Examples of Swap Collateral in a sentence
In connection with Swap Collateral the Master Issuer Cash Manager shall ensure that the appropriate debits and credits are made to the Master Issuer Swap Collateral Ledger in accordance with Clause 4.7 (Swap Collateral).
The Issuer Cash Manager hereby covenants that it shall establish the Additional Issuer Account, the Issuer Swap Collateral Account and the Issuer GIC Account immediately upon the same becoming necessary pursuant to the terms of the Issuer Transaction Documents.
In connection with Swap Collateral the Issuer Cash Manager shall ensure that the appropriate debits and credits are made to the Issuer Swap Collateral Ledger in accordance with Clause 4.7 (Swap Collateral).
The Administrator undertakes that it will open and maintain in the books of the CBC the following ledgers (the "Ledgers") (i) in respect of amounts received in or withdrawn from the CBC Account: the Revenue Ledger, the Principal Ledger and the Subordinated Loan Interest Deficiency Ledger and (ii) in the event the CBC enters into a Swap Agreement, in respect of the Swap Replacement Amounts received in or withdrawn from the Swap Collateral Account: the Swap Replacement Ledger.
If a Swap Counterparty is required to transfer collateral in accordance with any Swap Agreement or pursuant to applicable law or regulation, the Administrator shall open a Swap Collateral Account with the CBC Account Bank.