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

• 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.

• Vice President Flynn next described Resolution No. 7-2015, Authorizing Modifying an Existing Swap Agreement or Amending or Novating or Assigning an Existing Swap Agreement or Entry Into a New Swap Agreement.

• All payments received by the Authority from under the Existing Swap Agreement are hereby pledged as part of the Pledged Revenues under the General Bond Resolution, as provided in Section 501(b) of the General Bond Resolution.

• From and after the date of issuance of the Series 2020 D Bonds, the Existing Swap Agreement shall continue to be (i) secured by the pledge and lien created by Section 501 of the General Bond Resolution on a parity with the Series 2020 D Bonds and the other payment obligations of the Authority secured on a parity with the Series 2020 D Bonds, and (ii) payable from amounts on deposit in the Debt Service Fund created and established under Section502 of the General Bond Resolution.

• The obligations of the Guarantor hereunder are only with respect to any Loss arising by reason of the obligations under the Confirmations to the Existing Swap Agreements and that Guarantor shall have no obligation to post Collateral relating to any Exposure or Independent Amount pursuant to the Collateral Support Annex to the Existing Swap Agreement or otherwise.

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 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, 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 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 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.

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.