Portfolio Swap Counterparty definition

Portfolio Swap Counterparty means any swap counterparty under any Portfolio Swap Agreement.
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Portfolio Swap Counterparty means KBC Investments Cayman Islands V, Ltd. as portfolio swap counterparty pursuant to the Portfolio Credit Swap and any successor in title thereto.
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Examples of Portfolio Swap Counterparty in a sentence

  • In acting under the Swap Agency Agreement, the Independent Confirmation Agent, the Calculation Agent and any other Swap Agents act solely as agents of the Issuer and the Portfolio Swap Counterparty and do not assume any obligations towards or relationship of agency or trust for or with any of the Noteholders.

  • Portfolio Credit Swap PremiumAs the buyer of credit protection, the Portfolio Swap Counterparty will make periodic payments of the Portfolio Credit Swap Premium to the Issuer.Portfolio Credit Swap Premium will be payable on the Closing Date and each Payment Date falling on or prior to the Cash Settlement Date on which all positive Cash Settlement Amounts payable or potentially payable pursuant to the Portfolio Credit Swap have been paid.

  • Notification of Credit Protection Valuations and Cash Settlement AmountsThe Calculation Agent will notify the Issuer, the Portfolio Swap Counterparty, the Administrator, each Rating Agency and the Note Trustee in writing of any Credit Protection Valuation determined and verified in respect of a Reference Obligation as promptly after (and in any event within three Business Days of) receipt of a Calculation Verification Report in respect thereof.

  • 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.

  • Neither the Issuer nor the Trustee may take any actions with respect to the Portfolio Swap Posted Amount (or any interest earned thereon) unless the Portfolio Swap Counterparty fails to pay to the Issuer a Fixed Amount on a Fixed Rate Payer Payment Date (such failure to make a payment by the Portfolio Swap Counterparty, a “Failure to Fund”).

  • 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.

  • The Issuer will be required to make certain payments to the Portfolio Swap Counterparty as determined by the Calculation Agent in its sole and absolute discretion in respect of any Make-Whole Premium owed in connection with an Optional Redemption.

  • 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.

  • Interest earned on the Portfolio Swap Posted Amount will, if so requested by the Portfolio Swap Counterparty, be released to the Portfolio Swap Counterparty.

  • 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.

Related to Portfolio Swap Counterparty

  • Swap Counterparty means Lender or an Affiliate of Lender, in its capacity as counterparty under any Swap Contract.

  • 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.

  • 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.

  • Cap Counterparty Not applicable.

  • Hedge Counterparty means a Lender, the Administrative Agent or any of the Lender’s or the Administrative Agent’s affiliates (at the time a hedging agreement is entered into) who has entered into a hedging agreement for the purpose of hedging interest rate liabilities and/or any exchange rate and/or commodity price risks provided it has become a party, or by execution of an additional bank secured party acknowledgment has agreed to be bound by the terms of, to the First Lien Intercreditor Agreement in its capacity as hedge counterparty.

  • Swap Provider means any Person that, at the time it enters into a Swap Agreement is a Lender or an Affiliate of a Lender, in its capacity as a party to such Swap Agreement.

  • Derivative Counterparty means any party to any Derivative Agreement other than the Issuer or the Indenture Trustee.

  • Swap Counterparty Trigger Event A Swap Counterparty Trigger Event shall have occurred if any of a Swap Default with respect to which the Swap Counterparty is a Defaulting Party, a Termination Event with respect to which the Swap Counterparty is the sole Affected Party or an Additional Termination Event with respect to which the Swap Counterparty is the sole Affected Party has occurred.

  • 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;

  • 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;

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

  • 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.

  • Eligible Counterparty means an “Eligible Counterparty” for the purposes of the Law.

  • Credit Enhancer means a financial institution, insurer or other third party which provides a Credit Enhancement or guarantee instrument acceptable to the Corporation securing repayment of the Mortgage Loan or Bonds issued pursuant to the MMRB Program.

  • Companion Loan Rating Agency Declination As defined in the definition of “Companion Loan Rating Agency Confirmation” in this 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.

  • Companion Loan Rating Agency With respect to any Serviced Companion Loan, any rating agency that was engaged by a participant in the securitization of such Serviced Companion Loan to assign a rating to the related Serviced Companion Loan Securities.

  • Companion Loan Rating Agency Confirmation With respect to any matter involving the servicing and administration of a Serviced Companion Loan or any related REO Property as to which any Serviced Companion Loan Securities exist, confirmation in writing (which may be in electronic form) by each applicable Companion Loan Rating Agency that a proposed action, failure to act or other event so specified will not, in and of itself, result in the downgrade, withdrawal or qualification of the then-current rating assigned to any class of such Serviced Companion Loan Securities (if then rated by the Companion Loan Rating Agency); provided that upon receipt of a written waiver or other acknowledgment from the Companion Loan Rating Agency indicating its decision not to review or declining to review the matter for which the Companion Loan Rating Agency Confirmation is sought (such written notice, a “Companion Loan Rating Agency Declination”), or as otherwise provided in Section 3.30 of this Agreement, the requirement for the Companion Loan Rating Agency Confirmation from the applicable Companion Loan Rating Agency with respect to such matter shall not apply.

  • Master Servicer Event of Default One or more of the events described in Section 7.01.

  • Swap Provider Trigger Event A Swap Termination Payment that is triggered upon: (i) an Event of Default under the Interest Rate Swap Agreement with respect to which the Swap Provider is a Defaulting Party (as defined in the Interest Rate Swap Agreement), (ii) a Termination Event under the Interest Rate Swap Agreement with respect to which the Swap Provider is the sole Affected Party (as defined in the Interest Rate Swap Agreement) or (iii) an Additional Termination Event under the Interest Rate Swap Agreement with respect to which the Swap Provider is the sole Affected Party.

  • Credit Enhancement Provider means, with respect to any Securities, any person issuing, funding or otherwise making available, for the benefit of Securityholders or any party to a Serviced Corporate Trust Contract, an asset as an enhancement of the credit quality or liquidity of any Securities or the mortgage assets or other assets pledged for or underlying such Securities, such as a letter of credit, surety bond, insurance policy, guaranty, reserve fund pledge or collateral undertaking.

  • 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.

  • Hedging Counterparty means HSBC Bank plc or any Affiliate of HSBC Bank plc or any other party

  • central counterparty means a CCP as defined in point (1) of Article 2 of Regulation (EU) No 648/2012;

  • 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.

  • Servicing Bank means the Agent or the Security Trustee;