Swap Liquidation definition

Swap Liquidation means the sale, assignment, novation, liquidation, unwind or termination of all or any part of any Swap Agreement (other than, in each case, at its scheduled maturity).
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Swap Liquidation means any transaction that is an early termination of a Swap Contract.
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Swap Liquidation means the sale, assignment, novation (excluding novations between Lenders and/or affiliates of Lenders), liquidation, unwind or termination of all or any part of any Swap Agreement (other than, in each case, at its scheduled maturity).
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Examples of Swap Liquidation in a sentence

  • Within three (3) Business Days after any Swap Liquidation, written notice of such Swap Liquidation, setting forth in reasonable detail, the terms of such Swap Liquidation and any other details thereof reasonably requested by the Administrative Agent or any Lender.

  • Notwithstanding anything to the contrary in Sections 9.10, 9.12 or 9.18 of the Credit Agreement to the contrary, the Loan Parties agree that 100% of the aggregate consideration received in respect of any sale, disposition or Swap Liquidation permitted by such Sections shall consist of cash or Cash Equivalents.

  • The Borrower shall be obligated to make such prepayment and/or deposit of cash collateral on the date it or any Subsidiary receives proceeds as a result of such disposition or the date on which the Swap Liquidation or delisting of MEMP Units occurs; provided that all payments required to be made pursuant to this Section 3.04(c)(v) must be made on or prior to the Termination Date.

  • In reliance on the covenants and agreements contained in this Agreement, and notwithstanding anything to the contrary in the Credit Agreement, the Borrower, the Administrative Agent and the Lenders party hereto hereby agree that upon the consummation of any Specified Swap Liquidation, the Borrowing Base shall be immediately reduced by an amount equal to the proceeds of such Specified Swap Liquidation that are repaid in accordance with Section 2 above.

  • The Borrower shall be obligated to make such prepayment and/or deposit of cash collateral (x) in the case of an adjustment to the Borrowing Base pursuant to Section 2.08(f), on the date it or any of its Subsidiaries receives Net Cash Proceeds from the applicable Disposition, and (y) in the case of an adjustment to the Borrowing Base pursuant to Section 2.08(g), within one (1) Business Day of the date it or any of its Subsidiaries receives Net Cash Proceeds from the applicable Swap Liquidation.

  • For the avoidance of doubt, nothing herein constitutes a commitment by any Approved Counterparty to agree to any Specified Swap Liquidation, in whole or in part, or for the Borrower or any Credit Party to take any commercially unreasonable action with respect to any Specified Swap Liquidation, and nothing herein shall limit or constitute a waiver by any party to any Swap Agreement of any rights, powers and remedies thereunder.

  • The Borrower, the Administrative Agent and the Lenders party hereto hereby agree that upon the consummation of any Specified Swap Liquidation, the Aggregate Elected Commitment Amounts shall be immediately reduced by an amount equal to the proceeds of such Specified Swap Liquidation that are repaid in accordance with Section 2 above.

Related to Swap Liquidation

  • Net Liquidation Proceeds With respect to any Liquidated Mortgage Loan or any other disposition of related Mortgaged Property (including REO Property) the related Liquidation Proceeds net of Advances, Servicing Advances, Servicing Fees and any other accrued and unpaid servicing fees received and retained in connection with the liquidation of such Mortgage Loan or Mortgaged Property.