Notional Swap Transaction definition

Notional Swap Transaction means a hypothetical interest rate exchange transaction, the economic terms of which are set forth on Exhibit C to the Loan Agreement, governed by the terms of the Swap Form.
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Notional Swap Transaction means, a hypothetical swap transaction notionally entered into on the Issue Date with a termination date of (i) if there is no Extended Maturity Date, the Scheduled Maturity Date and (ii) if there is an Extended Maturity Date, the then current Extended Maturity Date, under which:
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Notional Swap Transaction means a hypothetical swap transaction notionally entered into on the Issue Date with a termination date of the Maturity Date of the Notes, under which:
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Examples of Notional Swap Transaction in a sentence

  • Each Lender agrees to provide its quotation of a Fixed Rate in accordance with market practice based upon the Notional Swap Transaction and as though such Lender were the floating rate payor thereunder.

  • Unless otherwise defined or expressly provided in this Series Memorandum, terms and expressions used herein will have the meanings given to them in the Credit Derivatives Definitions, as amended by the Standard Terms from time to time, provided that where the context otherwise requires in respect of a Notional Swap Transaction, the applicable Standard Terms shall be those terms that were relevant to the Notional Swap Transaction when it was first added to the CDS Portfolio.

  • The Portfolio Guidelines and related discretions and obligations of the Portfolio Manager permit or, as applicable, require the Portfolio Manager to change the types of Notional Swap Transactions (being the Notional Swap Transaction Groups) comprised in the CDS Portfolio by the addition or, as applicable, removal of Notional Swap Transactions to or from the CDS Portfolio (see under paragraph (b) below entitled "Portfolio Manager's discretion and the Portfolio Guidelines").

  • Upon the occurrence of a Leverage Event, the Floating Rate Payer Calculation Amount of each Notional Swap Transaction shall be deemed to be increased on a pro rata basis, reflecting the change in the Target Exposure resulting from such Leverage Event, solely for the purposes of determining the Moody's Metric applicable following such Leverage Event.

  • In respect of each Notional Swap Transaction, the Fixed Rate shall equal the applicable Addition Quote (expressed as a rate per annum) for transactions on the terms of the relevant Notional Swap Transaction.

  • During the Ramp-Up Period, the Portfolio Manager shall take steps to ramp-up the CDS Portfolio by the addition of Notional Swap Transactions to the CDS Portfolio in accordance with the Leverage Event provisions relating to the Initial Leverage such that each Notional Swap Transaction Group in the table describing the Initial Reference Portfolio set out in Annex 3 to this Series Memorandum shall be comprised in the CDS Portfolio as of the Initial Leverage Date.

  • The Scheduled Termination Date shall be determined by the Portfolio Manager by reference to the prevailing market practice on the Trade Date for transactions on the relevant Standard Terms, provided that the relevant Notional Swap Transaction shall have a scheduled tenor of approximately 3, 5 or 7 years as required in order to satisfy the Table Guideline.

  • The Transaction Type shall be as specified in the Addition Notice relating to the Notional Swap Transaction Group applicable to the relevant Reference Entity, except in the case of error on the part of the Portfolio Manager in the preparation of such Addition Notice.

  • Upon the occurrence of a Leverage Event or a Deleverage Event, the aggregate notional exposure of each Notional Swap Transaction Group will be adjusted to comply with the revised Target Exposure such that the overall CDS Portfolio reflects the relative change in the Cushion that would be achieved by a pro rata adjustment to each Notional Swap Transaction Group.

  • A portfolio (the "CDS Portfolio") of certain notional positions under single name credit default swap transactions with bespoke cash settlement terms (each a "Notional Swap Transaction" and together the "Notional Swap Transactions") which are denominated in EUR.

Related to Notional Swap Transaction

  • Swap Transaction means the swap transaction with an effective date of 8 June 2015 entered into between the Issuer and the Counterparty pursuant to a 2002 ISDA Master Agreement and Schedule thereto (in the form of the Swap Schedule Terms Module, July 2014 Edition) dated as of 19 May 2015 (the “Master Agreement”) as supplemented by a swap transaction confirmation with an effective date of 8 June 2015, in the form set out in Annex I hereto as amended and/or restated from time to time (the "Swap Transaction Confirmation").

  • 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:

  • Floating Swap Payment With respect to any Distribution Date, a floating amount equal to the product of (i) Swap LIBOR, (ii) the related Base Calculation Amount (as defined in the Interest Rate Swap Agreement), (iii) 250 and (iv) a fraction, the numerator of which is the actual number of days elapsed from and including the previous Floating Rate Payer Payment Date (as defined in the Interest Rate Swap Agreement) to but excluding the current Floating Rate Payer Payment (or, for the first Floating Rate Payer Payment Date, the actual number of days elapsed from the Closing Date to but excluding the first Floating Rate Payer Payment Date), and the denominator of which is 360.

  • Fixed Swap Payment With respect to any Distribution Date, a fixed amount equal to the related amount set forth in the Interest Rate 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.

  • Currency Swap Agreement means any currency swap agreement, including all schedules and confirmations thereto, entered into by the Issuer and the Currency Swap Counterparty, as the same may be amended, supplemented, renewed, extended or replaced from time to time.

  • Mid-Swap Floating Leg Benchmark Rate means EURIBOR (if the Specified Currency is euro), LIBOR for the Specified Currency (if the Specified Currency is U.S. dollars, Pounds Sterling or Swiss Francs), CIBOR (if the Specified Currency is Danish Kroner), NIBOR (if the Specified Currency is Norwegian Kroner), STIBOR (if the Specified Currency is Swedish Kronor) or (in the case of any other Specified Currency) the benchmark rate most closely connected with such Specified Currency and selected by the Calculation Agent in its discretion after consultation with the Issuer;

  • Derivative Transaction means any agreement, arrangement, interest or understanding entered into by, or on behalf or for the benefit of, any Proposing Shareholder or any of its affiliates or associates, whether of record or beneficial: (1) the value of which is derived in whole or in part from the value of any class or series of shares or other securities of the Company, (2) which otherwise provides any direct or indirect opportunity to gain or share in any gain derived from a change in the value of securities of the Company, (3) the effect or intent of which is to mitigate loss, manage risk or benefit of security value or price changes, or (4) which provides the right to vote or increase or decrease the voting power of, such Proposing Shareholder, or any of its affiliates or associates, with respect to any shares or other securities of the Company, which agreement, arrangement, interest or understanding may include, without limitation, any option, warrant, debt position, note, bond, convertible security, swap, stock appreciation right, short position, profit interest, hedge, right to dividends, voting agreement, performance-related fee or arrangement to borrow or lend shares (whether or not subject to payment, settlement, exercise or conversion in any such class or series), and any proportionate interest of such Proposing Shareholder in the securities of the Company held by any general or limited partnership, or any limited liability company, of which such Proposing Shareholder is, directly or indirectly, a general partner or managing member.

  • Derivative Transactions means any swap transaction, option, warrant, forward purchase or sale transaction, futures transaction, cap transaction, floor transaction or collar transaction relating to one or more currencies, commodities, bonds, equity securities, loans, interest rates, prices, values, or other financial or non-financial assets, credit-related events or conditions or any indexes, or any other similar transaction or combination of any of these transactions, including any collateralized debt or equity instruments evidencing or embedding any such types of transactions, and any related credit support, collateral or other similar arrangements related to such transactions.

  • Option Exchange Ratio means the quotient of (i) the Common Per Share Consideration divided by (ii) the Acquirer Stock Price.

  • Class A-S Pass-Through Rate For any Distribution Date, a per annum rate equal to 3.4150%.

  • Derivative Contract means (a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index transactions, repurchase transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master Agreement, or any other master agreement, including any such obligations or liabilities under any such master agreement.

  • 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.

  • 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.

  • Class A-AB Pass-Through Rate With respect to any Distribution Date, a per annum rate equal to 3.313%.

  • FX Transaction means any transaction for the purchase by one party of an agreed amount in one Currency against the sale by it to the other party of an agreed amount in another Currency.

  • Class A Non-PO Principal Distribution Amount As to any Distribution Date, the aggregate amount distributed in respect of the Class A Certificates pursuant to Paragraph third clause (A) of Section 4.01(a).

  • Viatical settlement contract or “contract” means a written agreement entered into between a provider and a viator in which the provider will pay consideration that is less than the expected death benefit of the viator's policy in return for the viator's assignment, transfer, sale, devise, or bequest of the death benefit or ownership of the policy to the provider.

  • Fitch Credit Support Amount means, for any Valuation Date, the excess, if any, of:

  • Class C Required Amount means with respect to any Payment Date, an amount equal to the excess of the amount described in Section 4.4(a)(v) over Available Finance Charge Collections applied to pay such amount pursuant to Section 4.4(a).

  • Interest Rate Swap Agreement means the agreement(s) (including any further replacement agreements) entered into between the Guarantor LP and the Interest Rate Swap Provider(s) in the form of an ISDA Master Agreement, as the same may be amended, varied, supplemented, restated or extended from time to time, including a schedule and confirmations in relation to each Tranche or Series of Covered Bonds;

  • Factoring Transaction means any transaction or series of transactions that may be entered into by the Issuer or any Restricted Subsidiary pursuant to which the Issuer or such Restricted Subsidiary may sell, convey, assign or otherwise transfer Receivables Assets (which may include a backup or precautionary grant of security interest in such Receivables Assets so sold, conveyed, assigned or otherwise transferred or purported to be so sold, conveyed, assigned or otherwise transferred) to any Person that is not a Restricted Subsidiary; provided that any such Person that is a Subsidiary meets the qualifications in clauses (1) through (3) of the definition of “Receivables Subsidiary.”

  • Class A Fixed Pass-Through Rate As to any Distribution Date, the rate per annum set forth in Section 11.01.

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

  • Structured settlement agreement means the agreement, judgment, stipulation, or release embodying the terms of a structured settlement.

  • Daily Settlement Amount for each of the 40 consecutive Trading Days during the Observation Period, shall consist of: