Hedge Counterparty Collateral Account definition

Hedge Counterparty Collateral Account means the account established pursuant to Section 10.1(b) and described in Section 10.3(g).

Hedge Counterparty Collateral Account means the non-interest bearing securities account designated as the Hedge Counterparty Collateral Account established by the Trustee pursuant to Section 16.1(c).

Hedge Counterparty Collateral Account. Each account established pursuant to Section 10.4.

Examples of Hedge Counterparty Collateral Account in a sentence

• As of any date of determination, any cash or cash equivalents on deposit in, or otherwise to the credit of, the Hedge Counterparty Collateral Account in an amount required to satisfy the then-current Rating Agency criteria.

• DASNY will also review documentation evidencing site control, corporate authority, evidence of committed funding to pay for the entire project as described, environmental reviews and other matters.

• The Borrower agrees to give the Hedge Counterparty prompt notice if it obtains knowledge that the Hedge Counterparty Collateral Account or any funds on deposit therein or otherwise to the credit of the Hedge Counterparty Collateral Account, shall or have become subject to any writ, order, judgment, warrant of attachment, execution or similar process.

• The only permitted withdrawals from or application of funds or property on deposit in the Hedge Counterparty Collateral Account will be in accordance with the written instructions of the Collateral Manager.

• As of any date of determination, any cash or cashequivalents on deposit in, or otherwise to the credit of, the Hedge Counterparty Collateral Account in an amount required to satisfy the then-current Rating Agency criteria.

More Definitions of Hedge Counterparty Collateral Account

Hedge Counterparty Collateral Account means the Securities Account designated as the “Hedge Counterparty Collateral Account” and established in the name of the Trustee pursuant to Section 10.6.

Hedge Counterparty Collateral Account means the segregated account established by the Trustee at the direction of the Issuer pursuant to Section 3.32 of the Indenture, in the name of the Indenture Trustee and for the benefit of the Noteholders.

Hedge Counterparty Collateral Account means each Securities Account designated the “Hedge Counterparty Collateral Account” and established in the name of the Trustee pursuant to Section 16.1(f).

Hedge Counterparty Collateral Account has the meaning given to such term in Section 6.03(b). "Hedge Reserve Account" means a segregated account established by the initial Servicer, on behalf of the Borrower, with the Account Bank in the name of the Administrative Agent for the benefit of the Secured Parties, into which amounts may be deposited by the Borrower in accordance with Section 6.03(a) and which, at all times from and after the time of its establishment, will be subject to the Control Agreement. "Hedge Reserve Account Required Amount" means, as of any date of determination on which the aggregate notional amount of all outstanding Hedge Transactions is less than the Loans Outstanding (after giving effect to any changes to the Loans Outstanding on such date), an amount equal to the productgreater of (i) : (i) an amount equal to the product of (a) 0.15% and (b) the excess (if any) of (x) the Loans Outstanding on such date over (y) the aggregate notional amount under all Hedge Transaction on such date; and (ii) if the Required Lenders direct the Administrative Agent to obtain a quote, (a) 110% times (iib) the quoted purchase price from any Lender, any Agent, or any Affiliate of any Lender or Agent (which price shall be reasonably determined based on prevailing market conditions and such Lender or Agent's pricing of caps of a similar size, duration and cap rate) most recently received by the Borrower (or the Servicer on behalf of the Borrower) pursuant to Section 6.03(a)(ii) hereof (which quote shall, for purpose of this definition, continue in effect until the next succeeding date on which such a quote is received pursuant to Section 6.03(a)(ii) hereof), for an interest rate cap (A) that has a notional amount, duration, and amortization that is agreed upon by the Borrower and the Administrative Agent for such date and (B) the cap rate for which is the maximum cap rate that would cause the Excess Spread to equal the 'Average Target Rate' if a Hedge Transaction in the form of an interest rate cap having such strike rate and having the notional amount referenced in clause (A) was included in the calculation of 'Weighted Average Hedge Rate' on such date. For purposes of this definition, the 25

Hedge Counterparty Collateral Account means, in respect of any Hedge Agreement, an interest bearing account described as such in the name of the Issuer with the Account Bank, as such is established pursuant to and in accordance with Condition 12(d) (Hedge Counterparty Collateral Accounts).

Hedge Counterparty Collateral Account shall have the meaning given to such term in the Indenture.

Hedge Counterparty Collateral Account means the account designated as such pursuant to Section 4.1(a)(v) of the Servicing Supplement.