Examples of Permitted Swap Agreement in a sentence

Enter into any Hedge Agreement other than a Permitted Swap Agreement; provided that, no such agreement may be entered into unless and until the Borrower and Administrative Agent have agreed on a methodology in which to ascribe value to the payments proposed to be made under any such agreement.
The obligations of the Borrower to each counterparty to a Permitted Swap Agreement under such Permitted Swap Agreement shall be secured pari passu with the Loans pursuant to the Security Documents.
Enter into any Hedging Agreement other than a Permitted Swap Agreement.
To the extent required pursuant to the terms of a Permitted Swap Agreement, Borrower shall pay all termination amounts owed by Borrower and all costs, fees and expenses incurred by Borrower in connection with any unwinding or termination of any Hedge Transactions thereunder (“Hedge Breaking Fees”), all to the extent provided in and as calculated pursuant to the applicable Permitted Swap Agreements.
The parties hereby acknowledge and agree that amendments and modifications to this Agreement and the other Financing Documents will be required in connection with the execution and delivery of a Permitted Swap Agreement and that such amendments and modifications must be in form, structure and substance acceptable to the Administrative Agent and Majority Lenders.

More Definitions of Permitted Swap Agreement

Permitted Swap Agreement means any Swap Agreement entered into by any Existing Grantor with any Hedge Bank.

Permitted Swap Agreement means any Interest Rate Protection Agreement between the Borrower and any Lender that is an Acceptable Bank entered into in accordance with the terms of Section 8.15; provided, that, such Interest Rate Protection Agreement shall not rank greater than pari passu with this Agreement.

Permitted Swap Agreement means (i) any Swap Agreement related to incentive stock, stock options, phantom stock or similar agreements entered into with current or former directors, officers, employees or consultants of the Borrower or the Subsidiaries, (ii) any stock option or warrant agreement for the purchase of Equity Interests of the Borrower, (iii) any Swap Agreement for the purchase of Equity Interests or Indebtedness (including securities convertible into Equity Interests) of the Borrower pursuant to delayed delivery contracts, (iv) any Permitted Bond Hedge, (v) any Swap Agreement to repurchase or redeem Equity Interests permitted pursuant to Section 6.06(e) and (vi) any of the foregoing to the extent it constitutes a derivative embedded in a convertible security issued by the Borrower, which in the case of each of the foregoing (except to the extent that a Permitted Bond Hedge may so qualify) has not be been entered into for speculative purposes.

Permitted Swap Agreement of any Person means any Swap Agreement entered into for bona fide hedging purposes and not for speculation.

Permitted Swap Agreement means the Amendment dated March 30, 2001 to ISDA Master Agreement and Schedule dated March 3, 2000 between the Company and Bank of America, N.A. or any replacement interest rate swap on substantially the same terms, provided that (a) such facility is entered into for purposes of hedging against (not speculating in) fluctuations in interest rates and (b) the notional amount thereof is not more than $75,000,000.

Permitted Swap Agreement shall have the meaning assigned to such term in the definition of “Secured Obligations.”