Eligible Credit Support definition

Eligible Credit Support means Eligible Collateral and Other Eligible Support.

Eligible Credit Support means, with respect to a party, the items, if any, specified as such for that party in Paragraph 11(b)(ii) including, in relation to any securities, if applicable, the proceeds of any redemption in whole or in party of such securities by the relevant issuer.

Eligible Credit Support means either:

Examples of Eligible Credit Support in a sentence

• For the purpose of Paragraphs 5(i)(C) and 5(ii) of this Annex, the Value of Posted Credit Support or of any transfer of Eligible Credit Support or Posted Credit Support, as the case may be, will be calculated as follows: with respect to any Cash, the amount thereof in U.S. dollars multiplied by the applicable Valuation Percentage.

• Subject to Paragraphs 4(a) and 5 and unless otherwise specified, if a demand for the Transfer of Eligible Credit Support or Posted Credit Support is made by the Notification Time, then the relevant Transfer will be made not later than the close of business on the next Local Business Day; if a demand is made after the Notification Time, then the relevant Transfer will be made not later than the close of business on the second Local Business Day thereafter.

• Notwithstanding Paragraph 10 of this Annex, (i) Party A will be responsible for, and will reimburse Party B for all transfer taxes and other costs involved in the transfer of Eligible Credit Support either from the Pledgor to the Secured Party or from the Secured Party to the Pledgor hereunder and (ii) for all costs associated with the establishment and maintenance of the Collateral Account.

More Definitions of Eligible Credit Support

Eligible Credit Support means Eligible Collateral and Other Eligible Support, including in relation to any securities, if applicable, the proceeds of any redemption in whole or in part of such securities by the relevant issuer.

Eligible Credit Support has the meaning assigned to that term in the Investment Advisory Agreement.

Eligible Credit Support means, with respect to the Swap Counterparty, either cash in an Eligible Currency (being GBP, USD, EUR, JPY, CHF, CAD) or debt obligations denominated in an Eligible Currency and issued by the issuer of the Collateral Securities with a maturity less than or equal to the maturity of the Collateral Securities and which are not subordinated in priority of payment to the Collateral Securities (such securities, “Eligible Securities”).

Eligible Credit Support means the "Eligible Credit Support" or "Eligible Credit Support (VM)" (or equivalent concept) as defined in the relevant ISDA Credit Support Annex and includes any proceeds thereof;

Eligible Credit Support means cash and negotiable debt obligations, in each case denominated in an Eligible Currency, provided that securities used as Eligible Credit Support are not Prohibited Belgian Securities.

Eligible Credit Support has the meaning given to it in the Swap Agreement;

Eligible Credit Support means, in respect of a Counterparty, cash and negotiable obligations, in each case denominated in an Eligible Currency, provided that securities used as Eligible Credit Support are not originated by or serviced by the Counterparty.