Secured Swap Counterparty definition

Secured Swap Counterparty means, with respect to a Lender Provided Hedging Agreement, a counterparty that at the time such Hedging Agreement is entered into is a Lender (as defined in the Revolving Credit Agreement) or an Affiliate of a Lender (including a Hedging Agreement in existence prior to the date hereof or prior to such Person or its Affiliate becoming a Lender); provided that, for the avoidance of doubt, the term “Lender Provided Hedging Agreement” shall not include any Hedging Agreement or transactions under any Hedging Agreement entered into after the time that such counterparty ceases to be a Lender or an Affiliate of a Lender.

Secured Swap Counterparty means a Permitted Swap Counterparty, in its capacity as counterparty to the applicable Permitted Swap Agreement, if and to the extent that such counterparty is the Administrative Agent, the Lead Arranger, a Lender or an Affiliate of any of the foregoing on the date such Permitted Swap Agreement is entered into; provided that the requirements of Section 6.5(a) of the Intercreditor Agreement have been satisfied.

Secured Swap Counterparty shall have the meaning specified in the definition of “Secured Swap Obligation”.

Examples of Secured Swap Counterparty in a sentence

• Without limitation of the provisions of the preceding clause (a), no waiver, amendment or other modification to this Agreement shall, unless signed by each Eligible Secured Swap Counterparty then in existence, modify the provisions of Section 8.6 in any manner adverse to the interests of each such Eligible Secured Swap Counterparty.

• Promptly after execution of any such Joinder Supplement, the parties thereto will endeavor to send a copy thereof to each other Secured Swap Counterparty, but failure or delay in doing so will not make such Joinder Supplement void or voidable or otherwise affect the rights and duties of the parties hereto.

• The Person serving as Administrative Agent may also resign as Administrative Agent hereunder by providing to each Lender Party, Secured Swap Counterparty and Credit Parties written notice of such resignation no less than 30 days prior to the effective date of such resignation set forth in such written notice.

• Administrative Agent hereby recognizes New Secured Swap Counterparty as an “Eligible Secured Swap Counterparty” under the Credit Agreement.

• If any Secured Swap Counterparty or any Lender Party receives any Proceeds from Enforcement, it shall promptly deliver the same to Administrative Agent for distribution by Administrative Agent in accordance with this Section 6(b).

More Definitions of Secured Swap Counterparty

Secured Swap Counterparty shall have the meaning assigned to such term in Section 9.11(a).

Secured Swap Counterparty pursuant to the Joinder Supplement, Wilmington Trust, National Association, as administrative agent for the Lenders under the Credit Agreement (in such capacity, “Administrative Agent”) and each other Person that from time to time becomes a party hereto in accordance with the terms of this Agreement.

Secured Swap Counterparty means the counterparty to the Issuer or any other Obligor under a Secured Swap Document.

Secured Swap Counterparty has the meaning specified in the Security Agreement.

Secured Swap Counterparty has the meaning specified in the definition of “Secured Swap Obligation”.

Secured Swap Counterparty. “Secured Swap Transaction” means any Swap Transaction that is entered into by and between any Borrower and a Secured Swap Counterparty.

Secured Swap Counterparty means each BAC-ML Entity that is a swap counterparty under a Secured Swap Contract.