Swap Banks definition

Swap Banks means any Person that, at the time it enters into a Swap Contract with a Co-Borrower permitted under Article 7, is a Bank or an Affiliate of a Bank and is a party to the Intercreditor Agreement, in its capacity as a party to such Swap Contract.

Swap Banks means each of the financial institutions identified as a swap bank on Schedule 1-B hereof or any Affiliate of such financial institution;

Swap Banks means Fortis, BNP Paribas and Société Générale or their respective Affiliates in their capacity as a party to a Swap Contract, or any other Bank approved by all of the Banks.

Examples of Swap Banks in a sentence

• The rights of the Lenders and of the Swap Banks under this Agreement and under the Master Agreements are several.

• The Lenders will, subject to the Swap Banks Subordination Statement allow the Swap Banks to participate in the Security Documents on a subordinated basis.

• Each of the Lenders and the Swap Banks appoints and authorizes (with a right of revocation) the Agent to act as its agent hereunder and under any of the other Finance Documents with such powers as are specifically delegated to the Agent by the terms of this Agreement and of any of the other Finance Documents, together with such other powers as are reasonably incidental thereto.

• IT IS HEREBY COVENANTED, DECLARED AND AGREED that all property subject or to become subject hereto is to be held, subject to the further covenants, conditions, uses and trusts hereinafter set forth, and each Security Party, for itself and its respective successors and assigns, hereby covenants and agrees to and with the Security Trustee and its successors in said trust, for the equal and proportionate benefit and security of the Lenders, the Agent and the Swap Banks as hereinafter set forth.

• The Administrative Agent and the Banks (including the Swap Banks) agree promptly to notify each Guarantor affected by any such set-off after any such set-off and application made by the Administrative Agent or any Bank (including any Swap Bank); provided, however, that the failure to give such notice shall not affect the validity of such set-off and application.

More Definitions of Swap Banks

Swap Banks means the banks listed in Schedule 1, Part 2 and includes their respective successors in title, Assignees and transferees;

Swap Banks means any Lender from time to time party to an Interest Hedge Contract.

Swap Banks means DNB Bank ASA and Nordea Bank Finland Plc or any of them.

Swap Banks means each of JPMorgan Chase Bank, The Royal Bank of Scotland plc, The Bank of New York and Credit Agricole Indosuez (London branch);

Swap Banks means BNP Paribas and its Affiliates in their capacity as a party to a Swap Contract, and any other Lender or Affiliate approved by the Required Lenders which has signed and become a party to the Intercreditor Agreement; provided, in each case, so long as such person shall be a Lender or an Affiliate of a Lender hereunder and a party to the Intercreditor Agreement and/or shall be entitled to the benefit of the Security Agreements.

Swap Banks means each of the financial institutions identified as a swap bank on Schedule 1 hereof;

Swap Banks means Nordea Bank Finland Plc., the Mandated Lead Arrangers or any of them.