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

  • 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).

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

  • Reverse Termination Fee has the meaning set forth in Section 7.02(b).

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