Excess Hedge Collateral definition

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.
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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.
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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.
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Examples of Excess Hedge Collateral in a sentence

  • Senior Asset Exemption - up to$127k (single) and $190k(married) are not counted toward income.Updated to $150k (single) and $250k (married).Household Requirements Section IISilent.Applicants must have court-ordered custody agreement providing 30% or more custody of children in order to count children (who are not claimed as dependents on tax returns) ashousehold members.

  • Any Excess Hedge Collateral will be paid and/or returned directly to the relevant Hedge Counterparty and not dealt with in accordance with the Priorities of Payment.


More Definitions of Excess Hedge Collateral

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).
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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:
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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:
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Related to Excess Hedge Collateral

  • Hedge Collateral Defined in Section 5.3(b).

  • Swap Collateral means, at any time, any asset (including, without limitation, cash and/or securities) which is paid or transferred by a Swap Provider to the Guarantor (and not transferred back to the Swap Provider) as credit support to support the performance by such Swap Provider of its obligations under the relevant Swap Agreement together with any income or distributions received in respect of such asset and any equivalent of such asset into which such asset is transformed; for greater certainty, Contingent Collateral shall at all times be excluded from Swap Collateral;

  • Secured Swap Obligations means all amounts and other obligations owing to any Secured Swap Party under any Secured Swap Agreement (other than Excluded Swap Obligations).

  • Notes Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Secured Hedge Obligations means Obligations under Secured Hedge Agreements.

  • Secured Swap Agreement means a Swap Agreement between (x) any Loan Party and (y) a Secured Swap Provider.

  • Mortgage Collateral the “Collateral” as defined in the Mortgage Loan Agreement.

  • Secured Hedging Obligations means all debts, liabilities and obligations of the Borrower or any Restricted Subsidiary in respect of any Secured Hedging Agreement.

  • 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.

  • 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.]

  • Secured Swap Provider means (i) a Lender or an Affiliate of a Lender (or a Person who was a Lender or an Affiliate of a Lender at the time of execution and delivery of a Rate Contract) who has entered into a Secured Rate Contract with Borrower, or (ii) a Person with whom Borrower has entered into a Secured Rate Contract provided or arranged by GE Capital or an Affiliate of GE Capital, and any assignee thereof.

  • Secured Hedge Agreement means any Swap Contract permitted under Article VI or VII that is entered into by and between any Loan Party and any Hedge Bank.

  • ABL Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Interest Hedge Agreement means an interest rate protection agreement that may be entered into between the Borrower and an Interest Hedge Counterparty on or after the Closing Date, for the sole purpose of hedging interest rate risk between the portfolio of Collateral Loans and the Loans, as amended from time to time in accordance with the terms thereof, with respect to which the Rating Condition is satisfied.

  • Priority Collateral means the ABL Priority Collateral or the Term Priority Collateral, as applicable.

  • Borrower Collateral means all of Borrower's now owned or hereafter acquired right, title, and interest in and to each of the following:

  • Indenture Collateral has the meaning set forth in the Granting Clause of the Indenture.

  • Designated Hedge Creditor means each Person that participates as a counterparty to any Designated Hedge Agreement.

  • Senior Collateral means any “Collateral” as defined in any Credit Agreement Loan Document or any other Senior Debt Document or any other assets of the Company or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Senior Collateral Document as security for any Senior Obligations.

  • Secured Cash Management Obligations means Obligations under Secured Cash Management Agreements.

  • Specified Swap Obligation means, with respect to any Loan Party, any obligation to pay or perform under any agreement, contract or transaction that constitutes a “swap” within the meaning of Section 1a(47) of the Commodity Exchange Act or any rules or regulations promulgated thereunder.

  • Interest Swap Obligations means the obligations of any Person pursuant to any arrangement with any other Person, whereby, directly or indirectly, such Person is entitled to receive from time to time periodic payments calculated by applying either a floating or a fixed rate of interest on a stated notional amount in exchange for periodic payments made by such other Person calculated by applying a fixed or a floating rate of interest on the same notional amount and shall include, without limitation, interest rate swaps, caps, floors, collars and similar agreements.

  • Senior Collateral Agent means Citicorp USA, Inc., in its capacity as Senior Collateral Agent under the Senior Collateral Documents, and its successors.

  • First Lien Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.

  • First Lien Last Out Loan Any Collateral Obligation that would be a Senior Secured Loan except that, following a default, such Collateral Obligation becomes fully subordinated to other senior secured loans of the same Obligor and is not entitled to any payments until such other senior secured loans are paid in full.

  • Loan Obligations means (a) the due and punctual payment by the Borrower of (i) the unpaid principal of and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans made to the Borrower under this Agreement, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment required to be made by the Borrower under this Agreement in respect of any Letter of Credit, when and as due, including payments in respect of reimbursement of disbursements, interest thereon (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) and obligations to provide Cash Collateral and (iii) all other monetary obligations of the Borrower owed under or pursuant to this Agreement and each other Loan Document, including obligations to pay fees, expense reimbursement obligations and indemnification obligations, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), and (b) the due and punctual payment of all obligations of each other Loan Party under or pursuant to each of the Loan Documents.