Hedge Collateral. Defined in Section 5.3(b).
Hedge Collateral means all of the rights of the Borrower, whether now existing and hereafter acquired, in and to all Hedging Agreements, Hedge Transactions and all present and future amounts payable by all Hedge Counterparties to the Borrower under or in connection with such Hedging Agreements and Hedge Transactions with such Hedge Counterparties.
Hedge Collateral has the meaning assigned to that term in Section 5.09(b).
Examples of Hedge Collateral in a sentence
PML as Administrator may, from time to time, make withdrawals on behalf of the Issuer from the Transaction Account and any Hedge Collateral Account as permitted by this Agreement, the Deed of Charge or any Hedge Agreement, but not otherwise.
More Definitions of Hedge Collateral
Hedge Collateral means any asset (including, without limitation, cash and/or securities) paid or transferred to the Issuer by a Hedge Provider in accordance with the terms of the relevant Hedge Agreement as collateral to secure the performance of that Hedge Provider's obligations under the relevant Hedge Agreement together with any income or distributions received in respect of such asset including any cash invested in Hedge Collateral Authorised Investments and any income thereon;
Hedge Collateral has the meaning given to such term in Section 3.16(g).
Hedge Collateral has the meaning specified in Section 2.01(j).
Hedge Collateral means, at any time, any asset or right (including, without limitation, cash and/or securities) that is paid, transferred or pledged by a Hedging Counterparty to (or for the benefit of) the Issuer as collateral in respect of the performance by such Hedging Counterparty of its obligations under the relevant Hedging Agreement, together with any income or distributions received in respect of such asset or right and any equivalent of such asset or right into which such asset or right is transformed.All amounts deposited in, and standing to the credit of, a Designated Account shall constitute segregated property distinct from all other property of the Bank pursuant to Article 13 of the Covered Bonds Communiqué.Events of Default........................ An “Event of Default” arises if one or both of the following events occursand is continuing:
Hedge Collateral has the meaning given to it in the Administration Agreement;
Hedge Collateral is defined in Section 6.19(b).
Hedge Collateral. All of the rights of each Hedge Assignor, whether now existing or hereafter acquired, in and to all Hedging Agreements, Hedge Transactions and all present and future amounts payable by all Hedge Counterparties to such Hedge Assignor under or in connection with such Hedging Agreements and Hedge Transactions with such Hedge Counterparties.