Credit Support Deed definition

Credit Support Deed means the credit support deed relating to the Swap Agreement dated on or about the Series Issue Date of the ETC Securities entered into by the Issuer and the Swap Counterparty by the execution of the Issue Deed and in the form of the 1995 ISDA Credit Support Deed (Bilateral Form– Security Interest) published by the International Swaps and Derivatives Association, Inc. together with paragraph 13 thereto on the terms set out in the Master Swap and Credit Support Terms as amended and/or supplemented by the Issue Deed and as such Credit Support Deed is amended, supplemented, novated or replaced from time to time.
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Credit Support Deed means, in relation to any Hedging Agreement, a Credit Support Deed (Bilateral Form – Security Interest) (1995 version for ISDA Agreements subject to English law) as published by the International Swaps and Derivatives Association Inc., entered into by the Issuer and such Hedging Counterparty and dated the relevant Issue Date and as amended, restated and/or supplemented from time to time, pursuant to which the Hedging Collateral is delivered by the Hedging Counterparty to the Custodian or if “2-Way Hedging Collateral Posting” is specified in the relevant Final Terms, by the Issuer to the Hedging Counterparty.
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Credit Support Deed means the credit support deed relating to the Swap Agreement dated on or about the Series Issue Date of the ETC Securities entered into by the Issuer and the Swap Counterparty by the execution of the Issue Deed and in the form of the 1995 ISDA Credit Support Deed (Bilateral Form
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Examples of Credit Support Deed in a sentence

  • The Issuer will be able to enforce its security over the collateral accounts (and any funds standing to the credit thereof) only upon the occurrence of an event of a default or failure by the Counterparty to comply with its obligations under the Credit Support Deed.

  • Prior to such enforcement action being taken, funds standing to the credit of the collateral accounts will not be available for use by the Issuer for any purpose.The Credit Support Deed and any non-contractual obligations arising out of or in connection with it shall be governed by, and shall be construed in accordance with, English law.

  • The Credit Support Deed will terminate on the day falling one Business Day prior to the Maturity Date.

  • The Liquidation Agent shall be permitted to deduct its remuneration and any Taxes, fees, costs, charges and expenses arising from or connected with the realisation of the Posted Collateral and the enforcement of the security under the Credit Support Deed from the proceeds of any realisation of the Posted Collateral.

  • At any time after the security granted pursuant to the Credit Support Deed has become enforceable, the Issuer (or its agent) may authorise and direct the Custodian and/or any Sub-Custodian to deliver the Posted Collateral held by the Custodian or Sub-Custodian to, or to the order of, the Liquidation Agent.

  • The Liquidation Agent shall be appointed as agent of the Issuer to realise the Posted Collateral under the Credit Support Deed in a timely fashion in accordance with the terms of the Credit Support Deed and applicable laws, until such time as the Security constituted under the Security Deed has become enforceable and the Trustee notifies the Liquidation Agent that it is enforcing such Security and to cease its activities in relation thereto.

  • To the extent the Issuer does not receive such payment in full the provisions of Condition 6 shall apply with respect to the enforcement of the Issuer’s rights against the Posted Collateral under the Credit Support Deed and its rights under any other Credit Support Document and the payment of any proceeds of any such enforcement shall be made in accordance with Condition 6.

  • Credit Support Document(s) and parties thereto: The Issuer, Swap Counterparty and Determination Agent have executed and delivered an Issue Deed for the purpose of entering into the Credit Support Deed with effect from the Series Issue Date in relation to the Series of ETC Securities on the terms set out in the Master Swap and Credit Support Terms (version number 2 dated 5 July 2010).

  • In the event that the Swap Agreement has terminated due to a Swap Counterparty default under the Swap Agreement and the Swap Counterparty has received eligible collateral from the Issuer pursuant to the Credit Support Deed which is not sufficient to satisfy the Swap Counterparty’s claim against the Issuer, the Swap Counterparty’s remaining claim will rank pari passu with the claims of Noteholders.

  • If the Issuer's exposure to the Swap Counterparty under the Swap Agreement decreases, the Issuer (and therefore the Trustee and Noteholders) will be exposed to the credit risk of the Swap Counterparty with respect to the re-delivery of any eligible collateral in the form of cash delivered to the Swap Counterparty by the Issuer under the Credit Support Deed.

Related to Credit Support Deed

  • Credit Support Depletion Date The first Distribution Date on which the Certificate Principal Balances of the Subordinate Certificates have been reduced to zero.

  • Senior Credit Support Depletion Date The date on which the Class Certificate Balance of each Class of Subordinated Certificates has been reduced to zero.

  • credit supporter means a person or company that provides a guarantee or alternative credit support for any of the payments to be made by an issuer of securities as stipulated in the terms of the securities or in an agreement governing rights of, or granting rights to, holders of the securities;

  • Credit Support Default provisions of Section 5(a)(iii) will apply to Party A and will not apply to Party B.

  • Credit Support Document means any agreement or instrument that is specified as such in this Agreement.

  • Credit Support Instrument" "Credit Support Provider"

  • Posted Credit Support means Posted Collateral and Other Posted Support.

  • QFC Credit Support has the meaning specified in Section 11.21.

  • Credit Support Instrument The instrument or document pursuant to which the Credit Support for a given Series (or Class within such Series) is provided, as specified in the applicable Supplement.

  • Credit Support Balance means, with respect to a Transferor on a Valuation Date, the aggregate of all Eligible Credit Support that has been transferred to or received by the Transferee under this Annex, together with any Distributions and all proceeds of any such Eligible Credit Support or Distributions, as reduced pursuant to Paragraph 2(b), Paragraph 3(c)(ii) or Paragraph 6. Any Equivalent Distributions or Interest Amount (or portion of either) not transferred pursuant to Paragraph 5(c)(i) or (ii) will form part of the Credit Support Balance.

  • Fitch Credit Support Amount means, for any Valuation Date, the excess, if any, of:

  • Credit Support Instruments has the meaning set forth in Section 3.01(a).

  • Credit Support Provider has the meaning specified in the Schedule.

  • Credit Support Amount has the meaning specified in Paragraph 3.

  • S&P Credit Support Amount means, for any Valuation Date, the excess, if any, of:

  • Credit Support Annex means the Credit Support Annex annexed to this Agreement.

  • Credit Enhancement Agreement means the Agreement among the Sellers, the Master Servicer, the Trustee and the Credit Enhancement Provider with respect to the Credit Enhancement.

  • Mortgaged Property Support Documents means with respect to any real property subject to a Mortgage, the deliveries and documents described on Schedule 1.01(e) attached hereto.

  • Credit Enhancement Agreements means, collectively, any documents, instruments, guarantees or agreements entered into by the Company, any of its Restricted Subsidiaries, or any Receivables Entity for the purpose of providing credit support for one or more Receivables Entities or any of their respective securities, debt instruments, obligations or other Indebtedness.

  • Secured Swap Provider means (i) a Lender or an Affiliate of a Lender (or a Person who was a Lender or an Affiliate of a Lender at the time of execution and delivery of a Rate Contract) who has entered into a Secured Rate Contract with Borrower, or (ii) a Person with whom Borrower has entered into a Secured Rate Contract provided or arranged by GE Capital or an Affiliate of GE Capital, and any assignee thereof.

  • Credit Enhancement means, with respect to this Agreement, any credit enhancement or other credit support arrangement in support of the obligations of the Company hereunder or with respect hereto, including any guarantee, collateral arrangement (including any pledge, charge, mortgage or other security interest in collateral or title transfer arrangement), trust or similar arrangement, letter of credit, transfer of margin, reimbursement obligation or any similar arrangement.

  • Financial Support Direction means a financial support direction issued by the Pensions Regulator under section 43 of the Pensions Xxx 0000.

  • Grenfell Tower support payment means a payment made to a person because that person was affected by the fire on 14th June 2017 at Grenfell Tower, or a payment to the personal representative of such a person—

  • Credit Enhancement Provider means, with respect to any Securities, any person issuing, funding or otherwise making available, for the benefit of Securityholders or any party to a Serviced Corporate Trust Contract, an asset as an enhancement of the credit quality or liquidity of any Securities or the mortgage assets or other assets pledged for or underlying such Securities, such as a letter of credit, surety bond, insurance policy, guaranty, reserve fund pledge or collateral undertaking.

  • Substitute Credit Support has the meaning specified in Paragraph 4(d)(i).