Existing Swap Agreement definition

Existing Swap Agreement each Swap Agreement listed on Schedule 1.1F.

Existing Swap Agreement means one or more agreements in effect on the Closing Date between the Borrower and any Lender or any Affiliate of any Lender with respect to Permitted Indebtedness of the Borrower, which agreements create Rate Hedging Obligations. All obligations of the Borrower under Existing Swap Agreements to which any Lender or its affiliates are a party shall be deemed to be Borrower’s Liabilities, and each Lender or affiliate of a Lender party to any such Existing Swap Agreement shall be deemed to be a Guaranteed Party hereunder with respect to such Borrower’s Liabilities; provided, however, that such obligations shall cease to be Borrower’s Liabilities at such time as such Person (or affiliate of such Person) shall cease to be a “Lender” under the Credit Agreement. No Person who obtains the benefit of this Guaranty Agreement by virtue of the provisions of this paragraph shall have any right to notice of any action or to consent to, direct or object to any action hereunder or otherwise in respect of the Guarantors’ Obligations (including the release or modification of any Guarantors’ Obligations) other than in its capacity as a Lender and only to the extent expressly provided in the Loan Documents.

Existing Swap Agreement means that certain Swap Agreement, Ref. # S28817RM, by and between Company and The Bank of Nova Scotia, as in effect on the Closing Date.

Examples of Existing Swap Agreement in a sentence

• From and after the date of issuance of the Series 2020 D Bonds, the Existing Swap Agreement shall be a Qualified Swap for the Series 2020 D Bonds and it is hereby determined that the Existing Swap Agreement will assist the Authority in more effectively managing its interest costs with respect to the Series 2020 D Bonds.

• Such report shall also include a description of the basis upon which the determination was made by an Authorized Officer that such amendment, supplement, modification and/or termination of such Existing Swap Agreement was in the best interest of the Authority as required by Sections 2 and 3 of this Resolution.

• Simultaneously with the issuance of the Series 2020 D Bonds, the Authority andshall enter into an amended and restated Confirmation for the Existing Swap Agreement which will reflect that the Existing Swap Agreement will thereafter be used by the Authority to manage its interest rate risk with respect to the Series 2020 D Bonds.

• Each Credit Party agrees and acknowledges that (A) the Existing Swap Agreements are Swap Agreements permitted under this Section 7.05 and (B) as of the Effective Date, the counterparty to each Existing Swap Agreement is a Lender Counterparty.

• In order to evidence the fact that the Existing Swap Agreement will be used by the Authority to manage itsinterest rate risk with respect to the Series 2020 D Bonds, I hereby authorize the execution and delivery of the amended and restated Confirmation between the Authority andin substantially the form attached hereto as Exhibit D.

More Definitions of Existing Swap Agreement

Existing Swap Agreement means, in respect of a Counterparty Replacement Event, the Swap Agreement entered into in connection with the Notes on the terms applicable to such Swap Agreement immediately prior to such Counterparty Replacement Event;

Existing Swap Agreement means, in respect of a Swap, a written agreement that (i) exists at the time of execution of such Swap, (ii) provides for, among other things, terms governing the payment obligations of the parties, and (iii) the parties have established (by written agreement, oral agreement, course of conduct or otherwise) will govern such Swap. This Master Agreement will not govern any Swap that is (i) governed by an Existing Swap Agreement, or (ii) intended by the parties to be cleared on a clearing organization. Swaps. For purposes of this Master Agreement, the term “Swap” means a “swap” as defined in Section 1a(47) of the Commodity Exchange Act, as amended (“CEA”), and regulations thereunder; provided that a commodity option entered into pursuant to Commodity Futures Trading Commission Regulation 32.3(a) is not a Swap for purposes hereof. The term “Swap” also includes any foreign exchange swaps and foreign exchange forwards that are exempted from regulation as “swaps” by the Secretary of the Treasury pursuant to authority granted by Section 1a(47)(E) of the CEA. For the avoidance of doubt, the term “Swap” does not include a swap that has been cleared by a derivatives clearing organization.

Existing Swap Agreement means the International Swap Dealers, Inc. Master Agreement dated as of December 11, 1997 between First Union (as successor by merger to CoreStates Bank, N.A.) and MTI, together with all schedules, exhibits and confirmations thereto, as amended and/or supplemented from time to time.

Existing Swap Agreement means the interest rate swap transaction in the notional amount of $__________ entered into by the Authority under and pursuant to the ISDA Master Agreement, dated as of ____________, 20__, including the Schedule and the Credit Support Annex thereto, dated as of ____________, 20__, and the Confirmation thereunder dated ___________, 20__, between ___________________ and the Authority, as amended and modified from time to time.

Existing Swap Agreement means any Swap Agreement listed on Schedule 7.20 hereto that was entered into between a Credit Party and a Person that was a “Lender” under the Existing Credit Agreement but is not a Lender hereunder. CHAPARRAL ENERGY, L.L.C. EIGHTH RESTATED CREDIT AGREEMENT

Existing Swap Agreement that certain ISDA Master Agreement date as of March 9, 1998, between SunTrust and the Company, which Agreement was assigned to the Fleet Facility Agent. Fabrica: Fabrica International, a California corporation.

Existing Swap Agreement means that certain ISDA Master Agreement dated as of May 20, 2008 between the Borrower and Wachovia Bank, National Association, as amended prior to the Closing Date or at any time thereafter that Wachovia Bank, National Association is a Lender or an Affiliate of a Lender.