Swap Tax Credit definition

Swap Tax Credit means any amounts relating to tax credits payable by the Issuer to the Swap Counterparty pursuant to the provisions of any Swap Agreement;

Swap Tax Credit means any amounts relating to tax credits payable by the Issuer to any Swap Counterparty pursuant to the provisions of any Swap Agreement;

Swap Tax Credit means any credit, allowance, set-off or repayment received by the Issuer in respect of tax from the tax authorities of any jurisdiction relating to any deduction or withholding giving rise to an increased payment by the Interest Rate Swap Counterparty to the Issuer;

Examples of Swap Tax Credit in a sentence

• Any (i) Excess Swap Collateral, (ii) Swap Tax Credit Amounts and(iii) Swap Replacement Premium Amount, (together referred to as the Swap Priority Amounts) will be paid directly to the Swap Provider and will not be applied in accordance with the Priority of Payments.

• If a premium is received from a replacement swap provider, such premium shall, to the extent of any such amount due as a termination payment to the Swap Provider whose swap has terminated (a Swap Replacement Premium Amount), be paid directly to such Swap Provider and not via the Priority of Payments or the Post-Enforcement Priority of Payments, as the case may be, and the same shall apply to Excess Swap Collateral, Excess Cap Collateral, Swap Subsidy Liquidity Amounts and Swap Tax Credit Amounts.