Eligible Credit Support definition

Eligible Credit Support means Eligible Collateral and Other Eligible Support.

Eligible Credit Support means, with respect to a party, the items, if any, specified as such for that party in Paragraph 11(b)(ii) including, in relation to any securities, if applicable, the proceeds of any redemption in whole or in party of such securities by the relevant issuer.

Eligible Credit Support means, with respect to a party, the items, if any, specified as such for that party in Paragraph 11(b)(ii) including, in relation to any securities, if applicable, the proceeds of any redemption in whole or in part of such securities by the relevant issuer.

Examples of Eligible Credit Support in a sentence

• Each party agrees that all right, title and interest in and to any Eligible Credit Support, Equivalent Credit Support, Equivalent Distributions or Interest Amount which it transfers to the other party under the terms of this Annex shall vest in the recipient free and clear of any liens, claims, charges or encumbrances or any other interest of the transferring party or of any third person (other than a lien routinely imposed on all securities in a relevant clearance system).

• Notwithstanding Paragraph 8, the Transferor will be responsible for, and will reimburse the Transferee for, all transfer and other taxes involved in the transfer of Eligible Credit Support either from the Transferor to the Transferee or from the Transferee to the Transferor hereto.

• The provisions of Paragraph 4 will apply, except that, pending the resolution of a dispute, transfer of the undisputed Value of Eligible Credit Support or Credit Support Balance involved in the relevant demand will be due as provided in Paragraph 4 if the demand is made at or before the Notification Time but will be due on the second Local Business Day after the demand if the demand is made after the Notification Time.

• For the purpose of Paragraph 4(a)(4)(i)(C) and Paragraph 4(a)(4)(ii), the Value of the outstanding Credit Support Balance or of any transfer of Eligible Credit Support or Equivalent Credit Support, as the case may be, will be calculated as follows: Disputes over Value will be resolved by the Valuation Agent seeking three bid quotes as of the relevant Valuation Date or date of Transfer from parties that regularly act as dealers in the securities or other property in question.

• Subject to Paragraph 3 and Paragraph 4, upon a demand made by the Transferee on or promptly following a Valuation Date, if the Delivery Amount for that Valuation Date equals or exceeds the Transferor’s Minimum Transfer Amount, then the Transferor will transfer to the Transferee Eligible Credit Support having a Value as of the date of transfer at least equal to the applicable Delivery Amount (rounded pursuant to Paragraph 11(b)(iii)(D)).

More Definitions of Eligible Credit Support

Eligible Credit Support means Eligible Collateral and Other Eligible Support, including in relation to any securities, if applicable, the proceeds of any redemption in whole or in part of such securities by the relevant issuer.

Eligible Credit Support means either:

Eligible Credit Support has the meaning assigned to that term in the Investment Advisory Agreement.

Eligible Credit Support means cash and negotiable debt obligations, in each case denominated in an Eligible Currency, provided that securities used as Eligible Credit Support are not Prohibited Belgian Securities.

Eligible Credit Support means the "Eligible Credit Support" or "Eligible Credit Support (VM)" (or equivalent concept) as defined in the relevant ISDA Credit Support Annex and includes any proceeds thereof;

Eligible Credit Support means, with respect to the Swap Counterparty, either cash in an Eligible Currency (being GBP, USD, EUR, JPY, CHF, CAD) or debt obligations denominated in an Eligible Currency and issued by the issuer of the Collateral Securities with a maturity less than or equal to the maturity of the Collateral Securities and which are not subordinated in priority of payment to the Collateral Securities (such securities, “Eligible Securities”).

Eligible Credit Support has the meaning given to it in the Swap Agreement;