Protection Buyer definition

Protection Buyer means the counterparty that transfers credit risk of reference obligation.
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Protection Buyer means the entity which has transferred credit risk relating to the Underlying Assets pursuant to a Risk Transfer and to which any protection payments under the transaction fall to be made (whether directly or through an SPE).
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Protection Buyer means the entity which buys protection from credit risk, (i.e. sells credit risk);
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Examples of Protection Buyer in a sentence

  • The parties acknowledge that the payments to be made by the Protection Seller will be made independently and are not conditional upon the Protection Buyer sustaining or being exposed to risk or loss and that the rights and obligations of the parties hereunder are not dependent upon the Protection Buyer owning or having any legal, equitable or other interest in the Reference Obligations.

  • If and for so long as the Protection Buyer has Posted Collateral in accordance with paragraph 8 below, Section 5(a)(i) of the Agreement shall be deleted with respect to the Protection Buyer and this Transaction.

  • For the avoidance of doubt, a further Reference Obligation is deemed to be designated by the Protection Buyer if the Notional Amount corresponding to any Reference Obligation in the Reference Portfolio is designated as increased by the Protection Buyer.

  • For the avoidance of doubt each Reference Obligation included in the Reference Portfolio shall be categorised by the Protection Buyer in accordance with the asset or sub-asset classes set out in this Confirmation at the time of such inclusion in the Reference Portfolio and following such classification shall not be reclassified except in the case of manifest error.

  • Both parties accept, as part of this agreement, the Teachers' Personnel Policies pertaining to wages, hours, terms and conditions of employment as amended as of the ratification of the Master Contract by the Board, with the understanding that any of the policies concerning wages, hours, terms and conditions of employment will be open for review and negotiations along with the Master Contract as provided for in Article XI of this agreement.

  • The ability of the Protection Buyer to Ramp-Up pursuant to this Paragraph 7(a) shall be suspended upon the occurrence and during the continuation of a Suspension Event.

  • In the event that, after a Reference Obligation which is a Synthetic ABS Asset is added to the Reference Portfolio, any amendment is made to its terms, then the Protection Buyer shall Remove such Reference Obligation from the Reference Portfolio pursuant to Paragraph 7(b) on the first Portfolio Fixing Date on which it is able to do so in accordance with the relevant requirements of such Paragraph.

  • The Calculation Agent (on behalf of the Protection Buyer) will send the CDOROM model currently used to manage the Transaction to Moody’s at cdomonitoring@moodys.com within five Business Days of the last Business Day in each calendar month.

  • The Protection Buyer and the Protection Seller agree with the other that so long as either party has or may have any obligation under this Transaction, any information (“ Confidential Information”) obtained from the other party with respect to this Transaction is subject to an obligation of confidentiality.

  • For the avoidance of doubt, a Synthetic ABS Asset shall be deemed to belong to an asset class or sub-asset class based on the nature and composition of its ultimate underlying assets, as determined by the Protection Buyer.


More Definitions of Protection Buyer

Protection Buyer means Abbey National Treasury Services PLC;
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Related to Protection Buyer

  • Buyer has the meaning set forth in the preamble.

  • Project Buyer means the City’s employee assigned to serve as the contact person for Bidders/Sellers responding to Invitations For Bid or completing contracts herein.

  • The Owner/Company/BPCL means the Bharat Petroleum Corporation Limited, incorporated in India having its registered office at 4 & 6, Currimbhoy Road, Ballard Estate, Mumbai - 400 038 or their successors or assigns

  • Buyers has the meaning set forth in the preamble.

  • Third Party Buyer means any Person other than (i) the Company or any of its Subsidiaries, (ii) any employee benefit plan of the Company or any of its Subsidiaries, (iii) the Investors or (iv) any Affiliates of any of the foregoing.

  • Procuring Entity/Purchaser means a Entity having administrative and financial powers to undertake Procurement of Goods, Works or Services using public funds, as specified in the PCC;

  • Seller has the meaning set forth in the Preamble.

  • Sellers has the meaning set forth in the preamble.

  • Locational UCAP Seller means a Member that sells Locational UCAP.

  • Foreign Purchaser has the meaning assigned thereto in Section 8(d).

  • Purchaser/ User means ultimate recipient of goods and services

  • Transaction-Specific Hedge means any Transaction that is an interest rate cap, interest rate floor or interest rate swaption, or an interest rate swap if (x) the notional amount of the interest rate swap is “balance guaranteed” or (y) the notional amount of the interest rate swap for any Calculation Period otherwise is not a specific dollar amount that is fixed at the inception of the Transaction.

  • Seller Use means fuel used for gas compression, LPG plants and LNG plants, other gas needed by Seller's facilities to furnish the requirements of Buyers, together with unaccounted for gas. This gas shall be considered included in Priority of Service Category 1. Other vital uses of Seller, such as flame stabilization requirements, will be met as long as such uses do not jeopardize service to its firm service Buyers.

  • Capacity Market Buyer means a Member that submits bids to buy Capacity Resources in any Incremental Auction.

  • the Seller means the person so described in the Order;

  • Retail buyer or "buyer" means a person that buys or agrees to buy goods or obtain services or agrees to have services rendered or furnished from a retail seller.

  • the Buyer means the person who accepts a quotation or offer of the Seller for the sale of the Goods or whose order for the Goods is accepted by the Seller;

  • Purchased Services means Services that You or Your Affiliate purchase under an Order Form, as distinguished from those provided pursuant to a free trial.

  • Seller Affiliates has the meaning assigned to such term in Section 2.7.1;

  • Buyer Parties means Buyer, its Affiliates, their members, officers, directors, employees, agents, representatives, successors, and assigns.

  • Model 4 seller means a seller that is registered under the agreement and is not a model 1 seller, model 2 seller, or model 3 seller.

  • The Purchaser means the organization purchasing the Goods, as named in SCC.

  • Seller Parties has the meaning set forth in the preamble to this Agreement.

  • Seller Affiliate means any Affiliate of Seller.

  • Seller Closing Certificate has the meaning set forth in Section 7.02(d).

  • Honeywell has the meaning set forth in the preamble.