DZ Bank definition

DZ Bank means DZ Bank AG Deutsche Zentral-Genossenschaftsbank and any successor thereto.

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DZ Bank means DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main.

DZ Bank has the meaning assigned to that term in the preamble hereto.

Examples of DZ Bank in a sentence

• Each Purchaser acknowledges that DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main is a Purchaser hereunder.

• By accepting the benefits of this Agreement, each Secured Party hereby designates and appoints DZ Bank to act as its agent hereunder and under each other Related Document, and authorizes the Agent to take such actions as agent on its behalf and to exercise such powers as are delegated to the Agent by the terms of this Agreement and the other Related Documents together with such powers as are reasonably incidental thereto.

• DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main may act as a Funding Agent without regard to and without additional duties or liabilities arising from its role as such administrator or agent or arising from its acting in any such other capacity.

• DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, in its capacity as a Funding Agent shall not, by virtue of its acting in any such other capacities, be deemed to have duties or responsibilities hereunder or be held to a standard of care in connection with the performance of its duties as a Funding Agent other than as expressly provided in this Agreement.

• This Agreement shall be binding upon and inure to the benefit of the Borrower, each Lender, the Master Collateral Agent, GWG Trust, GWG Trustee, the Liquidity Providers and their respective successors and assigns, except that Borrower shall not have the right to assign any of its respective rights, or to delegate any of its respective duties and obligations, hereunder without the prior written consent of GWG Trustee, DZ Bank and the Required Lenders.

More Definitions of DZ Bank

DZ Bank has the meaning set forth in the preamble to this Agreement.

DZ Bank means DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt AM Main, New York Branch.

DZ Bank. As defined in the Preamble.

DZ Bank means DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, a stock corporation incorporated under the laws of the Federal Republic of Germany.

DZ Bank has the meaning set forth in the preamble.

DZ Bank means Deutsche Zentral-Genossenschaftsbank Frankfurt am Main as defined in the Preamble hereto, and its successors in interest and permitted assigns.

DZ Bank means DZ Bank AG Deutsche Zentral-Genossenschaftsbank and any successor thereto. “Electronic Ledger” means the electronic master record of the Seller with respect to all of its loans, insurance policies and other receivables. “Eligible Asset” has the meaning specified on Schedule I. “Eligible Asset Balance” means, at any time, the aggregate Collateral Balance of the Eligible Assets at such time. “Eligible CDS Counterparty” means, at any time of determination, a CDS Counterparty that (i) if an insurance company, (x) has financial strength ratings from at least two out of the following three rating agencies: Standard & Poor’s, Moody’s and A.M. Best, (y) such financial strength ratings are not less than “AA-” by Standard & Poor’s (if rated by Standard & Poor’s), “Aa3” by Moody’s (if rated by Moody’s) and “A-” by A.M. Best (if rated by A.M. Best), and (z) such CDS Counterparty has been approved by the Agent in writing as an Eligible CDS Counterparty hereunder, and (ii) if not an insurance company, (x) has a long-term unsecured, non-credit enhanced debt rating (a “Debt Rating”) from at least two out of the following three rating agencies: Fitch, Standard & Poor’s and Moody’s, (y) such Debt Ratings are not less than “AA-” by Fitch (if rated by Fitch), “AA-” by Standard & Poor’s (if rated by Standard & Poor’s) and “Aa3” by Moody’s (if rated by Moody’s) and (iii) has been approved by the Agent in writing as an Eligible CDS Counterparty hereunder. 8 “Eligible CDS Transaction” means a CDS Transaction: (a) that is entered into between the Borrower and a CDS Counterparty that is at all times an Eligible CDS Counterparty; (b) for which the related CDS Agreement is consistent with customary rating agency criteria for “swap-dependent” transactions and is otherwise be in form and substance satisfactory to the Agent.