Swap Certificate definition

Swap Certificate means a certificate substantially in the form of Schedule 8.6 hereto.

Swap Certificate. Each of the Group 2 Certificates. Swap Counterparty: Credit Suisse International and its successors. Swap Counterparty Payment: An amount equal to the greater of (I) zero and (II) the product of (a) One-Month LIBOR for the related Distribution Date, (b) a fraction, the numerator of which is the actual number of days elapsed in the related Swap Calculation Period and the denominator of which is 360 and (c) the Swap Notional Amount. Swap Counterparty Trigger Event: (i) an Event of Default (as defined in the Swap Agreement) with respect to which the Swap Counterparty is a Defaulting Party (as defined in the Swap Agreement), (ii) a Termination Event (as defined in the Swap Agreement) under the Swap Agreement with respect to which the Swap Counterparty is the sole Affected Party (as defined in the Swap Agreement) or (iii) an Additional Termination Event (as defined in the Swap Agreement) under the Swap Agreement with respect to which the Swap Counterparty is the sole Affected Party.

Examples of Swap Certificate in a sentence

• If the ERISA-Restricted Swap Certificate is a Book-Entry Certificate, the transferee will be deemed to have made a representation as provided in clause (i) or (ii) of this paragraph, as applicable.

• If any ERISA-Restricted Swap Certificate, or any interest therein, is acquired or held in violation of the provisions of the preceding paragraph, the next preceding permitted beneficial owner will be treated as the beneficial owner of that Certificate, retroactive to the date of transfer to the purported beneficial owner.

• Notwithstanding anything else to the contrary herein, any purported transfer of an ERISA-Restricted Swap Certificate on behalf of a Plan without the delivery to the Securities Administrator and Trustee of a representation letter as described above shall be void and of no effect.

• Any purported beneficial owner whose acquisition or holding of an ERISA-Restricted Swap Certificate, or interest therein, was effected in violation of the provisions of the preceding paragraph shall indemnify to the extent permitted by law and hold harmless the Trustee, the Securities Administrator, the Depositor, the Seller or the Servicer from and against any and all liabilities, claims, costs or expenses incurred by such parties as a result of such acquisition or holding.

• Splitco hereby covenants to Xxxxxx that it will comply with the Proxy Swap Certificate and Bylaw Provisions (as defined in the Transaction Agreement).

• The regulator system shall not permit gas to pass after the engine has stopped turning, irrespective of whether the ignition is on or off.

• Each Holder of a Swap Certificate or any interest therein shall be deemed to have represented, by its acquisition or holding of such certificate or any interest therein, that as of any date prior to the termination of the Swap Agreement, at least one of PTCE 84-14, 90-1, 91-38, 95-60 or 96-23 or other applicable exemption applies to such Holder’s right to receive payments from the Supplemental Interest Trust.