Counterparty Replacement Event definition

Counterparty Replacement Event means the occurrence of one or more of the following in respect of the Swap Counterparty, if specified in the Applicable Supplement:
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Counterparty Replacement Event means one or more of the following events, as specified in the Securities Note:
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Examples of Counterparty Replacement Event in a sentence

  • In order to make such election, such Noteholders must provide a Counterparty Replacement Notice to the Issuer, copying the Agents and the Trustee, on or before the day falling 5 Business Days after the occurrence of a Counterparty Replacement Event (the "Counterparty Replacement Election Cut-Off Date").

  • Following a Counterparty Replacement Event, Noteholders holding 100 per cent.

  • Following a Counterparty Replacement Event, the Swap Agreement will be terminated and the Early Termination Amount in respect of such termination will be calculated and payable in accordance with the terms of the Swap Agreement.The Issuer shall provide to Noteholders a copy of any notice received or given by it pursuant to Section 6 of the Swap Agreement following a Counterparty Replacement Event.

  • A Counterparty Replacement Election may be made regardless of whether any notice required by Additional Condition 1 (Notification of Counterparty Replacement Event) has been given.

  • Swap Counterparty Replacement Event: (i) Swap Event:Not Applicable(ii) Downgrade Event:Not Applicable50.

  • Swap Counterparty Replacement Event: (i) Swap Event: Not Applicable (ii) Downgrade Event: Not Applicable 49.

Related to Counterparty Replacement Event

  • 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.

  • Counterparty Downgrade Collateral means any cash and/or securities delivered to the Issuer as collateral for the obligations of a Hedge Counterparty under a Hedge Transaction.

  • Swap Provider Trigger Event A Swap Termination Payment that is triggered upon: (i) an Event of Default under the Interest Rate Swap Agreement with respect to which the Swap Provider is a Defaulting Party (as defined in the Interest Rate Swap Agreement), (ii) a Termination Event under the Interest Rate Swap Agreement with respect to which the Swap Provider is the sole Affected Party (as defined in the Interest Rate Swap Agreement) or (iii) an Additional Termination Event under the Interest Rate Swap Agreement with respect to which the Swap Provider is the sole Affected Party.

  • Servicer Replacement Event means any one or more of the following that shall have occurred and be continuing:

  • Replacement Event shall have the meaning specified in Section 11.16.

  • Acceptable Counterparty means any counterparty to the Interest Rate Cap Agreement that has and shall maintain, until the expiration of the applicable Interest Rate Cap Agreement, a long-term unsecured debt rating of at least “A+” by S&P and “Aa3” from Xxxxx’x, which rating shall not include a “t” or otherwise reflect a termination risk and is otherwise reasonably acceptable to Lender.

  • Swap Counterparty Trigger Event A Swap Counterparty Trigger Event shall have occurred if any of a Swap Default with respect to which the Swap Counterparty is a Defaulting Party, a Termination Event with respect to which the Swap Counterparty is the sole Affected Party or an Additional Termination Event with respect to which the Swap Counterparty is the sole Affected Party has occurred.

  • Hedge Counterparty Ratings Requirement means (a) either (i) the unsecured, short-term debt obligations of the substitute counterparty (or its Credit Support Provider) are rated at least “A-1” by S&P or (ii) if the substitute counterparty does not have a short-term rating from S&P, the unsecured, long-term senior debt obligations of the substitute counterparty (or its Credit Support Provider) are rated at least “A+” by S&P, (b) either (i) the unsecured, long-term senior debt obligations of such substitute counterparty (or its Credit Support Provider) are rated at least “A1” by Moody’s (and if rated “A1” by Moody’s, such rating is not on watch for possible downgrade to below “A1”) and the unsecured, short-term debt obligations of such substitute counterparty (or its Credit Support Provider) are rated at least “P-1” by Moody’s (and if rated “P-1” by Moody’s, such rating is not on watch for possible downgrade and remaining on watch for possible downgrade), or (ii) if such substitute counterparty (or its Credit Support Provider) does not have a short-term debt rating from Moody’s, the unsecured, long-term senior debt obligations of such substitute counterparty (or its Credit Support Provider) are rated at least “Aa3” by Moody’s (and if rated “Aa3” by Moody’s, such rating is not on watch for possible downgrade to below “Aa3”), and (c) either (i) the unsecured, long-term senior debt obligations of such substitute counterparty (or its Credit Support Provider) are rated at least “A” by Fitch or (ii) the unsecured, short-term debt obligations of such substitute counterparty (or its Credit Support Provider) are rated at least “F1” by Fitch. For the purpose of this definition, no direct or indirect recourse against one or more shareholders of the substitute counterparty (or against any Person in control of, or controlled by, or under common control with, any such shareholder) shall be deemed to constitute a guarantee, security or support of the obligations of the substitute counterparty.

  • Approved Counterparty means (a) any Lender or any Affiliate of a Lender and (b) any other Person whose long term senior unsecured debt rating is A-/A3 by S&P or Xxxxx’x (or their equivalent) or higher.

  • Collateral Event of Default has the meaning set forth in Section 13.01(b).

  • Eligible Counterparty means an “Eligible Counterparty” for the purposes of the Law.

  • Collateral Event means that no Relevant Entity has credit ratings at least equal to the Approved Ratings Threshold.

  • Master Servicer Event of Default wherever used herein, means any one of the following events:

  • Servicer Event of Default wherever used herein, means any one of the following events:

  • Insurance Agreement Event of Default means an "Event of Default" as defined in the Insurance Agreement.

  • Hedging Disruption Event means any event which, in the Issuer’s reasonable opinion, would make it illegal or commercially unfeasible for the Issuer to continue to hedge its obligations in relation to the Bond.

  • Threshold Event Collateral shall have the meaning assigned to such term in Section 5(g).

  • Required Ratings Downgrade Event means that no Relevant Entity has credit ratings at least equal to the Required Ratings Threshold.

  • Trigger Event shall have the meaning specified in Section 14.04(c).

  • Notice of Replacement Subordination Agent has the meaning specified in Section 3.08.

  • Carve-Out Trigger Notice means a written notice delivered by the Administrative Agent or the Required Lenders (which delivery may be made by any electronic method of transmission) to the Borrower and its counsel, the United States Trustee, and lead counsel to any Committee, which notice may be delivered following the occurrence and continuance of an Event of Default, and stating that the Post-Carve-Out Trigger Notice Cap has been invoked.

  • Payment Event of Default means an Event of Default specified in Section 7.1(a).

  • Qualified Counterparty with respect to any Specified Hedge Agreement, any counterparty thereto that, at the time such Specified Hedge Agreement was entered into, was a Lender or an affiliate of a Lender.

  • Trigger Event Date means a date on which a Trigger Event has occurred as determined by the Calculation Agent.