Interest Swap Agreement definition

Interest Swap Agreement means an interest rate swap, cap or collar agreement or similar arrangement among the Company and/or any Restricted Subsidiary and one or more banks or financial institutions providing for protection against fluctuations in interest rates or the exchange of nominal interest obligations among the Company and/or such Restricted Subsidiary and such banks or financial institutions, either generally or under specific contingencies, as said agreement or arrangement shall be modified and supplemented and in effect from time to time.
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Interest Swap Agreement means a 1992 (Multicurrency-Cross Border) or 2002 ISDA Master Agreement together with the relevant schedule, confirmation(s) and, if applicable, credit support annex entered into between an interest swap counterparty, the CBC and the Security Trustee.
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Interest Swap Agreement means an interest rate swap, cap or collar agreement or similar arrangement among any Obligor and/or any Subsidiary of any Obligor and one or more banks or financial institutions providing for protection against fluctuations in interest rates or the exchange of nominal interest obligations among such Obligor and/or such Subsidiary and such banks or financial institutions, either generally or under specific contingencies, as said agreement or arrangement shall be modified and supplemented and in effect from time to time.
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Examples of Interest Swap Agreement in a sentence

  • Each Interest Swap Agreement will be documented under an ISDA Master Agreement.

  • Each Interest Swap Agreement may be terminated in accordance with Events of Default and Termination Events (each as defined in the relevant ISDA Master Agreement) commonly found in standard ISDA documentation.

  • They focus on local groups, organizations, and associations generally defined as Commu nity-BasedOrganization (CBOs), which are recognized and driven by the community.

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  • The Interest Swap Agreement will be terminable by one party if (i) an applicable Event of Default or Termination Event (as defined therein) occurs in relation to the other party, (ii) it becomes unlawful for either party to perform its obligations under the Interest Swap Agreement or (iii) an Enforcement Notice is served.

  • The amount of any termination payment will be based on the market value of the relevant terminated Interest Swap Agreement.

  • Receivables, if any, under the terms of the Interest Swap Agreement.

  • Each Interest Swap Agreement will be terminable by one party if (i) an applicable Event of Default or Termination Event (as defined therein) occurs in relation to the other party, (ii) it becomes unlawful for either party to perform its obligations under the relevant Interest Swap Agreement or (iii) an Enforcement Notice is served.

  • Swap Collateral Accounts: If an Interest Swap Agreement and/or Structured Swap Agreement and/or aPortfolio Swap Agreement has been entered into and swap collateral is to be posted, the CBC will open a Swap Cash Collateral Account to hold swap collateral in the form of cash and/or, to the extent applicable, will open a custody account to hold swap collateral in the form of securities.

  • Upon the early termination of an Interest Swap Agreement, the Issuer or the Interest Swap Counterparty may be liable to make a termination payment to the other party.


More Definitions of Interest Swap Agreement

Interest Swap Agreement means an agreement between the County and a Counterparty under which the County is obligated to make periodic payments on a “notional amount” to the Counterparty at a fixed rate of interest and the Counterparty is obligated to make periodic payments to the County on such “notional amount” at a variable rate of interest, or vice-versa, and under which the amounts so payable by the County and such Counterparty on any date are netted against each other with the party owing the larger amount making a net payment to the other party.
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Interest Swap Agreement means an interest rate swap, cap or collar agreement or similar arrangement among the Company, any Restricted Subsidiary and/or any New York/New Jersey Company and one or more banks or financial institutions providing for protection against fluctuations in interest rates or the exchange of nominal interest obligations among the Company, such Restricted Subsidiary and/or such New York/New Jersey Company and such banks or financial institutions, either generally or under specific contingencies, as said agreement or arrangement shall be modified and supplemented and in effect from time to time.
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Interest Swap Agreement means any interest rate swap or other agreement having a similar purpose or effect (including so-called "swaptions") providing for the exchange of notional interest obligations. "Investment" by the Borrowers shall mean any investment in any Person whether by means of share purchase, loan, advance, extension of credit, Guarantee, capital contribution or otherwise. "Leases" shall mean leases and subleases (other than any leases or subleases the obligation to pay rent or other amounts under which is a Capital Lease Obligation), licenses, easements, grants, pole attachment and conduit or trench agreements and other attachment rights and similar instruments under which any of the Borrowers has the right to use real or personal property or rights of way. "LIBOR Loans" shall mean Loans the interest rates on which are determined on the basis of rates referred to in clause (a) of the definition of "Fixed Base Rate" in this Section 1.1. "Lien" shall mean any mortgage, deed of trust, pledge, security interest, encumbrance, lien or charge of any kind (including any agreement to give any of the foregoing, any conditional sale or other title retention agreement, any lease in the nature thereof and the filing of or agreement to give any financing statement under the Uniform Commercial Code of any jurisdiction). "Loan Documents" shall mean the Notes, the Security Documents and the Fee Subordination Agreement. "Loan Party" shall mean any Person (other than a Bank, or an Agent) which is a party to a Loan Document. "Loans" shall mean the loans provided for by Section 2.1 hereof. "London Banking Days" means any day on which dealings in deposits in Dollars are transacted in the London interbank market. "Majority Banks" shall mean, (a) if no Loans are outstanding at any time prior to the Tranche A Loan Commitment Termination Date, Banks holding 66 2/3% of the aggregate
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Interest Swap Agreement means, with respect to a class of Reset Rate Notes that is denominated in U.S. Dollars and (i) bears a fixed rate of interest, or (ii) bears interest based on an index other than LIBOR or a U.S. Commercial Paper Rate, any Swap Agreement between the Trust and an Eligible Swap Counterparty, to hedge the basis risk during the related Reset Period.
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Interest Swap Agreement means a 1992 (Multicurrency Cross Border) or 2002 ISDA Master Agreement together with the relevant schedule, confirmation(s) and, if applicable, credit support annex entered into between a Swap Counterparty, the CBC and the Security Trustee;
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Related to Interest Swap Agreement

  • Swap Agreement means any agreement with respect to any swap, forward, future or derivative transaction or option or similar agreement involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic, financial or pricing risk or value or any similar transaction or any combination of these transactions; provided that no phantom stock or similar plan providing for payments only on account of services provided by current or former directors, officers, employees or consultants of the Borrower or the Subsidiaries shall be a Swap Agreement.

  • Specified Swap Agreement any Swap Agreement entered into by the Borrower and any Qualified Counterparty (or any Person who was a Qualified Counterparty as of the Closing Date or as of the date such Swap Agreement was entered into) in respect of interest rates to the extent permitted under Section 7.13.

  • Swap Agreements means, collectively, each Asset Swap Agreement, Liability Swap Agreement and any other swap agreement that may be entered into in connection with the Programme;

  • Swap Agreement Obligations means any and all obligations of the Loan Parties and their Subsidiaries, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor), under (a) any Swap Agreement permitted hereunder with a Lender or an Affiliate of a Lender, and (b) any cancellations, buy backs, reversals, terminations or assignments of any Swap Agreement transaction permitted hereunder with a Lender or an Affiliate of a Lender.

  • Interest Swap Obligations means the obligations of any Person pursuant to any arrangement with any other Person, whereby, directly or indirectly, such Person is entitled to receive from time to time periodic payments calculated by applying either a floating or a fixed rate of interest on a stated notional amount in exchange for periodic payments made by such other Person calculated by applying a fixed or a floating rate of interest on the same notional amount and shall include, without limitation, interest rate swaps, caps, floors, collars and similar agreements.

  • Net Swap Payment With respect to each Distribution Date, the net payment required to be made pursuant to the terms of the Swap Agreement by either the Swap Provider or the Swap Administrator, which net payment shall not take into account any Swap Termination Payment.

  • Interest Rate Swap means any interest rate swap transaction entered into pursuant to the Agreement between Party A and Party B as evidenced by a Confirmation;

  • Interest Rate Agreement means with respect to any Person any interest rate protection agreement, interest rate future agreement, interest rate option agreement, interest rate swap agreement, interest rate cap agreement, interest rate collar agreement, interest rate hedge agreement or other similar agreement or arrangement as to which such Person is party or a beneficiary.

  • Interest Rate Hedge means an interest rate exchange, collar, cap, swap, floor, adjustable strike cap, adjustable strike corridor, cross-currency swap or similar agreements entered into by any Loan Party in order to provide protection to, or minimize the impact upon, such Loan Party of increasing floating rates of interest applicable to Indebtedness.

  • Interest Rate Contracts means all interest rate swap agreements, interest rate cap agreements, interest rate collar agreements and interest rate insurance.