Underlying Counterparty definition

Underlying Counterparty means a member of the panel of one or more high grade international banks from which the Issuer will purchase Cap Investments; and
Sample 1Sample 2Sample 3
Underlying Counterparty means an entity from which the Issuer will purchase Cap Investments; and
Sample 1

Examples of Underlying Counterparty in a sentence

  • Any amount that becomes payable to the Certificate Holder by the Issuer will be paid within five (5) Business Days of the receipt of the relevant Proceeds from the Underlying Counterparty by the Issuer.

  • All capitalised terms that are not defined below in these Conditions have the meanings given to them in the Deed Poll, the Subscription Agreement or the relevant Confirmed Certificate Terms.The Issue Price paid by the Subscriber of each Cap-It Certificate will be applied solely by the Issuer to finance the Issuer's purchase of a Cap Investment from an Underlying Counterparty and payment of its fees.

  • Subject to the terms of the Deed Poll, no Certificate Holder will have any entitlement or standing to enforce the Underlying Investment nor direct recourse to, or any contractual relationship with, the Underlying Counterparty.

  • The Issue Price paid by the Subscriber of each Cap-It Certificate will be applied solely by the Issuer to finance the Issuer's purchase of a Cap Investment from an Underlying Counterparty and payment of its fees.

  • Holders of Cap-It Certificates will have no contractual or other relationship with the Underlying Counterparty with which Cap-It Issuer Limited may contract to acquire a Cap Investment nor any right to collect from the Underlying Counterparty on the Cap-It Certificate or the corresponding Cap Investment.

  • No Certificate Holder will have any entitlement or standing to enforce the Cap Investment or direct recourse to the Underlying Counterparty.

  • Cap-It Issuer Limited shall not at any time have any responsibility for, or obligation or liability in respect of, the condition, financial or otherwise, creditworthiness, affairs, status or nature of any Underlying Counterparty.

  • All capitalised terms that are not defined below in these Conditions have the meanings given to them in the Deed Poll, the Subscription Agreement or the relevant Confirmed Certificate Terms.The Issue Price paid by the Subscriber of each Cap-It Certificate will be applied solely by the Issuer to finance the Issuer's purchase of a Cap Investment from an Underlying Counterparty and payment of the Issuer Mark-up.

  • Neither Cap-It Issuer Limited nor Cap-It Financial Limited makes any representation or warranty in respect of the performance and observance by any Underlying Counterparty of its obligations under the relevant Cap Investment or the recoverability of any Proceeds from any Underlying Counterparty in relation to such Cap Investment.

  • Neither Cap- It Issuer Limited nor Cap-It Financial Limited shall at any time be liable for any representation or warranty or any act, default or omission of any Underlying Counterparty under or in respect of any Cap Investment.

Related to Underlying Counterparty

  • Derivative Counterparty means any party to any Derivative Agreement other than the Issuer or the Indenture Trustee.

  • Hedging Counterparty means HSBC Bank plc or any Affiliate of HSBC Bank plc or any other party

  • Reporting Counterparty means, for purposes of Part 45 of CFTC Regulations, the Participant or Authorized Trader that is designated as such pursuant to Rule 528(b).

  • Hedge Counterparty means a Lender, the Administrative Agent or any of the Lender’s or the Administrative Agent’s affiliates (at the time a hedging agreement is entered into) who has entered into a hedging agreement for the purpose of hedging interest rate liabilities and/or any exchange rate and/or commodity price risks provided it has become a party, or by execution of an additional bank secured party acknowledgment has agreed to be bound by the terms of, to the First Lien Intercreditor Agreement in its capacity as hedge counterparty.

  • Swap Counterparty means Lender or an Affiliate of Lender, in its capacity as counterparty under any Swap Contract.

  • Eligible Swap Counterparty means an entity, which may be an affiliate of a remarketing agent, engaged in the business of entering into derivative instrument contracts that satisfies the Rating Agency Condition.

  • Hedging Agreement Provider means any Person that enters into a Secured Hedging Agreement with a Credit Party or any of its Subsidiaries that is permitted by Section 6.1(d) to the extent such Person is a Lender, an Affiliate of a Lender or any other Person that was a Lender (or an Affiliate of a Lender) at the time it entered into the Secured Hedging Agreement but has ceased to be a Lender (or whose Affiliate has ceased to be a Lender) under the Credit Agreement.

  • Counterparty means PJMSettlement as the contracting party, in its name and own right and not as an agent, to an agreement or transaction with a Market Participant or other entities, including the agreements and transactions with customers regarding transmission service and other transactions under the PJM Tariff and the Operating Agreement. PJMSettlement shall not be a counterparty to (i) any bilateral transactions between Members, or (ii) any Member’s self- supply of energy to serve its load, or (iii) any Member’s self-schedule of energy reported to the Office of the Interconnection to the extent that energy serves that Member’s own load.

  • Swap Provider means any Person that, at the time it enters into a Swap Agreement is a Lender or an Affiliate of a Lender, in its capacity as a party to such Swap Agreement.

  • Eligible Counterparty means an “Eligible Counterparty” for the purposes of the Law.

  • Secured Swap Provider means (i) a Lender or an Affiliate of a Lender (or a Person who was a Lender or an Affiliate of a Lender at the time of execution and delivery of a Rate Contract) who has entered into a Secured Rate Contract with Borrower, or (ii) a Person with whom Borrower has entered into a Secured Rate Contract provided or arranged by GE Capital or an Affiliate of GE Capital, and any assignee thereof.

  • Cap Provider means the third-party financial institution approved by Lender that is the counterparty under any Cap Agreement or Replacement Cap Agreement.

  • Series Enhancer means the Person or Persons providing any Series Enhancement, other than (except to the extent otherwise provided with respect to any Series in the Indenture Supplement for such Series) the Noteholders of any Series or Class which is subordinated to another Series or Class.

  • Hedge Provider means Xxxxx Fargo or any of its Affiliates.

  • Cap Counterparty Not applicable.

  • Acceptable Counterparty means any counterparty to the Interest Rate Cap Agreement that has and shall maintain, until the expiration of the applicable Interest Rate Cap Agreement, a long-term unsecured debt rating of at least “A+” by S&P and “Aa3” from Xxxxx’x, which rating shall not include a “t” or otherwise reflect a termination risk and is otherwise reasonably acceptable to Lender.

  • Lender Counterparty means each Lender or any Affiliate of a Lender counterparty to a Hedge Agreement (including any Person who is a Lender (and any Affiliate thereof) as of the Closing Date but subsequently, whether before or after entering into a Hedge Agreement, ceases to be a Lender) including, without limitation, each such Affiliate that enters into a joinder agreement with Collateral Agent.

  • Approved Counterparty means (a) any Lender or any Affiliate of a Lender and (b) any other Person whose long term senior unsecured debt rating is A-/A3 by S&P or Xxxxx’x (or their equivalent) or higher.

  • Note Insurer means MBIA Insurance Corporation, a New York stock insurance corporation, and its successors and assigns.

  • Interest Rate Cap Provider if any, shall mean the entity listed as the Interest Rate Cap Provider in the Series Term Sheet, in its capacity as obligor under the Class Interest Rate Caps, or if any Replacement Class Interest Rate Caps or Qualified Substitute Cap Arrangements are obtained pursuant to Section 15, the obligor with respect to such Replacement Class Interest Rate Caps or Qualified Substitute Cap Arrangements.

  • Backup Servicing Fee means, as to each Distribution Date, $4,000; provided, however, that if the Backup Servicer becomes the successor Servicer, such fee shall no longer be paid.

  • Swap Providers means, collectively, the Asset Swap Providers, the Liability Swap Providers and the providers of any other swap agreements entered into in connection with the Programme;

  • Credit Enhancement Provider means, with respect to any Securities, any person issuing, funding or otherwise making available, for the benefit of Securityholders or any party to a Serviced Corporate Trust Contract, an asset as an enhancement of the credit quality or liquidity of any Securities or the mortgage assets or other assets pledged for or underlying such Securities, such as a letter of credit, surety bond, insurance policy, guaranty, reserve fund pledge or collateral undertaking.

  • Enhancement Provider means the Person providing any Enhancement as designated in the applicable Series Supplement.

  • Counterparty Downgrade Collateral Account means an interest-bearing account of the Issuer with the Custodian into which all Counterparty Downgrade Collateral is to be deposited.

  • Lead Securitization Noteholder means the holder of the Lead Securitization Note.