Swap Collateral Account definition

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.

Examples of Swap Collateral Account in a sentence

All transfers to and from the Swap Collateral Account are made solely in accordance with and for the purposes set out in the Swap Agreement.

The Swap Collateral Account shall be established by the Servicer to hold assets comprising the Credit Support Balance of the Swap Counterparty.

The Issuer shall possess all title documents to, other evidence of ownership of all funds from time to time on deposit in, and all investments and their proceeds which are credited to, the Swap Collateral Account.

The Issuer shall have sole signing authority in respect of the Swap Collateral Account.

The Issuer shall direct the Swap Counterparty to deposit any credit support amounts to be transferred pursuant to the Swap Agreement upon a ratings downgrade into the Swap Collateral Account.


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 means the segregated trust account created and maintained by the Swap Custodian pursuant to Section 4.11 hereof.
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 means a US$ account in the name of Party B with an Approved Bank.
Swap Collateral Account. Any of the Group I Swap Collateral Account or the Group II Swap Collateral Account.
Swap Collateral Account means an account established by Party B with an Approved Bank outside Australia.