Swap Costs definition

Swap Costs means any amount payable by the Owner under a Swap Agreement except for any Swap Termination Payment. Swap Limit means US$40,000,000.
Sample 1Sample 2Sample 3
Swap Costs means, for any Payment Date, an amount (which may be negative) equal to the sum (without duplication) of (a) any fees, premiums or other costs payable on such Payment Date by the Agent on behalf of the Purchasers or any of them, or by any Purchaser, to the counterparty to a Currency Protection Agreement in connection with the entering into of the Currency Protection Agreement on such Payment Date, plus (b) any amounts payable to a counterparty to a Currency Protection Agreement which expires or is to be closed out at any time subsequent to the prior Payment Date in connection with the cash settlement of the Currency Protection Agreement and any and all other losses, costs and expenses to be incurred by the Agent on behalf of the Purchasers or any of them, or by any Purchaser in connection with the breakage of any Currency Protection Agreement or other spot, forward or other currency exchange or hedging arrangement to which any of them shall then be a party or otherwise existing for the benefit of any of them and obtained for purposes of effecting a currency exchange, minus (c) any amounts payable to the Agent on behalf of the Purchasers or any of them, or to any Purchaser, by a counterparty to a Currency Protection Agreement which expires or is to be closed out at any time subsequent to the prior Payment Date in connection with the cash settlement of the Currency Protection Agreement.
Sample 1Sample 2
Swap Costs means in respect of each Note, the Relevant Proportion of an amount determined by the Calculation Agent equal to any loss or costs incurred by the Issuer as a result of its terminating, liquidating, obtaining or re-establishing any hedge, term deposit, related trading position or funding arrangement entered into by it (including with its internal treasury function).
Sample 1

Examples of Swap Costs in a sentence

  • You should be aware that if Swap Costs are greater than the product of the Calculation Amount as at the Relevant Event Determination Date and the Final Price or the market value of the Deliverable Obligations Portfolio, as the case may be, the Credit Event Redemption Amount will be zero.

  • Swap Costs will be determined by the Determination Agent, taking into account, inter alia, the hedging strategy employed in respect of the Credit Linked Securities and prevailing funding rates, interest rates and credit spreads at the time of determination.

  • The Credit Event Redemption Amount or amount of Deliverable Obligations delivered to a Securityholder will reflect the market value of the obligations of the Reference Entity in respect of which a Credit Event occurred less a deduction for Swap Costs.

  • Methodology: Frequent court reviews for children in the legal custody of Macon County are practiced.

  • Swap Costs reflect the cost to the Issuer of terminating, liquidating, obtaining or re- establishing any hedges, trading positions, term deposits or funding arrangements entered into by it or on its behalf in respect of the Credit Linked Securities.

  • Swap Costs reflect the cost to the Issuer of terminating, liquidating, obtaining or re-establishing any hedges, trading positions, term deposits or funding arrangements entered into by it or on its behalf in respect of the Credit Linked Securities.

  • Unless specified otherwise in the Pricing Supplement, Swap Costs reflect the cost to the Issuer of terminating, liquidating, obtaining or re-establishing any hedges, trading positions, term deposits or funding arrangements entered into by it or on its behalf in respect of the Credit Linked Securities.

  • Subject to the foregoing, to the extent that the Swap Costs for any Payment Date are less than zero or there is any Currency Excess for a Payment Date, the amount thereof shall be applied to the Purchasers' Portion of the Collections received on such Payment Date.

  • Your loss is ([€100,000 x 1.18508] – [€100,000 x 1.18193]) = $315 Swap Costs If you hold your position past 22:00 GMT US Standard Time, your account will be debited or credited at the prevailing swap rate.

  • The Issuer shall redeem each Note in whole or in part on the Mandatory Early Redemption Date in an amount in the Note Currency equal to the Principal Amount Redeemed by payment of the Mandatory Early Redemption Amount less Swap Costs where a Mandatory Early Redemption Event had occurred as a result of an Unscheduled Prepayment (but not otherwise), whereupon the Issuer’s obligations in respect of the Principal Amount Redeemed shall irrevocably cease.


More Definitions of Swap Costs

Swap Costs means an amount in USD equal to any loss or costs incurred by Buyer as a result of its terminating, liquidating, obtaining or re-establishing any hedge, term, deposit, related trading position or funding arrangement entered into by it (including with its internal treasury function) including, without limitation, the amount that would be owed by Buyer to a hypothetical counterparty (expressed as a negative amount) or to Buyer by the hypothetical counterparty (expressed as a positive amount), as applicable in respect of the Interest Rate Swap and the Reference Swap if such day were designated as an early termination date in respect of the Interest Rate Swap and the Reference Swap.
Sample 1
Swap Costs means, in respect of each Note, the Relevant Proportion of an amount determined by the Calculation Agent in a commercially reasonable manner equal to any cost, loss or expense incurred by the Issuer or any of its agents or Affiliates (expressed as a positive number) or the gains realised by the Issuer or any of its agents or Affiliates (expressed as a negative number), in each case such amount to be denominated in EUR, as a direct result of terminating, liquidating, obtaining or re-establishing any hedge, term deposit or related trading position, or funding arrangement, including without limitation, breakage costs of any non-deliverable swap and any associated costs of funding, whether such arrangements are with internal (including with its internal treasury function) or external parties, for value as of the Cash Settlement Date or each Mandatory Early Redemption Date (as the case may be).
Sample 1
Swap Costs means an amount, determined by the Calculation Agent in its sole and absolute discretion, equal to any loss or costs incurred by Party A as a result of it terminating, liquidating, obtaining or re-establishing any hedge, term deposit, related trading position or funding arrangement entered into by it (including with its internal treasury function) as a result of the occurrence of one or more Bond Redemption Events giving rise to a Bond Redemption Date.
Sample 1
Swap Costs means any amount payable by any Borrower under a Swap Agreement except for any Swap Termination Payment.
Sample 1
Swap Costs means an amount determined by the Determination Agent in its sole and absolute discretion equal to any loss or costs incurred (or expected to be incurred) by or on behalf of the Issuer as a result of its terminating, liquidating, obtaining or re-establishing any hedge, term deposits, related trading position or funding arrangements entered into by it (including with its internal treasury function) in connection with the Securities.
Sample 1
Swap Costs means, in respect of the Notes, an amount determined by the Calculation Agent in a commercially reasonable manner equal to any expense, loss or costs (in which case expressed as a positive number) or gain (in which case expressed as a negative number) incurred (or expected to be incurred) by or on behalf of the Issuer as a result of its terminating, liquidating, modifying, obtaining or re-establishing any hedge term deposit, related interest rate, currency or basis swap position, or funding arrangements entered into by it (including with its internal treasury function) specifically in connection with the Notes. 24. Last Date to Register 11 calendar days before each Interest Payment Date, i.e. each 9 March, 9 June, 9 September and 9 December of each calendar year during the period commencing on the Issue Date and ending on the Maturity Date. 25. Books Closed Period(s) The Register will be closed from 10 calendar days before each Interest Payment Date to each Floating Interest Payment Date i.e. from10 June to 20 June, 10 September to 20 September, 10 December to 20 December and from 10 March to 20 March (all dates inclusive) in each calendar year during the period commencing on the Issue Date and ending on the Maturity Date. 26. Value of aggregate Nominal Amount of all Notes issued under the Structured Note Programme as at the Issue Date
Sample 1

Related to Swap Costs

  • Hedging Costs means the hedging costs between the reference currency of the Unit class and the base currency of the Sub-fund, corresponding to the difference (in percentage terms), on each Valuation Date, between (i) the price of the 3-month maturity exchange rate between the reference currency of the Unit class and the base currency of the Sub-fund, and (ii) the spot rate of the same exchange rate.

  • Hedge Breakage Costs means, with respect to each Hedge Counterparty upon the early termination of any Hedge Transaction with such Hedge Counterparty, the net amount, if any, payable by the Borrower to such Hedge Counterparty for the early termination of that Hedge Transaction or any portion thereof.

  • Breakage Costs shall have the meaning set forth in Section 2.2.3(h) hereof.

  • Workout-Delayed Reimbursement Amounts With respect to any Mortgage Loan or Serviced Loan Combination, the amount of any Advance made with respect to such Mortgage Loan or Serviced Loan Combination on or before the date such Mortgage Loan or Serviced Loan Combination becomes (or, but for the making of three monthly payments under its modified terms, would then constitute) a Corrected Loan, together with (to the extent accrued and unpaid) interest on such Advances, to the extent that (i) such Advance is not reimbursed to the Person who made such Advance on or before the date, if any, on which such Mortgage Loan or Serviced Loan Combination becomes a Corrected Loan and (ii) the amount of such Advance becomes a future obligation of the Mortgagor to pay under the terms of modified Loan Documents. That any amount constitutes all or a portion of any Workout-Delayed Reimbursement Amount shall not in any manner limit the right of any Person hereunder to determine in the future that such amount instead constitutes a Nonrecoverable Advance.

  • Reimbursement Amounts As defined in Section 3.22.

  • Workout-Delayed Reimbursement Amount As defined in subsection (II)(i) of Section 3.05(a).

  • L/C Reimbursement Obligation means, for any Letter of Credit, the obligation of the Borrower to the L/C Issuer thereof, as and when matured, to pay all amounts drawn under such Letter of Credit.

  • Interest Differential is defined in Section 3.4.

  • Defaulted Swap Termination Payment Any Swap Termination Payment required to be paid by the Trust to the Swap Provider pursuant to the Interest Rate Swap Agreement as a result of an Event of Default (as defined in the Interest Rate Swap Agreement) with respect to which the Swap Provider is the defaulting party or a Termination Event (as defined in the Interest Rate Swap Agreement) (other than Illegality or a Tax Event that is not a Tax Event Upon Merger (each as defined in the Interest Rate Swap Agreement )) with respect to which the Swap Provider is the sole Affected Party (as defined in the Interest Rate Swap Agreement).

  • Collection Costs means an amount that the Municipality can charge with regard to the enforcement of a consumer’s monetary obligations;

  • Termination Costs means all documented Direct Costs and Indirect Costs incurred by Transmission Owner in connection with the performance of the Services (i) prior to the effective date of termination, including such costs incurred for materials, equipment, tools, construction equipment and machinery, engineering and other items, materials, assets or services that cannot reasonably be avoided, mitigated or cancelled, (ii) to unwind any work undertaken prior to or after the effective date of termination to the extent reasonably necessary to return the Projects to a configuration or condition in compliance with Good Utility Practice and applicable Law, and (iii) arising from cancellation costs relating to orders or contracts entered into in connection with the performance of Services by Transmission Owner prior to the effective date of the termination.

  • Default Interest Rate is two percent above the base lending rate of Barclays Bank PLC, as varied from time to time;

  • Reimbursement Amount As defined in Section 2.04.

  • Default Excess means, with respect to any Defaulting Lender, the excess, if any, of such Defaulting Lender’s Pro Rata Share of the aggregate outstanding principal amount of Loans of all Lenders (calculated as if all Defaulting Lenders (other than such Defaulting Lender) had funded all of their respective Defaulted Loans) over the aggregate outstanding principal amount of all Loans of such Defaulting Lender.

  • Interest Rate Cap Payment (a) With respect to the Class A-2, Class A-3 and Class A-4 Certificates, beginning on the first Distribution Date and continuing through the immediately succeeding 35 Distribution Dates thereafter, the amount, if any, equal to the product of (i) the excess, if any, of the lesser of (A) one-month LIBOR rate as of the related reset date under the Class A-2, Class A-3 and Class A-4 Cap Agreement and (B) the applicable cap ceiling rate set forth on Schedule A to such Interest Rate Cap Agreement for such Distribution Date over the applicable cap strike rate set forth on Schedule A to such Interest Rate Cap Agreement for such Distribution Date, calculated on an "actual/360" basis, (ii) the applicable Class A-2 and Class A-3 notional amount set forth on Schedule A to the Class A-2, Class A-3 and Class A-4 Cap Agreement for that Distribution Date and (iii) the multiplier set forth on Schedule A to such Interest Rate Cap Agreement; (b) with respect to the Class M Certificates, beginning on the first Distribution Date and continuing through the immediately succeeding 43 Distribution Dates thereafter, the amount, if any, equal to the product of (i) the excess, if any, of the lesser of (A) one-month LIBOR rate as of the related reset date under the Class M Cap Agreement and (B) the applicable cap ceiling rate set forth on Schedule A to such Interest Rate Cap Agreement for such Distribution Date over the applicable cap strike rate set forth on Schedule A to such Interest Rate Cap Agreement for such Distribution Date, calculated on an "actual/360" basis; (ii) the applicable Class M notional amount set forth on Schedule A to the Class M Cap Agreement for that Distribution Date and (iii) the multiplier set forth on Schedule A to such Interest Rate Cap Agreement; and (c) with respect to the Class B Certificates, beginning on the first Distribution Date and continuing through the immediately succeeding 43 Distribution Dates thereafter, the amount, if any, equal to the product of (i) the excess, if any, of the lesser of (A) one-month LIBOR rate as of the related reset date under the Class B Cap Agreement and (B) the applicable cap ceiling rate set forth on Schedule A to such Interest Rate Cap Agreement for such Distribution Date over the applicable cap strike rate set forth on Schedule A to such Interest Rate Cap Agreement for such Distribution Date, calculated on an "actual/360" basis; (ii) the applicable Class B notional amount set forth on Schedule A to the Class B Cap Agreement for that Distribution Date and (iii) the multiplier set forth on Schedule A to such Interest Rate Cap Agreement.

  • Swap Payment Date For so long as the Swap Agreement is in effect or any amounts remain unpaid thereunder, the Business Day immediately preceding each Distribution Date.

  • Swap Agreement Obligations means any and all obligations of the Loan Parties and their Subsidiaries, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor), under (a) any and all Swap Agreements permitted hereunder with a Lender or an Affiliate of a Lender, and (b) any and all cancellations, buy backs, reversals, terminations or assignments of any such Swap Agreement transaction.

  • Swap Exposure means, as at any relevant date, the amount certified by the Swap Bank to the Agent to be the aggregate net amount in Dollars which would be payable by the Borrower to the Swap Bank under (and calculated in accordance with) section 6(e) (Payments on Early Termination) of the Master Agreement if an Early Termination Date had occurred on the relevant date in relation to all continuing Designated Transactions entered into between the Borrower and the Swap Bank;

  • Net Swap Payment With respect to each Distribution Date, the net payment required to be made pursuant to the terms of the Swap Agreement by either the Swap Provider or the Swap Administrator, which net payment shall not take into account any Swap Termination Payment.

  • Interest Expenses means, with respect to any Person for any period, the sum, determined on a consolidated basis in accordance with GAAP, of (a) all interest expenses of such Person during such period (including interest attributable to Capital Leases) plus (b) all fees in respect of outstanding letters of credit paid, accrued or scheduled for payment by such Person during such period.

  • Interest Swap and Hedging Obligation means any obligation of any Person pursuant to any interest rate swap agreement, interest rate cap agreement, interest rate collar agreement, interest rate exchange agreement, currency exchange agreement or any other agreement or arrangement designed to protect against fluctuations in interest rates or currency values, including, without limitation, any arrangement whereby, directly or indirectly, such Person is entitled to receive from time to time periodic payments calculated by applying either a fixed or floating rate of interest on a stated notional amount in exchange for periodic payments made by such Person calculated by applying a fixed or floating rate of interest on the same notional amount.

  • Liquidity Expenses means all Liquidity Obligations other than (i) the principal amount of any Drawings under the Liquidity Facilities and (ii) any interest accrued on any Liquidity Obligations.

  • CP Costs means, for each day, the sum of (i) discount or yield accrued on Pooled Commercial Paper on such day, plus (ii) any and all accrued commissions in respect of placement agents and Commercial Paper dealers, and issuing and paying agent fees incurred, in respect of such Pooled Commercial Paper for such day, plus (iii) other costs associated with funding small or odd-lot amounts with respect to all receivable purchase facilities which are funded by Pooled Commercial Paper for such day, minus (iv) any accrual of income net of expenses received on such day from investment of collections received under all receivable purchase facilities funded substantially with Pooled Commercial Paper, minus (v) any payment received on such day net of expenses in respect of Broken Funding Costs related to the prepayment of any Purchaser Interest of Conduit pursuant to the terms of any receivable purchase facilities funded substantially with Pooled Commercial Paper. In addition to the foregoing costs, if Seller shall request any Incremental Purchase during any period of time determined by the Agent in its sole discretion to result in incrementally higher CP Costs applicable to such Incremental Purchase, the Capital associated with any such Incremental Purchase shall, during such period, be deemed to be funded by Conduit in a special pool (which may include capital associated with other receivable purchase facilities) for purposes of determining such additional CP Costs applicable only to such special pool and charged each day during such period against such Capital.

  • Swap Contract means (a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master Agreement, or any other master agreement (any such master agreement, together with any related schedules, a “Master Agreement”), including any such obligations or liabilities under any Master Agreement.

  • Net Finance Charges means, for the Reference Period, the Finance Charges according to the latest Financial Report(s), after deducting any interest payable for that Reference Period to any member of the Group and any interest income relating to cash or cash equivalent investment.

  • Lender Expenses are all audit fees and expenses, costs, and expenses (including reasonable attorneys’ fees and expenses) for preparing, amending, negotiating, administering, defending and enforcing the Loan Documents (including, without limitation, those incurred in connection with appeals or Insolvency Proceedings) or otherwise incurred with respect to Borrower.