Examples of Swap Counterparty Collateral Account in a sentence
All Investment Earnings on investments of funds in the Trust Accounts (other than any Swap Counterparty Collateral Account) shall be deposited in the Collection Account pursuant to Section 7.01 and distributed on the next Payment Date pursuant to Section 7.05.
No deposit will be made to the Swap Counterparty Collateral Account on the Closing Date.
The Swap Counterparty will be entitled to interest earned on amounts on deposit in the Swap Counterparty Collateral Account.
The Paying Agent agrees to give the Swap Counterparty prompt notice if it obtains knowledge that the Class A-MFL Swap Counterparty Collateral Account or any funds on deposit therein or otherwise to the credit of the Class A-MFL Swap Counterparty Collateral Account, shall become subject to any writ, order, judgment, warrant of attachment, execution or similar process.
Funds credited to the Class A-MFL Swap Counterparty Collateral Account shall be applied as contemplated in the Class A-MFL Swap Contract.