Swap Counterparty Event definition

Swap Counterparty Event means, in accordance with the terms of the Swap Agreement, that an Event of Default (as defined in the Swap Agreement) has occurred with respect to the Swap Counterparty or a Termination Event has occurred where the Issuer has the right to designate an Early Termination Date in respect of all outstanding Swap Transactions under the Swap Agreement.
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Swap Counterparty Event means, in accordance with the terms of the Swap Agreement, the occurrence of an Event of Default (as defined in the Swap Agreement) with respect to the Swap Counterparty.
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Swap Counterparty Event means the occurrence of an Early Termination Date (as defined in the Charged Agreement) with respect to the Charged Agreement following:
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Examples of Swap Counterparty Event in a sentence

  • Such replacement will be chosen either by the Issuer, with the prior approval of the Trustee and (unless either a Counterparty Bankruptcy Credit Event in relation to the Swap Counterparty or a Swap Counterparty Event has occurred) the Swap Counterparty or by the Noteholders acting by Extraordinary Resolution.

  • If the Issuer notifies the Trustee of the occurrence of a Swap Counterparty Event, the Trustee shall be entitled to rely on such notification without further investigation.

  • Such replacement will be chosen either by the Issuer, with the prior approval of the Trustee and (unless a Swap Counterparty Event has occurred) the Swap Counterparty or by the Noteholders acting by Extraordinary Resolution.

  • The Trustee need not do anything to find out if a Swap Counterparty Event has occurred.

  • The Trustee shall not be required to monitor, enquire or satisfy itself as to whether a Swap Counterparty Event has occurred and shall have no obligation, responsibility or liability for giving or not giving any notice thereof to the Issuer or any Secured Creditor.

  • Such replacement will be chosen either by the Issuer, with the prior approval of the Trustee and (unless either a Counterparty Bankruptcy Credit Event or a Swap Counterparty Event has occurred) the Swap Counterparty or by the Noteholders acting by Extraordinary Resolution.

  • Such notice may only be delivered if no Swap Counterparty Event of Default (or event which, with the giving of notice or the lapse of time or both, would constitute a Swap Counterparty Event of Default) or Swap Counterparty Termination Event has occurred and is continuing under the Swap Agreement.

  • For the purposes of Master Condition 8(f) (Redemption for Termination of Swap Agreement), the reference to Swap Counterparty Event in item (i) of the second paragraph thereof shall be deemed to be deleted and instead refer to the occurrence of a Termination Event (as defined in the Swap Agreement) where the Issuer has the right to designate an Early Termination Date in respect of the outstanding Credit Default Swap Transaction under the Swap Agreement.

  • Such replacement will be chosen either by the Issuer,with the prior approval of the Trustee and (unless either a Counterparty Bankruptcy Credit Event in relation to the Swap Counterparty or a Swap Counterparty Event has occurred) the Swap Counterparty or by the Noteholders acting by Extraordinary Resolution.

  • The date on which such Early Redemption Notice is deemed to have been given shall be an “Early Redemption Trigger Date”.The Trustee need not do anything to find out if a Swap Counterparty Event has occurred.

Related to Swap Counterparty Event

  • Swap Termination Event means any event defined as a “Swap Termination Event” in the Interest Rate Swap Agreement.

  • 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.