Common use of Swap Transactions Clause in Contracts

Swap Transactions. (a) If, at any time during the Security Period, the Borrower wishes to enter into swap Transactions so as to (inter alia) hedge all or any part of its exposure under this Agreement to interest rate fluctuations, it shall advise the Bank in writing. (b) Any such swap transaction shall be concluded with the Bank under the Master Agreement provided however that no such swap transaction shall be concluded unless the Bank first agrees to it in writing at its sole and absolute discretion. If and when any such swap transaction has been concluded, it shall constitute a Transaction, and the Borrower shall sign a Confirmation with the Bank.

Swap Transactions. (a) If, at any time during the Security Period, the Borrower wishes Borrowers wish to enter into swap Transactions so as to (inter alia) hedge all or any part of its their exposure under this Agreement to interest rate fluctuations, it shall advise the Bank in writing. (b) Any such swap transaction shall be concluded with the Bank under the Master Agreement provided however that no such swap transaction shall be concluded unless the Bank first agrees to it in writing at its sole and absolute discretionwriting. If and when any such swap transaction has been concluded, it shall constitute a Transaction, and the Borrower Borrowers shall sign a Confirmation with the Bank.

Swap Transactions. (a) If, at any time during the Security Period, the Borrower wishes Borrowers wish to enter into swap Transactions so as to (inter alia) hedge all or any part of its exposure under this Agreement to interest rate fluctuations, it they shall advise the Bank in writing. (b) Any such swap transaction shall be concluded with the Bank under the Master Agreement provided however provided, however, that no such swap transaction shall be concluded unless the Bank first agrees to it in writing at its sole and absolute discretionwriting. If and when any such swap transaction has been concluded, it shall constitute a Transaction, and the Borrower Borrowers shall sign a Confirmation with the Bank.

Swap Transactions. (a) If, at any time during the Security Period, the Borrower wishes to enter into swap Transactions so as to (inter alia) hedge all or any part of its exposure under this Agreement to interest rate fluctuations, it shall advise the Bank in writing. (b) Any such swap transaction shall be concluded with the Bank under the Master Agreement provided however that no such swap transaction shall be concluded unless the Bank first agrees to it in writing at its sole and absolute discretionwriting. If and when any such swap transaction has been concluded, it shall constitute a Transaction, and the Borrower shall sign a Confirmation with the Bank.

Swap Transactions. (a) If, at any time during the Security Period, the Borrower wishes to enter into swap Transactions so as to (inter alia) hedge all or any part of its their exposure under this Agreement to interest rate fluctuations, it shall advise the Bank in writing. (b) Any such swap transaction shall be concluded with the Bank under the Master Agreement provided however that no such swap transaction shall be concluded unless the Bank first agrees to it in writing at its sole and absolute discretionwriting. If and when any such swap transaction has been concluded, it shall constitute a Transaction, and the Borrower shall sign a Confirmation with the Bank.