Dividend Swap definition
Dividend Swap means the dividend swap dated 28 January 2010 and amended with effect from the Amendment Date between the Issuer and Controlinveste pursuant to which the Issuer has agreed to pay to Controlinveste amounts ("Party B Interim Exchange Amounts") equal to any Retained Distribution Amounts received by the Issuer in any Relevant Year (except in respect of any Cash Dividends paid on or after 28 January 2014) and Controlinveste has agreed to pay to the Issuer amounts (the "Party A Fixed Amounts") equal to the amount of interest payable under these Conditions on the relevant Bond Interest Payment Date, but excluding any interest payable on the Interest Payment Date falling on the Maturity Date;"
Examples of Dividend Swap in a sentence
The general terms of each Index Dividend Swap Transaction to which this IDS General Terms Confirmation relates are as follows (unless otherwise specified in the relevant Transaction Supplement as defined in the Master Confirmation Agreement), as supplemented by the Transaction Supplement related to such Transaction: For the purposes of the Equity Definitions, an Index Dividend Swap Transaction to which this IDS General Terms Confirmation applies constitutes an Index Swap Transaction.