Synthetic Collateral Account definition

Synthetic Collateral Account means the account of the Issuer with the Custodian into which all Synthetic Collateral is to be deposited.
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Synthetic Collateral Account means each account of the Issuer with the Custodian into which all Synthetic Collateral relating to each Synthetic Counterparty is to be deposited.
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Synthetic Collateral Account means the account of the Issuer with the Custodian into which all Synthetic Collateral (not in the form of cash) is to be deposited or, as the case may be, the account of the Issuer with the Account Bank into which all Synthetic Collateral in the form of cash is to be deposited.
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Examples of Synthetic Collateral Account 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.

  • 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 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.

  • 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.

  • All interest accrued on, and credited to, any 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 shall be paid into the Interest Account, save to the extent that the Issuer is contractually bound to pay such amounts to a third party.

  • 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.

  • 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 Account

Synthetic Collateral Account means the Account of the Issuer with the Custodian into which all Synthetic Collateral is to be deposited in accordance with Condition 3(i)(ix) (Synthetic Collateral Account).
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Synthetic Collateral Account means the account in the name of the Issuer held with the Custodian, or with the Account Bank, as applicable, into which all Synthetic Collateral is to be deposited.
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Synthetic Collateral Account means each interest bearing account described as such in the name of the Issuer held with the Custodian in respect of a Synthetic Security Counterparty into which all Synthetic Collateral in respect of Synthetic Securities entered into with such Synthetic Security Counterparty is to be deposited in accordance with Condition 3(i)(viii) (Synthetic Collateral Account). For the avoidance of doubt, there shall be a separate Synthetic Collateral Account for each Synthetic Security Counterparty.
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Synthetic Collateral Account means the Account of the Issuer with the Custodian (or any further or other account so named, or any linked account thereof or redesignated account, in each case with the Custodian) into which all Synthetic Collateral is to be deposited in accordance with Condition 3(i)(ix) (Synthetic Collateral Account).
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Related to Synthetic Collateral Account

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

  • Facility LC Collateral Account is defined in Section 2.20.11.

  • Swap Collateral Account means a single, segregated trust account in the name of the Indenture Trustee, which shall be designated as the “Swap Collateral Account” which shall be held in trust for the benefit of the Noteholders established pursuant to Section 4.8(e) of the Sale and Servicing Agreement.]

  • Cash Collateral Account means a blocked account at a commercial bank specified by the Administrative Agent in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner reasonably satisfactory to the Administrative Agent.

  • Collateral Account is any Deposit Account, Securities Account, or Commodity Account.

  • Cash Collateral Accounts shall have the meaning given such term in Section 9(a).

  • L/C Cash Collateral Account means an interest bearing cash collateral account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Class A Cash Collateral Account means an Eligible Deposit Account in the name of the Subordination Agent maintained at an Eligible Institution, which shall be the Subordination Agent if it shall so qualify, into which all amounts drawn under the Class A Liquidity Facility pursuant to Section 3.5(c), 3.5(d), 3.5(i) or 3.5(m) shall be deposited.

  • Letter of Credit Collateral Account means a special deposit account maintained by the Administrative Agent, for the benefit of the Administrative Agent, the Issuing Bank and the Lenders, and under the sole dominion and control of the Administrative Agent.

  • Letter of Credit Cash Collateral Account means a blocked deposit account at Bank of America with respect to which Borrower hereby grants a security interest in such account to Administrative Agent for and on behalf of Lenders as security for Letter of Credit Usage and with respect to which Borrower agrees to execute and deliver from time to time such documentation as Administrative Agent may reasonably request to further assure and confirm such security interest.

  • Cash Collateral Account Agreement With respect to any Mortgage Loan, the cash collateral account agreement, if any, between the originator of such Mortgage Loan and the related Mortgagor, pursuant to which the related Cash Collateral Account, if any, may have been established.

  • Collateral Proceeds Account a non-interest bearing cash collateral account established and maintained by the relevant Grantor at an office of the Collateral Account Bank in the name, and in the sole dominion and control of, the Collateral Agent for the benefit of the Secured Parties.

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • Proceeds Account means a bank account of the Issuer, into which the Net Proceeds from the Initial Bond Issue will be transferred and which has been pledged in favour of the Agent and the Bondholders (represented by the Agent) under the Proceeds Account Pledge Agreement.

  • Collateral Account Agreement means the Collateral Account Agreement executed and delivered by Company and Administrative Agent on the Closing Date, substantially in the form of EXHIBIT XXIII annexed hereto, as such Collateral Account Agreement may hereafter be amended, supplemented or otherwise modified from time to time.

  • Excess Liquidation Proceeds Account The segregated account (or the sub-account of the Distribution Account) created and maintained by the Certificate Administrator on behalf of the Trustee pursuant to Section 3.04(d) for the benefit of the Certificateholders, which shall be entitled “Xxxxx Fargo Bank, National Association [or the name of any successor Certificate Administrator], as Certificate Administrator on behalf of Wilmington Trust, National Association [or name of any successor Trustee], as Trustee, for the benefit of the registered holders of WFRBS Commercial Mortgage Trust 2014-C22, Commercial Mortgage Pass-Through Certificates, Series 2014-C22, Excess Liquidation Proceeds Account”.

  • Designated Account Property The Designated Accounts, all cash, investments, Financial Assets, securities and investment property held from time to time in any Designated Account (whether in the form of deposit accounts, Physical Property, book-entry securities, Uncertificated Securities or otherwise), including the Reserve Account Deposit, and all proceeds of the foregoing but excluding all Investment Earnings thereon.

  • Loss Proceeds Account has the meaning set forth in Section 3.3(a).

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Excess Liquidation Proceeds Reserve Account The trust account or subaccount created and maintained by the Certificate Administrator pursuant to Section 3.05(c) of this Agreement in trust for the Certificateholders, which (subject to any changes in the identities of the Trustee and/or the Certificate Administrator) shall be entitled “Citibank, N.A., as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of Citigroup Commercial Mortgage Trust 2019-C7, Commercial Mortgage Pass-Through Certificates, Series 2019-C7, Excess Liquidation Proceeds Reserve Account.” Any such account shall be an Eligible Account.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Initial Collateral Amount means $757,097,792, which equals the sum of (i) the Class A Note Initial Principal Balance, (ii) the Class B Note Initial Principal Balance, (iii) the Class C Note Initial Principal Balance and (iv) the Initial Excess Collateral Amount.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Class C Reserve Account Percentage means, for any Distribution Date on which a condition in the left column of the following table was in effect on the immediately preceding Distribution Date, the percentage in the corresponding right column of the following table (or if more than one conditions were in effect on the immediately preceding Distribution Date, the largest percentage). Condition: The three-month rolling average Excess Spread Percentage is: Class C Reserve Account Percentage: