Excess Hedge Collateral means: (a) the remaining Hedge Collateral due to be returned to a Hedging Counterparty after termination payments payable by such Hedging Counterparty to the Issuer in respect of the relevant Hedging Agreement have been satisfied, (b) if no termination payments were payable by such Hedging Counterparty to the Issuer after the occurrence of an Early Termination Date (as defined in the ISDA Master Agreement) in respect of the relevant Hedging Agreement, the Hedge Collateral due to be returned to the Hedging Counterparty in accordance with the provisions of the relevant credit support annex, in each case, under the terms of the relevant Hedging Agreement, or (c) any amounts in the applicable Hedge Collateral Account in excess of the amount of collateral required to be maintained in such account pursuant to the applicable Hedging Agreement.
Excess Hedge Collateral means an amount equal to the value of the collateral (or the applicable part of any collateral) provided by any Hedge Provider to the Issuer in respect of the relevant Hedge Provider's obligations to transfer collateral to the Issuer under the relevant Hedge Agreement (as a result of the ratings downgrade provisions in that Hedge Agreement), which is in excess of that Hedge Provider's liability to the Issuer under the relevant Hedge Agreement as at the date of termination of the transaction under the relevant Hedge Agreement, or which the relevant Hedge Provider is otherwise entitled to have returned to it under the terms of the relevant Hedge Agreement;
Excess Hedge Collateral means any Hedge Collateral that is remaining with the Series AssetCo after the discharge of all amounts owing following the designation of an Early Termination Date (as defined in the relevant Series Hedge Agreement) or following the Termination Date (as defined in the relevant Series Hedge Agreement).
Examples of Excess Hedge Collateral in a sentence
Organizations that conduct make-up sessions via a delivery mode other than in-person are still considered to be delivering the program in-person.
True or false (& why): Investors should buy stock or well-managed firms, and avoid purchasing equity of poorly managed firms.
More Definitions of Excess Hedge Collateral
Excess Hedge Collateral means an amount equal to the value of the collateral (or the applicable part of any collateral) provided by the Swap Counterparty to the Issuer in respect ofthe Swap Counterpartys obligations to transfer collateral to the Issuer under the Swap Agreement (as a result of the ratings downgrade provisions in the Swap Agreement), which is in excess of the Swap Counterparty's liability to the Issuer under the Swap Agreement as at the date of termination of the transaction under the Swap Agreement, or which the Swap Counterparty is otherwise entitled to have returned to it under the terms of the Swap Agreement.Governing LawThe Swap Agreement and Swap Transactions will be governed by and construed in accordance with the laws of England. The courts of England will have jurisdiction to hear any disputes that may arise in connection therewith.ESTIMATED WEIGHTED AVERAGE LIVES OF THE FLOATING RATE NOTES AND ASSUMPTIONS Weighted average life refers to the average amount of time that will elapse from the date of issuance of a security to the date of distribution to the investor of amounts distributed in reduction of principal of such security (assuming no losses). The weighted average lives of the Floating Rate Notes will be influenced by, among other things, the rate at which, after the end of the Revolving Period, the Principal Component of the Mortgage Assets is paid which may be in the form of scheduled amortisation, prepayments or enforcement proceeds.The weighted average lives of the Floating Rate Notes used in this Prospectus for the Mortgage Assets represents an assumed constant per annum rate of prepayment ("CPR") for each month relative to the then outstanding principal balance of a pool of mortgages. CPR does not purport to be either an historical description of the prepayment experience of any pool of mortgage loans or a prediction of the expected rate of prepayment of any mortgage loans, including the Mortgage Assets, to be included in the Mortgage Asset Portfolios. The following tables have been prepared on the basis of certain assumptions as described below regarding the characteristics of the Mortgage Assets and the performance thereof. The tables assume, among other things, that:
Excess Hedge Collateral means an amount equal to the value of the collateral (or the applicable part of any collateral) provided by the Hedge Provider to the Issuer in respect of the Hedge Provider's obligations to transfer collateral to the Issuer under the Hedging Agreement (as a result of the ratings downgrade provisions in the Hedging Agreement), which is in excess of the Hedge Provider's liability to the Issuer under the Hedging Agreement as at the date of termination of the transaction under the Hedging Agreement, or which the Hedge Provider is otherwise entitled to have returned to it under the terms of the Hedging Agreement.ESTIMATED AVERAGE LIFE OF THE NOTES AND ASSUMPTIONSThe average lives of each class of the Class A to D Notes cannot be predicted as the actual rate at which the Mortgage Loans will be repaid and a number of other relevant factors are unknown. Calculations of possible average lives of each class of the Class A to D Notes can be made under certain assumptions. Based on the assumptions that:
Excess Hedge Collateral means, at any time, the collateral lodged by the Hedge Counterparty in accordance with the relevant Hedge Agreement which is in excess of the collateral required to satisfy the obligations of the Hedge Counterparty under the applicable Hedge Agreement and which the Hedge Counterparty is entitled to have returned to it in accordance with the terms of the relevant Hedge Agreement.