Issuer Cash Account definition

Issuer Cash Account means, in respect of a Series, an interest-bearing account opened with HSBC Bank plc (and any successor or replacement thereto) in the name of the Issuer and operated by the Issuer or the Administrator (as authorised by the Issuer), into which amounts received by or on behalf of the Issuer shall be paid from time to time, including but not limited to the Net Actual Redemption Sale Proceeds.

Issuer Cash Account means the Transaction Account and each Hedge Collateral Cash Account;

Issuer Cash Account means an interest-bearing account of the Issuer in respect of the Securities, if needed, to be held with the Administrator in England or the United States into which amounts received by or on behalf of the Issuer shall be paid from time to time, including but not limited to Buy-Back Settlement Amounts and Early Redemption Amounts, in each case for Cash Redemption Securities.

Examples of Issuer Cash Account in a sentence

• The cash proceeds of a sale of TER Metal (less any Taxes or other deductions permitted to be made by the Metal Counterparty in accordance with the Metal Sale Agreement) will be paid by the Metal Counterparty to the Issuer Cash Account.

• The cash proceeds of a sale of TER Metal (less any Taxes or other deductions permitted to be made by the relevant Metals Counterparty in accordance with the relevant Metals Counterparty Agreement) will be paid by such Metals Counterparty to the Issuer Cash Account or otherwise to the Issuer’s order and applied towards payment of the Operational Fee to the Arranger.

• Where any other fees and expenses (including without limitation trading costs and, if relevant, indemnity payments and extraordinary legal expenses) are payable by the Issuer, the Administrator shall arrange for payment of such fees and expenses out of the Issuer Cash Account or as otherwise directed by the Issuer.

• In addition, in respect of each Series of Certificates, the Issuer entered into a Security Agreement and an Account Control Agreement under which the Issuer created New York law governed security over the relevant Issuer Cash Account.

• In the Security Agreement and the Account Control Agreement, the Issuer creates in favour of the Trustee for itself and as trustee for the Secured Creditors a New York law governed security interest over the Issuer Cash Account relating to that Series of Certificates.

More Definitions of Issuer Cash Account

Issuer Cash Account means, in respect of a Series of Certificates, the cash account being maintained by the Account Bank for the Issuer in respect of such Series of Certificates under the terms of the Account Bank Agreement;

Issuer Cash Account has the meaning given to it in the Administration Agreement;

Issuer Cash Account means, in respect of the Notes, the cash account specified as such in the name of the Issuer maintained by the Custodian.

Issuer Cash Account means each cash account established by the Issuer with an Eligible Cash Account Bank in order to receive and hold cash proceeds in respect of the relevant Underlying Asset.

Issuer Cash Account means, in respect of a Series of Notes, the cash accountbeing maintained by the Custodian for the Issuer in respect of such Series of Notes under the terms of the Master Services Agreement.

Issuer Cash Account means the account of the Issuer (not being the Issuer Secured Cash Account or the Issuer Metal Sale Cash Account) to which a Metal Agent is required to make payments (inter alia) in respect of the Management Fee and the Insurance Allowance pursuant to a Metal Agent Agreement;

Issuer Cash Account means the cash account of the Issuer with the Custodian with account name "Alexandria Capital plc assigned to HSBC Trustee (C.I.) Limited as Trustee to Alexandria Capital plc", account number 57725817;