Swap Collateral Accounts definition

Swap Collateral Accounts means collectively the Swap Collateral Cash Account, the Swap Collateral Securities Account and any swap collateral cash account, any swap collateral securities account and any other collateral account that may be opened, in name and on behalf of the Guarantor, with an account bank on which each Swap Collateral in the form of cash and/or securities and will be posted in accordance with the relevant Swap Agreement.
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Swap Collateral Accounts means the Swap Collateral Cash Account and the Swap Collateral Securities Account;
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Swap Collateral Accounts means, collectively, any Swap Collateral Cash Account and any Swap Collateral Securities Account.
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Examples of Swap Collateral Accounts in a sentence

  • The Swap Collateral Accounts are the Swap Collateral Cash Account and, if it has been opened, the Swap Collateral Custody Account.

  • If an employee performs duties which might jeopardize the safety of any individual, the employee for reasonable cause may be required to undergo special examinations from time to time at City expense to see that the employee meets acceptable physical and mental standards.

  • If it is determined at such time that such Swap Collateral Accounts will be held with the Swap Collateral Account Bank, then the Issuer shall deliver a Swap Collateral Account Mandate to the Swap Collateral Account Bank relating to each such Swap Collateral Account in accordance with the Issuer's obligations under this Agreement, the Cash Management Agreement and the Deed of Charge.

  • The Issuer Cash Manager undertakes (to the extent to which the same is within its control in its capacity as Issuer Cash Manager) that on the Closing Date each Issuer Swap Collateral Account will be operative and that the Issuer Cash Manager will not knowingly create or permit to subsist any Security Interest in relation to the Issuer Swap Collateral Accounts other than as created under or permitted pursuant to the Deed of Charge.

  • No amendment or waiver of any provision of this Agreement nor consent to any departure by any of the parties therefrom shall in any event be effective unless the same shall be in writing and signed by each of the parties hereto and, in the case of any such amendment waiver or consent in relation to Clause 3.1 (General), Clause 4.5 (Downgrade of Issuer Account Bank), Clause 4.10 (Issuer Swap Collateral Accounts) and Schedule 4 (Swap Notifications) only, each Swap Provider.

  • In the event that any further Swap Collateral Accounts are required to be opened by the Issuer, the Issuer shall instruct the Cash Manager to open such Swap Collateral Accounts.

  • Any amount so withdrawn shall be released from the Funding 2 Security provided that such amount is applied in accordance with and subject to the relevant Funding 2 Priority of Payments or, in the case of any amount withdrawn from the Funding 2 Swap Collateral Accounts, the Cash Management Agreement and the Funding 2 Basis Rate Swap Agreement.

  • The term sheet provides the principles of a final and specific agreement for licensing Dekel's technology and IP including an option for Dekel to invest in the Company (by itself and/or through others) ("the approved outline").

  • Swap Collateral Accounts: If an Interest Swap Agreement and/or Structured Swap Agreement and/or aPortfolio Swap Agreement has been entered into and swap collateral is to be posted, the CBC will open a Swap Cash Collateral Account to hold swap collateral in the form of cash and/or, to the extent applicable, will open a custody account to hold swap collateral in the form of securities.

  • Following an upgrade of NatWest Markets Plc (formerly Royal Bank of Scotland Plc) on the part of the Moody's Investors Service Rating Agency on 24 November 2020, it is no longer necessary as per contract to pay cash and cash equivalents as security, in favour of the Guarantor; as a result, the current accounts named as RBS Swap Collateral Accounts showed a balance equal to zero as at the reporting date of the Financial Year.


More Definitions of Swap Collateral Accounts

Swap Collateral Accounts means any Swap Cash Collateral Account and any Swap Custody Collateral Account
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Related to Swap Collateral Accounts

  • 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.

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

  • 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.