Swap Termination Option definition

Swap Termination Option means, with respect to each Swap Agreement, a “Swap Termination Option” as defined in such Swap Agreement.
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Swap Termination Option means the option of the Portfolio Swap Counterparty, to designate, by not less than 5 nor more than 60 Business Days written notice to the Issuer the Payment Date scheduled to fall in April, 2012 or any Payment Date falling thereafter as the Optional Termination Date under the Portfolio Credit Swap.
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Swap Termination Option means the option of the Credit Swap Counterparty, under the Credit Default Swap, to designate an Interest Payment Date as the Optional Termination Date upon giving not more than 90 calendar days' nor less than 45 calendar days' prior written notice to the Issuer and the Administrator following the reduction of the Aggregate Target Reserve Amount to an amount that is below 10% of the Aggregate Target Reserve Amount as at the Effective Date.
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Examples of Swap Termination Option in a sentence

  • Issuer Swap Termination Option If any payment by the Issuer under the Credit Default Swap is subject by law to deduction or withholding for tax, the Issuer shall not be under any obligation to gross-up such payment.


More Definitions of Swap Termination Option

Swap Termination Option means the option of the Swap Counterparty, to designate, (a) at any time after the Initial Closing Date if the Portfolio Notional Amount is less than or equal to 10 per cent. of the Initial Portfolio Notional Amount; or (b) at any time after the Initial Closing Date upon the occurrence of a Regulatory Change and, in each case, upon no more than 90 calendar days nor less than 30 calendar days prior written notice to the Issuer, the Administrator and the Note Trustee, an Interest Payment Date as the Optional Termination Date under the Credit Default Swap.
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Related to Swap Termination Option

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

  • Termination Option Event means an event of a kind defined as such in Section 4.1, 4.2 or 4.8.

  • Termination Right have the respective meanings given in the PRA Contractual Stay Rules.

  • 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.

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

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of:

  • Early Termination Notice is defined in Section 4.2 of this Agreement.

  • Early Termination Date means the date determined in accordance with Section 6(a) or 6(b)(iv).

  • Early Termination Conditions means the types of conditions listed in Schedule A.

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

  • 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;

  • Early Termination Event has the meaning specified in Section 9.2.

  • Early Termination Effective Date is defined in Section 4.2 of this Agreement.

  • Optional Termination The termination of the trust created hereunder in connection with the purchase of the Mortgage Loans pursuant to Section 9.01(a) hereof.

  • Early Termination means the Termination of Employment before Normal Retirement Age for reasons other than death, Disability, Termination for Cause or following a Change of Control.

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Optional Termination Date Any Distribution Date on or after which the Stated Principal Balance (after giving effect to distributions to be made on such Distribution Date) of the Mortgage Loans is less than 10.00% of the Cut-off Date Balance.

  • Termination for Cause or "Cause" shall mean termination because of the Executive's personal dishonesty, willful misconduct, any breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, conviction of a felony with respect to the Bank or the Company or any material breach of this Agreement. For purposes of this Section, no act, or the failure to act, on the Executive's part shall be "willful" unless done, or omitted to be done, in bad faith and without reasonable belief that the action or omission was in the best interest of the Company or its affiliates. Any act, or failure to act, based upon authority given pursuant to a resolution duly adopted by the Board or based upon the written advice of counsel for the Company shall be conclusively presumed to be done, or omitted to be done, by the Executive in good faith and in the best interests of the Company. Notwithstanding the foregoing, the Executive shall not be deemed to have been terminated for Cause unless and until there shall have been delivered to him a Notice of Termination which shall include a copy of a resolution duly adopted by the affirmative vote of not less than three-fourths of the members of the Board at a meeting of the Board called and held for that purpose (after reasonable notice to the Executive and an opportunity for him, together with counsel, to be heard before the Board), finding that in the good faith opinion of the Board, the Executive was guilty of conduct justifying Termination for Cause and specifying the particulars thereof in detail. The Executive shall not have the right to receive compensation or other benefits for any period after Termination for Cause.

  • Lease Termination Date means the last day of the Lease Term.

  • Post-Termination Period means the twelve (12) month period beginning on the Termination Date.

  • Termination Notice means the communication issued in accordance with this Agreement by one Party to the other Party terminating this Agreement;

  • Early Termination Rate means the lesser of (i) 6.5% per annum, compounded annually, and (ii) LIBOR plus 100 basis points.

  • Additional Termination Event has the meaning specified in Section 5(b).