Defaulted Asset Swap Termination Payment definition

Defaulted Asset Swap Termination Payment means any amount payable by the Issuer to an Asset Swap Counterparty upon termination of an Asset Swap Transaction in respect of which the Asset Swap Counterparty was the "Defaulting Party" or sole "Affected Party", respectively (each such term as defined therein).
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Defaulted Asset Swap Termination Payment means any amount payable by the Issuer to an Asset Swap Counterparty upon termination of any Asset Swap Transaction or Asset Swap Agreement in whole following the occurrence of an "Event of Default" or "Termination Event other than "Illegality" or a "Tax Event" (as such terms are defined in such Asset Swap Agreement) thereunder in respect of which an Asset Swap Counterparty was the "Defaulting Party" or sole "Affected Party" (as such terms are defined in such Asset Swap Agreement).
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Defaulted Asset Swap Termination Payment means any amount payable by the Issuer to an Asset Swap Counterparty upon termination of any Asset Swap Transaction in whole following the occurrence of (a) an "Event of Default" in respect of which the Asset Swap Counterparty was the sole "Defaulting Party" (each such term as defined therein) or (b) a "Termination Event" in respect of which the Asset Swap Counterparty was the sole "Affected Party" (as such term is defined therein).
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Examples of Defaulted Asset Swap Termination Payment in a sentence

  • Asset Swap Issuer Termination Payment means any amount payable to the Asset Swap Counterparty by the Issuer upon termination of an Asset Swap Transaction or Asset Swap Agreement excluding any Defaulted Asset Swap Termination Payment.


More Definitions of Defaulted Asset Swap Termination Payment

Defaulted Asset Swap Termination Payment means any amount payable by the Issuer to an Asset Swap Counterparty upon termination of an Asset Swap Transaction in respect of which the Asset Swap Counterparty was either (i) the “Defaulting Party” or (ii) the sole “Affected Party” (in respect of an “Additional Termination Event” as a result of such Asset Swap Counterparty failing to comply with the requirements of the Rating Agencies in the event that it (or, as relevant, its guarantor) is subject to a rating withdrawal or downgrade by the Rating Agencies to below the applicable Rating Requirement).
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Defaulted Asset Swap Termination Payment means any amount payable by the Issuer to an Asset Swap Counterparty upon termination of an Asset Swap Transaction in whole following the occurrence of an “Event of Default” or “Termination Event” (other than an “Illegality” or a “Tax Event”) thereunder in respect of which the Asset Swap Counterparty was the “Defaulting Party” or sole “Affected Party”, respectively (each such term as defined therein).
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Related to Defaulted Asset Swap Termination Payment

  • Termination Payment has the meaning set forth in Section 6.03.

  • Termination Payments has the meaning specified in Section 10(a).

  • Swap Termination Value means, in respect of any one or more Swap Contracts, after taking into account the effect of any legally enforceable netting agreement relating to such Swap Contracts, (a) for any date on or after the date such Swap Contracts have been closed out and termination value(s) determined in accordance therewith, such termination value(s), and (b) for any date prior to the date referenced in clause (a), the amount(s) determined as the xxxx-to-market value(s) for such Swap Contracts, as determined based upon one or more mid-market or other readily available quotations provided by any recognized dealer in such Swap Contracts (which may include a Lender or any Affiliate of a Lender).

  • Distribution Payment Date has the meaning set forth in paragraph 2(b) of Annex I.