Existing Swap definition

Existing Swap means the ISDA Master Agreement dated as of 6th February 1997 entered into between the Borrower and the Existing Swap Counterparty, together with the Schedule thereto and all confirmations to that Master Agreement;
Sample 1
Existing Swap means (i) the ISDA Master Agreement, including the Schedule and related confirmation, each dated as of August 7, 2008, between the City and Xxxxxxx Xxxxx Financial Products, Inc. (as successor in interest to Xxxxxx Xxxxxx Financial Products, Inc. (“RJFP”), (ii) the Replacement Transaction Agreement, dated as of August 7, 2008, among the City, RJFP, and Deutsche Bank AG, New York Branch, and (iii) the Credit Support Annex, dated as of August 7, 2008, between the City and Deutsche Bank AG, New York Branch.]
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Existing Swap means the swap transaction governed by that certain ISDA Schedule to the 2002 Master Agreement dated as of April 27, 2012, by and between Bank of America, N.A. and Borrower, as amended.
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Examples of Existing Swap in a sentence

  • Each Credit Party and each Lender agrees and acknowledges that (i) the Existing Swap Agreements are Swap Agreements permitted under this Section 7.05, (ii) as of the Effective Date, the counterparty to each Existing Swap Agreement is a Lender Counterparty, and (iii) the obligations of the Credit Parties under the Existing Swap Agreements are included in the defined term “Obligations” and such obligations are entitled to the benefits of, and are secured by the Liens granted under, the Security Instruments.

  • The Borrower will, and will cause each Restricted Subsidiary to, maintain the Existing Swap Agreements and none of the Existing Swap Agreements may be amended, modified or cancelled without the prior written consent of the Required Lenders.

  • Each Credit Party and each Lender agrees and acknowledges that (i) the Existing Swap Agreements are Swap Agreements permitted under this Section 7.05, (ii) as of the Effective Date, the counterparty to such Swap Agreements is a Lender Counterparty, and (iii) the obligations of the Borrower under such Swap Agreements are included in the defined term “Obligations” and such obligations are entitled to the benefits of, and are secured by the Liens granted under, the Security Instruments.

  • Agent shall have received satisfactory evidence that the Existing Swap Obligations have been repaid in full and terminated.

  • Existing Swap Agreements could be amended, terminated or offset with additional interest rate swaps when market conditions permitted.

  • In connection with any such assignment or transfer of the First Priority Obligations, all Existing Swap Agreements shall be terminated unless all parties thereto shall have consented to the assignment thereof to the Second Priority Creditors and to the release of the lender counterparties thereto from all liability thereunder.

  • The Borrower has assumed all obligations under the Existing DIP Letters of Credit and Existing Swap Contracts and shall be considered substituted as account party or contracting party for all purposes in respect thereof.

  • Each Credit Party and each Lender agrees and acknowledges that the obligations of the Credit Parties under the Existing Swap Agreements are included in the defined term “Obligations” and such obligations are entitled to the benefits of, and are secured by the Liens granted under, the Security Instruments.

  • The Borrower will, and will cause each Restricted Subsidiary to, maintain the Existing Swap Agreements and none of the Existing Swap Agreements may be amended, modified or cancelled without the prior written consent of the Majority Lenders.

  • The City has not entered into any Swap Contract relating to Indebtedness of the City payable from or secured by all or any portion of the Security (a) wherein any termination payment thereunder is senior to or on a parity with the payment of the Bonds or the other payment Obligations or (b) [other than Existing Swap,] which requires the City to post cash collateral to secure its obligations thereunder.


More Definitions of Existing Swap

Existing Swap means ISDA Master Agreement entered into by Borrower with Xxxxx Fargo Bank, dated as of March 9, 2015, and the rate confirmation letter, dated March 9, 2015, referring to trade number 15552648.
Sample 1
Existing Swap means the Interest Rate and Currency Exchange Agreement dated as of July 13, 1990 between the Partnership and Paribas providing for an interest rate swap transaction the Confirmation for which is dated as of March 1, 1994.
Sample 1
Existing Swap means the interest rate swap transaction of the College with the Existing Swap Provider evidenced by the Master Agreement (including the Schedule thereto) dated as of July 21, 2023, as amended by the Amendment Agreement dated as of September 12, 2023 (including the Credit Support Annex thereto) and the two Amended and Restated Confirmations dated July 21, 2023, as amended and restated as of September 12, 2023 providing for interest rate exchange transactions with respect to the Series 2023 Bonds in the notional amounts of $96,157,000 and $16,748,000, respectively, as such Existing Swap may be amended and/or restated by the parties thereto, together with the third Amended and Restated Confirmation dated July 21, 2023, as amended and restated as of September 12, 2023, and as amended and restated by the two Amended and Restated Confirmations dated January , 2024, between the College and the Existing Swap Provider providing for interest rate exchange transactions in the aggregate notional amount of $43,225,000, which are hereby designated to be part of the Existing Swap.
Sample 1
Existing Swap means swap arrangements to which an Existing Borrower is a party at the date of this Deed which are referred to in the Hedging Process Paper as the Existing Swaps;
Sample 1
Existing Swap has the meaning specified therefor in the recitals to the Agreement.
Sample 1

Related to Existing Swap

  • Eligible Swap Counterparty means an entity, which may be an affiliate of a remarketing agent, engaged in the business of entering into derivative instrument contracts that satisfies the Rating Agency Condition.

  • Existing ship means a ship which is not a new ship.

  • Existing Contract means an unexpired Contract entered into by the Council and a Provider for works, services and/or goods.

  • Floating Swap Payment With respect to any Distribution Date, a floating amount equal to the product of (i) Swap LIBOR, (ii) the related Base Calculation Amount (as defined in the Interest Rate Swap Agreement), (iii) 250 and (iv) a fraction, the numerator of which is the actual number of days elapsed from and including the previous Floating Rate Payer Payment Date (as defined in the Interest Rate Swap Agreement) to but excluding the current Floating Rate Payer Payment (or, for the first Floating Rate Payer Payment Date, the actual number of days elapsed from the Closing Date to but excluding the first Floating Rate Payer Payment Date), and the denominator of which is 360.

  • Specified Swap Agreement means any Swap Agreement in respect of interest rates, currency exchange rates or commodity prices entered into by the Parent Borrower or any of the Subsidiary Borrowers and any Person that is a Lender or an affiliate of a Lender at the time such Swap Agreement is entered into.

  • Cleared Swap means a Swap that is subject to the mandatory clearing requirement of Section 2(h)(1)(A) of the CEA or any Swap that is intended by a Participant to be submitted to a DCO for clearing contemporaneously with execution.

  • Existing Contracts means the existing licenses and contracts given by the Railway Administration / Authority, in relation to commercial establishments, as existing on Station Development Land, as on the date of the Agreement, and as further set out in the Schedules, which shall, for avoidance of doubt, exclude any licenses and/ or contracts in relation to any Excluded Activities and/or Railway Operational Activities;

  • Existing Senior Notes means the Existing 2020 Senior Notes and the Existing 2021 Senior Notes, collectively.

  • Existing Security Agreement has the meaning set forth in the recitals hereto.

  • Parent Contract means any Contract: (a) to which Parent is a party; (b) by which Parent or any Parent IP or any other asset of Parent is or may become bound or under which Parent has, or may become subject to, any obligation; or (c) under which Parent has or may acquire any right or interest.

  • Secured Swap Agreement means a Swap Agreement between (a) any Loan Party and (b) a Secured Swap Provider.

  • Key Sub-Contract means each Sub-Contract with a Key Sub-Contractor;

  • Existing Security Documents shall have the meaning assigned to such term in the recitals hereto.

  • Derivative Provider Trigger Event means (i) an Event of Default with respect to which Party A is a Defaulting Party, (ii) a Termination Event with respect to which Party A is the sole Affected Party or (iii) an Additional Termination Event with respect to which Party A is the sole Affected Party.

  • Original Contract means the contract between the assignor and the debtor from which the assigned receivable arises;

  • Fixed Swap Payment With respect to any Distribution Date, a fixed amount equal to the related amount set forth in the Interest Rate Swap Agreement.

  • Existing Financing means the financing arrangements that provided for a security interest granted by Company in the Aircraft and that were outstanding on August 3, 2020.

  • sub-contract means the primary contractor’s assigning, leasing, making out work to, or employing, another person to support such primary contractor in the execution of part of a project in terms of the contract;

  • existing vessel means a vessel which is not a new vessel;

  • Currency Swap Agreement means any currency swap agreement, including all schedules and confirmations thereto, entered into by the Issuer and the Currency Swap Counterparty, as the same may be amended, supplemented, renewed, extended or replaced from time to time.

  • Equity Contract means any transaction or instrument that does not convey to Dealer rights, or the ability to assert claims, that are senior to the rights and claims of common stockholders in the event of Counterparty’s bankruptcy.

  • Total Return Swap means a derivative (and a transaction within the scope of SFTR) whereby the total economic performance of a reference obligation is transferred from one counterparty to another counterparty;

  • Interest Rate Swap means any interest rate swap transaction entered into pursuant to the Agreement between Party A and Party B as evidenced by a Confirmation;

  • Interest Rate Swap Agreement means the agreement(s) (including any further replacement agreements) entered into between the Guarantor LP and the Interest Rate Swap Provider(s) in the form of an ISDA Master Agreement, as the same may be amended, varied, supplemented, restated or extended from time to time, including a schedule and confirmations in relation to each Tranche or Series of Covered Bonds;

  • Term Contract means the legally enforceable term contract, as defined in section 287.012, F.S., between the Department and Contractor to which these Enterprise Standard Terms and Conditions apply, including all Attachments thereto. The Term Contract is either a State Term Contract or an Enterprise Alternate Contract Source.

  • Swap means any agreement, contract, or transaction that constitutes a “swap” within the meaning of section 1a(47) of the Commodity Exchange Act.