swap Transaction, the Swap Agreement) with the Swap Counterparty, all governed by, and construed in accordance with, English law.

  • The Trustee or the Selling Agent, as applicable, will in general be obliged to apply all moneys received by it (in whatever currency it may be received) in connection with the enforcement of the security constituted by or pursuant to the Trust Deed or the realisation of the Bond Collateral and, to the extent required pursuant to the Swap Agreement, any eligible collateral delivered to the Issuer in accordance with the Credit Support Deed, as applicable, in accordance with the Counterparty Priority.

Related to Credit Support Deed

  • Credit Support Depletion Date The first Distribution Date on which the Certificate Principal Balances of the Subordinate Certificates have been reduced to zero.

  • Senior Credit Support Depletion Date The date on which the Class Certificate Balance of each Class of Subordinated Certificates has been reduced to zero.

  • credit supporter means a person or company that provides a guarantee or alternative credit support for any of the payments to be made by an issuer of securities as stipulated in the terms of the securities or in an agreement governing rights of, or granting rights to, holders of the securities;

  • Credit Support Default provisions of Section 5(a)(iii) will apply to Party A and will not apply to Party B.

  • Credit Support Document means any agreement or instrument that is specified as such in this Agreement.

  • Credit Support Instrument" "Credit Support Provider"

  • Posted Credit Support means Posted Collateral and Other Posted Support.

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

  • Credit Support Instrument The instrument or document pursuant to which the Credit Support for a given Series (or Class within such Series) is provided, as specified in the applicable Supplement.

  • Credit Support Balance means, with respect to a Transferor on a Valuation Date, the aggregate of all Eligible Credit Support that has been transferred to or received by the Transferee under this Annex, together with any Distributions and all proceeds of any such Eligible Credit Support or Distributions, as reduced pursuant to Paragraph 2(b), Paragraph 3(c)(ii) or Paragraph 6. Any Equivalent Distributions or Interest Amount (or portion of either) not transferred pursuant to Paragraph 5(c)(i) or (ii) will form part of the Credit Support Balance.

  • Fitch Credit Support Amount means, for any Valuation Date, the excess, if any, of:

  • Credit Support Instruments has the meaning set forth in Section 3.01(a).

  • Credit Support Provider has the meaning specified in the Schedule.

  • Credit Support Amount has the meaning specified in Paragraph 3.

  • S&P Credit Support Amount means, for any Valuation Date, the excess, if any, of:

  • Credit Support Annex means the Credit Support Annex annexed to this Agreement.

  • Credit Support Pledge Agreement The Credit Support Pledge Agreement, dated as of November 24, 1998, among the Master Servicer, GMAC Mortgage Corporation, Combined Collateral LLC and The First National Bank of Chicago (now known as Bank One, National Association), as custodian.

  • Credit Enhancement Agreement means the Agreement among the Sellers, the Master Servicer, the Trustee and the Credit Enhancement Provider with respect to the Credit Enhancement.

  • Mortgaged Property Support Documents means with respect to any real property subject to a Mortgage, the deliveries and documents described on Schedule 1.01(e) attached hereto.

  • Credit Enhancement Agreements means, collectively, any documents, instruments, guarantees or agreements entered into by the Company, any of its Restricted Subsidiaries, or any Receivables Entity for the purpose of providing credit support for one or more Receivables Entities or any of their respective securities, debt instruments, obligations or other Indebtedness.

  • Secured Swap Provider means (i) a Lender or an Affiliate of a Lender (or a Person who was a Lender or an Affiliate of a Lender at the time of execution and delivery of a Rate Contract) who has entered into a Secured Rate Contract with Borrower, or (ii) a Person with whom Borrower has entered into a Secured Rate Contract provided or arranged by GE Capital or an Affiliate of GE Capital, and any assignee thereof.

  • Credit Enhancement means, with respect to this Confirmation or any other Relevant Agreement, any credit enhancement or other credit support arrangement in support of the obligations of Dealer or Counterparty hereunder or thereunder or with respect hereto or thereto, including any guarantee or collateral arrangement (including any pledge, charge, mortgage or other security interest in collateral or title transfer arrangement), trust or similar arrangement, letter of credit, transfer of margin or any similar arrangement.

  • Financial Support Direction means a financial support direction issued by the Pensions Regulator under section 43 of the Pensions Xxx 0000.

  • Grenfell Tower support payment means a payment made to a person because that person was affected by the fire on 14th June 2017 at Grenfell Tower, or a payment to the personal representative of such a person—

  • Credit Enhancement Provider means, with respect to any Securities, any person issuing, funding or otherwise making available, for the benefit of Securityholders or any party to a Serviced Corporate Trust Contract, an asset as an enhancement of the credit quality or liquidity of any Securities or the mortgage assets or other assets pledged for or underlying such Securities, such as a letter of credit, surety bond, insurance policy, guaranty, reserve fund pledge or collateral undertaking.

  • Substitute Credit Support has the meaning specified in Paragraph 4(d)(i).