Form Approved Total Return Swap definition

Form Approved Total Return Swap means a total return swap transaction the documentation for and structure of which conforms (save for the amount and timing of periodic payments, the name and economics of the reference obligations, the notional amount, the effective date, the termination date and other consequential and immaterial changes) to a form that has previously been the subject of a Rating Agency Confirmation (as defined in the Conditions).
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Form Approved Total Return Swap means a total return swap transaction the documentation for and structure of which conforms (save for the amount and timing of periodic payments, the name and economics of the reference obligations, the notional amount, the effective date, the termination date and other consequential and immaterial changes) to a form that has previously been the subject of a Rating Agency Confirmation.On any Valuation Date, except any Valuation Date in the Final Valuation Period, if the Final Price determined by the Calculation Agent is less than (A) the S&P Recovery Rate (as determined in accordance with Schedule 2 hereto) in respect of the relevant Defaulted Reference Obligation (determined as at the date such Reference Obligation was selected for inclusion in the Reference Portfolio; provided, however, that during the Final Valuation Period, the S&P Recovery Rate shall be deemed to be zero) after subtracting from such S&P Recovery Rate (B) the percentage equivalent of a fraction equal to (a) the amount of principal payments received in cash with respect to the relevant Reference Obligation since the Event Determination Date divided by (b) the Notional Amount of the relevant Reference Obligation immediately prior to theoccurrence of the Credit Event, then any Final Price determined in respect of such Valuation Date will be disregarded. If a Final Price is determined which is equal to or higher than the S&P Recovery Rate (determined as at the date such Reference Obligation was selected for inclusion in the Reference Portfolio and after giving effect to any applicable reduction described in the preceding sentence; provided, however, that during the Final Valuation Period, the S&P Recovery Rate shall be deemed to be zero), such Final Price will be valid and the valuation process described below shall end, and the Reference Obligation shall thereupon be sold to the relevant Dealer or Dealers at such Final Price.If, during the period starting on, and including, the Valuation Commencement Date and ending on, but excluding, the first day of the Final Valuation Period, the Calculation Agent determines a Final Price in accordance with Method I or Method II which is less than the S&P Recovery Rate (determined in accordance with Schedule 2 hereto) for the relevant Reference Obligation then, on the Business Day on which the Final Price is determined, the Calculation Agent shall notify Buyer, as soon as reasonably practicable, of such Final Price and Buyer may elect to use the S&P Re...
Sample 1
Form Approved Total Return Swap means a total return swap transaction the documentation for and structure of which conforms (save for the amount and timing of periodic payments, the name and economics of the reference obligations, the notional
Sample 1

More Definitions of Form Approved Total Return Swap

Form Approved Total Return Swap means a total return swap transaction the documentation for and structure of which conforms (save for the amount and timing of periodic payments, the name andeconomics of the reference obligations, the notional amount, the effective date, the termination date and other consequential and immaterial changes) to a form that has previously been the subject of a Rating Agency Confirmation (as defined in the Conditions). Funded Total Return Swap “Funded Total Return Swap” means a FormApproved Total Return Swap under which one party pays to the other party amounts linked to the interest payments and principal payments made in respect of the relevant Reference Obligation and the other party pays an upfront amount to such party at the outset of the transaction.Intex “Intex” means Intex Solutions, Inc. or any successor software provider thereto.Irreversible Loss Event “Irreversible Loss Event” means a Loss Event inrespect of which the Calculation Agent determines that one or more of the conditions set out in (a), (b) and (c) below has also been satisfied:
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Related to Form Approved Total Return Swap

  • Total Return Swap means an agreement between counterparties in which one party agrees to make payments of the total return from underlying asset(s), which may include securities, baskets of securities, or securities indices during the specified period, in return for payments equal to a fixed or floating rate of interest or the total return from other underlying asset(s).

  • Total Return means the annual compounded rate of return for an investment fund for a period that would equate the initial value to the redeemable value at the end of the period, expressed as a percentage, and determined by applying the following formula:

  • S&P Approved Ratings Threshold means, with respect to Party A, the guarantor under an Eligible Guarantee or an Eligible Replacement, a short-term unsecured and unsubordinated debt rating from S&P of “A-1”, or, if such entity does not have a short-term unsecured and unsubordinated debt rating from S&P, a long-term unsecured and unsubordinated debt rating or counterparty rating from S&P of “A+”.

  • Approved Transaction means any transaction in which the Board (or, if approval of the Board is not required as a matter of law, the stockholders of the Company) shall approve (i) any consolidation or merger of the Company, or binding share exchange, pursuant to which shares of Common Stock of the Company would be changed or converted into or exchanged for cash, securities, or other property, other than any such transaction in which the common stockholders of the Company immediately prior to such transaction have the same proportionate ownership of the Common Stock of, and voting power with respect to, the surviving corporation immediately after such transaction, (ii) any merger, consolidation or binding share exchange to which the Company is a party as a result of which the Persons who are common stockholders of the Company immediately prior thereto have less than a majority of the combined voting power of the outstanding capital stock of the Company ordinarily (and apart from the rights accruing under special circumstances) having the right to vote in the election of directors immediately following such merger, consolidation or binding share exchange, (iii) the adoption of any plan or proposal for the liquidation or dissolution of the Company, or (iv) any sale, lease, exchange or other transfer (in one transaction or a series of related transactions) of all, or substantially all, of the assets of the Company.

  • annual return means the return required to be made in the case of a company having a share capital, under section 132 and in the case of a company not having a share capital, under section 133;

  • Roll-Up Transaction means a transaction involving the acquisition, merger, conversion or consolidation either directly or indirectly of the Company and the issuance of securities of a Roll-Up Entity to the holders of Common Shares. Such term does not include:

  • Approved Ratings Threshold means each of the S&P Approved Ratings Threshold and the Moody’s First Trigger Ratings Threshold.

  • Incremental Rights-Eligible Required Transmission Enhancements means Regional Facilities and Necessary Lower Voltage Facilities or Lower Voltage Facilities (as defined in Tariff, Schedule 12) and meet one of the following criteria: (1) cost responsibility is assigned to non-contiguous Zones that are not directly electrically connected; or (2) cost responsibility is assigned to Merchant Transmission Providers that are Responsible Customers.

  • SOFR Benchmark Transition Event means the occurrence of a Benchmark Transition Event with respect to the then-current Benchmark;

  • Required Transaction means any transaction involving a Swap that is subject to the trade execution requirement of Section 2(h)(8) of the Act.

  • Rental Return Date means the return date listed on the car rental agreement.

  • SOFR Benchmark Replacement Date means the Benchmark Replacement Date with respect to the then-current Benchmark;

  • Bundled transaction means the purchase of 2 or more distinct and identifiable products, except real property and services to real property, where the products are sold for a single nonitemized price. A bundled transaction does not include the sale of any products in which the sales price varies, or is negotiable, based on the selection by the purchaser of the products included in the transaction. As used in this subdivision:

  • FICASH III Transaction means a repurchase transaction in which the Repurchase Date is the Banking Day next following the Sale Date and for which securities issued by the government of the United States of America that are direct obligations of the government of the United States of America shall constitute Eligible Securities.

  • Total Open-End Mutual Fund Average Net Assets means the average of all of the determinations of the aggregate net assets of all open-end funds sponsored by Xxxxxx Management (excluding the net assets of such funds investing in, or invested in by, other such funds, such as Xxxxxx RetirementReady® Funds and Xxxxxx Money Market Liquidity Fund, to the extent necessary to avoid "double-counting" of such net assets) at the close of business on each business day during each month while the Management Contract is in effect.

  • Moody’s First Trigger Ratings Threshold means, with respect to Party A, the guarantor under an Eligible Guarantee or an Eligible Replacement, (i) if such entity has a short-term unsecured and unsubordinated debt rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A2” and a short-term unsecured and unsubordinated debt rating from Moody’s of “Prime-1”, or (ii) if such entity does not have a short-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A1”.

  • Package Transaction means a transaction involving two or more instruments:

  • S&P Required Ratings Threshold means, with respect to Party A, the guarantor under an Eligible Guarantee or an Eligible Replacement, a long-term unsecured and unsubordinated debt rating from S&P of “BBB+”.

  • FICASH II Transaction means a repurchase transaction in which the Repurchase Date is the Banking Day next following the Sale Date and for which one or more of the following two categories of securities, as specified by the Funds, shall constitute Eligible Securities: (x) securities issued by the government of the United States of America that are direct obligations of the government of the United States of America, or (y) securities issued by or guaranteed as to principal and interest by the government of the United States of America, or by its agencies and/or instrumentalities, including, but not limited to, the Federal Home Loan Bank, Federal Home Loan Mortgage Corp., Government National Mortgage Association, Federal National Mortgage Association, Federal Farm Credit Bank, Federal Intermediate Credit Bank, Banks for Cooperatives, and Federal Land Banks.

  • Senior Target Amount With respect to each Distribution Date, an amount equal to the lesser of (a) the product of (i) 77.30% and (ii) the Aggregate Loan Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (i) the Aggregate Loan Balance for such Distribution Date determined as of the last day of the Collection Period exceeds (ii) 0.50% of the Cut-off Date Balance.

  • Terminating Capital Transaction means any sale or other disposition of all or substantially all of the assets of the Partnership or a related series of transactions that, taken together, result in the sale or other disposition of all or substantially all of the assets of the Partnership.

  • Current Return means the minimum fair combined rate of return on common equity required for

  • First Tier Covered Transactions refers to any covered transaction between a grantee or subgrantee of Federal funds and a participant (such as the prime or general contract). “Lower Tier Covered Transactions” refers to any covered transaction under a First Tier Covered Transaction (such as subcontracts). “First Tier Participant” refers to the participant who has entered into a covered transaction with a grantee or subgrantee of Federal funds (such as the prime or general contractor). “Lower Tier Participant” refers any participant who has entered into a covered transaction with a First Tier Participant or other Lower Tier Participants (such as subcontractors and suppliers).

  • ECB Recommended Rate Index Cessation Event means the occurrence of one or more of the following events, as determined by the Issuer and notified by the Issuer to the Calculation Agent:

  • Credit Available for Virtual Transactions means the Market Participant’s Working Credit Limit for Virtual Transactions calculated on its credit provided in compliance with its Peak Market Activity requirement plus available credit submitted above that amount, less any unpaid billed and unbilled amounts owed to PJMSettlement, plus any unpaid unbilled amounts owed by PJMSettlement to the Market Participant, less any applicable credit required for Minimum Participation Requirements, FTRs, RPM activity, or other credit requirement determinants as defined in Tariff, Attachment Q.

  • ECB Recommended Rate Index Cessation Effective Date means, in respect of an ECB Recommended Rate Index Cessation Event, the first date on which the ECB Recommended Rate is no longer provided, as determined by the Issuer and notified by the Issuer to the Calculation Agent;