Replacement Swap definition

Replacement Swap has the meaning set forth in Section 8.3 hereof.
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Replacement Swap means the energy price swap described in Section 10.2.
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Replacement Swap. The meaning provided in the Swap Agreement. ---------------- "Revised Article 8": The meaning provided in the Book-Entry ----------------- Regulations. "Sale Procedures": On each Solicitation Date, and as soon as --------------- racticable in the case of acceleration of amounts due in respect of the Notes pursuant to this Indenture, the Indenture Trustee shall direct the Market Agent, on behalf of the Issuer, to sell the CABS and/or Eligible Investments in accordance with the CABS Amortization Schedule in a face amount equal to the Pay Down Amount (or, in the case of a Mandatory Prepayment or Event of Default and acceleration of Notes hereunder, all CABS and Eligible Investments) to the highest bidder of not less than three solicited bidders for such CABS and/or Eligible Investments (which bidders may include the Depositor, the Swap Counterparty, the Swap Guarantor or their respective affiliates, provided that the Depositor, the Swap Counterparty, the Swap Guarantor and their respective affiliates, shall not be obligated to bid, and bidders need not be limited to recognized broker-dealers). In the sole judgement of the Market Agent, bids may be evaluated on the basis of bids for the CABS or Eligible Investments or a portion of the CABS or Eligible Investments being sold or on any other basis selected in good faith by the Market Agent. "Scheduled Final Payment Date": The August 2004 Payment Date. ---------------------------- "Securities": The Notes and the Certificates. ---------- "Securityholder": Any Holder of the Notes and Certificates. -------------- "Single Note": A Note in the Denomination of $1,000. ----------- "Standard & Poor's": Standard & Poor's Ratings Services, a division of ----------------- The McGraw Hill Companies. "Solicitation Date": Four Business Days prior to each Payment Date ----------------- beginning with the Payment Date in September 1999. "Swap Agreement": The 1992 ISDA (Multicurrency - Cross Border) Master -------------- greement dated as of September 1, 1997, including any schedules attached thereto and confirmation letters executed in connection therewith, between the Swap Counterparty and the Trust. "Swap Counterparty": Xxxxxx Brothers Special Financing Inc. as swap ----------------- counterparty under the Swap Agreement and any successor or replacement swap counterparty pursuant to the terms thereof and hereof. "Swap Default": An Event of Default under and as defined in the Swap ------------ Agreement. "Swap Early Termination...
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Examples of Replacement Swap in a sentence

  • Any holder of a Swapped Note that enters into, assumes, novates or terminates an Original Swap Agreement or Replacement Swap Agreement shall within a reasonable period of time thereafter deliver to the Company a notice confirming the assumption, novation or termination related thereto.

  • Any holder of a Swapped Note that enters into, assumes or terminates an Initial Swap Agreement or Replacement Swap Agreement shall within a reasonable period of time thereafter deliver to the Company a copy of the confirmation, assumption or termination related thereto.

  • A “Swapped Note” shall no longer be deemed a “Swapped Note” at such time as the related Swap Agreement ceases to be in force in respect thereof, unless, and until, a Replacement Swap Agreement or a New Swap Agreement is entered into with respect to such Note.


More Definitions of Replacement Swap

Replacement Swap has the meaning assigned in Section 4.07.
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Replacement Swap. The meaning provided in the Swap Agreement. ---------------- Sale Procedures: On each Solicitation Date, and as soon as practicable --------------- in the case of acceleration of amounts due in respect of the Certificates pursuant to Section 3.05 of the Indenture, the Indenture Trustee shall direct the Market Agent, on behalf of the Issuer, to sell the CABS and/or Eligible Investments in accordance with the CABS Amortization Schedule in an amount equal to the Monthly Amortization Amount (or, if greater, the amount required to paid in respect of the Notes and the Certificates pursuant to the Indenture and the Basic Documents, as the case may be) to the highest bidder of not less than three solicited bidders for such CABS and/or Eligible Investments, as the case may be (which bidders may include the Depositor, the Swap Counterparty the Swap Guarantor or their respective affiliates, provided that the Depositor, the Swap Counterparty, the Swap Guarantor and their respective affiliates, shall not be obligated to bid, and bidders need not be limited to recognized broker-dealers).
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Related to Replacement Swap

  • Replacement Airframe means an Airbus A321 aircraft or a comparable or improved model of Manufacturer (except (a) Engines or engines from time to time installed thereon and any and all Parts related to such Engine or engines and (b) Excluded Equipment), that shall have been made subject to the Lien of the Indenture pursuant to Section 7.05 thereof, together with all Parts relating to such aircraft.

  • Replacement Agreement means an agreement entered into as a replacement for any Relevant Agreement;

  • Replacement Facility means 1 of the following:

  • Replacement Aircraft means the Aircraft of which a Replacement Airframe is part.

  • Replacement Transaction means, with respect to any Terminated Transaction or group of Terminated Transactions, a transaction or group of transactions that (i) would have the effect of preserving for Party B the economic equivalent of any payment or delivery (whether the underlying obligation was absolute or contingent and assuming the satisfaction of each applicable condition precedent) by the parties under Section 2(a)(i) in respect of such Terminated Transaction or group of Terminated Transactions that would, but for the occurrence of the relevant Early Termination Date, have been required after that Date, and (ii) has terms which are substantially the same as this Agreement, including, without limitation, rating triggers, Regulation AB compliance, and credit support documentation, save for the exclusion of provisions relating to Transactions that are not Terminated Transaction, as determined by Party B in its sole discretion, acting in a commercially reasonable manner.

  • Replacement Securities means securities of the same issuer, class and denomination as Loaned Securities.

  • Replacement Date has the meaning set forth in Section 2.08(b).

  • Replacement Notes means Notes issued to the Beneficial Owners of the Notes in accordance with Article II hereof.

  • Asset Swap means the substantially concurrent purchase and sale or exchange of Related Business Assets or a combination of Related Business Assets and cash or Cash Equivalents between any Company and another person; provided that any cash or Cash Equivalents received must be applied in accordance with Section 2.10(c).

  • Replacement Liquidity Facility has the meaning set forth in the Intercreditor Agreement.

  • Replacement Provider has the meaning set forth in Section II.D.1.

  • replacement grant means an option that a reasonable person would consider to be granted in relation to a prior or potential cancellation of an option;

  • Replacement Value means the price, including accrued interest, at which Equivalent Securities to the Borrowed Securities could be purchased in the principal market for such securities at the time of election by State Street under Section 13.1 hereof.

  • Replacement Servicer has the meaning assigned to that term in Section 6.01(c).

  • Replacement Interest Rate Cap Agreement means an interest rate cap agreement from an Acceptable Counterparty with terms identical to the Interest Rate Cap Agreement except that the same shall be effective in connection with replacement of the Interest Rate Cap Agreement following a downgrade, withdrawal or qualification of the long-term unsecured debt rating of the Counterparty; provided that to the extent any such interest rate cap agreement does not meet the foregoing requirements, a “Replacement Interest Rate Cap Agreement” shall be such interest rate cap agreement approved in writing by each of the Rating Agencies and Lender with respect thereto.

  • 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.

  • Replacement Mortgage Loan A Mortgage Loan or Mortgage Loans in the aggregate substituted by the Seller for a Deleted Mortgage Loan, which must, on the date of such substitution, as confirmed in a Request for Release, (i) have a Stated Principal Balance, after deduction of the principal portion of the Scheduled Payment due in the month of substitution, not in excess of, and not less than 90% of, the Stated Principal Balance of the Deleted Mortgage Loan; (ii) if the Replacement Mortgage Loan is a fixed rate Mortgage Loan, have a fixed Mortgage Rate not less than or more than 1% per annum higher than the Mortgage Rate of the Deleted Mortgage Loan; (iii) have the same or higher credit quality characteristics than that of the Deleted Mortgage Loan; (iv) have a Loan-to-Value Ratio no higher than that of the Deleted Mortgage Loan; (v) have a remaining term to maturity no greater than (and not more than one year less than) that of the Deleted Mortgage Loan; (vi) not permit conversion of the Mortgage Rate from a fixed rate to a variable rate; (vii) have the same lien priority as the Deleted Mortgage Loan; (viii) constitute the same occupancy type as the Deleted Mortgage Loan or be owner occupied; (ix) if the Replacement Mortgage Loan is an Adjustable Rate Mortgage Loan, have a Maximum Mortgage Rate not less than the Maximum Mortgage Rate on the Deleted Mortgage Loan, (x) if the Replacement Mortgage Loan is an Adjustable Rate Mortgage Loan, have a Minimum Mortgage Rate not less than the Minimum Mortgage Rate of the Deleted Mortgage Loan, (xi) if the Replacement Mortgage Loan is an Adjustable Rate Mortgage Loan, have a Gross Margin equal to or greater than the Gross Margin of the Deleted Mortgage Loan, (xii) if the Replacement Mortgage Loan is an Adjustable Rate Mortgage Loan, have a next Adjustment Date not more than two months later than the next Adjustment Date on the Deleted Mortgage Loan, (xiii) comply with each representation and warranty set forth in Section 7 of the Mortgage Loan Purchase Agreement and (xiv) the Custodian has delivered a Final Certification noting no defects or exceptions.

  • Replacement Notice is defined in Section 4.11.

  • Replacement Sub-Contractor means a sub-contractor of the Replacement Supplier to whom Transferring Supplier Employees will transfer on a Service Transfer Date (or any sub-contractor of any such sub-contractor);

  • Replacement Loans has the meaning specified in Section 10.01.

  • 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 the Borrower or a Restricted Subsidiary and another Person; provided that any cash or Cash Equivalents received must be applied in accordance with Section 10.4.

  • Replacement Liquidity Provider has the meaning set forth in the Intercreditor Agreement.

  • Replacement Engine means a [Engine Manufacturer and Model] engine (or an engine of the same or another manufacturer of a comparable or an improved model and suitable for installation and use on the Airframe with the other Engine (or any other Replacement Engine being substituted simultaneously therewith)) that shall have been made subject to the Lien of the Indenture pursuant to Section 7.04 or Section 7.05 thereof, together with all Parts relating to such engine, but excluding items installed or incorporated in or attached to any such engine from time to time that are excluded from the definition of Parts.

  • Replacement Supplier means any third party provider of Replacement Goods and/or Services appointed by or at the direction of the Authority from time to time;

  • Counterparty Downgrade Collateral means any cash and/or securities delivered to the Issuer as collateral for the obligations of a Hedge Counterparty under a Hedge Transaction.

  • Replacement unit means a landfill, surface impoundment, or waste pile unit (1) from which all or substantially all of the waste is removed, and (2) that is subsequently reused to treat, store, or dispose of hazardous waste. “Replacement unit” does not apply to a unit from which waste is removed during closure, if the subsequent reuse solely involves the disposal of waste from that unit and other closing units or corrective action areas at the facility, in accordance with an approved closure plan or EPA or State approved corrective action.