Collateral Payment definition

Collateral Payment means the amount of Collateral Balance paid by the Issuer to the Swap Counterparty under the Default Swap as described in paragraph 20(B)(ii) below relating to such Credit Event.

Collateral Payment means an amount in USD equal to the amount of Delivered Bond Collateral delivered by the Issuer to the Swap Counterparty under the Default Swap as described in paragraph 20(B)(ii) below relating to such Credit Event. For the avoidance of doubt, where there is an Overdelivery Bond Collateral Amount (as defined in paragraph 20(B)(ii)), the Delivered Bond Collateral shall be an amount equal to (a) such Overdelivery Bond Collateral Amount minus (b) the amount paid into the Deposit Account by the Swap Counterparty in accordance with the terms of the Default Swap in relation thereto. Where there is an Underdelivery Bond Collateral Amount (as defined in paragraph 20(B)(ii)), the Delivered Bond Collateral shall be an amount equal to (a) such Underdelivery Bond Collateral Amount plus (b) the cash amount paid out of the Deposit Account in accordance with the terms of the Default Swap in relation thereto.

Collateral Payment means a payment or prepayment in satisfaction or settlement in respect of any portion of the Collateral resulting in the release of such portion of the Collateral upon receipt of such payment or prepayment in satisfaction or settlement pursuant to the terms of the Collateral Trust and Intercreditor Agreement.

Examples of Collateral Payment in a sentence

• The Company will reimburse the Collateral Agent promptly upon demand for all out-of-pocket costs and expenses, including reasonable attorneys' fees and litigation expenses, incurred by the Collateral Agent in seeking to collect any Collateral Payment.

• If the dollar amount of cash Collections or the number of requisitions for the Report Week is less than 50% of the arithmetic average of the corresponding figures for the four immediately preceding Report Weeks, upon request of either of the Co-Agents, the Servicer shall provide a written computation of the Cash Collateral Payment within 3 Business Days after such request.

• The Pledgor will reimburse the Collateral Agent promptly upon demand for all reasonable out-of-pocket costs and expenses, including reasonable attorneys' fees and litigation expenses, incurred by the Collateral Agent in seeking to collect any Collateral Payment.

• If the dollar amount of cash Collections or the number of requisitions for the Report Week is less than 50% of the arithmetic average of the corresponding figures for the four immediately preceding Report Weeks, upon request of any of the Co-Agents, the Servicer shall provide a written computation of the Cash Collateral Payment within 3 Business Days after such request.

• The Company will reimburse the Lender promptly upon demand for all out-of-pocket costs and expenses, including reasonable attorneys' fees and litigation expenses, incurred by the Lender in seeking to collect any Collateral Payment.

More Definitions of Collateral Payment

Collateral Payment means the amount of Collateral Balance paid by the Issuer to the Swap Counterparty

Collateral Payment means the amount of Collateral Balance paid by the Issuer to the Swap Counterparty under the Default Swap as described in paragraph

Collateral Payment means any interest amount or other non-principal payment payable to the holders of the securities comprising the Collateral pursuant to the terms and conditions thereof.

Collateral Payment has the meaning ascribed to that term in Section 11.

Collateral Payment shall have the meaning given such term in PARAGRAPH 7(a) of the Security Agreement.

Collateral Payment means the amount required to be paid by the Lender or from other Eligible Funds, for the benefit of the Borrower as security for the repayment of the Loan, to the Trustee on and after the Closing Date for deposit into the Collateral Fund as a prerequisite to the disbursement of money held in the Project Fund.

Collateral Payment means an amount of cash fromthe Deposit Account as determined by the Calculation Agent acting in good faith and in a commercially reasonable manner equal to the sum of (i) the Cash Settlement Amount; and (ii) the Credit Event Unwind Costs; payment of such cash amount shall be in full and final satisfaction of any obligation of the Issuer to pay the relevant Cash Settlement Amount to the Swap Counterparty pursuant to the Default Swap Agreement and to pay any such Credit Event Unwind Costs.