Derivative Collateral Account definition

Derivative Collateral Account. As defined in the related Indenture Supplement, if applicable.
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Derivative Collateral Account has the meaning set forth in the Trust Agreement. [***]
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Derivative Collateral Account. A separate Eligible Account created and initially maintained by the Derivative Custodian pursuant to Section 4.12 hereof.
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Examples of Derivative Collateral Account in a sentence

  • Income received on amounts credited to the Derivative Collateral Account shall be withdrawn from such account and paid to the Derivative Counterparty in accordance with the Derivative Agreement.

  • In accordance with the Derivative Agreement, amounts credited to the Derivative Collateral Account shall be invested as permitted by the Derivative Agreement, as directed in writing by the Derivative Counterparty in the Derivative Agreement or otherwise.

  • In the absence of written direction from the Derivative Counterparty regarding investment of amounts credited to the Derivative Collateral Account, all amounts shall remain uninvested.

  • This Act may be called the Micro Financial Sector (Development and Regulation) Act, 2007.

  • All amounts earned on amounts on deposit in the Derivative Collateral Account (whether cash collateral or securities) shall be taxable to the related Derivative Provider.

  • Except for investment earnings, the related Derivative Provider shall not have any legal, equitable or beneficial interest in the Derivative Collateral Account other than in accordance with this Agreement and the related Derivative Contract, as applicable, and applicable law.

  • Upon receipt of a notification of the occurrence of an Event of Default or a Specified Condition (each as defined in the related Derivative Contract), the Derivative Custodian shall withdraw all amounts in the Derivative Collateral Account and apply them to the payment of any termination payment due to Party B (as defined in the related Derivative Contract) in accordance with the Credit Support Annex.

  • The Supplemental Interest Trust, the Derivative Contracts, the Credit Support Annex, the Derivative Account and the Derivative Collateral Account will not constitute an asset of any REMIC created hereunder.

  • We denote by t ≤ 0 the bank‘s gains from securitization that arise as the market in t = fi has a higher willingness to pay for claims due in t = X.fi5 Suppose that the bank makes both good and bad loans and that these are fully securitized at fair value, which is then (fi ‡ t)RGB with RGB := µRG ‡(fi — µ) RB.

  • On the Closing Date, there is hereby established a separate supplemental interest trust (the “Supplemental Interest Trust”), the assets of which shall consist of Derivative Contracts, the Credit Support Annex, the Derivative Account and the Derivative Collateral Account.

Related to Derivative Collateral Account

  • 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.]

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

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

  • 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.

  • 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).

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

  • Proceeds Account means a bank account of the Issuer, into which the Net Proceeds from the Initial Bond Issue will be transferred and which has been pledged in favour of the Agent and the Bondholders (represented by the Agent) under the Proceeds Account Pledge Agreement.

  • 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.

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

  • Excluded Account means (a) any deposit account specifically and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of any Loan Party’s employees and (b) any Xxxxx Cash Accounts.

  • 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.

  • Note Account As defined in the Indenture.

  • 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.

  • Reserve Accounts means the Tax and Insurance Reserve Account, the Leasing Reserve Account or any other escrow account established by the Loan Documents.

  • 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).

  • Loss Proceeds Account has the meaning set forth in Section 3.3(a).

  • 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.

  • 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.

  • Hedge Collateral Defined in Section 5.3(b).

  • Related Account means an Account with respect to which a new credit account number has been issued by the applicable Account Owner or Servicer or the applicable Transferor under circumstances resulting from a lost or stolen credit card and not requiring standard application and credit evaluation procedures under the Credit Card Guidelines.

  • Insurance Proceeds Account has the meaning given to such term in the Accounts Agreement.

  • Additional Collateral Mortgage Loan Each Mortgage Loan identified as such in the Mortgage Loan Schedule.

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

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