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. The account established pursuant to Section 10.5.

Examples of Hedge Counterparty Collateral Account in a sentence

• After application of any such amounts, any income then contained in such Hedge Counterparty Collateral Account shall be withdrawn from such account and paid to the related Hedge Counterparty in accordance with the applicable Hedge Agreement as directed by the Collateral Manager on behalf of the Issuer.

• Income received on amounts or collateral on deposit in each Hedge Counterparty Collateral Account shall be applied, as directed by the Collateral Manager, to the payment of any periodic amounts owed by the Hedge Counterparty to the Issuer on the date any such amounts are due.

• 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 directed by the Issuer (or the Collateral Manager on behalf of the Issuer) in writing, in accordance with the applicable Hedge Agreement, amounts on deposit in a Hedge Counterparty Collateral Account shall be invested in Eligible Investments pursuant to Section 10.6 (Reinvestment of Funds in Accounts; Reports by Collateral Trustee).

More Definitions of Hedge Counterparty Collateral Account

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(d).

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 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 has the meaning given to such term in Section 6.03(b). DB1/ 139452285.4144571789.3 23 "Hedge Reserve Account" means the segregated account established by the initial Servicer, on behalf of the Borrower, with the Account Bank in the name of the Borrower for the benefit of the Secured Parties, and identified as the "Hedge Reserve Account" on Schedule H to this Agreement, into which amounts may be deposited by the Borrower in accordance with Section 6.03(a) and which at all times will be subject to the Control Agreement. "Hedge Reserve Account Required Amount" means, as of any date of determination on which a Hedge Shortfall exists, an amount equal to the product of (i) 110% times (ii) 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 equal to the Hedge Shortfall, and a duration, amortization and cap rate 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 "Average Target Rate" as of any date of determination is the weighted average Target Rate of all Eligible Receivables (weighted by the Principal Balance of such Eligible Receivables). "Hedge Shortfall" means, as of any date of determination, the positive difference of (i) the Loans Outstanding (after giving effect to any changes to the Loans Outstanding on such date) minus (ii) the aggregate notional amount of all outstanding Hedge Transactions on such date. "Hedge Transaction" means each interest rate hedge transaction between the Borrower and a Hedge Counterparty that is entered into pursuant to Section 6.03 and is governed by a Hedging Agreement. "He...

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

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.