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.]

Swap Collateral Account means an account established by Party B with an Approved Bank.

Swap Collateral Account means the separate interest-bearing account created and maintained by the Swap Administrator pursuant to the Swap Administration Agreement.

Examples of Swap Collateral Account in a sentence

The Swap Custodian shall maintain and apply all collateral and earnings thereon on deposit in the Swap Collateral Account in accordance with Swap Credit Support Annex.
On or before the Closing Date, the Swap Custodian shall establish a Swap Collateral Account.
The Indenture Trustee shall deposit all collateral received from the Swap Counterparty under the Interest Rate Swap Agreement into the Swap Collateral Account.
All amounts earned on amounts on deposit in the Swap Collateral Account (whether cash collateral or securities) shall be for the account of and taxable to the Swap Provider.
Any and all funds at any time on deposit in, or otherwise to the credit of, the Swap Collateral Account shall be held in trust by the Indenture Trustee for the benefit of the Swap Counterparty and the Noteholders.

More Definitions of Swap Collateral Account

Swap Collateral Account means the Eligible Deposit Account designated as such and established pursuant to subsection 4.18(a).

Swap Collateral Account means the account designated as such, established and owned by the Issuer and maintained in accordance with Section 4.2.

Swap Collateral Account. With respect to the Swap Agreement, in the event that the Swap Provider elects to post collateral as provided in the Swap Agreement, the non-interest bearing separate trust account established and maintained by the Indenture Trustee which shall be an Eligible Account for the benefit of the Swap Provider and the Noteholders, as their interests may appear, into which such collateral shall be deposited.

Swap Collateral Account. The account or accounts created and maintained pursuant to Section 4.14.

Swap Collateral Account means a US$ account in the name of Party B with an Approved Bank.

Swap Collateral Account means the bank account of the CBC designated as such in the CBC Account Agreement and any further account opened to hold Swap Collateral in the form of securities;