Permitted Swap Agreement definition

Permitted Swap Agreement means a Swap Agreement to which any Debtor is a counterparty that is permitted pursuant to Section 6.06 of the Credit Agreement.

Permitted Swap Agreement means any Swap Agreement entered into in order to effectively cap, collar or exchange interest or foreign exchange rates with respect to any liability or investment of the Parent, the Borrower or any of the Operating Utilities.

Permitted Swap Agreement means any Swap Agreement permitted by Section 6.13 that is entered into by the Borrower or any Restricted Subsidiary.

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.

• The Company has no reason to believe that it will not be able (i) to renew its existing insurance coverage as and when such policies expire or (ii) to obtain comparable coverage from similar institutions as may be necessary or appropriate to conduct its business as now conducted and at a cost that would not be expected to result in a Material Adverse Change.

• 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.

More Definitions of Permitted Swap Agreement

Permitted Swap Agreement means an Interest Rate Protection Agreement between the Borrower and a Permitted Swap Provider.

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

Permitted Swap Agreement means a Swap Agreement (i) provided in those certain master swap agreements on International Swap Dealers Association forms and the schedules thereto and any confirmations thereunder which Borrowers enter into with counterparties acceptable to Lender, as evidenced by Lender's prior written approval (which will not be unreasonably withheld or delayed) and (ii) on terms reasonably satisfactory to Lender.

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 (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. “Person” means any individual, corporation, partnership, limited liability company, joint venture, association, joint stock company, trust,