Termination of Issuer Swaps Sample Clauses

Termination of Issuer Swaps. If an Issuer Swap Agreement terminates and the Issuer is unable to enter into replacement hedging arrangements, the Issuer shall instruct the Issuer Cash Manager to open, as necessary, the relevant Additional Issuer Account at the Issuer Account Bank. The Issuer shall deliver a mandate to the Issuer Account Bank relating to such Additional Issuer Account in accordance with this Agreement and the Issuer Deed of Charge.
AutoNDA by SimpleDocs
Termination of Issuer Swaps. If, on or prior to the date of the earlier of (i) repayment in full of the Euro Notes, or (ii) the service of a Note Acceleration Notice on the Issuer, an Issuer Swap is terminated, the Issuer Cash Manager (on behalf of the Issuer or, if the Issuer Security Trustee requests the Issuer Cash Manager to act as its agent, on behalf of the Issuer Security Trustee) shall enter into a replacement hedge (taking into account any early termination payment received from the relevant Issuer Swap Provider) in respect of the Class A1 Notes and/or the Class A2 Notes (as applicable), against fluctuations in the relevant currency swap rate between Euro and Sterling or the possible variance between LIBOR for three- month Sterling deposits and a EURIBOR-based rate for three-month Euro deposits applicable to the Class A1 Notes and/or the Class A2 Notes (as applicable).
Termination of Issuer Swaps. If, on or prior to the date of the earlier of (i) repayment in full of the U.S. Dollar Notes,
Time is Money Join Law Insider Premium to draft better contracts faster.