Portfolio Swap Agreement definition

Portfolio 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 portfolio swap counterparty, the CBC and the Security Trustee pursuant to which a part of the interest received under the Transferred Assets is swapped for the equivalent of the interest due under one or more Series.
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Portfolio Swap Agreement means the portfolio credit swap agreement dated 7 February 2007 between the Issuer (as seller of protection) and the Swap Counterparty (asbuyer of protection), and which is referenced to the S6 Itraxx Index (as defined below) with an initial notional amount equal to the Portfolio Initial Swap Notional Amount (as defined below), with credit and valuation terms as described in these Final Terms and pursuant to which the Issuer pays all Portfolio Cash Settlement Amounts (as defined below) to the Swap Counterparty, subject to any notional amounts in the Notional Short Account.
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Examples of Portfolio Swap Agreement in a sentence

  • The Administrator shall apply amounts received by the CBC under a Swap Agreement (other than a Portfolio Swap Agreement) connected to a Series of Covered Bonds and which amounts are scheduled to be paid in the relevant CBC Payment Period, towards payments by the CBC for value on the relevant due date in respect of such Series of Covered Bonds in accordance with and subject to the terms of such Swap Agreement, the Trust Deed and this Agreement.

  • The Issuer may also be required to pay Net Unwind Proceeds (if negative) to the Portfolio Swap Counterparty in connection with the unwind of the Portfolio Swap Agreement.

  • Master Confirmation Agreement means a written agreement between two Adhering Parties that either (i) identifies itself as a Master Confirmation Agreement, Swap Master Confirmation or Portfolio Swap Agreement or (ii) otherwise contains terms that provide for the documentation of Transactions under certain common terms set forth in such written agreement.

  • Credit and Valuation Provisions: The terms below apply to each Reference Entity of both the S6 Itraxx Index and the S3 Itraxx Index unless otherwise specified and the Portfolio Swap Agreement and the Hedge Swap Agreement, as the case may be.

  • Upon the occurrence of an Additional Fixed Payment Event with respect to any of the Reference Obligations in the Reference Portfolios under the Portfolio Swap Agreement, the Portfolio Swap Counterparty will pay to the Issuer the Global Additional Fixed Amount to the extent that the Issuer has made payments in respect of previously unreimbursed Floating Amounts.

  • Obligations of the Portfolio Swap Counterparty under the Portfolio Swap Agreement will be irrevocably and unconditionally guaranteed by the Portfolio Swap Guarantor pursuant to the Portfolio Swap Guarantee.

  • The term of the Portfolio Swap Agreement commences on the Closing Date and ends on Termination Date as defined in the Portfolio Swap Agreement.

  • Civil society groups mobilized against the Roşia Montană Gold Corporation (RMGC), the company behind the project, staging public manifestations and boycotts, exposing the massive public campaign sponsored in the media by RMGC and the silencing of opinions opposing the project, as well as denouncing high levelcomplicity and lack of transparency by public institutions, including the Romanian Presidency, disregarding the environmental and cultural impact of the gold exploitation, in a pre‐electoral year.

  • The Portfolio Swap Counterparty will enter into the Portfolio Swap Agreement and exercise its rights and perform its obligations thereunder solely on its own behalf and not as agent, fiduciary or in any other capacity on behalf of the Issuer, the holders of the Notes or any other person.

  • If at any time the Portfolio Swap Counterparty does not meet the minimum ratings set forth in the Portfolio Swap Agreement, the Portfolio Swap Counterparty will post cash with the Trustee pursuant to the terms thereof (the “Portfolio Swap Posted Amount”).

Related to Portfolio Swap Agreement

  • Secured Swap Agreement means a Swap Agreement between (x) any Loan Party and (y) a Secured Swap Provider.

  • 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;

  • 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 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.

  • 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.

  • 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;

  • Eligible Swap Counterparty means an entity, which may be an affiliate of a remarketing agent, engaged in the business of entering into derivative instrument contracts that satisfies the Rating Agency Condition.

  • 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 and all Swap Agreements permitted hereunder with a Lender or an Affiliate of a Lender, and (b) any and all cancellations, buy backs, reversals, terminations or assignments of any such Swap Agreement transaction.

  • 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;

  • Secured Swap Provider means (i) a Lender or an Affiliate of a Lender (or a Person who was a Lender or an Affiliate of a Lender at the time of execution and delivery of a Rate Contract) who has entered into a Secured Rate Contract with Borrower, or (ii) a Person with whom Borrower has entered into a Secured Rate Contract provided or arranged by GE Capital or an Affiliate of GE Capital, and any assignee thereof.

  • 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.

  • Interest Rate Hedging Agreement means any interest rate protection agreement or other interest rate hedging arrangement.

  • Counterparty Downgrade Collateral Account means an interest-bearing account of the Issuer with the Custodian into which all Counterparty Downgrade Collateral is to be deposited.

  • Hedge Agreement means any interest rate, currency or commodity swap agreements, cap agreements, collar agreements, floor agreements, exchange agreements, forward contracts, option contracts or similar interest rate or currency or commodity hedging arrangements.

  • Interest Rate Hedge Agreement any interest rate swap agreement, interest rate cap, collar or other arrangement between the Borrower and a Hedge Provider, consisting of a “Master Agreement” in a form published by the International Swaps and Derivatives Association, Inc., together with a “Schedule” thereto in substantially such form as the Program Agent shall have approved, each “Confirmation” thereunder confirming the terms of each transaction thereunder and any credit support annex and schedule thereto.

  • Cap Contract Any of the Class A-1 Cap Contract, the Class A-2 Cap Contract or the Subordinate Certificates Cap Contract.

  • Interest Rate Hedging Agreements means, with respect to any Person, the obligations of such Person under (i) interest rate swap agreements, interest rate cap agreements and interest rate collar agreements and (ii) other agreements or arrangements designed to protect such Person or any of its Subsidiaries against fluctuations in interest rates.

  • Interest Rate Cap Agreement means, as applicable, an Interest Rate Cap Agreement (together with the confirmation and schedules relating thereto) in form and substance reasonably satisfactory to Lender between Borrower and an Acceptable Counterparty or a Replacement Interest Rate Cap Agreement.

  • Permitted Asset Swap means the concurrent purchase and sale or exchange of assets used or useful in a Similar Business or a combination of such assets and cash, Cash Equivalents between the Company or any of its Restricted Subsidiaries and another Person; provided that any cash or Cash Equivalents received in excess of the value of any cash or Cash Equivalents sold or exchanged must be applied in accordance with Section 3.5 hereof.

  • Securitization Transaction Any transaction involving either (1) a sale or other transfer of some or all of the Mortgage Loans directly or indirectly to an issuing entity in connection with an issuance of publicly offered or privately placed, rated or unrated mortgage-backed securities or (2) an issuance of publicly offered or privately placed, rated or unrated securities, the payments on which are determined primarily by reference to one or more portfolios of residential mortgage loans consisting, in whole or in part, of some or all of the Mortgage Loans.

  • Securitization Date means the effective date on which the Securitization of the first Note or portion thereof is consummated.

  • Cap Agreement means any interest rate cap agreement, interest rate swap agreement or other interest rate-hedging contract or agreement, in a form acceptable to Lender, obtained by Borrower from a Cap Provider as a requirement of any Loan Document or as a condition of Lender’s making the Loan.

  • Hedging Agreement Provider means any Person that enters into a Secured Hedging Agreement with a Credit Party or any of its Subsidiaries that is permitted by Section 6.1(d) to the extent such Person is a Lender, an Affiliate of a Lender or any other Person that was a Lender (or an Affiliate of a Lender) at the time it entered into the Secured Hedging Agreement but has ceased to be a Lender (or whose Affiliate has ceased to be a Lender) under the Credit Agreement.

  • Securitization Servicing Agreement means the Lead Securitization Servicing Agreement or any Non-Lead Securitization Servicing Agreement.

  • Interest Swap and Hedging Obligation means any obligation of any Person pursuant to any interest rate swap agreement, interest rate cap agreement, interest rate collar agreement, interest rate exchange agreement, currency exchange agreement or any other agreement or arrangement designed to protect against fluctuations in interest rates or currency values, including, without limitation, any arrangement whereby, directly or indirectly, such Person is entitled to receive from time to time periodic payments calculated by applying either a fixed or floating rate of interest on a stated notional amount in exchange for periodic payments made by such Person calculated by applying a fixed or floating rate of interest on the same notional amount.

  • Interest Hedge Agreement means an interest rate protection agreement that may be entered into between the Borrower and an Interest Hedge Counterparty on or after the Closing Date, for the sole purpose of hedging interest rate risk between the portfolio of Collateral Loans and the Loans, as amended from time to time in accordance with the terms thereof, with respect to which the Rating Condition is satisfied.