Swap Event of Default definition

Swap Event of Default. An “Event of Default” as such term is defined in the Swap Agreement.
Swap Event of Default means (i) the failure of the Issuer or the Swap Counterparty to pay any amount when due under the Interest Rate Swap Agreement after giving effect to any applicable grace period; (ii) the occurrence of certain events of insolvency or bankruptcy of the Issuer or the Swap Counterparty as specified in the Interest Rate Swap Agreement and (iii) certain other standard events of default under the 1992 ISDA Master Agreement as specified in the Interest Rate Swap Agreement including "Breach of Agreement" (not applicable to the Issuer), "Misrepresentation" (not applicable to the Issuer) and "Merger without Assumption," as described in Sections 5(a)(ii), 5(a)(iv) and 5(a)(viii) of the 1992 ISDA Master Agreement.
Swap Event of Default means any event defined as an “Swap Event of Default” under the Interest Rate Swap Agreement.

Examples of Swap Event of Default in a sentence

  • The Issuer may, from time to time, enter into one or more replacement Swap Agreements in the event that any Swap Agreement is terminated prior to its scheduled expiration pursuant to a Swap Event of Default or a Swap Termination Event.

  • ACTION ITEMS - *CSPC needs to be contacted with the recommendation that buoy IMB definition needs improvement.

  • The Issuer shall give the Indenture Trustee and the Rating Agencies prompt written notice of each Event of Default hereunder, each default on the part of the Servicer or the Seller of its obligations under the Sale and Servicing Agreement, each default on the part of TMCC of its obligations under the Receivables Purchase Agreement, each Swap Event of Default and any default by the Holder of the Revolving Liquidity Note of its obligations under the Revolving Liquidity Note Agreement.

  • If the Issuer is required to pay an amount equal to the absolute value of such Swap Counterparty Floating Amount, the Issuer may have insufficient funds to make the required payments under such Swap Transaction and, as a result, a Swap Event of Default may occur in relation to the Issuer.

  • The Issuer may, from time to time, enter into one or more replacement Swap Agreement in the event that the Swap Agreement is terminated prior to its scheduled expiration pursuant to a Swap Event of Default or a Swap Termination Event.


More Definitions of Swap Event of Default

Swap Event of Default means, with respect to each of the Issuer and the Swap Counterparty, (1) a payment default (continuing for one (1) Note Business Day, or more) and (2) certain bankruptcy-related events (each as more fully described in the Credit Default Swap).
Swap Event of Default means any event defined as an "Event of Default" under the Interest Rate Swap Agreement.
Swap Event of Default. (i) The failure to make a payment due under the Interest Rate Swap Agreement after notice of such failure is received and expiration of a specified grace period, (ii) certain insolvency or bankruptcy events, and (iii) a merger by the Swap Provider without an assumption of its obligations under the Interest Rate Swap Agreement, each as further described in the Interest Rate Swap Agreement.
Swap Event of Default. An "Event of Default" as such term is defined in the Swap Agreement. Swap LIBOR: LIBOR as determined pursuant to the Swap Agreement.
Swap Event of Default means (i) the failure of the Issuer or the Swap Counterparty to pay any amount when due under the Interest Rate Swap Agreement after giving effect to any applicable grace period; (ii) the occurrence of certain events of insolvency or bankruptcy of the Issuer or the Swap Counterparty as specified in the Interest Rate Swap Agreement and (iii) certain other standard events of default under the 1992 ISDA Master Agreement as specified in the Interest Rate Swap Agreement including "Breach of Agreement" (not applicable to the
Swap Event of Default means the occurrence of an “Event of Default”“ under the Swap Agreement, as defined in the Swap Agreement.]
Swap Event of Default. Events of Default arising or which may arise in respect of Section 10.1(b) of the Credit Agreement as a result of the Borrowers' failure to comply with Section 8.15 of the Credit Agreement.