Interest Rate Hedge Counterparty definition

Interest Rate Hedge Counterparty means each financial institution with which the Issuer enters into an Interest Rate Hedge Transaction or any permitted assignee or successor thereto under the terms of the related Interest Rate Hedge Transaction and in each case which satisfies the applicable Rating Requirement (taking into account any guarantor thereof), and provided always that such financial institution has the regulatory capacity, as a matter of Dutch law, to enter into derivatives transactions with Dutch residents.

Interest Rate Hedge Counterparty means each financial institution with which the Issuer enters into an Interest Rate Hedge Transaction or any permitted assignee or successor thereto under the terms of the related Interest Rate Hedge Transaction and in each case which satisfies the applicable Rating Requirement (taking into account any guarantor thereof).

Interest Rate Hedge Counterparty means each financial institution with which the Issuer enters into an Interest Rate Hedge Agreement or any permitted assignee or successor thereto under the terms of the related Interest Rate Hedge Agreement in each case, which satisfies the applicable Rating Requirement (taking into account any guarantor thereof).

Examples of Interest Rate Hedge Counterparty in a sentence

• However, the Issuer will depend on each Interest Rate Hedge Counterparty to perform its obligations under any Interest Rate Hedge Transaction to which it is a party and if any Interest Rate Hedge Counterparty defaults or becomes unable to perform due to insolvency or otherwise, the Issuer may not receive payments it would otherwise be entitled to from such Interest Rate Hedge Counterparty to cover its interest rate risk exposure.

• Furthermore, the terms of the Interest Rate Hedge Agreements may provide for the ability of the Interest Rate Hedge Counterparty to terminate such Interest Rate Hedge Agreement upon the occurrence of certain events, including related to certain regulatory matters.

• If any Interest Rate Hedge Counterparty defaults or becomes unable to perform due to insolvency or otherwise, the Issuer may not receive payments it would otherwise be entitled to from such Interest Rate Hedge Counterparty to cover its interest rate risk exposure.

• The Issuer will depend on each Interest Rate Hedge Counterparty to perform its obligations under any Interest Rate Hedge Transaction to which it is party.

• Any such termination in the case of an Interest Rate Hedge Transaction would result in the Issuer’s exposure to interest rate exposure increasing, and may result in the Issuer being required to pay a termination amount to the relevant Interest Rate Hedge Counterparty.

More Definitions of Interest Rate Hedge Counterparty

Interest Rate Hedge Counterparty means any Person who is a Lender, an Agent or an Affiliate of a Lender, an Agent or an Arranger (or any Person who was a Lender, an Agent or an Arranger or an Affiliate of a Lender, an Agent or Arranger at the time of execution and delivery of the applicable Interest Rate Hedge Agreement) who has entered into an Interest Rate Hedge Agreement. For the avoidance of doubt, each Interest Rate Hedge Counterparty may continue to be an Interest Rate Hedge Counterparty regardless of whether it or its Affiliates ceases to be a Lender.

Interest Rate Hedge Counterparty means each financial institution with which the Issuer enters into an Interest Rate Hedge Agreement or any permitted assignee or successor under any Interest Rate Hedge Agreement which, in each case, satisfies the applicable Required Ratings (as defined in the relevant Hedge Agreement) upon the date of entry into such agreement (or in respect of which Rating Agency Confirmation has been obtained on such date) and provided always that such financial institution has the regulatory capacity as a matter of Dutch law to enter into derivatives transactions with Dutch residents.

Interest Rate Hedge Counterparty means each financial institution with which the Issuer enters into an Interest Rate Hedge Agreement or any permitted assignee or successor thereto under the terms of such Interest Rate Hedge Agreement and which, in each case, has the regulatory capacity, as a matter of Dutch law, to enter into derivative transactions with residents of The Netherlands and satisfies the applicable Rating Requirement (or whose obligations are guaranteed by a guarantor which satisfies the applicable Rating Requirement).

Interest Rate Hedge Counterparty means each financial institution (other than the Collateral Manager or an Affiliate thereof) meeting the Required Rating with which the Issuer enters into an Interest Rate Hedge Agreement in respect of which Rating Agency Confirmation has been received or, upon any termination of any Interest Rate Hedge Agreement with such counterparty and replacement thereof, any financial institution (other than the Collateral Manager or an Affiliate thereof) in respect of which Rating Agency Confirmation has been received (taking into account any guarantor thereof) or, in each case, any permitted assignee or successor (other than the Collateral Manager or an Affiliate thereof) thereto under any Interest Rate Hedge Agreement in respect of which Rating Agency Confirmation has been received and “Interest Rate Hedge Counterparties” means, as the context may require, any or all of them;

Interest Rate Hedge Counterparty means any financial institution which, at the time it enters into an Interest Rate Hedge Agreement, satisfies the applicable Rating Requirement and is authorised to conduct derivatives business with residents domiciled in Ireland.

Interest Rate Hedge Counterparty. Any Eligible Interest Rate Hedge Counterparty or any counterparty to a cap, collar or other hedging instrument permitted to be entered into pursuant to the Indenture.

Interest Rate Hedge Counterparty means CPF’s counterparty under a Series 2012-1 Interest Rate Hedge.