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 assets which are Eligible Investments comprising 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. 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 in this respect 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

  • Subject as provided below, the Issuer may purchase such Synthetic Collateral notwithstanding that it may not satisfy the Selection Criteria.

  • For the purposes of the Portfolio Management Agreement, the purchase price of any Portfolio Asset that is a Synthetic Security shall include the principal amount of any Synthetic Collateral required to be posted.

  • For the purposes of the Portfolio Management Agreement, the purchase price of any Portfolio Asset that is Synthetic Collateral shall include the principal amount of any Synthetic Collateral required to be posted.

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

  • 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 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.

  • A Synthetic Collateral Account shall be established by the Issuer with the Custodian relating to each Synthetic Counterparty upon becoming required to do so in accordance with the relevant Synthetic Security.

  • The report will also be sent to anyone who requests it in writing if wanted prior to the next newsletter.

  • The Synthetic Collateral Non-Cash Account shall be established by the Issuer on the Closing Date with the Custodian.

  • The Balances standing to the credit of the Accounts (other than the Payment Account, the Synthetic Collateral Account, the Counterparty Downgrade Collateral Account and the Noteholder Collateral Account) from time to time may be invested by the Collateral Manager and/or the Collateral Administrator, on behalf of the Issuer, in Eligible Investments.


More Definitions of Synthetic Collateral

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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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 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 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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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 the “Collateral” (or any equivalent term) as defined in the U.S. Security Agreement or any other applicable U.S. Security Document, together with any other assets (whether Real Property or personal property) pledged pursuant to any U.S. Security Document.

  • Canadian Collateral means the Collateral owned by (or, in the event such Collateral has been foreclosed upon, immediately prior to such foreclosure that was owned by) a Canadian Loan Party.

  • 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 set forth in Section 2.

  • 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 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.

  • 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 Borrower 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 specified in Section 6.02(b).

  • 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.

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