Outstanding Collateral Amount definition

Outstanding Collateral Amount means, as of the applicable Collateral Calculation Date, the aggregate fair market value of the Eligible Assets held in the Trust Account with respect to this Policy.
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Outstanding Collateral Amount with respect to a Reinsurer means, as of the applicable Collateral Calculation Date, the aggregate fair market value of the Eligible Assets held in such Reinsurer's Trust Account with respect to this Contract.
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Outstanding Collateral Amount means, as of the applicable Collateral Calculation Date, the aggregate fair market value of the Assets held in the Trust Account.
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Examples of Outstanding Collateral Amount in a sentence

  • Each Reinsurer agrees to maintain the Eligible Assets in such Reinsurer’s Trust Account such that the Outstanding Collateral Amount with respect to such Reinsurer shall be equal to or greater than the Security Amount with respect to such Reinsurer as of each Collateral Calculation Date.

  • For the avoidance of doubt, upon the occurrence of an Insolvency Event, the Reinsurer shall not deposit or withdraw any Assets from the Trust Account, regardless of the Outstanding Collateral Amount, until the payment of the Terminal Settlement Amount is received by the respective party, as applicable under the terms of Article 8 - SPECIAL TERMINATION, subparagraph E.

  • If the Security Amount with respect to any Reinsurer as of any Collateral Calculation Date exceeds the Outstanding Collateral Amount with respect to such Reinsurer as of such Collateral Calculation Date, then, subject to Section 1(e) of the Trust Agreement, such Reinsurer shall, within five (5) Business Days following such Reinsurer becoming aware of such difference, deposit additional Eligible Assets in such Reinsurer’s Trust Account equal to the amount of such difference.

  • If the Outstanding Collateral Amount with respect to such Reinsurer as of the date of such termination notice is less than the Company's written statement of the Security Amount with respect to such Reinsurer, then, subject to Section 1(e) of such Reinsurer’s Trust Agreement, such Reinsurer will, within five (5) Business Days following receipt of such notice, top up such Reinsurer’s Trust Account to an amount equal to the Security Amount with respect to such Reinsurer.

Related to Outstanding Collateral Amount

  • Minimum Collateral Amount means, at any time, (a) with respect to Cash Collateral consisting of cash or deposit account balances provided to reduce or eliminate Fronting Exposure during any period when a Lender constitutes a Defaulting Lender, an amount equal to 105% of the Fronting Exposure of the L/C Issuer with respect to Letters of Credit issued and outstanding at such time, (b) with respect to Cash Collateral consisting of cash or deposit account balances provided in accordance with the provisions of Section 2.14(a)(i), (a)(ii) or (a)(iii), an amount equal to 105% of the Outstanding Amount of all L/C Obligations, and (c) otherwise, an amount determined by the Administrative Agent and the L/C Issuer in their sole discretion.