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

  • U means the sum of the aggregate amount of interest payable in respect of all Series of Covered Bonds from the relevant date up to and including the relevant Maturity Date [minus any amount of interest to be received under a Portfolio Swap Agreement in connection with a Series of Covered Bonds].

  • For Portfolio Swaps this includes all Trade Activity within each Portfolio Swap Agreement.

  • The occurrence of certain legislative, regulatory or judicial action which makes it unlawful for the Issuer, the Portfolio Swap Counterparty or the Portfolio Swap Guarantor to comply with any material provision of the Portfolio Swap Agreement (including any payment obligation) will constitute a termination event (a “Portfolio Swap Termination Event”) under the Portfolio Swap Agreement with respect to such party (which will be the “Affected Party”).

  • The purchaser acknowledges that 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.

  • 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.

  • The maximum duration of the Joint Project is set by the research funding organization which allows the shortest project duration.

  • If a Portfolio Swap Event of Default or a Portfolio Swap Termination Event occurs in which the Portfolio Swap Counterparty is the Defaulting Party or the sole “Affected Party,” the Trustee will designate as an “Early Termination Date” the earliest date following the Trustee’s receipt of actual knowledge thereof on which the Portfolio Swap Agreement can practicably be terminated.

  • In the event an Optional Call Date occurs prior to the third anniversary of the Closing Date, the Issuer will be required to pay the Make-Whole Premium to the Portfolio Swap Counterparty pursuant to the terms of the Portfolio Swap Agreement.

  • LBSF’s obligations to the Issuer under the Portfolio Swap Agreement will be unconditionally guaranteed by Lehman Brothers Holdings Inc.

  • 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.

Related to Portfolio 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 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.

  • 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 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 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.

  • Hedge Agreement means any (a) hedge agreement, interest rate swap, cap, collar or floor agreement, or other interest rate management device entered into by a Company with any Person in connection with any Indebtedness of such Company, or (b) currency swap agreement, forward currency purchase agreement or similar arrangement or agreement designed to protect against fluctuations in currency exchange rates entered into by a Company.

  • Permitted Asset Swap means the concurrent purchase and sale or exchange of Related Business Assets or a combination of Related Business Assets and cash or Cash Equivalents between Holdings or a Restricted Subsidiary and another Person; provided that any cash or Cash Equivalents received must be applied in accordance with Section 10.4.

  • 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.