Asset Swap Obligation definition

Asset Swap Obligation means a Non-Euro Obligation and the related Asset Swap Transaction.

Asset Swap Obligation means a Non-Euro Obligation in respect of which a related Asset Swap Transaction is entered into by the Issuer.

Asset Swap Obligation means any Collateral Debt Obligation which is not denominated in EUR (or in one of the predecessor currencies of those EU member states which have adopted EUR as their currency) and which is the subject of an Asset Swap Transaction.

Examples of Asset Swap Obligation in a sentence

• The applicable Asset Swap Counterparty may also have the right to terminate an Asset Swap Transaction following the occurrence of certain credit events relating to the applicable Asset Swap Obligation.

• The applicable Asset Swap Counterparty may also have the right to terminate an Asset Swap Transaction following the occurrence of certain events relating to the applicable Asset Swap Obligation, including related to certain regulatory matters.

• Account" means each segregated currency account into which amounts due to the Issuer in respect of each Asset Swap Obligation and out of which amounts from the Issuer to each applicable Asset Swap Counterparty under each applicable Asset Swap Transaction are to be paid.

• The Issuer will procure that all amounts due to the Issuer in respect of each Asset Swap Obligation (including, any payments from an Asset Swap Counterparty in respect of initial principal exchange amounts pursuant to an Asset Swap Transaction) shall, on receipt, be deposited in the Asset Swap Account maintained in the currency of such Asset Swap Obligation.

• There shall be a segregated sub-account in respect of each Asset Swap Transaction (maintained in euro and the currency of the relevant Asset Swap Obligation) and only the payments specified below in respect of the relevant Asset Swap Transaction shall be paid into and/or out of such sub-account.

More Definitions of Asset Swap Obligation

Asset Swap Obligation means any Collateral Debt Obligation which is not denominated or drawn in EUR and which is the subject of an Asset Swap Transaction.

Asset Swap Obligation means any Non-Euro Obligation which is (or, following the entry into a binding commitment to purchase such obligation, will be) the subject of an Asset Swap Transaction.

Asset Swap Obligation means any Collateral Debt Obligation which is not denominated or drawn in EUR and which is, or will as soon as practicable after the entry into of a binding commitment to purchase such obligation become, the subject of an Asset Swap Transaction.

Asset Swap Obligation means a Non-Euro Obligation (other than a Non-Euro Obligation denominated in Sterling which is a Revolver Hedged Collateral Debt Obligation) and the related Asset Swap Transaction.

Asset Swap Obligation means an item of Non-Euro Portfolio Collateral and the related Asset Swap Transaction.

Asset Swap Obligation means a Restricted Currency Obligation and the related Asset Swap Transaction.

Asset Swap Obligation means a Non-Euro Obligation which is hedged with a corresponding asset swap, together with the related Asset Swap Transaction.