GVHR » Topics » Non-Depleting Cash Security

These excerpts taken from the GVHR 10-K filed Mar 16, 2009.

Non-Depleting Cash Security

 

Cash posted by you will be placed in a pooled cash account. We will credit to you, interest accrued for the quarter on the daily cash balances calculated at a rate equal to the 3-month United States Constant Maturity Treasury yield as it reads the day the cash is received. The rate will be effective to 01/01/2010. This cash will not be utilized to pay for losses and expenses you incur. We will bill you on a monthly basis for the reimbursement of losses and expenses. If, prior to 01/01/2010, you should choose, with our consent, to secure your Payment Obligation with an alternative form of collateral provided for by the terms of the Payment Agreement (“Collateral Swap”), interest will be deemed to have accrued from the day the cash is received to the date of the Collateral Swap, at a rate of 1.00%

 

Non-Depleting
Cash Security



 



Cash posted by you will
be placed in a pooled cash account. We will credit to you, interest accrued for
the quarter on the daily cash balances calculated at a rate equal to the
3-month United States Constant Maturity Treasury yield as it reads the day the
cash is received. The rate will be effective to 01/01/2010. This cash will not
be utilized to pay for losses and expenses you incur. We will bill you on a
monthly basis for the reimbursement of losses and expenses. If, prior to
01/01/2010, you should choose, with our consent, to secure your Payment
Obligation with an alternative form of collateral provided for by the terms of
the Payment Agreement (“Collateral Swap”), interest will be deemed to have
accrued from the day the cash is received to the date of the Collateral Swap,
at a rate of 1.00%



 



Non-Depleting
Cash Security



 



Cash posted by you will
be placed in a pooled cash account. We will credit to you, interest accrued for
the quarter on the daily cash balances calculated at a rate equal to the
3-month United States Constant Maturity Treasury yield as it reads the day the
cash is received. The rate will be effective to 01/01/2010. This cash will not
be utilized to pay for losses and expenses you incur. We will bill you on a
monthly basis for the reimbursement of losses and expenses. If, prior to
01/01/2010, you should choose, with our consent, to secure your Payment
Obligation with an alternative form of collateral provided for by the terms of
the Payment Agreement (“Collateral Swap”), interest will be deemed to have
accrued from the day the cash is received to the date of the Collateral Swap,
at a rate of 1.00%



 



These excerpts taken from the GVHR 10-K filed Mar 17, 2008.

Non-Depleting Cash Security

Cash posted by you will be placed in a pooled cash account. We will credit to you, interest accrued for the quarter on the daily cash balances calculated at a rate equal to the 3-month United States Constant Maturity Treasury yield as it reads the day the cash is received. The rate will be effective to 01/01/2009. This cash will not be utilized to pay for losses and expenses you incur. We will bill you on a monthly basis for the reimbursement of losses and expenses. If, prior to 1/1/2009, you should choose, with our consent, to secure your Payment Obligation with an alternative form of collateral provided for by the terms of the Payment Agreement ("Collateral Swap"), interest will be deemed to have accrued from the day the cash is received to the date of the Collateral Swap, at a rate of 1.00%

Non-Depleting Cash Security



Cash
posted by you will be placed in a pooled cash account. We will credit to you, interest accrued for the quarter on the daily cash balances calculated at a rate equal to the 3-month
United States Constant Maturity Treasury yield as it reads the day the cash is received. The rate will be effective to 01/01/2009. This cash will not be utilized to pay for losses and expenses you
incur. We will bill you on a monthly basis for the reimbursement of losses and expenses. If, prior to 1/1/2009, you should choose, with our consent, to secure your Payment Obligation with an
alternative form of collateral provided for by the terms of the Payment Agreement ("Collateral Swap"), interest will be deemed to have accrued from the day the cash is received to the date of the
Collateral Swap, at a rate of 1.00%



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