Examples of Reference Swap in a sentence

The parties acknowledge that the payments to be made by Party B will be made independently and are not conditional upon Party A sustaining or being exposed to risk or loss and that the rights and obligations of the parties hereunder are not dependent upon Party A owning or having any legal, equitable or other interest in the Reference Swap and/or any Reference Obligations relating to the Reference Swap.
Schedule 2 sets out the framework of the terms for each Synthetic CDO Reference Swap and Schedule 3 contains the Synthetic CDO Portfolio for each Synthetic CDO Reference Swap.
Following the occurrence of a credit event, the Calculation Agent may adjust the Reference Swap Portfolio and calculate the applicable Credit Event Settlement Amount in the manner set out in the ISK Swap Confirmation, in its discretion.
Each Reference Swap comprises a notional credit default swap transaction entered into between the Issuer and the Counterparty on the Initial Issue Date.
Dresdner Bank AG London Branch is the calculation agent under each Reference Swap.

More Definitions of Reference Swap

Reference Swap means a hypothetical cross currency swap between the Issuer and a relevant Reference Dealer, whereby the relevant Reference Dealer pays to the Issuer the Scheduled RON Amounts, in exchange for receiving the Scheduled EUR Amounts on the relevant Dates, adjusted for good Business Days, as set out in the schedule below:

Reference Swap means an interest rate swap (a) deemed to have been entered into no later than two London banking days prior to the Conversion Date (and confirmed in writing to the Company) and commencing on the Conversion Date, (b) having a notional amount at any time equal to that part of the aggregate principal amount of the Loans outstanding on the Conversion Date and which has become subject to the Break Event, (c) maturing on the Maturity Date and (d) obligating the floating rate payor to make payments on each Interest Payment Date after the Conversion Date at LIBOR determined two London banking days before the next preceding Interest Payment Date for three-month U.S. Dollar deposits plus .80% per annum, calculated for actual days elapsed on a 360-day year basis, in exchange for receiving fixed rate payments from a fixed rate payor on such dates in such amounts as set forth on Schedule 2.05(A) (each such rate, the "Reference Fixed Rate", which the parties agree will be the swap market rate two London banking days before the Interest

Reference Swap means a credit derivative transaction deemed for the purpose of this Transaction to have been entered into between Party A as protection buyer and an unspecified third party as protection seller on the terms set out in Schedule 1 hereto. In respect of the Reference Swap, subject to the provisions of Section 2 of the Reference Swap:

Reference Swap means a credit derivative transaction deemed for the purpose of this Transaction to have been entered into between Party A as protection buyer and an unspecified third party as protection seller on the terms set out in Schedule 1 hereto but provided that each amount specified in Schedule 1 hereto shall be deemed to have been mutiplied by an amount equal to the relevant Released Proportion (as defined in the Original Default Swap Confirmation).In respect of the Reference Swap:

Reference Swap means the portfolio credit default swap between the Issuer (as protection seller) and the Swap Counterparty (as protection buyer) having an Initial

Reference Swap means an interest rate swap (i) deemed to have been entered into as of the date hereof and commencing on the Closing Date, (ii) having a notional amount at any time equal to that part of the aggregate principal amount of the Loans originally scheduled to be outstanding at such time and which has become subject to the Break Event, (iii) maturing on the Final Payment Date and (iv) obligating the floating rate payor to make payments on each Interest Payment Date at LIBOR determined two London banking days before the next preceding Interest Payment Date for three-month U.S. Dollar deposits plus 1.65% per annum, calculated for actual days elapsed on a 360-day year basis, in exchange for receiving fixed rate payments from a fixed rate payor on such dates calculated at such rates as set forth on Schedule 2.05(A) hereto (each such rate, the "Reference Fixed Rate", which the parties agree was the swap market rate when the Interest Rate was set), calculated for actual days elapsed on a 360-day year basis.