Financial Products Agreement definition

Financial Products Agreement means an interest rate swap, cap, collar, floor, other hedging agreement, arrangement or security, however denominated, entered into by the City with a Provider not for investment purposes but with respect to the Bonds or specific Parity Bonds and providing that any payments by the City thereunder shall be made only from Net Revenues and for the purpose of (i) reducing or otherwisemanaging the City’s risk of interest rate changes or (ii) effectively converting the City’s interest rate exposure, in whole or in part, from a fixed rate exposure to a variable rate exposure, or from a variable rate exposure to a fixed rate exposure.

Financial Products Agreement means an interest rate swap, cap,

Financial Products Agreement means an interest rate swap, cap, collar, option, floor, forward or other hedging agreement, arrangement or security, however denominated, identified to the Trustee in a Certificate of the Borrower Representative as having been entered into by a Borrower with a Qualified Provider for the purpose of (a) reducing or otherwise managing the Borrower’s risk of interest rate changes or (b) effectively converting the Borrower’s interest rate exposure, in whole or in part, from a fixed rate exposure to a variable rate exposure, from a variable rate exposure to a fixed rate exposure, or from a variable rate exposure to a different variable rate exposure.

Examples of Financial Products Agreement in a sentence

• The District further covenants that it shall promptly cause to be made all payments required pursuant to any Credit Facility Obligation in accordance with the terms of any such Credit Facility Obligation and to make all Financial Products Payments and Financial Products Termination Payments, if any, in accordance with the terms of any Financial Products Agreement.

• The Borrower may enter into interest rate swaps, caps, collars, options, floors, forward or other hedging agreements, arrangements or security, however denominated, with respect to outstanding indebtedness as long as such agreements or arrangements qualify as a Financial Products Agreement.

• In determining the amount of any Financial Products Payments or Financial Products Receipts on any interest rate swap, cap, floor, collar or other similar Financial Products Agreement with respect to Securities bearing interest at a fixed rate, such amount shall be the amount payable or receivable annually determined as of the date of issuance of the Securities as set forth in a certificate of the Chief Financial Officer.

• Financial Products Agreement has been entered into by the District with respect to any Securities that are to be included in the calculation, and the method of calculating Debt Service Requirements on commercial paper notes.

• After the Debt Service Requirements of all Outstanding Bonds shall have been paid or provided for, and all payments required by any Credit Facility Obligations relating to the Bonds and all Financial Products Payments due and owing pursuant to any Financial Products Agreement relating to the Bonds have been paid or provided for, the surplus, if any, shall be paid to the District or the Persons lawfully entitled to receive the same as a court of competent jurisdiction may direct.

More Definitions of Financial Products Agreement

Financial Products Agreement means the contract between a Financial Products Customer and the Purchaser or any of its Affiliates or third party providers, as provider of the Financial Products.

Financial Products Agreement means an interest rate swap, cap, collar, floor, other

Financial Products Agreement means an interest rate swap, exchange, cap, collar, floor, forward, futures, option (e.g., a call, put, cap, floor or collar), or any other hedging agreement, arrangement or security, however denominated, identified to the Paying Agent in a certificate of the Authorized Board Representative as having been entered into by the Authority with a Qualified Counterparty for the purpose of managing interest rate risks including, without limitation, converting the Authority’s interest rate exposure, in whole or in part, from a fixed rate exposure to a variable rate exposure, from a variable rate exposure to a fixed rate exposure, or from a variable rate exposure to a different variable rate exposure, on all or portion of one or more Series of Bonds, which certificate shall identify those Bonds to which the Financial Products Agreement relates.

Financial Products Agreement means any type of financial management instrument or contract, which shall include, but not be limited to, (i) any contract known as or referred to or which performs the function of an interest rate swap agreement, currency swap agreement, forward payment conversion agreement or futures contract;(ii) any contract providing for payments based on levels of, or changes or differences in, interest rates, currencyexchange rates, or stock or other indices; (iii) any contract to exchange cash flows or payments or a series of payments; (iv) any type of contract called, or designed to perform the function of, interest rate floors or caps, options, puts or calls, to hedge or minimize any type of financial risk, including, without limitation, payment, currency, rate or other financial risk forward supply agreements; and (v) any other type of contract or arrangement that the Governing Body of the Borrower determines is to be used, or is intended to be used, to manage or reduce the cost of debt (including but not limited to a bond insurance policy), to convert any element of debt from one form to another, to maximize or increase investment return, to minimize investment return risk or to protect against any type of financial risk or uncertainty.

Financial Products Agreement means an interest rate swap, cap, collar, floor, other hedging agreement, arrangement or security, however denominated, entered into by the City with a Provider not for investment purposes but with respect to the Bonds or specific Parity Bonds and providing that any payments by the City thereunder shall be made only from Net Revenues and for the purpose of (i) reducing or otherwise

Financial Products Agreement means any type of financial management instrument or contract, which shall include, but not be limited to, (a) any contract known as or referred to or which performs the function of an interest rate swap agreement, currency swap agreement, forward payment conversion agreement or futures contract; (b) any contract providing for payments based on levels of, or changes or differences in, interest rates, currency exchange rates, or stock or other indices; (c) any contract to exchange cash flows or payments or a series of payments; (d) any type of contract called, or designed to perform the function of, interest rate floors or caps, options, puts or calls, to hedge or minimize any type of financial risk, including, without limitation, payment, currency, rate or other financial risk forward supply agreements; and (e) any other type of contract or arrangement that the governing body of the Borrower determines is to be used, or is intended to be used, to manage or reduce the cost of debt (including but not limited to a bond insurance policy), to convert any element of debt from one form to another, to maximize or increase investment return, to minimize investment return risk or to protect against any type of financial risk or uncertainty.

Financial Products Agreement means an interest rate swap, cap, collar, floor, other hedging agreement, arrangement or security, however denominated, entered into by RTD with a Provider with respect to the specific Securities or as otherwise permitted by Colorado Law and providing that any payments by RTD thereunder are payable from a lien on all or a portion of the Sales Tax Revenues and for the purpose of (a) reducing or otherwise managing RTD's risk of interest rate changes or (b) effectively converting RTD's interest rate exposure, in whole or in part, from a fixed rate exposure to a variable rate exposure, or from a variable rate exposure to a fixed rate exposure. Financial Products Payments means payments periodically required to be paid to a Provider by RTD pursuant to a Financial Products Agreement, but specifically excluding Financial Products Termination Payments.