Swap Providers definition

Swap Providers means, collectively, the Asset Swap Providers, the Liability Swap Providers and the providers of any other swap agreements entered into in connection with the Programme;

Swap Providers means the Covered Bond Swap Provider and Interest Rate Swap Provider, and each a “Swap Provider”;

Swap Providers means, collectively, the Asset Swap Providers, the Liability Swap Providers and any other entity that may act as swap provider pursuant to a swap agreement entered into in the context of the Programme.

Examples of Swap Providers in a sentence

• If the rating(s) of the Party falls below the level stipulated below, such party is required to be replaced or in the case of the Swap Providers (i) transfer credit support and (ii) replace itself or obtain a guarantee for its obligations.

• The Issuer’s only funds to make payments in respect of a Class of ETP Securities are the amounts received by it from the relevant Swap Provider(s) under the Swap Transactions entered into by the Issuer in relation to that Class.

• If the rating(s) of the Party falls below the level stipulated below, such party is required to be replaced or in the case of the Swap Providers transfer credit support and replace itself or obtain a guarantee for its obligations.

• Description of the flow of fundsThe proceeds of the issuance of a tranche of ETP Securities of a Class will be paid by the Issuer to one or more of the Swap Providers with whom the Issuer has entered into a Swap Transaction in connection with that Class, in order to increase the aggregate number of Index Units in respect of the Swap Transaction(s) entered into by the Issuer in relation to that Class in proportion to the increase in the number of ETP Securities of that Class then outstanding.

• The Issuer's payment obligations in respect of the ETP Securities of a Class will be funded entirely from payments received by the Issuer from the Swap Provider(s) in respect of such Swap Transaction(s).

More Definitions of Swap Providers

Swap Providers means, collectively, Fortis Bank NV/SA, New York Branch, HBOS Treasury Services plc, and NIBC Bank N.V., and in the singular means any one of them.

Swap Providers means each of the Current Issuer Basis Rate Swap Provider, the Current Issuer Dollar Currency Swap Provider and the Current Issuer Euro Currency Swap Provider, or any one of them as the context requires;

Swap Providers means the Covered Bond Swap Providers and the Interest Rate Swap Provider, and each, a Swap Provider; Swaps means the Covered Bond Swaps together with the Interest Rate Swap, and each, a Swap; Talonholders means the several persons who are for the time being holders of the Talons; Talons means the talons (if any) appertaining to, and exchangeable in accordance with the provisions therein contained for further Coupons appertaining to, the Definitive Covered Bonds (other than Zero Coupon Covered Bonds), such talons being substantially in the form set out in Part 6 of Schedule 2 to the Trust Deed or in such other form as may be agreed between the Issuer, the Principal Paying Agent, the Bond Trustee and the relevant Dealer(s) and includes any replacements for Talons issued pursuant to Condition 10 (Replacement of Covered Bonds, Receipts, Coupons and Talons) of the Programme Conditions; TARGET System means, in accordance with Condition 4.7(a)(ii) of the Programme Conditions (in the case of Covered Bonds which are not N Covered Bonds) and the N Covered Bond Conditions (in the case of N Covered Bonds), the Trans-European Automated Real-Time Gross Settlement Express Transfer payment system (TARGET2), which utilises a single shared platform and which was launched on 19 November 2007; Taxes means all present and future taxes, levies, imposts, duties (other than stamp duty), fees, deductions, withholdings or charges of any nature whatsoever and wheresoever imposed, including, without limitation, income tax, corporation tax, VAT or other tax in respect of added value and any franchise, transfer, sales, gross receipts, use, business, occupation, excise, personal property, real property or other tax imposed by any national, local or supranational taxing or fiscal authority or agency together with any penalties, fines or interest thereon and Tax and Taxation shall be construed accordingly;

Swap Providers. ’ means each of the Current Issuer Basis Rate Swap Provider, the Current Issuer Dollar Currency Swap Providers and the Current Issuer Euro Currency Swap Provider, or any one of them as the context requires;

Swap Providers each has the meaning given to that term in the Facility Agreement.

Swap Providers means either or both of them;

Swap Providers means each of the Lenders (including, for the avoidance of doubt, any entity which has ceased to be a Lender pursuant to clause 12) or their respective affiliate acting in its capacity as a swap provider pursuant to a Swap Agreement and “Swap Provider” means any one or more of them.