Hedge Collateral Account definition

Hedge Collateral Account has the meaning given to such term in Section 3.16(g).

Hedge Collateral Account means the account established and maintained by the Indenture Trustee pursuant to Section 3.02(d) of the Indenture and Servicing Agreement.

Hedge Collateral Account. Each trust account established pursuant to Section 16.1(e) hereof.

Examples of Hedge Collateral Account in a sentence

• PML as Administrator may, from time to time, make withdrawals on behalf of the Issuer from the Transaction Account and any Hedge Collateral Account as permitted by this Agreement, the Deed of Charge or any Hedge Agreement, but not otherwise.

• The Issuer, for the benefit of the Noteholders and each Hedge Counterparty, shall deposit, or cause its Affiliate to deposit, any and all funds received pursuant to any Hedge Agreement into the Collection Account, subject only to the terms of the Joint Operating Agreement; provided, however, any such amounts received as “Posted Collateral” pursuant to the terms of a Hedge Agreement shall be deposited into the Hedge Collateral Account.

• Hedge Collateral (other than in Turkish Lira) provided to the Issuer by a Hedging Counterparty under a Hedging Agreement shall be credited to the relevant Hedge Collateral Account.

• The Securities Intermediary shall treat the Indenture Trustee as entitled to exercise the rights that comprise each financial asset credited to any Issuer Account and the Hedge Collateral Account.

• The Securities Intermediary shall not change the name or the account number of any Issuer Account or Hedge Collateral Account without the prior written consent of the Indenture Trustee (acting at the written direction of the Majority Noteholders).

• Each item of property credited to each Issuer Account and Hedge Collateral Account shall not be subject to, and the Securities Intermediary hereby waives, any security interest, lien, claim, encumbrance, or right of setoff in favor of the Securities Intermediary or anyone claiming through the Securities Intermediary (other than the Indenture Trustee).

• It is the intent of the Indenture Trustee and the Issuer that each Issuer Account and Hedge Collateral Account shall be a securities account on behalf of the Indenture Trustee for the benefit of the Noteholders and each Hedge Counterparty and not an account of the Issuer.

• Executive agrees that he will not join any additional corporate boards without the prior approval of the Board, which approval shall not be unreasonably withheld or delayed.

• It shall maintain: (i) the Issuer Transaction Account; (ii) the Issuer Reserve Account; (iii) the Issuer Domestic Account; (iv) the Issuer Spain TRO Collection Account; and (v) the Issuer Hedge Collateral Account and shall not open or continue to maintain any other bank account, unless such account is charged to the Issuer Security Trustee on terms acceptable to it and such bank account is opened and maintained in accordance with the Issuer Account Bank Agreement.

• Value Proposition▪ Best tower-asset play given its smaller market cap.

More Definitions of Hedge Collateral Account

Hedge Collateral Account has the meaning set out in Clause 3.2.

Hedge Collateral Account. With respect to the Hedge Agreements, in the event that a Hedge Provider elects to post collateral as provided in the Hedge Agreements, the non-interest bearing separate trust account established and maintained by the Indenture Trustee which shall be an Eligible Account for the benefit of the Hedge Providers and the Noteholders, as their interests may appear, into which such collateral shall be deposited.

Hedge Collateral Account means, collectively, the separate subaccounts of the Trust Account established in accordance with the Trust Agreement to hold any variation margin collateral posted by the applicable Hedge Counterparty in favor of the Reinsurer in respect of the Reinsurer Xxxxxx.

Hedge Collateral Account has the meaning given to such term in Section 6.03(c).

Hedge Collateral Account means the account established and maintained by the Indenture Trustee pursuant to Section 3.2(c) of the Indenture.

Hedge Collateral Account means each hedge collateral account established and maintained pursuant to Section 6.03(c).