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

  • 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.

  • 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.

  • Cash collateral on deposit in the Derivative Collateral Account shall be invested in Permitted Investments as directed, in writing, by the related Derivative Provider.

  • Any excess amounts held in such Derivative Collateral Account after payment of all amounts owing to Party B under the related Derivative Contract shall be withdrawn from the Derivative Collateral Account and paid to the related Derivative Provider in accordance with the Credit Support Annex.

  • On or before the Closing Date, the Derivative Custodian shall establish a Derivative Collateral Account.

  • 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.

  • The Derivative Custodian shall maintain and apply all collateral and earnings thereon on deposit in the Derivative Collateral Account in accordance with the Credit Support Annex.

  • 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.

  • The Derivative Custodian shall credit to the Derivative Collateral Account all collateral (whether in the form of cash or securities) posted by the related Derivative Provider to secure the obligations of the related Derivative Provider in accordance with the terms of the related Derivative Contract.

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 2.19.11.

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

  • Deposit Account means a demand, time, savings, passbook or like account with a bank, savings and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit.

  • 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 Account, the Insurance Account, the Replacement Reserve Account, the Immediate Repair Account, the Leasing Reserve Account, the Excess Cash Flow Account, the Operating Expense Account, the Ground Rent Account and any other escrow account established by this Agreement or the other Loan Documents (but specifically excluding the Cash Management Account, the Restricted Account and the Debt Service Account).

  • 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.

  • Hedge Collateral Defined in Section 5.3(b).

  • Related Account means an Account with respect to which a new account number has been issued by the applicable Account Owner or the Servicer (a)(i) resulting from a lost or stolen credit or charge card relating to such Account (if such Account is a credit or charge card account) or (ii) under circumstances not requiring the standard application and credit evaluation procedures under the Credit Guidelines applicable to such Account, and (b) that can be traced or identified by reference to or by way of Schedule 1 to this Agreement and the computer or other records of the applicable Account Owner or the Servicer.

  • 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.