Swap Event of Default definition
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.