Structured Product Transaction has the meaning assigned to such term in the applicable Collateral Valuation Schedule.
Structured Product Transaction means (a) any Swap Transaction between the Borrower and a counterparty pursuant to which (i) the counterparty is entitled to receive from the Borrower an amount equal to (A) periodic payments based on the notional amount of such transaction for the term thereof at a specified rate (which may be fixed or floating) or (B) the decrease over the term of such transaction in the market value of a designated pool of more than one Bank Loan, Corporate Bond Security or other asset or any combination of the foregoing; and (ii) the counterparty is obligated to make payment to the Borrower in an amount equal to (A) the interest, fees and other cash flows paid on such designated pool of Bank Loans, Corporate Bond Securities or other assets for the term of such transaction or (B) the increase over the term of such transaction in the market value of such designated pool of Bank Loans, Corporate Bond Securities or other assets or (iii) the counterparty and the issuer agree to pay a net amount calculated by reference to (i) and (ii) above; (b) any transaction commonly referred to as a “total return swap” involving more than one asset; and (c) any transaction that is substantially similar to the transactions described in clauses (a) and (b) above.
Structured Product Transaction means any transaction of the Structured Product entered into by you pursuant to the Agreement.
Examples of Structured Product Transaction in a sentence
Notwithstanding the foregoing, the Market Value of any Structured Product Transaction at any date will be equal to the net settlement amount, if any, that the Borrower would receive if such Structured Product Transaction was terminated or liquidated early in accordance with its terms on such date, as determined by the Borrower.
Notwithstanding the foregoing, the Market Value of any Structured Product Transaction at any date will be equal to the net settlement amount, if any, that the Borrower would receive if such Structured Product Transaction was terminated or liquidated early in accordance with its terms on such date as determined by the Borrower.
More Definitions of Structured Product Transaction
Structured Product Transaction means (a) any Swap Transaction between the Borrower and a counterparty pursuant to which (i) the counterparty is entitled to receive from the Borrower an amount equal to (A) periodic payments based on the notional amount of such transaction for the term thereof at a specified rate (which may be fixed or floating) or (B) the decrease over the term of such transaction in the market value of a designated pool of more than one Bank Loan, Security or other asset or any combination of the foregoing; and (ii) the counterparty is obligated to make payment to the Borrower in an amount equal to (A) the interest, fees and other cash flows paid on such designated pool of Bank Loans, Securities or other assets for the term of such transaction or (B) the increase over the term of such transaction in the market value of such designated pool of Bank Loans, Securities or other assets or (iii) the counterparty and the issuer agree to pay a net amount calculated by reference to (i) and (ii) above; (b) any transaction commonly referred to as a “total return swap” involving more than one asset; and (c) any transaction that is substantially similar to the transactions described in clauses (a) and (b) above.
Structured Product Transaction means a Hedging and Short Sale Transaction between the Borrower and a counterparty that is on the date such Hedging and Short Sale Transaction is entered into an Eligible Counterparty, and pursuant to which (i) (a) the counterparty is entitled to receive an amount equal to the sum of (1) periodic payments based on the notional amount of such transaction for the term thereof at a specified rate (which may be fixed or floating) and (2) the decrease over the term of such transaction in the market value of a designated pool of one or more Bank Loans, High Yield Bonds or a combination of Bank Loans and High Yield Bonds; and (b) the counterparty is obligated to make payment to the Borrower in an amount equal to the sum of (1) the interest, fees and other cash flows paid with respect to the term of such transaction on such designated pool of Bank Loans and/or High Yield Bonds and (2) the increase over the term of such transaction in the market value of such designated pool of Bank Loans and/or High Yield Bonds or (c) the counterparty and the Borrower agree to pay a net amount calculated by reference to (a) or (b) above; (ii) the initial and minimum amount of collateral that the Borrower is required to pledge as collateral for such Hedging and Short Sale Transaction is not less than (x) if the pool of Bank Loans and/or High Yield Bonds subject to such transaction includes obligations of ten or more issuers, 10% of the notional amount of such Hedging and Short Sale Transaction and (y) in all other cases, 20% of the notional amount of such Hedging and Short Sale Transaction; and (iii) the counterparty does not have recourse to the Collateral for amounts owing to such counterparty thereunder. At the time a Bank Loan is made the subject of a Structured Product Transaction, such Bank Loan must fall in Asset Category X-0, X-0 or B-3. At the time a High Yield Bond is made the subject of a Structured Product Transaction, such High Yield Bond must (i) fall in Asset Category C, D or E, (ii) not be a Non-Cash Pay Instrument and (iii) not be a CDO Debt Security or a Mezzanine Investment.
Structured Product Transaction means a Hedging and Short Sale Transaction between the Borrower and a counterparty that is on the date such Hedging and Short Sale Transaction is entered into an Eligible Counterparty, and pursuant to which (i) (a) the counterparty is entitled to receive an amount equal to the sum of (1) periodic payments based on the notional amount of such transaction for the term thereof at a specified rate (which may be fixed or floating) and (2) the decrease over the term of such transaction in the market value of a designated pool of one or more Bank Loans, High Yield Bonds or a combination of Bank Loans and High Yield Bonds; and (b) the counterparty is obligated to make payment to the Borrower in an amount equal to the sum of (1) the interest, fees and other cash flows paid with respect to the term of such transaction on such designated pool of Bank Loans and/or High Yield Bonds and (2) the increase over the term of such transaction in the market value of such designated pool of Bank Loans and/or High Yield Bonds or (c) the counterparty and the Borrower agree to pay a net amount calculated by reference to (a) or (b) above; (ii) the initial and minimum amount of collateral that the Borrower is required to pledge as collateral for such Hedging and Short Sale Transaction is not less than (x) if the pool of Bank Loans and/or High Yield Bonds subject to such transaction includes obligations of ten or more issuers, 10% of the notional amount of such Hedging and Short Sale Transaction and (y) in all other cases, 20% of the notional amount of such Hedging and Short Sale Transaction; and (iii) the counterparty does not have recourse to the Collateral for amounts owing to such counterparty thereunder. At the time a Bank Loan is made the subject of a Structured Product Transaction, such Bank Loan must fall in Asset Category B-1, B-2 or B-3. At the time a High Yield Bond is made the subject of a Structured Product Transaction, such High Yield Bond must (i) fall in Asset Category C, D or E, (ii) not be a Non-Cash Pay Instrument and (iii) not be a CDO Debt Security or a Mezzanine Investment.
Structured Product Transaction means a Hedging and Short Sale Transaction between the Fund and a counterparty, in which either (i) the Fund is the counterparty to a CDS purchasing protection from an Eligible Counterparty with respect to a reference asset or an index that refers to or is based upon a number of reference assets, or (ii) the Fund is the counterparty writing or providing the protection with respect to a CDS relating to a reference asset or an index that refers to or is based upon a number of reference assets.
Structured Product Transaction means a Hedging and Short Sale Transaction between the Issuer and a counterparty in which either, (i) the Issuer is the counterparty to a CDS purchasing protection from an Eligible Counterparty with respect to a reference asset or an index that refers to or is based upon a number of reference assets, or (ii) the Issuer is the counterparty writing or providing the protection with respect to a CDS relating to a reference asset or an index that refers to or is based upon a number of reference assets.
Structured Product Transaction means (a) any Swap Transaction between the Borrower and a counterparty pursuant to which (i) the counterparty is entitled to receive from the Borrower an amount equal to (A) periodic payments based on the notional amount of such transaction for the term thereof at a
Structured Product Transaction means any transaction of the Structured Product entered into by the Client pursuant to the Agreement.