Swap Counterparty Default definition

Swap Counterparty Default means an Event of Default (as defined in the Swap Agreements) where the Swap Counterparty is the Defaulting Party (as defined in the ISDA Master Agreement).
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Swap Counterparty Default means an Event of Default (as defined in the ISDA Master Agreement) in respect of which the Defaulting Party (as defined in the ISDA Master Agreement) is the Swap Counterparty.
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Swap Counterparty Default means a Swap Guarantor Ratings Downgrade or an Event of Default or Termination Event under this Agreement, in respect of which Buyer is the Defaulting Party or the sole Affected Party (as such terms are defined in the Agreement).
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Examples of Swap Counterparty Default in a sentence

  • Prior to a Swap Counterparty Default, the Issuer will not exercise any rights in its capacity as a holder of, or person beneficially entitled to or participating in the Charged Assets unless approved in writing in advance by the Loan Servicer (on the instructions of the Swap Counterparty) and, if such approval is given, the Issuer will act only in accordance with such approval.

  • As from the Maturity Date, the Interest Rate for any overdue principal in respect of the Notes will be zero (and no amounts in respect of interest on any overdue amounts will therefore be payable).” Calculation Agent: The Calculation Agent shall be Deutsche Bank AG, London Branch in such capacity, except that, following a Swap Counterparty Default Event (as defined in paragraph 32 below), 100 per cent.

  • Liquidation Event means the occurrence of a Mandatory Early Redemption Event in circumstances in which a Note Guarantor Default and a Swap Counterparty Default have occurred.


More Definitions of Swap Counterparty Default

Swap Counterparty Default means, in the case of Rated Notes only, that all transactions under the Swap Agreement are terminated by reason of the occurrence of an event described in Section 5(a) or 5(b) of the ISDA Master Agreement in respect of the Swap Counterparty, its Credit Support Provider or any Specified Entity of the Swap Counterparty (as applicable) in respect of which the Swap Counterparty is the Defaulting Party or sole Affected Party (as such terms are defined in the Swap Agreement).
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Swap Counterparty Default means an Event of Default or Termination Event (each as defined in the Swap Agreements) where the Swap Counterparty is the Defaulting Party or, as the case may be, the sole Affected Party (each as defined in the ISDA Master Agreement).
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Swap Counterparty Default. A Swap Early Termination where the Swap Counterparty is either the Defaulting Party or the Affected Party (each as defined in the Swap Agreement).
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Swap Counterparty Default means an Event of Default (as defined in the Swap Agreement) in respect of which the Defaulting Party (as defined in the Swap Agreement) is the Swap Counterparty.
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Swap Counterparty Default means an Event of Default (as defined in the Swap Agreements, including, for the avoidance of doubt, any Rating Downgrade EoD) where the Swap Counterparty is the Defaulting Party (as defined in the ISDA Master Agreement).
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Swap Counterparty Default means an Event of Default (as defined in the Interest Rate Swap) by the Swap Counterparty which does not result in an assignment of the transaction under the Interest Rate Swap pursuant to Section 1.02(a) of the Contingent Assignment Agreement).
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Related to Swap Counterparty Default

  • Swap Counterparty means Lender or an Affiliate of Lender, in its capacity as counterparty under any Swap Contract.

  • Swap Default Any of the circumstances constituting an “Event of Default” under the Swap Agreement.

  • Swap Counterparty Trigger Event A Swap Counterparty Trigger Event shall have occurred if any of a Swap Default with respect to which the Swap Counterparty is a Defaulting Party, a Termination Event with respect to which the Swap Counterparty is the sole Affected Party or an Additional Termination Event with respect to which the Swap Counterparty is the sole Affected Party has occurred.

  • Swap Provider means any Person that, at the time it enters into a Swap Agreement is a Lender or an Affiliate of a Lender, in its capacity as a party to such Swap Agreement.

  • Bankruptcy Default has the meaning assigned to such term in Section 6.01.

  • Master Servicer Event of Default One or more of the events described in Section 7.01.

  • Servicer Event of Default One or more of the events described in Section 7.01.

  • Eligible Swap Counterparty means an entity, which may be an affiliate of a remarketing agent, engaged in the business of entering into derivative instrument contracts that satisfies the Rating Agency Condition.

  • Collateral Event of Default has the meaning set forth in Section 13.01(b).

  • Credit Default Swap means any credit default swap entered into as a means to (i) invest in bonds, notes, loans, debentures or securities on a leveraged basis or (ii) hedge the default risk of bonds, notes, loans, debentures or securities.

  • Secured Swap Provider means (i) a Lender or an Affiliate of a Lender (or a Person who was a Lender or an Affiliate of a Lender at the time of execution and delivery of a Rate Contract) who has entered into a Secured Rate Contract with Borrower, or (ii) a Person with whom Borrower has entered into a Secured Rate Contract provided or arranged by GE Capital or an Affiliate of GE Capital, and any assignee thereof.

  • Authority Default shall have the meaning set forth in Clause 23.2;

  • Senior Default means any Senior Payment Default or Senior Covenant Default.

  • Bank Default means (i) the refusal (which has not been retracted) of a Bank to make available its portion of any Borrowing or to fund its portion of any unreimbursed payment under Section 2.03(c) or (ii) a Bank having notified in writing the Borrower and/or the Agent that it does not intend to comply with its obligations under Section 1.01 or Section 2, in the case of either clause (i) or (ii) as a result of any takeover of such Bank by any regulatory authority or agency.

  • Monetary Default shall have the meaning assigned to such term in Section 11(a).

  • Non-Monetary Default shall have the meaning assigned to such term in Section 11(d).

  • O & M Default means any default on the part of the Power Producer for a continuous period of ninety (90) days to (i) operate and/or (ii) maintain (in accordance with Prudent Utility Practices), the Project at all times.

  • Hedge Counterparty means a Lender, the Administrative Agent or any of the Lender’s or the Administrative Agent’s affiliates (at the time a hedging agreement is entered into) who has entered into a hedging agreement for the purpose of hedging interest rate liabilities and/or any exchange rate and/or commodity price risks provided it has become a party, or by execution of an additional bank secured party acknowledgment has agreed to be bound by the terms of, to the First Lien Intercreditor Agreement in its capacity as hedge counterparty.

  • Hedging Counterparty means HSBC Bank plc or any Affiliate of HSBC Bank plc or any other party

  • Forbearance Default means any of: (A) the occurrence of any Default or Event of Default other than the Specified Defaults, (B) the failure of Borrower or any other Designated Company to timely and strictly comply with any term, condition, covenant, agreement or other obligation set forth in this Agreement, (C) the failure of any representation or warranty made by Borrower or any other Designated Company under or in connection with this Agreement to be true and complete in all material respects as of the date when made or any other material breach of any such representation or warranty, (D) the taking of any action by Borrower or any other Designated Company to in any way repudiate or assert a defense to any Obligation under the Credit Agreement, this Agreement or any of the other Loan Documents or the assertion of any claim or cause of action against Administrative Agent, Co-Administrative Agent or any Lender relating in any way thereto, (E) the date on which Administrative Agent, in its sole discretion or at the direction of the Required Lenders, delivers to Borrower a written notice terminating the Forbearance Period, which notice may be delivered at any time upon or after the delivery of any Proposed Vendor Payment Schedule Rejection Notice (as defined below) by the Administrative Agent in accordance with Section 3(c)(ii) hereof, or (F) Borrower fails to receive Inventory purchased with a CIA Payment (as defined below) within six (6) Business Days of the making of such CIA Payment. The occurrence of any Forbearance Default shall constitute an immediate Event of Default under the Credit Agreement and other Loan Documents. Upon the termination or expiration of the Forbearance Period, the agreement of Administrative Agent, Co-Administrative Agent and each Lender hereunder to forbear from exercising its default-related rights and remedies shall immediately terminate without the requirement of any demand, presentment, protest, or notice of any kind, all of which Borrower and each other Designated Company hereby waives. Borrower and each other Designated Company further agrees that any of Administrative Agent (upon direction of the Required Lenders to the extent provided in the Credit Agreement) and each Lender may at any time after the expiration or termination of the Forbearance Period proceed to exercise any and all of its rights and remedies under any or all of the Credit Agreement, any other Loan Document and/or applicable law, all of which rights and remedies are hereby fully reserved by Administrative Agent and each Lender. Any agreement by Administrative Agent and the Lenders to extend the Forbearance Period, if any, must be set forth in writing and signed by Administrative Agent and the Lenders. Borrower and each other Designated Company acknowledges that none of Administrative Agent or any Lender has made any assurances concerning any possibility of any extension of the Forbearance Period. Borrower and each other Designated Company acknowledges and agrees that any Loan or other financial accommodation which Administrative Agent, Co-Administrative Agent or any Lender makes to or for the benefit of Borrower or any other Designated Company on or after the Forbearance Effective Date has been made by such party in reliance upon, and is consideration for, among other things, the general releases and indemnities contained in Section 5 hereof and the other covenants, agreements, representations and warranties of Borrower and each other Designated Company hereunder.

  • Non-Payment Default means any event (other than a Payment Default) the occurrence of which entitles one or more Persons to accelerate the maturity of any Designated Senior Indebtedness.

  • Issuer Event of Default means the occurrence of any of the following events:

  • Loan Event of Default means any of the events specified in Section 5.1 of the Loan Agreement, provided that any requirement for the giving of notice, the lapse of time, or both, or any other condition, event or act has been satisfied.

  • Mortgage Loan Event of Default means an “Event of Default” under and as defined in the Mortgage Loan Agreement.

  • Servicer Default means an event specified in Section 8.01.

  • Servicing Default The meaning assigned in Section 6.01 of the Servicing Agreement.