Swap Termination Costs definition

Swap Termination Costs means, in relation to the redemption of any Series of Notes, the net amount payable upon termination (in whole or in part) of any Swap entered into in connection with such Series of Notes (that shall be expressed as a positive amount if payable by the Issuer or a negative amount if payable to the Issuer), determined by the Calculation Agent in its sole discretion on or as soon as reasonably practicable after the date of designation of the relevant Early Redemption Date
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Swap Termination Costs means the aggregate of all amounts payable by Seller or its Affiliates (other than the Company and the Subsidiaries) in connection with the termination of the Swap, including all termination, breakage or other fees and expenses arising thereunder or with respect thereto.
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Swap Termination Costs means an amount in the Note Currency determined by the Calculation Agent under the Charged Agreement, in its sole and absolute discretion, applying such commercially reasonable procedures as it deems appropriate , equal to the Note Currency Equivalent of the amount determined under Section 6(e) of the Charged Agreement (as amended and supplemented thereunder) as a result of terminating the Transaction (as defined in the Charged Agreement) (in whole or part) early (which for these purposes shall be a positive amount if payable to the Swap Counterparty, and a negative amount if payable to the Issuer).
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Examples of Swap Termination Costs in a sentence

  • For the purposes of this Section 3.6 and Section 3.7, (i) the Transfer Tax Costs will be deemed to be accrued but unpaid as of the Distribution Date, regardless of whether such amounts were accrued or payable at such date, and (ii) the Interest Rate Swap Termination Costs will be deemed part of the Closing Existing Net Indebtedness, regardless of whether such amounts were due and payable immediately prior to the Effective Time.

  • Borrower may, by written notice to Bank at least one (1) Business Day prior to the proposed prepayment, prepay the outstanding amount of a Loan in whole or in part with accrued interest to the date of such prepayment on the amount prepaid, without prepayment premium or penalty of any kind, provided that Borrower shall pay any Swap Termination Costs as a result of such prepayment.

  • The Notice of Purchase Price Adjustment Disagreement shall set forth in reasonable detail the basis for such disagreement, the amounts involved and Sellers’ Representative’s determination of the amount of the Initial Working Capital, the Initial Net Indebtedness and the Initial Swap Termination Costs, as applicable.

  • If no Notice of Purchase Price Adjustment Disagreement is received by Buyer on or prior to the expiration date of the Purchase Price Adjustment Review Period, then the Initial Statement, the Initial Working Capital, the Initial Net Indebtedness and the Initial Swap Termination Costs set forth in the Initial Statement shall be deemed to have been accepted by Sellers’ Representative and shall become final and binding upon the Seller Parties and Buyer in accordance with the last sentence of Section 2.4(f).


More Definitions of Swap Termination Costs

Swap Termination Costs means an amount in the Note Currency determined by the Calculation Agent under the Charged Agreement, in its sole and absolute discretion, applying such commercially reasonable procedures as it deems appropriate, equal to the Note Currency Equivalent of the amount determined under (i) Section 6(e) of the Charged Agreement (as amended and supplemented thereunder) as a result of terminating each Transaction (as defined in the Charged Agreement, comprising without limitation, the Asset Swap Transaction and each Transaction comprised in the Basis Swap Package) (in whole or part) early (which for these purposes shall be a positive amount if payable to the Swap Counterparty, and a negative amount if payable to the Issuer) plus (ii) in the case of an Early Redemption Event during the Ramp-Up Period, an embedded charge relating to the value to Party A of the ability for the parties to enter into the Basis Swap Package and its rights to terminate all or part of such Basis Swap Package.
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Related to Swap Termination Costs

  • Termination Costs means all liabilities incurred in connection with or arising out of the withdrawal, departure, resignation or termination of employment (whether actual or alleged constructive termination) of any Seconded Employee, including, without limitation, liabilities relating to or arising out of any claim of discrimination or other illegality in connection with such withdrawal, departure, resignation or termination, including cost of defense of such claims, and also including severance payments and benefits paid to a Seconded Employee in return for a release of claims.

  • 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.

  • 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.

  • 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).

  • 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 Event means the occurrence of a “Termination Event” under the Swap Agreement, as defined in the Swap Agreement.]

  • Termination Payments means any payment or distribution of Compensation or benefits made pursuant to Section 4.1(a)-(c) of this Agreement.

  • Termination Payment means the amount payable by either Party to the other upon Termination in accordance with Article 23;

  • Termination Fee Event has the meaning ascribed thereto in Section 5.2(a);

  • Reimbursable Costs means expenses incurred by the employee in the course of engaging in the planned learning activity and include registration, tuition and examination fees as well as textbooks/discs and applicable taxes. They may also include reasonable, incremental meal, accommodation and travel expenses.

  • Workout-Delayed Reimbursement Amounts With respect to any Mortgage Loan or Serviced Loan Combination, the amount of any Advance made with respect to such Mortgage Loan or Serviced Loan Combination on or before the date such Mortgage Loan or Serviced Loan Combination becomes (or, but for the making of three monthly payments under its modified terms, would then constitute) a Corrected Loan, together with (to the extent accrued and unpaid) interest on such Advances, to the extent that (i) such Advance is not reimbursed to the Person who made such Advance on or before the date, if any, on which such Mortgage Loan or Serviced Loan Combination becomes a Corrected Loan and (ii) the amount of such Advance becomes a future obligation of the Mortgagor to pay under the terms of modified Loan Documents. That any amount constitutes all or a portion of any Workout-Delayed Reimbursement Amount shall not in any manner limit the right of any Person hereunder to determine in the future that such amount instead constitutes a Nonrecoverable Advance.

  • Transition Costs means the reasonable costs and expenses (including reasonable attorneys’ fees but excluding overhead) incurred or payable by the Successor Servicer in connection with the transfer of servicing (whether due to termination, resignation or otherwise), including allowable compensation of employees and overhead costs incurred or payable in connection with the transfer of the Receivable Files or any amendment to the Sale and Servicing Agreement required in connection with the transfer of servicing.

  • Accrual Termination Date Not applicable.

  • Workout-Delayed Reimbursement Amount As defined in subsection (II)(i) of Section 3.05(a).

  • Company Termination Fee has the meaning set forth in Section 7.3(a).

  • Accretion Termination Date As defined in the Series Supplement.

  • Non-Cash Compensation Expense means any non-cash expenses and costs that result from the issuance of stock-based awards, partnership interest-based awards and similar incentive based compensation awards or arrangements.

  • Termination Proceeds means any proceeds arising out of a sale of Receivables (or interests therein) pursuant to subsection 12.01(b) of the Agreement with respect to Series 2001-D.

  • Loan Termination Date means each day on which a deposit is made into the Collateral Account in respect of Terminated Loans.

  • Reverse Termination Fee shall have the meaning specified in Section 9.3(b).

  • Termination Charges means any compensatory charges payable by the Customer to BT on termination of this Agreement in whole or in part or a Service as set out in a Schedule or Order.

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

  • Early Termination Fee has the meaning set forth in Section 7.2.

  • 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;

  • 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).

  • Facility Termination Date means the date as of which all of the following shall have occurred: (a) the Aggregate Commitments have terminated, (b) all Obligations have been paid in full (other than contingent indemnification obligations), and (c) all Letters of Credit have terminated or expired (other than Letters of Credit as to which other arrangements with respect thereto satisfactory to the Administrative Agent and the L/C Issuer shall have been made).