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

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

  • 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.

  • 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.

  • Borrower performance was adversely affected by the macroeconomic crisis of February, 2001.

  • 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.

  • All principal amounts received in respect of Eligible Investments standing to the credit of any Account (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 credited to that Account upon maturity, save to the extent that the Issuer is contractually bound to pay such amounts to a third party.

  • The Issuer will also establish with the Custodian, the Synthetic Collateral Account, the Custody Account, the US Treasury Strip Custody Account, the US Agency Security Custody Account and the Counterparty Downgrade Collateral Account.

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

  • The Issuer (or the Collateral Administrator on behalf of the Issuer) shall procure that sums and/or securities deposited by the Issuer as Synthetic Collateral to secure theIssuer’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.


More Definitions of Synthetic Collateral Account

Synthetic Collateral Account means the interest bearing account described as such in the name 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 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.
Sample 1
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.
Sample 1
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).
Sample 1

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 2.19.11.

  • 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, non-interest bearing deposit account of one or more of the Loan Parties at Bank of America in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner 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 any Cash Collateral Account (a) specifically designated as such by the Borrower in a notice to the Administrative Agent and (b) from and after the effectiveness of such notice, not containing any funds other than those required under the Loan Documents to be placed therein.

  • 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, in respect of the Class A Liquidity Facility, an Eligible Deposit Account in the name of the Subordination Agent maintained at an Eligible Institution, which shall be the Subordination Agent if it so qualifies, into which amounts shall be deposited as referred to in Section 3.05(f).

  • Letter of Credit Collateral Account has the meaning assigned to such term in Section 2.05(k).

  • 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.

  • 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 [*];

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

  • Initial Collateral Amount means $1,000,000,000, 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, (i) zero, if the Quarterly Excess Available Funds Percentage on such Transfer Date is greater than or equal to 4.50%, (ii) 1.25%, if the Quarterly Excess Available Funds Percentage on such Transfer Date is less than 4.50% and greater than or equal to 4.00%, (iii) 2.00%, if the Quarterly Excess Available Funds Percentage on such Transfer Date is less than 4.00% and greater than or equal to 3.50%, (iv) 2.75%, if the Quarterly Excess Available Funds Percentage is less than 3.50% and greater than or equal to 3.00%, (v) 3.50%, if the Quarterly Excess Available Funds Percentage on such Transfer Date is less than 3.00% and greater than or equal to 2.50%, (vi) 4.50%, if the Quarterly Excess Available Funds Percentage is less than 2.50% and greater than or equal to 2.00%, and (vii) 6.00%, if the Quarterly Excess Available Funds Percentage on such Transfer Date is less than 2.00%.