Interest Rate Swap Agreements definition

Interest Rate Swap Agreements means interest rate swap, cap or collar agreements, interest rate future or option contracts and other similar agreements other than contracts or agreements under which neither any Loan Party nor any of its Subsidiaries has any obligation that may require payment in the future.

Interest Rate Swap Agreements or “Interest Rate Swap Agreement” means the Class A-4b Swap Agreement.]

Interest Rate Swap Agreements means the interest rate swap agreement relating to the Class A-2 Interest Rate Swap and the interest rate swap agreement relating to the Class A-3 Interest Rate Swap, including all schedules and confirmations thereto, between the Issuer and the related Swap Counterparty, as the same may be amended, supplemented, renewed, extended or replaced from time to time, which agreements provide for payments on notional amounts equal to the outstanding principal balance of either the Class A-2 Notes or Class A-3 Notes, as the case may be. Each Interest Rate Swap Agreement shall provide that a termination event will occur thereunder if (a) the long-term rating of the Swap Counterparty is downgraded below a rating of "A2" by Moody's or "A" by Fitch, or is suspended or withdrawn by either Rating Agency, (b) the short-term rating of the Swap Counterparty is downgraded below a rating of "A-1" by S&P or "F-1" by Fitch, or is suspended or withdrawn by either Rating Agency, or (c) notice is given to the Indenture Trustee or Administrator by any Rating Agency that the credit support, if any, with respect to the Swap Counterparty is no longer deemed adequate to maintain the then-current ratings on the Class A-2 Notes or the Class A-3 Notes, as the case may be, and within 30 days of any such downgrade, suspension, withdrawal or notification, the Swap Counterparty fails to (i) in the case of a downgrade by Moody's or Fitch, deliver or post collateral acceptable to the Issuer in amounts sufficient to secure its obligations under such Interest Rate Swap Agreement, (ii) in the case of a downgrade by Moody's, Fitch or S&P, assign its rights and obligations under such Interest Rate Swap Agreement to a replacement counterparty acceptable to the Issuer or (iii) in the case of a downgrade by Moody's, Fitch or S&P, establish other arrangements necessary, if any, in each case so that the Rating Agencies confirm the ratings of the Notes that were in effect immediately prior to such downgrade, suspension, withdrawal or notification.

Examples of Interest Rate Swap Agreements in a sentence

• Subject to the requirements of this Section 4.8, the Issuer may from time to time enter into one or more Replacement Interest Rate Swap Agreements in the event that the Initial Interest Rate Swap Agreement is terminated due to any “Termination Event” or “Event of Default” (each as defined in the Initial Interest Rate Swap Agreement) prior to its scheduled expiration and in accordance with the terms of such Interest Rate Swap Agreement.

• The Issuer may, from time to time, enter into one or more replacement Interest Rate Swap Agreements with one or more replacement Swap Counterparties in the event that any Interest Rate Swap Agreement is terminated prior to its scheduled expiration pursuant to an Event of Default or Termination Event (each such term as defined in the Interest Rate Swap Agreements).

• The property of the Trust has been pledged to the Indenture Trustee pursuant to the Indenture to secure the payment of the Notes issued thereunder and the payments to the Swap Counterparties pursuant to the Interest Rate Swap Agreements.

• The Issuer shall take action as the Indenture Trustee may request to compel or secure the performance and observance by the Swap Counterparties of their obligations under the Interest Rate Swap Agreements, as provided in Section 5.16(b) and 5.16(d).

• The obligations and responsibilities created by the Trust Agreement and the Trust created thereby shall terminate upon the payment to the Noteholders, the Swap Counterparties and the Certificateholders of all amounts required to be paid to them pursuant to the Indenture, the Trust Agreement, the Sale and Servicing Agreement and the Interest Rate Swap Agreements, and any remaining assets of the Trust shall be distributed to the Depositor, in its capacity as Depositor.

More Definitions of Interest Rate Swap Agreements

Interest Rate Swap Agreements. The LIBOR Swap Agreement and the Federal Funds Swap Agreement.

Interest Rate Swap Agreements means (i) the interest rate swap agreements, including all schedules and confirmations thereto, between the Trust and the Swap Counterparties, as the same may be amended, supplemented, renewed, extended or replaced from time to time by one or more replacement interest rate swap agreements, which agreements in aggregate provide for payments on notional amounts equal to the outstanding principal balance of the Floating Rate Notes. Each Interest Rate Swap Agreement will provide that a termination event will occur thereunder if (a) the long-term rating of the applicable Swap Counterparty is downgraded below a rating of "Aa3" by Moody's or "AA-" by Fitch, or is suspended or withdrawn by either Rating Agency, (b) the short-term rating of a Swap Counterparty is downgraded below a rating of "P-1" by Moody's or "A-1" by S&P, or is suspended or withdrawn by such Rating Agency, or (c) notice is given to the Indenture Trustee or Administrator by any Rating Agency that the credit support, if any, with respect to a Swap Counterparty is no longer deemed adequate to maintain the then-current ratings on the Class A Notes, and within 30 days of any such downgrade, suspension, withdrawal or notification, such Swap Counterparty fails to either (i) deliver or post collateral acceptable to the Issuer in amounts sufficient to secure its obligations under the Interest Rate Swap Agreement, (ii) assign its rights and obligations under such Interest Rate Swap Agreement to a replacement counterparty acceptable to the Issuer (iii) obtain a guaranty of a Person with the required ratings or (iv) establish other arrangements necessary, if any, in each case so that the Rating Agencies confirm the ratings of the Notes that were in effect immediately prior to such downgrade, suspension, withdrawal or notification.

Interest Rate Swap Agreements means the Interest Rate Swap Agreements, each dated as of December 1, 1992, between the Borrower and AIG Financial Products Corp.

Interest Rate Swap Agreements means the interest rate swap agreement relating to the Class A-2 Interest Rate Swap, the interest rate swap agreement relating to the Class A-3 Interest Rate Swap and the interest rate swap agreement relating to the Class A-4 Interest Rate Swap, including all schedules and confirmations thereto, between the Issuer and the related Swap Counterparty, as the same may be amended, supplemented, renewed, extended or replaced from time to time, which agreements provide for payments on notional amounts equal to the outstanding principal balance of the Class A-2 Notes, the Class A-3 Notes or the Class A-4 Notes, as the case may be. Each Interest Rate Swap Agreement shall provide that a termination event will occur under the circumstances described in Section 6.14(g) herein.

Interest Rate Swap Agreements means the interest rate swap agreements entered into between the Issuer and an Interest Rate Swap Provider in relation to the Covered Bonds;

Interest Rate Swap Agreements or "Interest Rate Swap Agreement" means the Class A-3 Swap Agreement, the Class A-4 Swap Agreement, the Class B Swap Agreement and/or the Class C Swap Agreement.

Interest Rate Swap Agreements means interest rate swap, cap or collar agreements, interest rate, future or option contracts, currency swap agreements (including foreign currency swap agreements), currency future or option contracts (including foreign currency future or option contracts) and other similar agreements designed to hedge against fluctuations in interest rates or foreign exchange rates. Any indebtedness owing pursuant to an Interest Rate Swap agreement, and any amounts paid, payable or owing pursuant to an Interest Rate Swap Agreement, shall be determined as a Dollar Equivalent as of the relevant date.