Swap Termination Amounts definition

Swap Termination Amounts. ’ means any payment due to be made by the Issuer under a Swap Agreement upon termination of the relevant Swap Agreement upon the occurrence of an Event of Default (as defined in Condition 9(a)) where the Swap Counterparty is the Defaulting Party (as defined in the Swap Agreements or an Additional Termination Event (as defined in the Swap Agreements) occurs as a result of the rating downgrade of the Swap Counterparty.
Sample 1Sample 2
Swap Termination Amounts means all unpaid termination amounts in respect of any Specified Hedge Contract (including, without limitation, all amounts payable by the Borrower to a Swap Counterparty resulting from any consensual termination or unwind of transactions under any Specified Hedge Contract).
Sample 1Sample 2
Swap Termination Amounts means any payment due to be made by the Issuer under the Swap Agreement upon termination of the Swap Agreement where the sole Defaulting Party or Affected Party (each as defined in the Swap Agreement) in respect of such termination was the Swap Counterparty. See further the section “Credit and Liquidity Structure” below for a description of the Reserve Ledger, the Reserve Fund Required Amount, the Class A Principal Deficiency Ledger and the Class B Principal Deficiency Ledger. Principal Prior to the enforcement of the Security under the Deed of Charge, amounts standing to the credit of the Transaction Account and which will be recorded in the Principal Ledger (as referred to below) in accordance with the provisions of the Deed of Charge and the Mortgage Management and Agency Agreement will comprise, as at each Determination Date, the sum of:
Sample 1

Examples of Swap Termination Amounts in a sentence

  • Any Swap Termination Payment to be made by the Guarantor to the Swap Provider (excluding any Excluded Swap Termination Amounts) will rank pari passu with payments due to the Covered Bondholders under the terms of the Guarantee.

  • Lastly, given the general relevance of the issues under discussion in the judgments referred to above and that the Programme Documents will include terms providing for the subordination of Excluded Swap Termination Amounts, there is a risk that the final outcome of the dispute in such judgments (including any recognition action by the New Zealand courts) may result in negative rating pressure in respect of the Covered Bonds.

  • Such provisions are similar in effect to the terms which are included in the Programme Documents (in particular the Establishment Deed and the Security Deed) relating to the subordination of Excluded Swap Termination Amounts.

  • A New Zealand court would be unlikely to apply a law other than the law of New Zealand to the priority of distribution in respect of Excluded Swap Termination Amounts under the Establishment Deed.

  • The New Zealand courts would be unlikely to apply a law other than the law of New Zealand to the priority of distribution in respect of Excluded Swap Termination Amounts under the Establishment Deed.

  • Ballista seeks to determine instances in which exceptional parameter values produce a non-robust response, and is not focussed on the issue of correctness in normal operating conditions.

  • A3 Distribution Ledger shall reflect the amount of monies from time to time held by the Issuer in respect of the Class A3 Notes in the Series 2005-B Issuer Distribution Account and shall also be credited or debited with any Swap Termination Amounts received or paid by the Issuer with respect to the Class A3 Swap Agreement.

  • Lastly, given the general relevance of the issues under discussion in the judgments referred to above and that the Programme Documents will include terms providing for the subordination of Excluded Swap Termination Amounts, there is a risk that the final outcome of the dispute in such judgments (including any recognition action by the English courts or New Zealand courts) may result in negative rating pressure in respect of the Covered Bonds.

  • The Swap Provider agrees ---------------------------- to pay, for distribution in accordance with this Agreement, all Periodic Swap Payments and Swap Termination Amounts to the Indenture Trustee as provided in Section 2.08 and to otherwise pay and perform all of its other obligations under the Confirmation, the terms of which are hereby incorporated by reference.

  • The investment manager intends to use derivative instruments to hedge foreign currency exposure.


More Definitions of Swap Termination Amounts

Swap Termination Amounts means any payment due to be made by the Issuer under the Swap Agreement upon termination of the Swap Agreement where the sole Defaulting Party or Affected Party (each as defined in the Swap Agreement) in respect of such termination under the Swap Agreement was the Swap Counterparty.The following items are included in those items (“Excluded Items”) which may be paid or provided for prior to the allocation of sums under the Revenue Priority of Payments and/or the Principal Priority of Payments:
Sample 1

Related to Swap Termination Amounts

  • Swap Termination Payment Upon the designation of an “Early Termination Date” as defined in the Swap Agreement, the payment to be made by the Swap Administrator to the Swap Provider from payments from the Trust Fund, or by the Swap Provider to the Swap Administrator for payment to the Trust Fund, as applicable, pursuant to the terms of the Swap Agreement.

  • Termination Amount has the meaning set forth in Section 7.02(a).

  • Defaulted Swap Termination Payment Any Swap Termination Payment required to be paid by the Trust to the Swap Provider pursuant to the Interest Rate Swap Agreement as a result of an Event of Default (as defined in the Interest Rate Swap Agreement) with respect to which the Swap Provider is the defaulting party or a Termination Event (as defined in the Interest Rate Swap Agreement) (other than Illegality or a Tax Event that is not a Tax Event Upon Merger (each as defined in the Interest Rate Swap Agreement )) with respect to which the Swap Provider is the sole Affected Party (as defined in the Interest Rate Swap Agreement).

  • Swap Termination Value means, in respect of any one or more Swap Contracts, after taking into account the effect of any legally enforceable netting agreement relating to such Swap Contracts, (a) for any date on or after the date such Swap Contracts have been closed out and termination value(s) determined in accordance therewith, such termination value(s), and (b) for any date prior to the date referenced in clause (a), the amount(s) determined as the xxxx-to-market value(s) for such Swap Contracts, as determined based upon one or more mid-market or other readily available quotations provided by any recognized dealer in such Swap Contracts (which may include a Lender or any Affiliate of a Lender).

  • Early Termination Amount means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, these Conditions or the relevant Final Terms;

  • Swap Termination Event means any event defined as a “Swap Termination Event” in the Interest Rate Swap Agreement.

  • Termination Payments has the meaning specified in Section 10(a).

  • Estimated Swap Termination Payment means, with respect to an Early Termination Date, an amount determined by Party A in good faith and in a commercially reasonable manner as the maximum payment that could be owed by Party B to Party A in respect of such Early Termination Date pursuant to Section 6(e) of the ISDA Master Agreement, taking into account then current market conditions.

  • Termination Payment Date means the date on which the RECIPIENT is required to repay to ECOLOGY any outstanding balance of the loan and all accrued interest.

  • Termination Payment has the meaning set forth in Section 6.03.

  • Accrual Termination Date Not applicable.

  • Lease Termination Payments means all payments received by or on behalf of any Seller with respect to a Lease with respect to any terminations, surrenders, modifications, renewals or amendments of any such Lease.

  • Termination Price As defined in Section 9.01.

  • Final Termination Date means the last date of the final year in which the Applicant is required to Maintain Viable Presence and as further identified in Section 2.3.E of this Agreement.

  • Loan Termination Date means the earliest to occur of the following: (a) November , 2009, (b) the date the Obligations are accelerated pursuant to this Agreement or the Revolving Note and (c) the date the Bank has received (i) notice in writing from the Borrower of the Borrower’s election to terminate this Agreement or the Revolving Note or (ii) indefeasible payment in full of the Obligations.

  • Termination Percentage has the meaning set forth in Section 2.2.

  • Early Termination Payment is defined in Section 4.3(b) of this Agreement.

  • Series Termination Date means, with respect to any Series of Certificates, the date stated in the related Supplement.

  • Hedge Termination Value means, in respect of any one or more Hedge Agreements, after taking into account the effect of any legally enforceable netting agreement relating to such Hedge Agreements, (a) for any date on or after the date such Hedge Agreements have been closed out and termination value(s) determined in accordance therewith, such termination value(s), and (b) for any date prior to the date referenced in clause (a), the amount(s) determined as the xxxx-to-market value(s) for such Hedge Agreements, as determined based upon one or more mid-market or other readily available quotations provided by any recognized dealer in such Hedge Agreements (which may include a Lender or any Affiliate of a Lender).

  • Termination Fee Event has the meaning ascribed thereto in Section 8.2(2).

  • Swap Payment Date For so long as the Swap Agreement is in effect or any amounts remain unpaid thereunder, the Business Day immediately preceding each Distribution Date.

  • Termination Date Disbursement means an amount drawn under a Multi-Series Letter of Credit pursuant to a Certificate of Termination Date Demand.

  • Escrow Termination Date has the meaning ascribed to such term in Section 9.12.

  • Special Termination Advance means an Advance made pursuant to Section 2.02(g).

  • Derivatives Termination Value means, in respect of any one or more Derivatives Contracts, after taking into account the effect of any legally enforceable netting agreement relating to such Derivatives Contracts, (a) for any date on or after the date such Derivatives Contracts have been closed out and termination value(s) determined in accordance therewith, such termination value(s), and (b) for any date prior to the date referenced in clause (a) the amount(s) determined as the xxxx-to-market value(s) for such Derivatives Contracts, as determined based upon one or more mid-market or other readily available quotations provided by any recognized dealer in such Derivatives Contracts (which may include the Agent or any Lender).

  • Accretion Termination Date As defined in the Series Supplement.