Interest Hedge Counterparty definition

Interest Hedge Counterparty means a counterparty meeting, at the time of entry by the Borrower into an Interest Hedge Agreement, the then-current S&P criteria for hedge counterparties (or, with respect to any counterparty not meeting such criteria at such time, any counterparty whose obligations in respect of such Interest Hedge Agreement are absolutely and unconditionally guaranteed by an Affiliate of such counterparty meeting the then-current S&P guarantee criteria at such time), together with any permitted assignee or successor (which meets the then-current S&P criteria for hedge counterparties) under such Interest Hedge Agreement with respect to which the Rating Condition is satisfied.

Interest Hedge Counterparty has the meaning assigned to such term in the definition of Designated Interest Rate Agreement.

Interest Hedge Counterparty means a counterparty meeting, at the time of entry by the Borrower into an Interest Hedge Agreement, the Hedge Counterparty Rating Criteria (or, with respect to any counterparty not meeting such Hedge Counterparty Rating Criteria at such time, any counterparty whose obligations in respect of such Interest Hedge Agreement are absolutely and unconditionally guaranteed by an Affiliate of such counterparty meeting such criteria at such time), together with any permitted assignee or successor (which meets the Hedge Counterparty Rating Criteria) under such Interest Hedge Agreement with respect to which the Rating Condition is satisfied.

Examples of Interest Hedge Counterparty in a sentence

• The Issuer shall not enter into any supplemental indenture or amendment(d) pursuant to this Section 8.2 without the prior written consent of an Interest Hedge Counterparty if such Interest Hedge Counterparty would be materially and adversely affected by such supplemental indenture or amendment and provides written notice to the Issuer, the Trustee and the Class A Loan Agent to that effect.

• Notices to Trustee, the Co-Issuers, the General Partner, the CollateralSection 14.3. Administrator, the Servicer any Interest Hedge Counterparty, the Paying Agent, Moody's, etc.

• The Trustee shall give notice to the Holders of Debt, the Servicer and Moody's if such Interest Hedge Counterparty continues to fail to perform its obligations for two Business Days following a demand made by the Trustee on such Interest Hedge Counterparty, and shall take such action with respect to such continuing failure as may be directed to be taken pursuant to Section 5.10.

• Agreement and consistent with the terms hereof, and shall apply the proceeds of any such actions (including, without limitation, the proceeds of the liquidation of any collateral pledged by the Interest Hedge Counterparty thereunder) to enter into a replacement Interest Hedge Agreement on such terms as satisfy the Rating Condition (unless such early termination is due to an additional termination event caused by an Optional Redemption).

• Each Interest Hedge Counterparty shall be required to satisfy, at the time that any Interest Hedge Agreement to which it is a party is entered into, the Hedge Counterparty Rating Criteria.

• Each Interest Rate Hedge Agreement provided by an Interest Hedge Counterparty or any other financial institution acceptable to the Required Lenders (including all actual costs, fees and expenses incurred by the Borrower in connection with any unwinding, breach or termination of any transactions thereunder) are hereby secured by the Collateral Documents, pari passu with the Loan and other Obligations.

• Collateral Interest Collections plus any payments received from any Interest Hedge Counterparty under any Interest Hedge Agreement, net of amounts payable on a Payment Date pursuant to clauses (A) through (F) above, represent "Adjusted Collateral Interest Collections" for such Payment Date.

• Promptly after the execution by the Co-Issuers, the General Partner and the(e) Trustee (or the Class A Loan Agent, as applicable) and, as applicable, the Servicer, of any supplemental indenture or amendment pursuant to this Section 8.2, the Trustee (or the Class A Loan Agent), at the expense of the Co-Issuers, shall deliver to the Holders of Debt, the Servicer, any Interest Hedge Counterparty and Moody's a copy thereof.

More Definitions of Interest Hedge Counterparty

Interest Hedge Counterparty means a counterparty meeting, at the time of entry by the Borrower into an Interest Hedge Agreement, the then- current S&P criteria for hedge counterparties (or, with respect to any counterparty not meeting such criteria at such time, any counterparty whose obligations in respect of such Interest Hedge Agreement are absolutely and unconditionally guaranteed by an Affiliate of such counterparty meeting the then-current S&P guarantee criteria at such time), together with any permitted assignee or successor (which meets the then-current S&P criteria for hedge counterparties) under such Interest Hedge Agreement with respect to which the Rating Condition is satisfied.

Interest Hedge Counterparty means a counterparty meeting, at the time of entry by the Borrower into an Interest Hedge Agreement, the then-current S&P criteria for hedge counterparties (or, with respect to any counterparty not meeting such criteria at such time, any counterparty whose obligations in respect of such Interest Hedge Agreement are absolutely and unconditionally guaranteed by an Affiliate of such counterparty meeting such criteria at such time), together with any permitted assignee or successor (which meets the then-current S&P criteria for hedge counterparties) under such Interest Hedge Agreement with respect to which the Rating Condition is satisfied.