Posted Cash Collateral definition

Posted Cash Collateral. Any cash collateral deposited under (b) above must be maintained with the Relevant Beneficiary and/or in the Relevant Account unless the aggregate of (i) the cash held by the Relevant Beneficiary and (ii) the amount standing to the credit of the Relevant Account, exceeds the Relevant Exposure, in which case an amount equal to that excess may be withdrawn. New Hedging Support Facility Limits: On the Restructuring Effective Date, there will be the following Fronting Bank for the New Hedging Support Facility: Fronting Bank New Hedging Support Facility Limit Deutsche Bank AG US$100,000,000 Repayment and reimbursement: The Borrower requesting a Hedging Support LC must reimburse the relevant Fronting Bank for any amount demanded by a beneficiary of that Hedging Support LC (which on the face of the Hedging Support LC is a valid demand), on or before the date on which the Fronting Bank is obliged to pay the beneficiary under the Hedging Support LC, subject to receiving notice from the Fronting Bank requesting such reimbursement.
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Posted Cash Collateral. Any cash collateral deposited under (b) above must be maintained with the Relevant Beneficiary and/or in the Relevant Account unless the aggregate of (i) the cash held by the Relevant Beneficiary and (ii) the amount standing to the credit of the Relevant Account, exceeds the Relevant Exposure, in which case an amount equal to that excess may be withdrawn. Hedging Support Facility Limits: On the Restructuring Effective Date, there will be the following Fronting Bank for the Hedging Support Facility: Fronting Bank Hedging Support Facility Limit Deutsche Bank AG US$100,000,000 Eligible Instrument Sub- limits: To be agreed between the Company and the Fronting Banks. To be split by commodity product and adjusted over time taking into account market liquidity.
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Posted Cash Collateral means all Eligible Cash Collateral that has been transferred to or received by the Secured Party under this Deed less amounts transferred to the Chargor pursuant to Paragraph 3(b) or 10(f) or realised by the Secured Party under Paragraph 7 or, for the purposes of any obligation to transfer or return Posted Cash Collateral or for the purposes of determining the Posted Cash Collateral held by the Secured Party, an equal cash amount.
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Examples of Posted Cash Collateral in a sentence

  • Amounts payable to BNY hereunder (other than Transfers of Posted Credit Support under the Credit Support Annex Unpaid Amounts (including earnings on Posted Cash Collateral), interest pursuant to Section 6(d)(ii) and the Settlement Amounts paid in respect of a Replacement Transaction) shall be subject to the Priority of Payments (as set forth in Section 4.1 of the Pooling and Servicing Agreement.

  • Returns on Posted Cash Collateral: No accrual or payment of profit amounts on Posted Cash Collateral provided in the CSD.The parties may enter into a separate agreement to provide "Investment Returns" on any Posted Cash Collateral.

  • All transfers under this Deed of any Eligible Cash Collateral or Posted Cash Collateral shall be made in accordance with the instructions of the Secured Party or Chargor, as applicable.

  • Each party as the Chargor, as security for the performance of its Obligations, charges in favour of the Secured Party, by way of first fixed charge, all rights of the Chargor (present and future) against the Secured Party: (i) in respect of all Posted Cash Collateral (present and future); (ii) in respect of the Account and the balance for the time being credited to the Account; and(iii) under this Deed including (without limitation) rights to receive all Return Amounts.

  • Amounts payable to Party A hereunder (other than Transfers of Posted Credit Support under the Credit Support Annex Unpaid Amounts (including earnings on Posted Cash Collateral), interest pursuant to Section 6(d)(ii) and the Settlement Amounts paid in respect of a Replacement Transaction) shall be subject to the priority of payments as set forth in Section 5.03 of the Pooling and Servicing Agreement).

  • Amounts payable to BNY hereunder (other than Transfers of Posted Credit Support under the Credit Support Annex Unpaid Amounts (including earnings on Posted Cash Collateral), interest pursuant to Section 6(d)(ii) and the Settlement Amounts paid in respect of a Replacement Transaction) shall be subject to the Priority of Payments (as set forth in Section __ of the Pooling and Servicing Agreement).

  • Xxxx Payment Obligations shall be reduced by the amount of such Additional Posted Cash Collateral which shall be applied to such outstanding X.

  • Investment Return The parties shall agree and specify in the Deed Schedule whether Posted Cash Collateral shall be held in a manner that results in the accrual of an Investment Return and if so the basis on which that Investment Return shall be determined.

  • Posted Cash Collateral earns interest as prescribed by the CSA Agreements.

  • The Secured Party will transfer or release to the Chargor any Posted Cash Collateral or Associated Rights remaining after set-off and/or application under Paragraph 7 and after satisfaction in full of all amounts payable by the Chargor with respect to any Obligations; the Chargor in all events will remain liable for any amounts remaining unpaid after any set-off and/or application under Paragraph 7(b).

Related to Posted Cash Collateral

  • 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.

  • Cash Collateral Account means a blocked account at a commercial bank specified by the Administrative Agent in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner reasonably satisfactory to the Administrative Agent.

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

  • Letter of Credit Cash Collateral Account means a blocked deposit account at Bank of America with respect to which Borrower hereby grants a security interest in such account to Administrative Agent for and on behalf of Lenders as security for Letter of Credit Usage and with respect to which Borrower agrees to execute and deliver from time to time such documentation as Administrative Agent may reasonably request to further assure and confirm such security interest.

  • Cash Collateral shall have a meaning correlative to the foregoing and shall include the proceeds of such cash collateral and other credit support.

  • Required Cash Collateral Amount shall have the meaning provided in Section 3.7(c).

  • 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.

  • Cash Collateralization has a correlative meaning.

  • Facility LC Collateral Account is defined in Section 2.20.11.

  • 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.

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

  • Matured LC Obligations means all amounts paid by LC Issuer on drafts or demands for payment drawn or made under or purported to be made under any Letter of Credit and all other amounts due and owing to LC Issuer under any LC Application for any Letter of Credit, to the extent the same have not been repaid to LC Issuer (with the proceeds of Loans or otherwise).

  • 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.

  • Letter of Credit Undrawn Amounts means, at any time, the aggregate undrawn face amount of all Letters of Credit outstanding at such time.

  • Secured Cash Management Obligations means Obligations under Secured Cash Management Agreements.

  • LC Obligations means, at any time, the sum, without duplication, of (i) the aggregate undrawn stated amount under all Facility LCs outstanding at such time plus (ii) the aggregate unpaid amount at such time of all Reimbursement Obligations.

  • Facility Letter of Credit Obligations means, as at the time of determination thereof, all liabilities, whether actual or contingent, of the Borrower with respect to Facility Letters of Credit, including the sum of (a) the Reimbursement Obligations and (b) the aggregate undrawn face amount of the then outstanding Facility Letters of Credit.

  • Credit Obligations means all principal, interest, fees, reimbursements, indemnifications, and other amounts now or hereafter owed by the Borrower to the Agent and the Banks (or with respect to the Interest Hedge Agreements, any Affiliates of the Banks) under this Agreement, the Revolving Loan Notes, the Swing Line Note, the Letter of Credit Documents, and the other Credit Documents and any increases, extensions, and rearrangements of those obligations under any amendments, supplements, and other modifications of the documents and agreements creating those obligations.

  • Bank Product Collateralization means providing cash collateral (pursuant to documentation reasonably satisfactory to Agent) to be held by Agent for the benefit of the Bank Product Providers (other than the Hedge Providers) in an amount determined by Agent as sufficient to satisfy the reasonably estimated credit exposure with respect to the then existing Bank Product Obligations (other than Hedge Obligations).

  • Letter of Credit Usage means, as of any date of determination, the aggregate undrawn amount of all outstanding Letters of Credit.

  • Cash Collateralize has the meaning specified in Section 2.03(g).

  • Letter of Credit Obligations means all outstanding obligations incurred by Agent and Lenders at the request of Borrower, whether direct or indirect, contingent or otherwise, due or not due, in connection with the issuance of Letters of Credit by Agent or another L/C Issuer or the purchase of a participation as set forth in Annex B with respect to any Letter of Credit. The amount of such Letter of Credit Obligations shall equal the maximum amount that may be payable by Agent or Lenders thereupon or pursuant thereto.

  • Bank Product Reserve means the aggregate amount of reserves established by the Administrative Agent from time to time in its Permitted Discretion in respect of Secured Bank Product Obligations.

  • Letter of Credit Collateralization means either (a) providing cash collateral (pursuant to documentation reasonably satisfactory to Agent, including provisions that specify that the Letter of Credit Fees and all commissions, fees, charges and expenses provided for in Section 2.11(k) of the Agreement (including any fronting fees) will continue to accrue while the Letters of Credit are outstanding) to be held by Agent for the benefit of the Revolving Lenders in an amount equal to 105% of the then existing Letter of Credit Usage, (b) delivering to Agent documentation executed by all beneficiaries under the Letters of Credit, in form and substance reasonably satisfactory to Agent and Issuing Bank, terminating all of such beneficiaries’ rights under the Letters of Credit, or (c) providing Agent with a standby letter of credit, in form and substance reasonably satisfactory to Agent, from a commercial bank acceptable to Agent (in its sole discretion) in an amount equal to 105% of the then existing Letter of Credit Usage (it being understood that the Letter of Credit Fee and all fronting fees set forth in the Agreement will continue to accrue while the Letters of Credit are outstanding and that any such fees that accrue must be an amount that can be drawn under any such standby letter of credit).

  • Final Cash Collateral Order means the Final Order (I) Authorizing Use of Cash Collateral, (II) Granting Adequate Protection, (III) Modifying the Automatic Stay to Permit Implementation, and (IV) Granting Related Relief [Docket No. 988] entered by the Bankruptcy Court on March 25, 2015, including all stipulations related thereto.

  • Revolving Credit Obligations means, at any particular time, the sum of (i) the outstanding principal amount of the Revolving Loans at such time, plus (ii) the outstanding principal amount of the Swing Line Loans at such time, plus (iii) the outstanding L/C Obligations at such time.