Swap Collateral Account Bank definition

Swap Collateral Account Bank means BNP Paribas Securities Services, London Branch acting in its capacity as swap collateral account bank pursuant to the Cash Allocation Management and Payments Agreement and the English Account Bank Agreement or any such other depository institution as may be appointed as such in accordance with the Cash Allocation Management and Payments Agreement and the English Account Bank Agreement;
Sample 1Sample 2Sample 3
Swap Collateral Account Bank means any bank which may be appointed as swap collateral account bank in accordance with the Cash Allocation Management and Payments Agreement;
Sample 1Sample 2
Swap Collateral Account Bank means BNP Paribas Securities Services, London Branch acting in its capacity as swap collateral account bank pursuant to the Cash Allocation Management and Payment Agreement and the English Account Bank Agreement or any such
Sample 1Sample 2Sample 3

Examples of Swap Collateral Account Bank in a sentence

  • The Swap Collateral Account Bank shall be entitled to take any action or to refuse to take any action which the Swap Collateral Account Bank regards as necessary for the Swap Collateral Account Bank to comply with any applicable law, regulation or fiscal requirement, or the rules, operating procedures or market practice of any relevant stock exchange or other market or clearing system.

  • Written notice of any such merger, conversion, consolidation or transfer shall immediately be given to the Issuer and (following delivery of a Note Acceleration Notice) the Security Trustee by the Swap Collateral Account Bank.

  • Notwithstanding the provisions of Clause 3.1 (Instructions from the Cash Manager), amounts shall only be withdrawn from any Swap Collateral Account to the extent that such withdrawal does not cause the Swap Collateral Account to have a negative balance and for the avoidance of doubt, the Swap Collateral Account Bank shall be under no obligation to monitor the Swap Collateral Account for this purpose.

  • The Swap Collateral Account Bank confirms that the Swap Collateral Account has been opened in the name of the Issuer on or prior to the Closing Date.

  • Subject to Clause 7.4 (Consequences of a Note Acceleration Notice), in acting under this Agreement, the Swap Collateral Account Bank shall act solely as an agent of the Issuer and will not assume any obligation or responsibility towards or relationship of agency or trust for or with any of the Noteholders or any other third party.

  • Nothing in this Agreement shall require the Swap Collateral Account Bank to carry on an activity of the kind specified by any provision of Part II (other than article 5 (accepting deposits)) of the Financial Services and Markets Xxx 0000 (Regulated Activities) Order 2001, or to lend money to the Issuer.

  • No liability shall attach to the Swap Collateral Account Bank if there are insufficient funds to make a payment in whole or part.

  • The Issuer shall also pay to the Swap Collateral Account Bank all properly incurred expenses incurred by the Swap Collateral Account Bank in connection with its services under this Agreement.

  • If it is determined at such time that such Swap Collateral Accounts will be held with the Swap Collateral Account Bank, then the Issuer shall deliver a Swap Collateral Account Mandate to the Swap Collateral Account Bank relating to each such Swap Collateral Account in accordance with the Issuer's obligations under this Agreement, the Cash Management Agreement and the Deed of Charge.

  • The appointment of the Swap Collateral Account Bank under this Agreement will continue until termination under Clause 9 (Termination).


More Definitions of Swap Collateral Account Bank

Swap Collateral Account Bank means Credito Emiliano S.p.A. or BNPP acting as Swap Collateral Account Bank, or any other entity acting as such pursuant to the Cash Allocation, Management and Payments Agreement.
Sample 1
Swap Collateral Account Bank means Citibank N.A., London Branch;
Sample 1

Related to Swap Collateral Account Bank

  • Collateral Account Bank a bank which at all times is a Collateral Agent or a Lender or an affiliate thereof as selected by the relevant Grantor and consented to in writing by the Collateral Agent (such consent not to be unreasonably withheld or delayed).

  • 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 4.8(e) of the Sale and Servicing Agreement.]

  • Deposit Account Bank means a financial institution selected or approved by the Administrative Agent.

  • Controlled Account Bank has the meaning specified therefor in Section 7(k).

  • Swap Collateral means, at any time, any asset (including, without limitation, cash and/or securities) which is paid or transferred by a Swap Provider to the Guarantor (and not transferred back to the Swap Provider) as credit support to support the performance by such Swap Provider of its obligations under the relevant Swap Agreement together with any income or distributions received in respect of such asset and any equivalent of such asset into which such asset is transformed; for greater certainty, Contingent Collateral shall at all times be excluded from Swap Collateral;

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Blocked Account Bank means each bank with whom deposit accounts are maintained in which any funds of any of the Loan Parties from one or more DDAs are concentrated and with whom a Blocked Account Agreement has been, or is required to be, executed in accordance with the terms hereof.

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

  • Blocked Account Banks means the banks with whom deposit accounts are maintained in which material amounts (as reasonably determined by the Administrative Agent) of funds of any of the Loan Parties from one or more DDAs are concentrated and with whom a Blocked Account Agreement has been, or is required to be, executed in accordance with the terms hereof.

  • Concentration Account Bank shall have the meaning assigned to such term in Section 9.01(e)(i).

  • Designated Account Bank has the meaning specified therefor in Schedule D-1.

  • Collateral Account Agreement means the Collateral Account Agreement executed and delivered by Company and Administrative Agent on the Closing Date, substantially in the form of EXHIBIT XXIII annexed hereto, as such Collateral Account Agreement may hereafter be amended, supplemented or otherwise modified from time to time.

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • Cash Collateral Account Agreement With respect to any Mortgage Loan, the cash collateral account agreement, if any, between the originator of such Mortgage Loan and the related Mortgagor, pursuant to which the related Cash Collateral Account, if any, may have been established.

  • Collateral Account is any Deposit Account, Securities Account, or Commodity Account.

  • Facility LC Collateral Account is defined in Section 2.19.11.

  • Class A Cash Collateral Account means, in respect of the Class A Liquidity Facility, an Eligible Deposit Account in the name of the Subordination Agent maintained at an Eligible Institution, which shall be the Subordination Agent if it so qualifies, into which amounts shall be deposited as referred to in Section 3.05(f).

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • Collateral Proceeds Account a non-interest bearing cash collateral account established and maintained by the relevant Grantor at an office of the Collateral Account Bank in the name, and in the sole dominion and control of, the Collateral Agent for the benefit of the Secured Parties.

  • Cash Collateral Accounts shall have the meaning given to such term in Section 11.1 hereof.

  • L/C Cash Collateral Account means an interest bearing cash collateral account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Secured Cash Management Obligations means Obligations under Secured Cash Management Agreements.

  • Letter of Credit Collateral Account means a special deposit account maintained by the Administrative Agent, for the benefit of the Administrative Agent, the Issuing Bank and the Lenders, and under its sole dominion and control.

  • Cash Collateral Account means a blocked account at a commercial bank specified by the Administrative Agent in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner reasonably satisfactory to the Administrative Agent.

  • Letter of Credit Cash Collateral Account means a blocked deposit account at Bank of America with respect to which Borrower hereby grants a security interest in such account to Administrative Agent for and on behalf of Lenders as security for Letter of Credit Usage and with respect to which Borrower agrees to execute and deliver from time to time such documentation as Administrative Agent may reasonably request to further assure and confirm such security interest.

  • Counterparty Downgrade Collateral Account means an interest-bearing account of the Issuer with the Custodian into which all Counterparty Downgrade Collateral is to be deposited.