Examples of Agreement Termination Event in a sentence
No Swap Agreement Termination Event shall have occurred as a result of the Optional Exchange except to the extent of a termination resulting from the reduction in the Hedge Notional Amount (as defined in the Swap Agreement) to an amount equal to the principal amount of the Underlying Securities after giving effect to the Optional Exchange.
If a Swap Agreement Termination Event has occurred for which the Swap Counterparty is the Defaulting Party or the only Affected Party, notwithstanding the termination of the Swap Agreement, the Trustee shall distribute any Unpaid Amounts to the Swap Counterparty from Interest Collections on the Underlying Securities.
Any payments due under the Swap Agreement as a result of the reduction in such Hedge Notional Amount and any such Swap Agreement Termination Event (x) that are due to the Swap Counterparty (including but not limited to Unpaid Amounts) shall have been paid to the Swap Counterparty by the Depositor and (y) that are payable by the Swap Counterparty, shall be payable for the account of the Depositor.
In the event of a Swap Agreement Termination Event, after paying all amounts due to the Swap Counterparty as set forth in the first sentence of this Section 10(b), if no Trust Termination Event has occurred, all Interest Collections shall thereafter be distributed to Certificateholders on each applicable Distribution Date.
The Trustee shall not enter into any amendment or modification of this Agreement that would affect the method, amount or timing of payment due to the Swap Counterparty or the consent rights of the Swap Counterparty hereunder or otherwise materially adversely affect the interests of the Swap Counterparty under the Swap Agreement and result in a Swap Agreement Termination Event, in each case without the prior written consent of the Swap Counterparty.