Eligible Credit Support definition

Eligible Credit Support means Eligible Collateral and Other Eligible Support.

Eligible Credit Support means, with respect to a party, the items, if any, specified as such for that party in Paragraph 11(b)(ii) including, in relation to any securities, if applicable, the proceeds of any redemption in whole or in party of such securities by the relevant issuer.

Eligible Credit Support means, with respect to a party, the items, if any, specified as such for that party in Paragraph 11(b)(ii) including, in relation to any securities, if applicable, the proceeds of any redemption in whole or in part of such securities by the relevant issuer.

Examples of Eligible Credit Support in a sentence

• Subject to Paragraphs 4(a) and 5 and unless otherwise specified, if a demand for the Transfer of Eligible Credit Support or Posted Credit Support is made by the Notification Time, then the relevant Transfer will be made not later than the close of business on the next Local Business Day; if a demand is made after the Notification Time, then the relevant Transfer will be made not later than the close of business on the second Local Business Day thereafter.

• The Transferee shall have the right to (i) refuse to accept a transfer of any cash or securities by the Transferor and / or to (ii) insist on the immediate substitution of any cash or securities already held by the Transferee as Eligible Credit Support, if at any time there occurs a change in taxation in relation to such cash or securities which has a negative impact on the Transferor or Transferee (as determined by the Valuation Agent).

• Notwithstanding Paragraph 8, Party A will be responsible for, and will reimburse Party B for, all transfer and other taxes and other costs involved in the transfer of Eligible Credit Support either from the Transferor to the Transferee or from the Transferee to the Transferor.

• The party demanding such transfer will only be obligated to return the Affected Credit Support after receiving the substitute Eligible Credit Support.

• Each party agrees that all right, title and interest in and to any Eligible Credit Support, Equivalent Credit Support, Equivalent Distributions or Interest Amount which it transfers to the other party under the terms of this Annex shall vest in the recipient free and clear of any liens, claims, charges or encumbrances or any other interest of the transferring party or of any third person (other than a lien routinely imposed on all securities in a relevant clearance system).

More Definitions of Eligible Credit Support

Eligible Credit Support means either:

Eligible Credit Support means Eligible Collateral and Other Eligible Support, including in relation to any securities, if applicable, the proceeds of any redemption in whole or in part of such securities by the relevant issuer.

Eligible Credit Support has the meaning assigned to that term in the Investment Advisory Agreement.

Eligible Credit Support means, with respect to the Swap Counterparty, either cash in an Eligible Currency (being GBP, USD, EUR, JPY, CHF, CAD) or debt obligations denominated in an Eligible Currency and issued by the issuer of the Collateral Securities with a maturity less than or equal to the maturity of the Collateral Securities and which are not subordinated in priority of payment to the Collateral Securities (such securities, “Eligible Securities”).

Eligible Credit Support means cash and negotiable debt obligations, in each case denominated in an Eligible Currency, provided that securities used as Eligible Credit Support are not Prohibited Belgian Securities.

Eligible Credit Support means the "Eligible Credit Support" or "Eligible Credit Support (VM)" (or equivalent concept) as defined in the relevant ISDA Credit Support Annex and includes any proceeds thereof;

Eligible Credit Support has the meaning given to it in the Swap Agreement;