{"component": "definition", "props": {"groups": [{"snippet": "means a commodity derivative contract that is cash-settled based on the difference between: (a) the price of natural gas at one particular pricing point and (b) the price of natural gas at a different delivery location or pricing point.", "samples": [{"hash": "iBerVN0bflM", "uri": "/contracts/iBerVN0bflM#basis-swap", "label": "Common Terms Agreement (Venture Global, Inc.)", "score": 37.3586584531, "published": true}, {"hash": "lblR0w0F1sm", "uri": "/contracts/lblR0w0F1sm#basis-swap", "label": "Common Terms Agreement (Venture Global, Inc.)", "score": 35.967830658, "published": true}, {"hash": "403J47Cjowf", "uri": "/contracts/403J47Cjowf#basis-swap", "label": "Common Terms Agreement (Venture Global, Inc.)", "score": 35.967830658, "published": true}], "snippet_links": [{"key": "derivative-contract", "type": "clause", "offset": [18, 37]}, {"key": "based-on", "type": "clause", "offset": [59, 67]}, {"key": "the-price", "type": "clause", "offset": [96, 105]}, {"key": "natural-gas", "type": "clause", "offset": [109, 120]}, {"key": "delivery-location", "type": "clause", "offset": [201, 218]}], "size": 14, "hash": "6136561eac97feb5592f803d62bceb30", "id": 1}, {"snippet": "means the Transaction entered into between Party A, Party B and the Manager on the terms specified in the form of the Confirmation set out in Annexure 1 (or as otherwise agreed between Party A, Party B and the Manager).", "samples": [{"hash": "d5PJCOHROb0", "uri": "/contracts/d5PJCOHROb0#basis-swap", "label": "Isda Master Agreement (Securitisation Advisory Services Pty LTD)", "score": 19.0, "published": true}, {"hash": "hlkPgzAq2YM", "uri": "/contracts/hlkPgzAq2YM#basis-swap", "label": "Interest Rate Swap Agreement (Securitisation Advisory Services Pty LTD)", "score": 18.0, "published": true}, {"hash": "clxRtPorG3P", "uri": "/contracts/clxRtPorG3P#basis-swap", "label": "Isda Master Agreement (Interest Rate Swap Agreement) (Securitisation Advisory Services Pty LTD 2000 Med Trust)", "score": 18.0, "published": true}], "snippet_links": [{"key": "the-transaction", "type": "clause", "offset": [6, 21]}, {"key": "entered-into", "type": "clause", "offset": [22, 34]}, {"key": "party-a", "type": "definition", "offset": [43, 50]}, {"key": "party-b", "type": "definition", "offset": [52, 59]}, {"key": "the-manager", "type": "definition", "offset": [64, 75]}, {"key": "the-terms", "type": "definition", "offset": [79, 88]}, {"key": "form-of", "type": "clause", "offset": [106, 113]}, {"key": "set-out", "type": "definition", "offset": [131, 138]}, {"key": "annexure-1", "type": "definition", "offset": [142, 152]}], "size": 11, "hash": "917ece2ba0411d5c9ab0f3b0e4bc0cd1", "id": 2}, {"snippet": "A contract in which two parties exchange cash flows linked to the difference between the price of a specific quantity of commodities at a particular physical location or quality / grade and the price of the same quantity of commodities on an organized exchange at a different physical location or of a different quality/grade. Cap: Contract which has a maximum price. This is generally purchased by customers that want the opportunity to benefit from expected future price declines, though want to limit their exposure to future price increases.", "samples": [{"hash": "iKv8VK3l5Oo", "uri": "/contracts/iKv8VK3l5Oo#basis-swap", "label": "Credit Agreement (Sprague Resources LP)", "score": 25.9445590973, "published": true}, {"hash": "2vgMofdHJuV", "uri": "/contracts/2vgMofdHJuV#basis-swap", "label": "Credit Agreement (Sprague Resources LP)", "score": 24.8439426422, "published": true}, {"hash": "bbXSJR7gkoJ", "uri": "/contracts/bbXSJR7gkoJ#basis-swap", "label": "Credit Agreement (Sprague Resources LP)", "score": 24.7289524078, "published": true}], "snippet_links": [{"key": "cash-flows", "type": "definition", "offset": [41, 51]}, {"key": "the-price", "type": "clause", "offset": [85, 94]}, {"key": "quantity-of", "type": "clause", "offset": [109, 120]}, {"key": "physical-location", "type": "clause", "offset": [149, 166]}, {"key": "price-of-the", "type": "clause", "offset": [194, 206]}, {"key": "maximum-price", "type": "clause", "offset": [353, 366]}, {"key": "by-customers", "type": "clause", "offset": [396, 408]}, {"key": "the-opportunity", "type": "clause", "offset": [419, 434]}, {"key": "future-price", "type": "definition", "offset": [460, 472]}, {"key": "price-increases", "type": "clause", "offset": [529, 544]}], "size": 5, "hash": "6c86904fc93cd0c41592050f667bebf2", "id": 3}, {"snippet": "has the same meaning as in the Interest Rate Swap Agreement.", "samples": [{"hash": "jKEimMTGDza", "uri": "/contracts/jKEimMTGDza#basis-swap", "label": "Series Supplement (Securitisation Advisory Services Pty LTD)", "score": 18.0, "published": true}, {"hash": "eHrgDV3pceG", "uri": "/contracts/eHrgDV3pceG#basis-swap", "label": "Series Supplement (Securitisation Advisory Services Pty LTD)", "score": 18.0, "published": true}, {"hash": "6lL2xdVm2Tg", "uri": "/contracts/6lL2xdVm2Tg#basis-swap", "label": "Series Supplement (Securitisation Advisory Services Pty LTD)", "score": 18.0, "published": true}], "snippet_links": [{"key": "same-meaning", "type": "clause", "offset": [8, 20]}, {"key": "interest-rate-swap-agreement", "type": "definition", "offset": [31, 59]}], "size": 4, "hash": "227bc080d59961bd4a2b0760b96e1295", "id": 4}, {"snippet": "means a basis swap in which both legs reference standard indices over the same currency and a horizon of up to 12 months.", "samples": [{"hash": "ihZCo65k6xT", "uri": "/contracts/ihZCo65k6xT#basis-swap", "label": "Credit Support Annex", "score": 28.7067050934, "published": true}, {"hash": "biQmV3OfJSd", "uri": "/contracts/biQmV3OfJSd#basis-swap", "label": "Credit Support Annex", "score": 28.7067050934, "published": true}], "snippet_links": [{"key": "reference-standard", "type": "definition", "offset": [38, 56]}], "size": 2, "hash": "ec72295fff4e1a5ae569fde56ad86510", "id": 5}, {"snippet": "means the transaction under the ISDA Master Agreement and Schedule, dated as of the Closing Date, between the Issuer and the Basis Swap Counterparty.", "samples": [{"hash": "8W8zfmN5ZJ", "uri": "/contracts/8W8zfmN5ZJ#basis-swap", "label": "Indenture (Taberna Realty Finance Trust)", "score": 21.0, "published": true}], "snippet_links": [{"key": "the-transaction", "type": "clause", "offset": [6, 21]}, {"key": "isda-master-agreement-and-schedule", "type": "definition", "offset": [32, 66]}, {"key": "as-of-the-closing-date", "type": "clause", "offset": [74, 96]}, {"key": "the-issuer", "type": "definition", "offset": [106, 116]}, {"key": "the-basis", "type": "clause", "offset": [121, 130]}, {"key": "swap-counterparty", "type": "definition", "offset": [131, 148]}], "size": 2, "hash": "a50cce8488ecb00067c1a146ca448fdf", "id": 6}, {"snippet": "means an inter est rate swap or exchange agreement or comparable transaction between the County and anot her entity in which each part y to the transaction agrees to make periodic payments to the other party to such transaction, with the amount of each such periodic payment determined by multiplying a specified notionalamount by a rate derived froma specified variable rate of interest or fluctuating interest rate index that is published or otherwise announced on a regular basis by one or more financial publications or financial information services; provided (a) that any such periodic payment amount may be adjusted by adding thereto or subtracting therefrom an incremental amount deter mined by multiplying said not ional amount by a specified percentage rate and (b) that any such transaction may also include agreements by one or both of the parties to make one or more payments in addition to the periodic payments previously described.", "samples": [{"hash": "eQfpCYY69lb", "uri": "https://www.jccal.org/Sites/Jefferson_County/AppData/DocLib/Main/SWI-2003-B-9THSUPPLEMENT.pdf", "label": "Supplemental Indenture", "score": 7.0, "published": false}], "snippet_links": [{"key": "an-inter", "type": "clause", "offset": [6, 14]}, {"key": "agreement-or", "type": "definition", "offset": [41, 53]}, {"key": "comparable-transaction", "type": "definition", "offset": [54, 76]}, {"key": "the-county", "type": "definition", "offset": [85, 95]}, {"key": "the-transaction", "type": "clause", "offset": [140, 155]}, {"key": "agrees-to", "type": "clause", "offset": [156, 165]}, {"key": "payments-to-the", "type": "clause", "offset": [180, 195]}, {"key": "other-party", "type": "definition", "offset": [196, 207]}, {"key": "variable-rate-of-interest", "type": "definition", "offset": [362, 387]}, {"key": "interest-rate-index", "type": "definition", "offset": [403, 422]}, {"key": "on-a-regular-basis", "type": "definition", "offset": [464, 482]}, {"key": "financial-publications", "type": "clause", "offset": [498, 520]}, {"key": "information-services", "type": "definition", "offset": [534, 554]}, {"key": "periodic-payment-amount", "type": "definition", "offset": [583, 606]}, {"key": "incremental-amount", "type": "definition", "offset": [669, 687]}, {"key": "percentage-rate", "type": "definition", "offset": [752, 767]}, {"key": "of-the-parties", "type": "clause", "offset": [845, 859]}, {"key": "in-addition-to-the", "type": "clause", "offset": [889, 907]}], "size": 1, "hash": "324ae15125c7e0f5a5f5d93a9f8e59d0", "id": 7}, {"snippet": "A transaction in which one party pays periodic amounts of a given currency based on a floating rate (usually NYMEX +/- basis rate) and the other party pays periodic amounts of the same currency based on another floating rate (usually an index such as Inside FERC), with both rates reset periodically.", "samples": [{"hash": "dSbrDULF5BS", "uri": "/contracts/dSbrDULF5BS#basis-swap", "label": "Continuing Covenant Agreement (New Jersey Resources Corp)", "score": 25.7446956635, "published": true}], "snippet_links": [{"key": "one-party", "type": "definition", "offset": [23, 32]}, {"key": "based-on", "type": "clause", "offset": [75, 83]}, {"key": "floating-rate", "type": "definition", "offset": [86, 99]}, {"key": "basis-rate", "type": "clause", "offset": [119, 129]}, {"key": "other-party", "type": "definition", "offset": [139, 150]}], "size": 1, "hash": "034bbf1d0bc317e8968a6c25096c081b", "id": 8}, {"snippet": "means that certain letter agreement, dated December 27, 2006, between Morgan Stanley Capital Services Inc. and Skynet relating to $1,054,000,000 in respect of the term loan B under the Financing;\u201d", "samples": [{"hash": "1UZpD4uLBDP", "uri": "https://d18rn0p25nwr6d.cloudfront.net/CIK-0001006269/e7735bfa-625e-41a1-9a2e-91900947fe61.pdf", "label": "d18rn0p25nwr6d.cloudfront.net", "score": 5.0, "published": false}], "snippet_links": [{"key": "letter-agreement", "type": "clause", "offset": [19, 35]}, {"key": "morgan-stanley", "type": "definition", "offset": [70, 84]}, {"key": "relating-to", "type": "definition", "offset": [118, 129]}, {"key": "in-respect-of", "type": "clause", "offset": [145, 158]}, {"key": "term-loan-b", "type": "clause", "offset": [163, 174]}, {"key": "the-financing", "type": "clause", "offset": [181, 194]}], "size": 1, "hash": "0993c1133c98514d02a4c7cabfc86f69", "id": 9}, {"snippet": "Each of the 2007-RN1 Note Basis Swap, the Class A Term Note Basis Swap, the Class B Term Note Basis Swap, the Class C Term Note Basis Swap and any other basis swap for a series of Notes or class of Certificates entered into between the Issuing entity and the Swap Counterparty, as each of the same may be amended, supplemented, renewed, extended or replaced from time to time. From and after the date, if any, on which any Contingent Basis Swaps become effective as provided in the Triparty Agreement, each shall constitute an \u201cBasis Swap\u201d for all purposes under the Basic Documents.", "samples": [{"hash": "jOfslw6nRvO", "uri": "/contracts/jOfslw6nRvO#basis-swap", "label": "Trust Sale and Servicing Agreement (Superior Wholesale Inventory Financing Trust 2007-Ae-1)", "score": 21.0, "published": true}], "snippet_links": [{"key": "class-a-term-note", "type": "definition", "offset": [42, 59]}, {"key": "b-term-note", "type": "definition", "offset": [82, 93]}, {"key": "c-term-note", "type": "definition", "offset": [116, 127]}, {"key": "series-of-notes", "type": "definition", "offset": [170, 185]}, {"key": "class-of-certificates", "type": "definition", "offset": [189, 210]}, {"key": "entered-into", "type": "clause", "offset": [211, 223]}, {"key": "issuing-entity", "type": "definition", "offset": [236, 250]}, {"key": "swap-counterparty", "type": "definition", "offset": [259, 276]}, {"key": "from-time-to-time", "type": "clause", "offset": [358, 375]}, {"key": "become-effective", "type": "clause", "offset": [446, 462]}, {"key": "triparty-agreement", "type": "definition", "offset": [482, 500]}, {"key": "all-purposes", "type": "clause", "offset": [544, 556]}, {"key": "basic-documents", "type": "definition", "offset": [567, 582]}], "size": 1, "hash": "4bcd82fb51648efa8d3da37b862b00a1", "id": 10}], "next_curs": "ClcSUWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjMLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiITYmFzaXMtc3dhcCMwMDAwMDAwYQyiAQJlbhgAIAA=", "definition": {"snippet": "means a commodity derivative contract that is cash-settled based on the difference between: (a) the price of natural gas at one particular pricing point and (b) the price of natural gas at a different delivery location or pricing point.", "title": "Basis Swap", "size": 52, "id": "basis-swap", "examples": ["The following is an Additional Termination Event in relation to which Party B is the only Affected Party and the <strong>Basis Swap</strong> is the only Affected Transaction: If, on any day on which the weighted average Mortgage Rate applicable to the Mortgage Loans forming part of the Assets of the Series Trust which are charged interest at a variable rate is equal to or greater than the then Threshold Rate, Party A notifies Party B and each Rating Agency of its intention to terminate the <strong>Basis Swap</strong>.", "A prepayment on the first day of any Calculation Period by Party A under Section 18(c) will constitute a prepayment of Party A&#x27;s payment obligations (to the extent thereof) in respect of the <strong>Basis Swap</strong> for the Calculation Period commencing on that Distribution Date.", "This Agreement shall terminate upon termination of the last <strong>Basis Swap</strong> with the Primary Swap Counterparty.", "Party A&#x27;s obligations to make any payment under the <strong>Basis Swap</strong> and the Fixed Swap on that Payment Date will be reduced (prior to any payment netting under Section 2(c) taking effect) by the same proportion as the reduction in Party B&#x27;s payment obligations in respect of the <strong>Basis Swap</strong> and the Fixed Swap on that Payment Date (prior to any payment netting under Section 2(c) taking effect).", "The following is an Additional Termination Event in relation to which Party B is the only Affected Party and a <strong>Basis Swap</strong> is the only Affected Transaction: If, on any day on which the weighted average Mortgage Rate applicable to the Mortgage Loans forming part of the Assets of the Series Trust which are charged interest at a variable rate is equal to or greater than the then Threshold Rate, Party A notifies Party B and each Rating Agency of its intention to terminate the relevant <strong>Basis Swap</strong>.", "If the Servicer is notified of a Threshold Rate under clause 9.1, it will, not more than 7 Business Days following the date on which the <strong>Basis Swap</strong> is terminated, ensure that the interest rate payable on each Purchased Receivable which is subject to a variable rate is set not less than the Threshold Rate and shall promptly notify the relevant Obligors of the change in accordance with the Receivable Agreements.", "A prepayment on the first day of any Calculation Period by Party A under Section 18(c) will constitute a prepayment of Party A&#x27;s payment obligations (to the extent thereof) in respect of each <strong>Basis Swap</strong> for the Calculation Period commencing on the relevant Monthly or Quarterly Distribution Date.", "Limited, ABN 88 064 133 946 Annexure 1A Form of confirmation for Monthly <strong>Basis Swap</strong> - Series [ ] Medallion Trust [Commonwealth Bank of Australia Letterhead] [DATE] To: Perpetual Trustee Company Limited Securitisation Advisory Services Pty.", "This letter is a confirmation evidencing a complete and binding agreement between Westpac Banking Corporation (&quot;Party A&quot;) and Westpac Securities Administration Limited (&quot;Party B&quot;) as trustee of the Series \u2587\u2587\u2587\u2587-\u2587\u2587 \u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587 to the terms of the Variable Rate <strong>Basis Swap</strong> below until the Termination Date.", "Annexure 1 Form of confirmation for <strong>Basis Swap</strong> - Medallion Trust Series 2004-1G [Commonwealth Bank of Australia Letterhead] [DATE] To: Perpetual Trustee Company Limited Securitisation Advisory Services Pty."], "related": [["floating-swap-payment", "Floating Swap Payment", "Floating Swap Payment"], ["eligible-swap-counterparty", "Eligible Swap Counterparty", "Eligible Swap Counterparty"], ["fixed-swap-payment", "Fixed Swap Payment", "Fixed Swap Payment"], ["swap", "Swap", "Swap"], ["asset-swap", "Asset Swap", "Asset Swap"]], "related_snippets": [], "updated": "2026-05-15T04:24:17+00:00"}, "json": true, "cursor": ""}}