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 4.10(e) of the Sale and Servicing Agreement.]

Swap Collateral Account means an account established by Party B with an Approved Bank.

Swap Collateral Account means the separate interest-bearing account created and maintained by the Swap Administrator pursuant to the Swap Administration Agreement.

Examples of Swap Collateral Account in a sentence

The Issuer Cash Manager hereby covenants that it shall establish the Additional Issuer Account, the Issuer Swap Collateral Account and the Issuer GIC Account immediately upon the same becoming necessary pursuant to the terms of the Issuer Transaction Documents.
The Administrator undertakes that it will open and maintain in the books of the CBC the following ledgers (the "Ledgers") (i) in respect of amounts received in or withdrawn from the CBC Account: the Revenue Ledger, the Principal Ledger and the Subordinated Loan Interest Deficiency Ledger and (ii) in the event the CBC enters into a Swap Agreement, in respect of the Swap Replacement Amounts received in or withdrawn from the Swap Collateral Account: the Swap Replacement Ledger.
If a Swap Counterparty is required to transfer collateral in accordance with any Swap Agreement or pursuant to applicable law or regulation, the Administrator shall open a Swap Collateral Account with the CBC Account Bank.
The appointment of the Swap Collateral Account Bank under this Agreement will continue until termination under Clause 9 (Termination).
The Swap Collateral Account Bank shall not be under any obligation to take any action under this Agreement which it expects will result in any expense or liability accruing to it, the payment of which within a reasonable time is not, in its opinion, assured to it.

More Definitions of Swap Collateral Account

Swap Collateral Account means the Eligible Deposit Account designated as such and established pursuant to subsection 4.18(a).

Swap Collateral Account means the account designated as such, established and owned by the Issuer and maintained in accordance with Section 4.2.

Swap Collateral Account. With respect to the Swap Agreement, in the event that the Swap Provider elects to post collateral as provided in the Swap Agreement, the non-interest bearing separate trust account established and maintained by the Indenture Trustee which shall be an Eligible Account for the benefit of the Swap Provider and the Noteholders, as their interests may appear, into which such collateral shall be deposited.

Swap Collateral Account. The account or accounts created and maintained pursuant to Section 4.14.

Swap Collateral Account means the segregated trust account created and maintained by the Swap Administrator pursuant to Section 4.11 hereof.

Swap Collateral Account means a US$ account in the name of Party B with an Approved Bank.