Synthetic Collateral definition

Synthetic Collateral means any collateral which shall be in the form of cash or securities which satisfies the requirements of the definition of Eligible Investment, save for that relating to the Stated Maturity thereof (in each case as permitted by the terms of the applicable Synthetic Security) required to be delivered by the Issuer as security for its obligations to any Synthetic Counterparty under any Synthetic Security pursuant to the terms thereof. References to the price payable upon the acquisition of or entry into a Synthetic Security acquired or entered into by the Issuer on an unfunded basis shall be deemed to be the aggregate price of Synthetic Collateral required to be delivered by the Issuer to the applicable Synthetic Counterparty.
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Synthetic Collateral means any collateral (which shall be in the form of cash or securities which satisfies the requirements of the definition of Eligible Investments and deposited in the Synthetic Collateral Account) which is required as security from the Issuer in respect of its obligations to any Synthetic Counterparty under any Synthetic Security pursuant to the terms thereof, provided that, Synthetic Collateral may not consist of any securities that are Dutch Ineligible Securities. In the case of a Synthetic Security which is acquired or entered into on an unfunded basis, references to the price payable upon the acquisition of or entry into such Synthetic Security shall be deemed to be the aggregate principal amount of Synthetic Collateral required to be delivered by the Issuer to the applicable Synthetic Counterparty.
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Synthetic Collateral. ’ means any collateral required to be delivered by the Issuer as security for its obligations to any Synthetic Counterparty under any Synthetic Security pursuant to the terms thereof provided that Synthetic Collateral will always consist of Eligible Investments unless Rating Agency Confirmation is received in respect thereto. References to the price payable upon the acquisition of or entry into of a Synthetic Security acquired or entered into by the Issuer on an unfunded basis shall be deemed to be the aggregate principal amount of Synthetic Collateral required to be delivered by the Issuer to the applicable Synthetic Counterparty.
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Examples of Synthetic Collateral in a sentence

  • Amounts standing to the credit of the Accounts (other than the Synthetic Collateral Account) from time to time may be invested by the Investment Manager on behalf of the Issuer in Eligible Investments.

  • Prospective investors in the Notes should note that if interest accrues on the Synthetic Collateral and Termination Account at less than EURIBOR then returns on the Portfolio will be less than if the relevant Reference Obligations were purchased directly by the Issuer rather than through a Synthetic Security.

  • The Issuer will satisfy any such obligation out of the Synthetic Collateral Account.

  • The Issuer shall prior to the Closing Date, establish the following accounts with the Custodian:• the Synthetic Collateral Account; and • the Custody Account.

  • The Issuer will satisfy any such obligation out of the Synthetic Collateral and Termination Account.

  • The Issuer shall procure that sums and/or securities deposited by the Issuer as Synthetic Collateral to secure the Issuer’s obligations under a Synthetic Security pursuant to the terms of such Synthetic Security are paid into separate segregated sub-accounts (each relating to individual Synthetic Counterparties) within the Synthetic Collateral Account.

  • Amounts standing to the credit of the Accounts (other than the Synthetic Collateral Accounts, the Liquidity Payment Account (if applicable), the Counterparty Downgrade Collateral Accounts, the Securities Lending Account and the Payment Account) from time to time may be invested by the Investment Manager on behalf of the Issuer in Eligible Investments.

  • References to any of the accounts listed above are to those accounts applicable to the Notes of one Series only, and shall be construed accordingly.The Custody Account, the Securities Lending Account, the Synthetic Collateral Account and the Counterparty Downgrade Collateral Account shall be established by the Issuer on the applicable Issue Date with the Custodian in relation to each Series of Notes.

  • The Issuer shall procure that sums and/or securities deposited by the Issuer as Synthetic Collateral to secure the Issuer’s obligations under a Synthetic Security pursuant to the terms of such Synthetic Security are paid into separate segregated sub- accounts (each relating to individual Synthetic Counterparties) within the Synthetic Collateral Account.

  • The Custody Accounts, the Counterparty Downgrade Collateral Account, the Securities Lending Account and Synthetic Collateral Account shall be established by the Issuer on the Closing Date withthe Custodian.


More Definitions of Synthetic Collateral

Synthetic Collateral means any collateral (which shall be in the form of cash or securities and deposited in the Synthetic Collateral Account) which may be required as security from the Issuer in respect of its obligations to any Synthetic Counterparty under any Synthetic Security pursuant to the terms thereof, provided that Synthetic Collateral may not consist of any securities that are Dutch Ineligible Securities that are convertible into or exchangeable for Dutch Ineligible Securities that are subject to deduction or withholding for or on account of any withholding or similar tax, or that the acquisition, ownership, enforcement or disposition of which would cause the Issuer to be subject to net income tax in any jurisdiction outside the Issuer's jurisdiction of organisation. In the case of a Synthetic Security which is entered into on an unfunded basis, references to the price payable upon the acquisition of or entry into a Synthetic Security acquired or entered into by the Issuer on an unfunded basis shall be deemed to be the aggregate principal amount of Synthetic Collateral required to be delivered by the Issuer to the applicable Synthetic Counterparty.
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Synthetic Collateral means any collateral (which shall be in the form of cash or securities which satisfies the requirements of the definition of Eligible Investments, is deposited in the Synthetic Collateral Account and is capable of being liquidated without penalty at par
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Synthetic Collateral means any collateral (which shall be in the form of cash or securities which satisfies the requirements of the definition of Eligible Investments save for that relating to the Stated Maturity thereof and deposited in the Synthetic Collateral Account provided that in the case of amounts standing to the credit of the Synthetic Collateral Account, such amounts may only be invested in Eligible Investments with a maturity at any time of not longer than the minimum settlement period or minimum delivery period (as appropriate) of such Synthetic Securities held by the Issuer at any such time and which have the Eligible Investments Minimum Short-Term Rating) which is required as security from the Issuer in respect of its obligations to any Synthetic Counterparty under any Synthetic Security pursuant to the terms thereof. Additionally, as long as there is an unsettled credit event, then the Synthetic Collateral cannot be reinvested if it matures before any credit protection payment, if made. In the case of a Synthetic Security which is entered into on an unfunded basis, references to the price payable upon the acquisition of or entry into a Synthetic Security acquired or entered into by the Issuer on an unfunded basis shall be deemed to be the aggregate principal amount of Synthetic Collateral required to be delivered by the Issuer to the applicable Synthetic Counterparty.
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Synthetic Collateral means any collateral (which shall either be cash or other collateral) which the Rating Agencies have confirmed that, if such item were to constitute Synthetic Collateral, the then current ratings of the Notes would not be adversely affected, in each case as permitted by the terms of the applicable Synthetic Security) required to be delivered by the Issuer as security for its obligations to any Synthetic Security Counterparty under any Synthetic Security pursuant to the terms the reof. In the case of a Synthetic Security which is entered into on an unfunded basis, references to the price payable upon the acquisition of or entry into such Synthetic Security shall be construed as referring to the aggregate price of Synthetic Collateral required to be delivered by the Issuer to the applicable Synthetic Security Counterparty.
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Synthetic Collateral means any collateral which shall be in the form of cash or securities which is required to be delivered by the Issuer as security for its obligations to any Synthetic Counterparty under any Synthetic Security pursuant to the terms thereof provided that such Synthetic Collateral may not consist of any securities that are Dutch Ineligible Securities. References to the price payable upon the acquisition of or entry into a Synthetic Security acquired or entered into by the Issuer on an unfunded basis shall be deemed to be the aggregate price of Synthetic Collateral required to be delivered by the Issuer to the applicable Synthetic Counterparty.
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Related to Synthetic Collateral

  • UCC Collateral is defined in Section 3.03.

  • Borrower Collateral means all of Borrower's now owned or hereafter acquired right, title, and interest in and to each of the following:

  • ABL Collateral means all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any ABL Obligations.

  • Priority Collateral means the ABL Priority Collateral or the Term Priority Collateral, as applicable.

  • Equivalent Collateral means, with respect to any security constituting Posted Collateral, a security of the same issuer and, as applicable, representing or having the same class, series, maturity, interest rate, principal amount or liquidation value and such other provisions as are necessary for that security and the security constituting Posted Collateral to be treated as equivalent in the market for such securities;

  • U.S. Collateral means any and all property owned, leased or operated by a Person covered by the U.S. Collateral Documents and any and all other property of any U.S. Loan Party, now existing or hereafter acquired, that may at any time be or become subject to a security interest or Lien in favor of the Administrative Agent to secure the Secured Obligations.

  • Canadian Collateral means any and all property of any Canadian Loan Party covered by the Collateral Documents and any and all other property of any Canadian Loan Party, now existing or hereafter acquired, that may at any time be or become subject to a security interest or Lien in favor of the Administrative Agent to secure the Canadian Secured Obligations.

  • First Lien Collateral means all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any First Lien Obligations.

  • Hedge Collateral Defined in Section 5.3(b).

  • Second Lien Collateral means all “Collateral”, as defined in any Second Lien Document, and any other assets of any Grantor now or at any time hereafter subject to Liens which secure, but only to the extent securing, any Second Lien Obligations.

  • Collateral has the meaning specified in the Granting Clause of this Indenture.

  • Bank Product Collateralization means providing cash collateral (pursuant to documentation reasonably satisfactory to Agent) to be held by Agent for the benefit of the Bank Product Providers (other than the Hedge Providers) in an amount determined by Agent as sufficient to satisfy the reasonably estimated credit exposure with respect to the then existing Bank Product Obligations (other than Hedge Obligations).

  • Term Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Swap Collateral means, at any time, any asset (including, without limitation, cash and/or securities) which is paid or transferred by a Swap Provider to the Guarantor (and not transferred back to the Swap Provider) as credit support to support the performance by such Swap Provider of its obligations under the relevant Swap Agreement together with any income or distributions received in respect of such asset and any equivalent of such asset into which such asset is transformed; for greater certainty, Contingent Collateral shall at all times be excluded from Swap Collateral;

  • Senior Collateral means any “Collateral” as defined in any Credit Agreement Loan Document or any other Senior Debt Document or any other assets of the Company or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Senior Collateral Document as security for any Senior Obligations.

  • Loan Collateral With respect to any Mortgage Loan, the related Mortgaged Property and any personal property securing the related Mortgage Loan, including any lessor’s interest in such property, whether characterized or recharacterized as an ownership or security interest, and including any accounts or deposits pledged to secure such Mortgage Loan, and any Additional Collateral.

  • First Priority Collateral means all assets, whether now owned or hereafter acquired by the Borrower or any other Loan Party, in which a Lien is granted or purported to be granted to any First Priority Secured Party as security for any First Priority Obligation.

  • Letter of Credit Collateral has the meaning provided in Section 6.4.

  • Facility LC Collateral Account is defined in Section 2.20.11.

  • Foreign Collateral means all Collateral of Foreign Loan Parties securing the Guaranteed Foreign Obligations.

  • Shared Collateral means, at any time, Collateral in which the holders of two or more Series of First-Lien Obligations hold a valid and perfected security interest at such time. If more than two Series of First-Lien Obligations are outstanding at any time and the holders of less than all Series of First-Lien Obligations hold a valid and perfected security interest in any Collateral at such time, then such Collateral shall constitute Shared Collateral for those Series of First-Lien Obligations that hold a valid security interest in such Collateral at such time and shall not constitute Shared Collateral for any Series which does not have a valid and perfected security interest in such Collateral at such time.

  • Security Agreement Collateral means all "Collateral" as defined in the Security Agreement.

  • Patent Collateral means all Patents, whether now owned or hereafter acquired by the Company that are associated with the Business.

  • Notes Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Second Priority Collateral means any “Collateral” as defined in any Second Priority Debt Document or any other assets of the Borrower or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Second Priority Collateral Document as security for any Second Priority Debt Obligation.

  • Primary Collateral With respect to any Cross-Collateralized Mortgage Loan, any Mortgaged Property (or portion thereof) designated as directly securing such Cross-Collateralized Mortgage Loan and excluding any Mortgaged Property (or portion thereof) as to which the related lien may only be foreclosed upon by exercise of the cross-collateralization provisions of such Cross-Collateralized Mortgage Loan.