Designated Transactions. All payments by the Swap Bank to the Borrower under each Designated Transaction shall be credited to the Earnings Account. Any appreciation of the Hedging Exposure over such amount as is referred to in the Credit Support Annex that is not already fully secured by the Mortgage shall be covered by cash collateral on a Dollar for Dollar basis for the amount of any shortfall (and which shall be documented through the Credit Support Annex) and credited to a dedicated swap account opened with the Account Bank.
Appears in 2 contracts
Sources: Loan Agreement (Euroseas Ltd.), Loan Agreement (Euroseas Ltd.)