Swap Indebtedness definition

Swap Indebtedness means any liability of the Borrower or any Designated Subsidiary to a Swap Lender under a Swap Agreement;

Swap Indebtedness means collectively, all of the obligations, indebtedness and liabilities (present or future, absolute or contingent, mature or not) of Pengrowth or its affiliates under, pursuant or relating to any and all Lender Swap Agreements;

Swap Indebtedness means, at any time, the aggregate amount owing by the Loan Parties under all Lender Swaps, and when such amount is calculated at any time on or after the Adjustment Time means, for each Swap Lender an amount determined by such Swap Lender by calculating for each of its Lender Swaps, the Termination Amount and determining the difference, if positive, of the aggregate net amounts payable by any Loan Party to such Swap Lender;

Examples of Swap Indebtedness in a sentence

• To allow safe and suitable access by service and emergency vehicles.

• Sharon Strocchia, ‘Learning the Virtues’, in Women’s Education in Early Modern Europe, ed.

• The Borrower and the Lenders agree and acknowledge that, subject to Section 16.4, the Security is being shared pari passu and equally among the Lenders and the Swap Lenders to secure the Obligations and the Cash Management Obligations of the Loan Parties under the Loan Documents and Permitted Swap Indebtedness on a rateable basis; and that the Agent will hold the Security for the benefit of the Lenders hereunder and the Swap Lenders with respect to all the Permitted Swap Indebtedness.

• On the Effective Date and at the time set forth in Section 3.1, (a) Cona shall assume, and shall be deemed to assume, all Swap Indebtedness, and (b) to the extent that a Swap Lender in respect of a Swap Agreement in force immediately prior to the Effective Time is not a lender under Cona’s credit facilities, Cona shall cause the lender(s) under its credit facilities to novate into the position of such Swap Lender in respect of such Swap Lender’s Swap Indebtedness.

• The Agent will discharge all of the Security at the Borrower's expense forthwith after all of the Loan Parties' Obligations under the Credit Facilities and the Swap Indebtedness have been unconditionally and irrevocably paid or satisfied in full and will discharge the Security in respect of a given Subsidiary if such Subsidiary ceases to be a Restricted Subsidiary hereunder.

More Definitions of Swap Indebtedness

Swap Indebtedness as defined in the recitals. ----------------- --------

Swap Indebtedness has the meaning assigned to such term in the definition of Excluded Swap Obligation.

Swap Indebtedness means, collectively, all of the obligations, indebtedness and liabilities (present or future, absolute or contingent, mature or not) of Pengrowth or its affiliates under, pursuant to or relating to any and all Lender Swap Agreements;

Swap Indebtedness means all indebtedness, liabilities, fees, costs, assessments, or obligations, now existing or hereafter arising, due or to become due, absolute or contingent, by Borrower to CRBT under any Swap Transaction or Swap Transaction Documents.

Swap Indebtedness means the actual Indebtedness or obligations of the Borrower to a Swap Lender under or pursuant to a Swap Document.

Swap Indebtedness has the meaning assigned to such term in the recitals hereof.

Swap Indebtedness has the meaning given to it in Recital A. Tax means a tax, levy, charge, impost, fee, deduction, withholding or duty of any nature, including stamp and transaction duty or any goods and services tax (including GST), value added tax or consumption tax, which is imposed or collected by a Government Authority, except where the context requires otherwise. This includes any interest, fine, penalty, charge, fee or other amount imposed in addition to those amounts, but does not include a tax on the overall net income of the Mortgagee.