Swap Indebtedness definition

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

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

Examples of Swap Indebtedness in a sentence

The parties agree that all Swap Indebtedness shall be guaranteed under the Loan Party Guarantee and secured by the Security and shall, as to the Security, rank pari passu with the Obligations, the Cash Management Facility Indebtedness and the Operating Facility Indebtedness.
All Term Indebtedness, Operating Indebtedness and Swap Indebtedness shall rank in right of payment in priority to the Intercompany Subordinated Debt, the Convertible Debt and the Subordinated Debt.
The parties agree that all Cash Management Obligations and Creditcard Obligations shall be secured by the Security and shall rank, as to the Security, pari passu with the Syndicated Borrowings, the Operating Borrowings and the Permitted Swap Indebtedness, notwithstanding that they do not form part of the Syndicated Borrowings and Operating Borrowings.
Upon the occurrence of an Event of Default under the Swap Indebtedness, ▇▇▇▇▇▇ has the right to exercise all of its rights and remedies under the Loan Documents including acceleration of the Note.
The Borrower acknowledges and agrees that any and all Collateral (hereinafter defined) granted to secure the Note and the other Loan Documents shall also secure any and all Swap Indebtedness.

More Definitions of Swap Indebtedness

Swap Indebtedness means, as 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;

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;

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 as defined in the recitals. ----------------- --------

Swap Indebtedness means indebtedness, liabilities, fees, costs, assessments, or obligations, now existing or hereafter arising, due or to become due, absolute or contingent, of the Borrowers to the Lender under any Swap Transaction, Swap Transaction Documents, or Financial Contract. “Swap Termination Value” in respect of any one or more Swap Transaction Documents, means after taking into account the effect of any legally enforceable netting agreement relating to such Swap Transaction Documents (a) for any date on or after the date such Swap Transaction Documents have been closed out and termination values determined in accordance therewith, such termination values and (b) for any date prior to the date referenced in subsection (a), the amounts determined as the mark-to-market values for such Swap Transaction Documents, as determined based upon one or more mid-market or other readily available quotations provided by any recognized dealer in such Swap Transaction Documents (which may include the Lender or any Affiliate of the Lender). “Swap Transaction” means (i) any transaction now existing or hereafter entered into between Borrowers and Lender that is a rate swap, basis swap, forward rate transaction, commodity swap, commodity option, equity or equity index swap, bond option, interest rate option, foreign exchange transaction, rate cap transaction, rate floor transaction, rate collar transaction, currency swap, cross-currency rate swap, currency option, and other similar transaction (including any option to enter into any of the foregoing, and (ii) any combination of the foregoing. “Swap Transaction Document(s)” means any and all documents related to any Swap Transaction by and between the Borrowers and Lender, including the following: 2002 Multicurrency-Cross Border version of the ISDA Master Agreement, the Schedule to the Master Agreement, any Credit Support Annexes, any Swap Trade Confirmation, Risk Disclosure Statement, Eligible Contract Participant Verification Form, Financial Contracts, and all such other related documents as Lender may reasonably require. “Sweep Agreement” has the meaning provided in Section 2.03 of this Agreement. “Taxes” means any and all present or future income, stamp, or other taxes, levies, imposts, duties, deductions, charges, fees, or withholdings imposed, levied, withheld, or assessed by any Governmental Authority, together with any interest, additions to tax, or penalties imposed thereon and with respect thereto. “Term Loan A” means the Loa...