Counterparty Downgrade Collateral definition

Counterparty Downgrade Collateral means any cash and/or securities delivered to the Issuer as collateral for the obligations of a Hedge Counterparty under a Hedge Transaction.

Counterparty Downgrade Collateral means any cash and/or securities delivered to the Issuer as collateral for the obligations of a Derivative Counterparty under a Derivative Transaction.

Counterparty Downgrade Collateral means any cash or securities delivered to the Issuer as collateral for the obligations of the Secured Hedging Counterparty under a Secured Hedging Transaction.

Examples of Counterparty Downgrade Collateral in a sentence

• Collateral posted to such Counterparty Downgrade Collateral Account is solely for the purposes of, and in connection with, collateralising the Swap Agreements.

• Any cash or securities collateral posted to such Counterparty Downgrade Collateral Account as a result of a ratings downgrade (as referred to in paragraph Termination of the Swap Agreements above) shall be monitored on a specific collateral ledger and any cash collateral shall bear interest.

• Any cash collateral or securities collateral posted to such Counterparty Downgrade Collateral Account as a result of a ratings downgrade (as referred to in paragraph Termination of the Swap Agreements above) shall be monitored on a specific collateral ledger and any cash collateral shall bear interest.

• The Counterparty Downgrade Collateral Account is a cash only account.

• On any Payment Date after satisfaction of the amounts in clause 20.3(a) (Distribution Account; Accumulation Account; Counterparty Downgrade Collateral Account; Swap Provisions) of the Trust Agreement, any positive difference between the General Cash Collateral Amount and the Specified Cash Collateral Account Balance shall be distributed according to the following Order of Priority, provided that no Credit Enhancement Increase Condition is in effect.

More Definitions of Counterparty Downgrade Collateral

Counterparty Downgrade Collateral means any cash and/or securities delivered to the Issuer as collateral for the obligations of an Asset Swap Counterparty under an Asset Swap Transaction or for the obligations of a Hedge Counterparty under a Hedge Transaction.

Counterparty Downgrade Collateral means any cash and/or securities delivered to the Issuer as collateral for the obligations of any Interest Rate Hedge Counterparty under an Interest Rate Hedge Agreement or any Currency Hedge Counterparty under a Currency Hedge Agreement;

Counterparty Downgrade Collateral means any cash and/or securities delivered to the Issuer as collateral for the obligations of any Interest Rate Hedge Counterparty under an Interest Rate Hedge Agreement or any Asset Swap Counterparty under an Asset Swap Agreement.

Counterparty Downgrade Collateral means any cash and/or securities delivered to the Issuer as collateral for the obligations of a Asset Swap Counterparty under a Asset Swap Transaction.

Counterparty Downgrade Collateral means any cash/or securities delivered to the Issuer as collateral for the obligations of a Hedge Counterparty under any Hedge Transaction to which it is party.

Counterparty Downgrade Collateral means any cash and/or securities delivered to the Issuer as collateral for the obligations of a Currency Hedge Counterparty under a Currency Hedge Agreement or an Interest Rate Hedge Counterparty under an Interest Rate Hedge Agreement or Credit Default Swap Counterparty under an Credit Default Swap, as applicable.

Counterparty Downgrade Collateral means any cash and/or securities delivered to the Issuer as collateral for the obligations of any Interest Rate Hedge Counterparty under an Interest Rate Hedge Agreement or any Asset Swap Counterparty under an Asset Swap Agreement, or a Credit Short Obligation Counterparty under a Credit Short Obligation or an Offsetting Credit Default Counterparty under an Offsetting Credit Default Swap, as applicable.