Swap Provider Default definition

Swap Provider Default means the occurrence of an Event of Default or Termination Event (each as defined in each of the Swap Agreements) where the relevant Swap Provider is the Defaulting Party or the sole Affected Party (each as defined in relevant Swap Agreement), as applicable, other than a Swap Provider Downgrade Event;
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Swap Provider Default means the occurrence of an Event of Default or swap provider termination event (each as defined in the relevant Swap Agreement) where the relevant Swap Provider is the Defaulting Party or the Affected Party (each as defined in the relevant Swap Agreement);
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Swap Provider Default means any failure of the Swap Provider to make Swap Payments or any other payments (including delivery of collateral) when due under the Swap Agreement.
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Examples of Swap Provider Default in a sentence

  • Swap Provider Default Risk The Swap Provider is currently assigned a Aa2 rating by Moody’s and a A+(with positive outlook) rating by Fitch on its long-term, unsecured, unsubordinated and unguaranteed senior debt.


More Definitions of Swap Provider Default

Swap Provider Default means the occurrence of an Event of Default or Termination Event (each as defined in each of the Swap Agreements) where the relevant Swap Provider is the Defaulting Party or the sole Affected Party (each as defined in the relevant Swap Agreement), as applicable, other than a Swap Provider Downgrade Event; Swap Provider Downgrade Event means the occurrence of an Additional Termination Event (as defined in the relevant Swap Agreement) following a failure by the Swap Provider to comply with the requirements of the ratings downgrade provisions set out in the relevant Swap Agreement; 17012-00007 ICM:5110872.2
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Swap Provider Default means the occurrence of:
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Related to Swap Provider Default

  • Swap Provider The swap provider under the Swap Agreement either (a) entitled to receive payments from the Supplemental Interest Trust or (b) required to make payments to the Supplemental Interest Trust, in either case pursuant to the terms of the Swap Agreement, and any successor in interest or assign. Initially, the Swap Provider shall be Deutsche Bank AG New York Branch.

  • Mortgage Loan Event of Default means an “Event of Default” as defined in the Mortgage Loan Agreement.

  • Customer Default has the meaning set out in clause 8.3.

  • Specified Event of Default means any Event of Default under Section 8.01(a), Section 8.01(f) or Section 8.01(g).