Collateralised Credit Default Swap definition

Collateralised Credit Default Swap means a Synthetic Security entered into by the Issuer which is an unfunded credit default swap under which the Issuer is required to provide Synthetic Collateral for its contingent obligations to the Synthetic Counterparty thereunder.
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Collateralised Credit Default Swap means a Synthetic Security entered into by the Issuer which is an unfunded credit default swap under which the Issuer is required to provide Synthetic Collateral for its contingent obligations to the Synthetic Counterparty thereunder and excludes, for the avoidance of doubt, any Offsetting CDS or Credit Short Obligation.
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Collateralised Credit Default Swap means an unfunded credit default swap entered into by the Issuer under which the Issuer is the seller of credit protection and in respect of which the Issuer is required to provide Synthetic Collateral for its contingent obligations to the Synthetic Security Counterparty.
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More Definitions of Collateralised Credit Default Swap

Collateralised Credit Default Swap means a Synthetic Security entered into by the Issuer which is an unfunded credit default swap under which the Issuer will be required to provide Synthetic Collateral for its contingent obligations to the Synthetic Counterparty thereunder and whereby the terms of such unfunded credit default swap will only allow for settlement within a 90 day period upon the occurrence of a credit event as defined in such unfunded credit default swap.
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Collateralised Credit Default Swap means a Synthetic Security entered into by the Issuer which is an unfunded credit default swap under which (i) the Issuer has provided Synthetic Collateral for its contingent obligations to the Synthetic Counterparty thereunder and (ii) the Synthetic Counterparty has agreed to limit its recourse to the Synthetic Collateral.
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Collateralised Credit Default Swap means a Synthetic Security entered into by the Issuer which is an unfunded credit default swap under which the Issuer will be required to either (i) provide Synthetic Collateral or (ii) allocate Class A-2 Undrawn and Committed Amounts in each case, in order to meet its contingent obligations to the Synthetic Counterparty thereunder.
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Related to Collateralised Credit Default Swap

  • Credit Default Swap means any credit default swap entered into as a means to (i) invest in bonds, notes, loans, debentures or securities on a leveraged basis or (ii) hedge the default risk of bonds, notes, loans, debentures or securities.

  • Letter of Credit Default means with respect to a Letter of Credit, the occurrence of any of the following events:

  • Counterparty Downgrade Collateral Account means an interest-bearing account of the Issuer with the Custodian into which all Counterparty Downgrade Collateral is to be deposited.

  • Discharge of Credit Agreement Obligations means, with respect to any Shared Collateral, the Discharge of the Credit Agreement Obligations with respect to such Shared Collateral; provided that the Discharge of Credit Agreement Obligations shall not be deemed to have occurred in connection with a Refinancing of such Credit Agreement Obligations with an Additional Senior Debt Facility secured by such Shared Collateral under one or more Additional Senior Debt Documents which has been designated in writing by the Administrative Agent (under the Credit Agreement so Refinanced) to the Designated Senior Representative as the “Credit Agreement” for purposes of this Agreement.

  • Swap Default Any of the circumstances constituting an “Event of Default” under the Swap Agreement.