Initial Swap Counterparty definition

Initial Swap Counterparty means [ ], as the swap counterparty under the Initial Interest Rate Swap Agreement.]

Initial Swap Counterparty means HSBC Bank USA, National Association, as the swap counterparty under the Initial Interest Rate Swap Agreement.

Initial Swap Counterparty means, Barclays Bank PLC, as Party A under the Initial Interest Rate Swap Agreement.

Examples of Initial Swap Counterparty in a sentence

• All references in these Conditions to “Swap Counterparty” shall be construed as references to the Initial Swap Counterparty or, following any replacement in accordance with this Condition 5(e), the relevant Replacement Swap Counterparty.

• On the Closing Date, the Issuing Entity shall enter into the Initial Interest Rate Swap Agreement with the Initial Swap Counterparty.

• Following such calculation the Calculation Agent shall notify the Issuer, the Trustee, the Agents, the Initial Swap Counterparty and the Replacement Swap Counterparty of the amount of any Replacement Costs and shall specify whether such Replacement Costs are payable by (a) the Securityholders to the Initial Swap Counterparty or (b) the Initial Swap Counterparty to the Replacement Swap Counterparty and the Issuer shall procure that a copy of such notice is provided to the Securityholders.

• If such Early Termination Amount would have been payable by the Issuer to the Initial Swap Counterparty, then Securityholders shall pay an amount equal to such Replacement Costs in freely transferable funds to the account of the Initial Swap Counterparty specified in the Swap Agreement within five Business Days (or such other number of days as may bespecified in the applicable Alternative Drawdown Document) of the Replacement Costs Calculation Date.

• If such Early Termination Amount would have been payable by the Initial Swap Counterparty to the Issuer, then the Replacement Costs shall be payable by the Initial Swap Counterparty to the Replacement Swap Counterparty on the fifth Business Day following the Replacement Costs Calculation Date (or such other date as may be specified in the applicable Alternative Drawdown Document).

More Definitions of Initial Swap Counterparty

Initial Swap Counterparty means Wachovia Bank, National Association, as the swap counterparty under the Initial Interest Rate Swap Agreement.

Initial Swap Counterparty means Deutsche Bank AG, New York Branch, as the swap counterparty under the Initial Interest Rate Swap Agreement.

Initial Swap Counterparty means, Mxxxxxx Lxxxx Capital Services, Inc., as Party A under the Initial Interest Rate Swap Agreement.

Initial Swap Counterparty means Banco Santander, S.A., as the swap counterparty under the Initial Interest Rate Swap Agreement.

Initial Swap Counterparty means, HSBC Bank USA, National Association, as the swap counterparty under the Initial Interest Rate Swap Agreement.

Initial Swap Counterparty means Bank of America, N.A., as the swap counterparty under the Initial Interest Rate Swap Agreement.

Initial Swap Counterparty means, Merrill Lynch Capital Services, Inc., as Party A under the Initial Interest Rate Swap Agreement.