Derivative Account definition

Derivative Account. As defined in the related Indenture Supplement, if applicable.

Derivative Account. The separate trust account created and maintained by the Derivative Administrator, and held within the Supplemental Interest Trust, pursuant to the Derivative Administration Agreement.

Derivative Account. As defined in Section 4.09(i).

Examples of Derivative Account in a sentence

• The Supplemental Interest Trust shall hold the Swap Agreement, the Yield Maintenance Agreement, the Derivative Administration Agreement and Derivative Account.

• The Derivative Account shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Trustee held pursuant to this Agreement.

• For the avoidance of doubt, the Supplemental Interest Trust, the Swap Agreement, the Yield Maintenance Agreement, the Derivative Account and the Derivative Administration Agreement do not constitute parts of the Trust Fund or any REMIC.

• Funds on deposit in the Derivative Account shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Trustee or held pursuant to this Agreement.

• The Derivative Account shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Securities Administrator held pursuant to this Agreement.

More Definitions of Derivative Account

Derivative Account means the segregated non-interest bearing trust account, which shall be an Eligible Account, established and maintained pursuant to Section 18 hereof and entitled “The Bank of New York Mellon, as Indenture Trustee for the Nationstar Mortgage Advance Receivables Trust Advance Receivables Backed Notes, Derivative Account”. The Derivative Account is a Trust Account.

Derivative Account. As defined in Section 5.10 hereof.

Derivative Account. The Group 1 Derivative Account or Group 2 Derivative Account, as applicable.

Derivative Account. Each of the Certificate Swap Account, the Subordinated Certificate Swap Account and the Subordinated Certificate Corridor Account. Derivative Agreements: Collectively, the Certificate Swap Contract, the Subordinated Certificate Swap Contract and the Subordinated Certificate Corridor Contract. Depositor: CWALT, Inc., a Delaware corporation, or its successor in interest. Depository: The initial Depository shall be The Depository Trust Company, the nominee of which is CEDE & Co., as the registered Holder of the Book-Entry Certificates. The Depository shall at all times be a "clearing corporation" as defined in Section 8-102(a)(5) of the Uniform Commercial Code of the State of New York.

Derivative Account. The Cap Account and Swap Account, as applicable.

Derivative Account. The Group I Derivative Account and Group II Derivative Account.

Derivative Account. A separate Eligible Account created and initially maintained by the Securities Administrator, on behalf of the Supplemental Interest Trust Trustee, pursuant to Section 4.10 hereof.