Swap Collateral Account Bank definition

Swap Collateral Account Bank means BNP Paribas Securities Services, London Branch acting in its capacity as swap collateral account bank pursuant to the Cash Allocation Management and Payments Agreement and the English Account Bank Agreement or any such other depository institution as may be appointed as such in accordance with the Cash Allocation Management and Payments Agreement and the English Account Bank Agreement;
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Swap Collateral Account Bank means BNP Paribas Securities Services, London Branch acting in its capacity as swap collateral account bank pursuant to the Cash Allocation Management and Payment Agreement and the English Account Bank Agreement or any such
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Swap Collateral Account Bank means any bank which may be appointed as swap collateral account bank in accordance with the Cash Allocation Management and Payments Agreement;
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Examples of Swap Collateral Account Bank in a sentence

  • The Swap Collateral Account Bank shall incur no liability and shall be fully protected as against the Issuer in acting in accordance with the opinion and advice of such legal counsel or professional advisers.

  • Written notice of any such merger, conversion, consolidation or transfer shall immediately be given to the Issuer and (following delivery of a Note Acceleration Notice) the Security Trustee by the Swap Collateral Account Bank.

  • The appointment of the Swap Collateral Account Bank under this Agreement will continue until termination under Clause 9 (Termination).

  • The Swap Collateral Account Bank shall be under no obligation to check the compliance of the Cash Manager with the provisions of Clauses 3.1 (Instructions from the Cash Manager) and 3.2 (Timing of Payment) following receipt by the Swap Collateral Account Bank of instructions for any payment from the Swap Collateral Account.

  • The Swap Collateral Account Bank shall not be under any obligation to take any action under this Agreement which it expects will result in any expense or liability accruing to it, the payment of which within a reasonable time is not, in its opinion, assured to it.

  • The Swap Collateral Account Bank agrees and confirms that, unless otherwise notified by the Issuer or the Security Trustee, the Cash Manager, as agent of the Issuer, may act on behalf of the Issuer under this Agreement.

  • The Swap Collateral Account Bank is hereby authorised by the Issuer to provide account transaction statements in respect of the Swap Collateral to the Cash Manager and the Security Trustee.

  • The obligations of the Swap Collateral Account Bank and the Cash Manager under this Agreement and any other Transaction Documents to which they are a party are several and not joint.

  • The Swap Collateral Account Bank agrees that it shall notify the Security Trustee as soon as is reasonably practicable and in accordance with Clause 15 (Notices) if it receives any amendment to or revocation of any Swap Collateral Account Mandate relating to the Swap Collateral Account (other than a change of Authorised Signatory) and any such amendment or revocation (other than a change of Authorised Signatory) shall require the prior written consent of the Security Trustee.

  • The Swap Collateral Account Bank shall not otherwise be responsible for any Liabilities which may result from anything done or omitted to be done by it in connection with this Agreement.


More Definitions of Swap Collateral Account Bank

Swap Collateral Account Bank means Citibank N.A., London Branch;
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Swap Collateral Account Bank means Credito Emiliano S.p.A. or BNPP acting as Swap Collateral Account Bank, or any other entity acting as such pursuant to the Cash Allocation, Management and Payments Agreement.
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Related to Swap Collateral Account Bank

  • Collateral Account Bank a bank which at all times is a Collateral Agent or a Lender or an affiliate thereof as selected by the relevant Grantor and consented to in writing by the Collateral Agent (such consent not to be unreasonably withheld or delayed).

  • 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.]

  • Deposit Account Bank means a financial institution selected or approved by the Administrative Agent and with respect to which a Grantor has delivered to the Administrative Agent an executed Deposit Account Control Agreement.

  • Controlled Account Bank has the meaning specified therefor in Section 7(k).

  • Swap Collateral means all right, title and interest of Party B in this Agreement, each Transaction hereunder, and all present and future amounts payable by Party A to Party B under or in connection with this Agreement or any Transaction governed by this Agreement, including, without limitation, any transfer or termination of any such Transaction.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Blocked Account Bank means each bank with whom deposit accounts are maintained in which any funds of any of the Loan Parties from one or more DDAs are concentrated and with whom a Blocked Account Agreement has been, or is required to be, executed in accordance with the terms hereof.

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

  • Blocked Account Banks means the banks with whom the Borrowers have entered into Blocked Account Agreements.

  • Concentration Account Bank shall have the meaning assigned to such term in Section 9.01(e)(i).

  • Designated Account Bank has the meaning specified therefor in Schedule D-1.

  • Collateral Account Agreement means the Collateral Account Agreement executed and delivered by Company and Administrative Agent on the Closing Date, substantially in the form of EXHIBIT XXIII annexed hereto, as such Collateral Account Agreement may hereafter be amended, supplemented or otherwise modified from time to time.

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

  • 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.

  • Collateral Account is any Deposit Account, Securities Account, or Commodity Account.

  • Facility LC Collateral Account is defined in Section 2.19.11.

  • Class A Cash Collateral Account means, in respect of the Class A Liquidity Facility, an Eligible Deposit Account in the name of the Subordination Agent maintained at an Eligible Institution, which shall be the Subordination Agent if it so qualifies, into which amounts shall be deposited as referred to in Section 3.05(f).

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • Collateral Proceeds Account a non-interest bearing cash collateral account established and maintained by the relevant Grantor at an office of the Collateral Account Bank in the name, and in the sole dominion and control of, the Collateral Agent for the benefit of the Secured Parties.

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

  • L/C Cash Collateral Account means any Cash Collateral Account (a) specifically designated as such by the Borrower in a notice to the Administrative Agent and (b) from and after the effectiveness of such notice, not containing any funds other than those required under the Loan Documents to be placed therein.

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

  • Letter of Credit Collateral Account has the meaning assigned to such term in Section 2.05(k).

  • Cash Collateral Account means a blocked, non-interest bearing deposit account of one or more of the Loan Parties at Bank of America in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner satisfactory to the Administrative Agent.

  • 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.

  • Counterparty Downgrade Collateral Account means an interest-bearing account of the Issuer with the Custodian into which all Counterparty Downgrade Collateral is to be deposited.