Swap Counterparty Event of Default means the occurrence of an "Event of Default" under the Swap Agreement in respect of which the Swap Counterparty is the "Defaulting Party" (each as defined in the Swap Agreement);
Swap Counterparty Event of Default means an Event of Default (as defined in the Swap) with respect to the Swap Counterparty.
Swap Counterparty Event of Default means any event designated as Event of Default, Termination Event or Additional Termination Event in the Swap Agreement.
Examples of Swap Counterparty Event of Default in a sentence
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.
More Definitions of Swap Counterparty Event of Default
Swap Counterparty Event of Default means an Event of Default (as defined in the Swap Agreement) in respect of the Swap Counterparty, as further described in Section 5(a) of the Swap Agreement, has occurred or exists, pursuant to which a Swap Early Termination Date may occur or may be designated by the Issuer (or be deemed to have occurred or been designated automatically) in accordance with the terms of the Swap Agreement.