Issuer Swap Collateral Accounts definition

Issuer Swap Collateral Accounts means the Issuer Swap Collateral Cash Account and the Issuer Swap Collateral Securities Account;
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Issuer Swap Collateral Accounts means the accounts, if any, opened in the name of the Master Issuer for the purpose of holding Swap Collateral delivered to the Master Issuer and maintained in accordance with the Issuer Cash Management Agreement;
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Examples of Issuer Swap Collateral Accounts in a sentence

  • The Issuer Cash Manager undertakes (to the extent to which the same is within its control in its capacity as Issuer Cash Manager) that on the Closing Date each Issuer Swap Collateral Account will be operative and that the Issuer Cash Manager will not knowingly create or permit to subsist any Security Interest in relation to the Issuer Swap Collateral Accounts other than as created under or permitted pursuant to the Deed of Charge.

  • No amendment or waiver of any provision of this Agreement nor consent to any departure by any of the parties therefrom shall in any event be effective unless the same shall be in writing and signed by each of the parties hereto and, in the case of any such amendment waiver or consent in relation to Clause 3.1 (General), Clause 4.5 (Downgrade of Issuer Account Bank), Clause 4.10 (Issuer Swap Collateral Accounts) and Schedule 4 (Swap Notifications) only, each Swap Provider.

  • In the event of such termination the relevant Issuer Swap Collateral Account Bank shall use reasonable endeavours to assist the other parties hereto to effect an orderly transition of the banking arrangements documented hereby and shall transfer all Cash and Securities standing to the credit of the Issuer Swap Collateral Accounts to the accounts with the replacement financial institution notified to it by the Issuer or the Issuer Cash Manager.

  • The Issuer Cash Manager confirms that it has established the Issuer Swap Collateral Accounts in the books of the Issuer.

  • Following service of an Issuer Enforcement Notice, the Issuer Security Trustee or any Receiver appointed by the Issuer Security Trustee will administer the Issuer Bank Accounts in accordance with the terms of the Issuer Deed of Charge and, in the case of amounts standing to the credit of the Issuer Swap Collateral Accounts, in accordance with the Issuer Swap Agreement.

  • The Issuer has opened the Custody Account and the Cash Accounts (the Swap Collateral Accounts) with the Issuer Swap Collateral Account Banks, and the Issuer has agreed to maintain the Issuer Swap Collateral Accounts with the Issuer Swap Collateral Account Banks subject to and in accordance with the terms of this Agreement.

  • The Issuer has opened the Custody Account and the Cash Accounts (the Swap Collateral Accounts) with the Issuer Swap Collateral Account Bank, and the Issuer has agreed to maintain the Issuer Swap Collateral Accounts with the Issuer Swap Collateral Account Bank subject to and in accordance with the terms of this Agreement.

  • Following service of an Issuer Enforcement Notice, the Issuer Security Trustee or any Receiver appointed by the Issuer Security Trustee will administer the Issuer Bank Accounts in accordance with the terms of the Issuer Deed of Charge and in the case of amounts standing to the credit of the Issuer Swap Collateral Accounts, in accordance with the Issuer Swap Agreement.

Related to Issuer Swap Collateral Accounts

  • 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.]

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • 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;

  • Collateral Account is any Deposit Account, Securities Account, or Commodity Account.

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • Collateral Account Bank a bank which at all times is a Collateral Agent or a Lender or an affiliate thereof as selected by the relevant Grantor and consented to in writing by the Collateral Agent (such consent not to be unreasonably withheld or delayed).

  • Reserve Accounts means the Tax and Insurance Reserve Account, the Leasing Reserve Account or any other escrow account established by the Loan Documents.

  • Collateral Account Agreement means the Collateral Account Agreement executed and delivered by Company and Administrative Agent on the Closing Date, substantially in the form of EXHIBIT XXIII annexed hereto, as such Collateral Account Agreement may hereafter be amended, supplemented or otherwise modified from time to time.

  • Facility LC Collateral Account is defined in Section 2.20.11.

  • Collateral Proceeds Account a non-interest bearing cash collateral account established and maintained by the relevant Grantor at an office of the Collateral Account Bank in the name, and in the sole dominion and control of, the Collateral Agent for the benefit of the Secured Parties.

  • Class A Cash Collateral Account means an Eligible Deposit Account in the name of the Subordination Agent maintained at an Eligible Institution, which shall be the Subordination Agent if it shall so qualify, into which all amounts drawn under the Class A Liquidity Facility pursuant to Section 3.5(c), 3.5(d), 3.5(i) or 3.5(m) shall be deposited.

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • Issuer Accounts means, collectively, the Excess Funding Account, the Collection Account and any Supplemental Issuer Account, including any Sub-Accounts thereof.

  • Cash Collateral Account Agreement With respect to any Mortgage Loan, the cash collateral account agreement, if any, between the originator of such Mortgage Loan and the related Mortgagor, pursuant to which the related Cash Collateral Account, if any, may have been established.

  • Liquidity Reserve Account shall have the meaning set forth in Section 8.2(A)(iii).

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

  • Cash Collateral Accounts shall have the meaning given such term in Section 9(a).

  • Proceeds Account means a bank account of the Issuer, into which the Net Proceeds from the Initial Bond Issue will be transferred and which has been pledged in favour of the Agent and the Bondholders (represented by the Agent) under the Proceeds Account Pledge 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.

  • Trust Accounts has the meaning assigned thereto in Section 5.1.

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • L/C Cash Collateral Account means an interest bearing cash collateral account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Letter of Credit Collateral Account means a special deposit account maintained by the Administrative Agent, for the benefit of the Administrative Agent, the Issuing Bank and the Lenders, and under the sole dominion and control of the Administrative Agent.

  • Available Reserve Account Amount means, with respect to any Distribution Date, the lesser of (a) the amount on deposit in the Reserve Account on such date (before giving effect to any deposit to be made to the Reserve Account on such date) and (b) the Required Reserve Account Amount.