Swap Guarantee definition

Swap Guarantee. If so specified in the Supplement with respect to any Series, the guarantee issued by the Swap Guarantor in favor of the Trust substantially in the form attached as an exhibit to the Swap Agreement.

Swap Guarantee means, in relation to a Series of Securities, the guarantee dated the Issue Date executed by the Swap Guarantor in respect of the payment obligations of the Counterparty under the Swap Agreement(s) (if any).

Swap Guarantee. Swap Guarantor"

Examples of Swap Guarantee in a sentence

• Swap Guarantee: The Swap Agreement is unconditionally and irrevocably guaranteed by the Swap Guarantor.

• The Swap Contract Administrator shall establish and maintain a Swap Administration Account into which the Swap Contract Administrator shall deposit or cause to be deposited on the Business Day of receipt, (x) all amounts remitted by the Trustee for payment to the Counterparty pursuant to the Swap Contract and (y) all amounts payable by the Counterparty under the Swap Contract and by the Guarantor under the Swap Guarantee.

• The Swap Contract Administrator hereby agrees to receive (i) on behalf of CHL and the Trustee, all amounts paid by the Counterparty under the Swap Contract and by the Guarantor under the Swap Guarantee and (ii) on behalf of the Counterparty, all amounts remitted by the Trustee pursuant to the Pooling and Servicing Agreement for payment to the Counterparty.

• CHL and the Trustee desire to appoint the Swap Contract Administrator, and the Swap Contract Administrator desires to accept such appointment, to distribute funds received under the Swap Contract and the Swap Guarantee to the Trustee and to CHL as provided in this Agreement, and, in the case of a NIM Issuance, to distribute Excess Payments in accordance with the related Swap Excess Assignment Agreement (each as defined below).

• Upon the Trustee obtaining actual knowledge of a Failure to Pay or Deliver (as defined in the Swap Contract), the Swap Contract Administrator, at the direction of the Trustee, shall demand payment under the Swap Guarantee.

More Definitions of Swap Guarantee

Swap Guarantee. The guarantee of the Swap Guarantor of the obligations of the Swap Counterparty attached hereto as Exhibit L.

Swap Guarantee. If so specified in the Series Supplement with respect to any Series, the Guarantee issued by the Swap Guarantor in favor of the Trust.

Swap Guarantee. The guaranty, dated as of November 30, 2006, by the Swap Guarantor in favor of the Swap Contract Administrator, a form of which is attached hereto as Exhibit V-3. Swap Guarantor: Lehman Brothers Holdings Inc.

Swap Guarantee. The guarantee (if any) identified in the Terms Schedule of the obligations of the Swap Counterparty under the Swap Agreement. If the Terms Schedule does not specify a swap guarantee, references to the Swap Guarantee and the Swap Guarantor herein shall be deemed deleted.

Swap Guarantee means a guarantee from the Borrower to the Agent on behalf of the Swap Lenders in respect of the Secured Swap Obligations of any of the Restricted Subsidiaries.

Swap Guarantee. If applicable with respect to any Series (or Class within such Series), a Guarantee issued by a Swap Guarantor in favor of the Trust substantially in the form attached as an exhibit to the Swap Agreement.

Swap Guarantee. The guarantee (if any) specified in the Terms Schedule of the obligations of the Swap Counterparty under the Swap Agreement.