Group II Swap Credit Support Annex definition

Group II Swap Credit Support Annex. The credit support annex, dated as of November 30, 2006, between the Group II Supplemental Interest Trust Trustee and the Group II Swap Provider, which is annexed to and forms part of the Group II Swap Agreement.
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Examples of Group II Swap Credit Support Annex in a sentence

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II Swap Collateral Account after payment of all amounts owing to Party B under the Group II Swap Agreement shall be withdrawn from the Group II Swap Collateral Account and paid to the Group II Swap Provider in accordance with the Group II Swap Credit Support Annex.

  • Upon the occurrence of an Event of Default, a Termination Event, or an Additional Termination Event (each as defined in the Group II Swap Agreement), amounts in the Group II Swap Collateral Account shall be withdrawn by the Group II Swap Custodian and applied to the payment of any termination payment due to Party B (as defined in the Group II Swap Agreement) in accordance with the Group II Swap Credit Support Annex.

  • Cash collateral posted by the Group II Swap Provider in accordance with the Group II Swap Credit Support Annex shall be deposited by the Group II Supplemental Interest Trust Trustee in the Group II Swap Collateral Account (unless directed to be invested otherwise by the Group II Swap Provider).

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

  • The Group II Supplemental Interest Trust Trustee is hereby directed to perform the obligations of the Custodian as defined under the Group II Swap Credit Support Annex (the “Group II Swap Custodian”).

  • The Securities Administrator is hereby directed to perform the obligations of the Custodian as defined under the Group I Swap Credit Support Annex and the Group II Swap Credit Support Annex (the “Swap Custodian”).

Related to Group II Swap Credit Support Annex

  • S&P Credit Support Amount means, for any Valuation Date, the excess, if any, of:

  • Credit Support Annex means the Credit Support Annex annexed to this Agreement.

  • Fitch Credit Support Amount means, for any Valuation Date, the excess, if any, of:

  • Credit Support Amount has the meaning specified in Paragraph 3.

  • QFC Credit Support has the meaning specified in Section 11.21.

  • Currency Swap Agreement means any currency swap agreement, including all schedules and confirmations thereto, entered into by the Issuer and the Currency Swap Counterparty, as the same may be amended, supplemented, renewed, extended or replaced from time to time.

  • Senior Credit Support Depletion Date The date on which the Class Certificate Balance of each Class of Subordinated Certificates has been reduced to zero.

  • Credit Enhancement Agreement means the Agreement among the Sellers, the Master Servicer, the Trustee and the Credit Enhancement Provider with respect to the Credit Enhancement.

  • Credit Support Instrument" "Credit Support Provider"

  • Fixed Swap Payment With respect to any Distribution Date, a fixed amount equal to the related amount set forth in the Interest Rate Swap Agreement.

  • Credit Support Depletion Date The first Distribution Date on which the Certificate Principal Balances of the Subordinate Certificates have been reduced to zero.

  • Mid-Swap Floating Leg Benchmark Rate means EURIBOR (if the Specified Currency is euro), LIBOR for the Specified Currency (if the Specified Currency is U.S. dollars, Pounds Sterling or Swiss Francs), CIBOR (if the Specified Currency is Danish Kroner), NIBOR (if the Specified Currency is Norwegian Kroner), STIBOR (if the Specified Currency is Swedish Kronor) or (in the case of any other Specified Currency) the benchmark rate most closely connected with such Specified Currency and selected by the Calculation Agent in its discretion after consultation with the Issuer;

  • Swap Provider Trigger Event A Swap Termination Payment that is triggered upon: (i) an Event of Default under the Interest Rate Swap Agreement with respect to which the Swap Provider is a Defaulting Party (as defined in the Interest Rate Swap Agreement), (ii) a Termination Event under the Interest Rate Swap Agreement with respect to which the Swap Provider is the sole Affected Party (as defined in the Interest Rate Swap Agreement) or (iii) an Additional Termination Event under the Interest Rate Swap Agreement with respect to which the Swap Provider is the sole Affected Party.

  • Eligible Credit Support means Eligible Collateral and Other Eligible Support.

  • Floating Swap Payment With respect to any Distribution Date on or prior to the Distribution Date in January 2010, an amount equal to the product of (x) Swap LIBOR, (y) the Swap Agreement Notional Balance for that Distribution Date and (z) a fraction, the numerator of which is equal to the number of days in the related calculation period as provided in the Swap Agreement and the denominator of which is 360.

  • Credit Support Balance means, with respect to a Transferor on a Valuation Date, the aggregate of all Eligible Credit Support that has been transferred to or received by the Transferee under this Annex, together with any Distributions and all proceeds of any such Eligible Credit Support or Distributions, as reduced pursuant to Paragraph 2(b), Paragraph 3(c)(ii) or Paragraph 6. Any Equivalent Distributions or Interest Amount (or portion of either) not transferred pursuant to Paragraph 5(c)(i) or (ii) will form part of the Credit Support Balance.

  • Eligible Swap Counterparty means an entity, which may be an affiliate of a remarketing agent, engaged in the business of entering into derivative instrument contracts that satisfies the Rating Agency Condition.

  • Interest Rate Swap Agreement means the agreement(s) (including any further replacement agreements) entered into between the Guarantor LP and the Interest Rate Swap Provider(s) in the form of an ISDA Master Agreement, as the same may be amended, varied, supplemented, restated or extended from time to time, including a schedule and confirmations in relation to each Tranche or Series of Covered Bonds;

  • Swap Counterparty Trigger Event A Swap Counterparty Trigger Event shall have occurred if any of a Swap Default with respect to which the Swap Counterparty is a Defaulting Party, a Termination Event with respect to which the Swap Counterparty is the sole Affected Party or an Additional Termination Event with respect to which the Swap Counterparty is the sole Affected Party has occurred.

  • Credit Enhancement Agreements means, collectively, any documents, instruments, guarantees or agreements entered into by the Company, any of its Restricted Subsidiaries, or any Receivables Entity for the purpose of providing credit support for one or more Receivables Entities or any of their respective securities, debt instruments, obligations or other Indebtedness.

  • Credit Enhancement means, with respect to this Agreement, any credit enhancement or other credit support arrangement in support of the obligations of the Company hereunder or with respect hereto, including any guarantee, collateral arrangement (including any pledge, charge, mortgage or other security interest in collateral or title transfer arrangement), trust or similar arrangement, letter of credit, transfer of margin, reimbursement obligation or any similar arrangement.

  • Collateral Enhancement Obligation means any warrant or equity security, excluding Exchanged Equity Securities, but including without limitation, warrants relating to Mezzanine Obligations and any equity security received upon conversion or exchange of, or exercise of an option under, or otherwise in respect of a Collateral Debt Obligation; or any warrant or equity security purchased as part of a unit with a Collateral Debt Obligation (but in all cases, excluding, for the avoidance of doubt, the Collateral Debt Obligation), in each case, the acquisition of which will not result in the imposition of any present or future, actual or contingent liabilities or obligations on the Issuer other than those which may arise at its option; provided that no Collateral Enhancement Obligation may be a Dutch Ineligible Security.

  • Cap Contract Any of the Class A-1 Cap Contract, the Class A-2 Cap Contract or the Subordinate Certificates Cap Contract.

  • Eligible Counterparty means an “Eligible Counterparty” for the purposes of the Law.

  • 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.