Swap Counterparty Collateral Account means, with respect to each Swap, the single, segregated trust account established by the Indenture Trustee in accordance with the terms of such Swap.
Swap Counterparty Collateral Account. The trust account or accounts created and maintained as a separate account or accounts by the Paying Agent pursuant to Section 3.32(g), which shall be entitled "[____________________], as Paying Agent, in trust for the registered Holders of J.P. Morgan Chase Commercial Mortgage Securities Corp., Commercial Moxxxxxx Xxxx-Xxxxxgh Certificates, Series [________] Class A-2FL Certificates (subject to the rights of the Swap Counterparty as provided in the Swap Contract), Swap Counterparty Collateral Account," and which must be an Eligible Account (or a subaccount of an Eligible Account). The Swap Counterparty Collateral Account shall not be an asset of either the Lower-Tier REMIC or the Upper-Tier REMIC formed hereunder.
Swap Counterparty Collateral Account has the meaning set forth in Section 8.32(f).
Examples of Swap Counterparty Collateral Account in a sentence
Funds credited to the Swap Counterparty Collateral Account shall be applied as contemplated in the Swap Contract.
The Certificate Administrator agrees to give the Swap Counterparty prompt notice if it obtains knowledge that the Swap Counterparty Collateral Account or any funds on deposit therein or otherwise to the credit of the Swap Counterparty Collateral Account, shall become subject to any writ, order, judgment, warrant of attachment, execution or similar process.
The Certificate Administrator shall deposit all collateral received from the Swap Counterparty under any “Credit Support Annex” (as defined in the Swap Contract) of the Swap Contract into the Swap Counterparty Collateral Account.
Each Swap Counterparty Collateral Account shall be held in accordance with the terms of the related Swap.
The Indenture Trustee shall deposit all collateral received from the related Swap Counterparty under the related Swap in such Swap Counterparty Collateral Account.
More Definitions of Swap Counterparty Collateral Account
Swap Counterparty Collateral Account. With respect to the Class A-FL Certificates, the trust account or accounts created and maintained as a separate account or accounts by the Certificate Administrator pursuant to Section 3.29(g), which shall be entitled “Xxxxx Fargo Bank, National Association [or name of successor Certificate Administrator], as Certificate Administrator, on behalf of Deutsche Bank Trust Company Americas [or name of any successor Trustee], as Trustee, in trust for the registered holders of RBS Commercial Funding Inc., Commercial Mortgage Pass Through Certificates, Series 2012-C7 (subject to the rights of the Swap Counterparty as provided in the Swap Contract), Swap Counterparty Collateral Account” and which must be an Eligible Account (or a subaccount of an Eligible Account). The Swap Counterparty Collateral Accounts shall not be assets of any REMIC Pool.
Swap Counterparty Collateral Account. (A) with respect to the Class A-2SFL Certificates, the trust account or accounts created and maintained as a separate account or accounts by the Paying Agent pursuant to Section 3.31(g), which shall be entitled "Wells Fargo Bank, N.A., as Paying Agent, in trust for the registered Holxxxx of J.P. Morgan Chase Commercial Mortgage Securities Corp., Commercial Mortgxxx Xxxx Xxrough Certificates, Series 2006 LDP9 Class A-2SFL Certificates (subject to the rights of the Swap Counterparty as provided in the Swap Contract), Swap Counterparty Collateral Account," and which must be an Eligible Account (or a subaccount of an Eligible Account) and (B) with respect to the Class A-3SFL Certificates, the trust account or accounts created and maintained as a separate account or accounts by the Paying Agent pursuant to Section 3.31(g), which shall be entitled "Wells Fargo Bank, N.A., as Paying Agent, on behalf of LaSalle Bank Natioxxx Xssociation, as Trustee, in trust for the registered Holders of J.P. Morgan Chase Commercial Mortgage Securities Corp., Commercial Mortgxxx Xxxx Xxrough Certificates, Series 2006 LDP9 Class A-3SFL Certificates (subject to the rights of the Swap Counterparty as provided in the Swap Contract), Swap Counterparty Collateral Account," and which must be an Eligible Account (or a subaccount of an Eligible Account). The Swap Counterparty Collateral Accounts shall not be assets of either the Lower Tier REMIC, the Middle Tier REMIC or the Upper Tier REMIC formed hereunder.
Swap Counterparty Collateral Account. With respect to the Class A-4FL Certificates, the trust account or accounts created and maintained as a separate account or accounts by the Certificate Administrator pursuant to Section 3.35(g), which shall be entitled “Wxxxx Fargo Bank, National Association, as Certificate Administrator, on behalf of U.S. Bank National Association, as trustee, in trust for the registered Holders of J.X. Xxxxxx Chase Commercial Mortgage Securities Corp., Commercial Mortgage Pass-Through Certificates, Series 2012-CIBX Class A-4FL Certificates (subject to the rights of the Swap Counterparty as provided in the Swap Contract), Swap Counterparty Collateral Account,” and which must be an Eligible Account (or a subaccount of an Eligible Account). The Swap Counterparty Collateral Accounts shall not be assets of either the Lower-Tier REMIC or the Upper-Tier REMIC formed hereunder.
Swap Counterparty Collateral Account. With respect to the Class A-SFL Certificates, the trust account or accounts created and maintained as a separate account or accounts by the Certificate Administrator pursuant to Section 3.29(f), which shall be entitled “Wxxxx Fargo Bank, National Association [or name of successor Certificate Administrator], as Certificate Administrator, on behalf of Wilmington Trust, National Association [or name of any successor Trustee], as Trustee, in trust for the registered holders of WFRBS Commercial Mortgage Trust 2014-C20, Commercial Mortgage Pass-Through Certificates, Series 2014-C20 (subject to the rights of the Swap Counterparty as provided in the Class A-SFL Swap Contract), Swap Counterparty Collateral Account” and which must be an Eligible Account (or a subaccount of an Eligible Account). The Swap Counterparty Collateral Account shall not be an asset of any REMIC Pool.
Swap Counterparty Collateral Account. With respect to the Class A-2FL Certificates, the trust account or accounts created and maintained as a separate account or accounts by the Trustee pursuant to Section 3.31(g), which shall be entitled "LaSalle Bank National Association, as Trustee, in trust for the registered Holders of J.P. Morgan Chase Commercial Mortgage Securities Corp., Commercial Mortxxxx Xxxx Xhxxxxx Certificates, Series 2007 LDP11 Class A-2FL Certificates (subject to the rights of the Swap Counterparty as provided in the Swap Contract), Swap Counterparty Collateral Account," and which must be an Eligible Account (or a subaccount of an Eligible Account). The Swap Counterparty Collateral Accounts shall not be assets of either the Lower Tier REMIC or the Upper Tier REMIC formed hereunder.
Swap Counterparty Collateral Account. With respect to the Class A-SBFL Certificates, the trust account or accounts created and maintained as a separate account or accounts by the Certificate Administrator pursuant to Section 3.29(f), which shall be entitled “Wxxxx Fargo Bank, National Association [or name of successor Certificate Administrator], as Certificate Administrator, on behalf of Wilmington Trust, National Association [or name of any successor Trustee], as Trustee, in trust for the registered holders of WFRBS Commercial Mortgage Trust 2014-C21, Commercial Mortgage Pass-Through Certificates, Series 2014-C21 (subject to the rights of the Swap Counterparty as provided in the Class A-SBFL Swap Contract), Swap Counterparty Collateral Account” and which must be an Eligible Account (or a subaccount of an Eligible Account). The Swap Counterparty Collateral Account shall not be an asset of any REMIC Pool.
Swap Counterparty Collateral Account. The trust account or accounts created and maintained as a separate account or accounts by the Paying Agent pursuant to Section 3.32, which shall be entitled "Wells Fargo Bank, N.A., as Paying Agent, in trust for the registered Hoxxxxx of J.P. Morgan Chase Commercial Mortgage Securities Trust 2007-CIBC20, Comxxxxxxx Xxxtgage Pass-Through Certificates, Series 2007-CIBC20 Class A-MFL Certificates (subject to the rights of the Swap Counterparty as provided in the Swap Contract), Swap Counterparty Collateral Account," and which must be an Eligible Account (or a subaccount of an Eligible Account). The Swap Counterparty Collateral Account shall not be an asset of either the Lower-Tier REMIC, the Upper-Tier REMIC or the Grantor Trust formed hereunder.