Interest Rate Swap Transaction definition

Interest Rate Swap Transaction means the interest rate swap transaction evidenced by the confirmation under the Interest Rate Swap Agreement;
Sample 1Sample 2Sample 3
Interest Rate Swap Transaction means swapping the interest rate basis of a Related Loan or other obligation of the Borrower from a floating to a fixed rate or vice versa.
Sample 1
Interest Rate Swap Transaction means the swap transaction entered into between the Issuer and the Interest Rate Hedge Provider on or about the Closing Date governed by the Interest Rate Hedge Agreement pursuant to which the Issuer will hedge against the possible variance between the fixed rates of interest received on the Fixed Rate Loans in the Portfolio and the rates of interest payable on the Notes;
Sample 1Sample 2Sample 3

Examples of Interest Rate Swap Transaction in a sentence

  • Special Provisions applicable to the Issuer’s Call Option If the Interest Rate Swap Transaction is terminated prior to the Termination Date of this Transaction, following the exercise by the Issuer of the Issuer’s Call Option, this Transaction shall terminate and no termination payment shall be payable by Party A or Party B to the other, nor any further obligation shall be due by any party to the other hereunder.

  • The termination of the Credit Default Swap (including following a Credit Event) shall be an Additional Termination Event in respect of this Interest Rate Swap Transaction, for which purpose the Affected Party shall be Party B, except if Party A is the Defaulting Party or the sole Affected Party in relation to the termination of the Credit Default Swap Transaction, in which case the Affected Party hereunder shall be Party A.

  • In connection with the Building Term Note, the Company entered into an interest rate swap transaction (the "Interest Rate Swap Transaction") with Hancock Whitney Bank effectively fixing the interest rate for the Building Term Note at 4.68%.

  • On 24 June 2014, ABC Two entered into Interest Rate Swap Transaction to swap the interest of the loan facility of USD 19.18 million, from floating interest rate (LIBOR) to fixed interest rate at 2.39% per annum for interest payable during the period from 24 June 2014 to 2 April 2024 with Bangkok Bank PLC.

  • If the Interest Rate Swap Transaction is terminated prior to the Termination Date of this Transaction, following the exercise by the Issuer of the Issuer’s Call Option, this Transaction shall terminate and no termination payment shall be payable by Party A or Party B to the other, nor any further obligation shall be due by any party to the other hereunder.

  • It is hereby understood and agreed that the provisions of this Agreement shall only apply to the Interest Rate Swap Transaction and that no other Transaction may be entered into pursuant hereto.

  • Interest Rate Swap Transaction agreements A subsidiary of the Company has entered into the following interest rate swap transaction agreements with overseas financial institutions : 1.

  • Interest Rate Caps and Interest Rate Collars will not be terminated unless, in the opinion of the Bank, they were established in connection with a Currency or Interest Rate Swap Transaction which has been terminated.7 Where separate bills are submitted (e.g. for CPLs) amounts will be applied to the bill specified by the Borrower.

  • In such a case, the rate of interest payable by the Borrower under the Swap Transaction would be adjusted to reflect the off-marketness of the rate payable by theBorrower under the Related Loan prior to the Interest Rate Swap Transaction.

  • Unless the Bank otherwise agrees, the maximum amount in respect of a Swap Transaction that a Borrower may specify in a single Request is: (a) For both IBRD Hedges and Non-IBRD Hedges: (i) US$500,000,000 equivalent for a Currency Swap Transaction with currency pairs in US Dollars, Euro or Yen;(ii) US$1,000,000,000 equivalent for an Interest Rate Swap Transaction where the currency of denomination is US Dollars, Euro or Yen; and (iii) such other amount as reasonably determined by the Bank.


More Definitions of Interest Rate Swap Transaction

Interest Rate Swap Transaction means each interest rate protection transaction, which may be an interest rate swap transaction or an interest rate cap or an interest rate floor transaction, entered into under an Interest Rate Swap Agreement the terms of which provide for the termination by the Issuer at zero cost at any time;
Sample 1Sample 2
Interest Rate Swap Transaction means each interest rate protection transaction, which is an interest rate swap or any other interest rate derivative transaction pursuant to which scheduled periodic payments are payable by the Issuer to an Interest Rate Swap Counterparty, in each case entered into under a 1992 ISDA Master Agreement (Multicurrency-Cross Border) or 2002 ISDA Master Agreement (or such other ISDA pro forma master agreement as may be published by ISDA from time to time) (together with the schedule relating thereto, the applicable confirmation and any credit support annex entered into pursuant to the terms thereof, and each as amended or supplemented from time to time, an "Interest Rate Swap Agreement"), which is entered into between the Issuer and an Interest Rate Swap Counterparty;
Sample 1Sample 2
Interest Rate Swap Transaction means each interest rate protection transaction entered into under an Interest Rate Swap Agreement which may be an interest rate swap, an interest rate cap or an interest rate floor transaction.
Sample 1
Interest Rate Swap Transaction means any Transaction that is specified to be an Interest Rate Swap Transaction in a Confirmation. 「利率交換交易」指確認書中指定為利率交換交易的任何交易。
Sample 1
Interest Rate Swap Transaction means the interest rate swap transaction under which the Issuer will hedge its interest rate exposure in relation to the floating rate of interest due under the Notes against the fixed rate of interest receivable under the Issuer/Borrower Facility Agreement from (and including) the Closing Date to (and including) the Note Payment Date in October 2011 between the Issuer and Citigroup Global Markets Limited, acting through its offices at 33 Citigroup Centre, Canada Square, Xxxxxx Xxxxx, Xxxxxx X00 0XX and which forms part of and is subject to the Interest Rate Swap Agreement;
Sample 1
Interest Rate Swap Transaction means the Initial Interest Rate Swap Transaction and any Replacement Interest Rate Swap Transaction.
Sample 1

Related to Interest Rate Swap Transaction

  • Interest Rate Agreement means with respect to any Person any interest rate protection agreement, interest rate future agreement, interest rate option agreement, interest rate swap agreement, interest rate cap agreement, interest rate collar agreement, interest rate hedge agreement or other similar agreement or arrangement as to which such Person is party or a beneficiary.

  • Interest Rate Hedge means an interest rate exchange, collar, cap, swap, floor, adjustable strike cap, adjustable strike corridor, cross-currency swap or similar agreements entered into by any Loan Party in order to provide protection to, or minimize the impact upon, such Loan Party of increasing floating rates of interest applicable to Indebtedness.

  • Swap Agreement means any agreement with respect to any swap, forward, future or derivative transaction or option or similar agreement involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic, financial or pricing risk or value or any similar transaction or any combination of these transactions; provided that no phantom stock or similar plan providing for payments only on account of services provided by current or former directors, officers, employees or consultants of the Borrower or the Subsidiaries shall be a Swap Agreement.

  • Lender-Provided Interest Rate Hedge means an Interest Rate Hedge which is provided by PNC or any Affiliate of PNC that: (a) is documented in a standard International Swap Dealers Association, Inc. Master Agreement or another reasonable and customary manner; (b) provides for the method of calculating the reimbursable amount of the provider’s credit exposure in a reasonable and customary manner; and (c) is entered into for hedging (rather than speculative) purposes. The liabilities owing to the provider of any Lender-Provided Interest Rate Hedge (the “Interest Rate Hedge Liabilities”) by any Borrower, Guarantor, or any of their respective Subsidiaries that is party to such Lender-Provided Interest Rate Hedge shall, for purposes of this Agreement and all Other Documents be “Obligations” of such Person and of each other Borrower and Guarantor, be guaranteed obligations under any Guaranty and secured obligations under any Guarantor Security Agreement, as applicable, and otherwise treated as Obligations for purposes of the Other Documents, except to the extent constituting Excluded Hedge Liabilities of such Person. The Liens securing the Hedge Liabilities shall be pari passu with the Liens securing all other Obligations under this Agreement and the Other Documents, subject to the express provisions of Section 11.5 hereof.

  • Floating Interest Rate means the variable annual interest rate calculated for each Interest Adjustment Period so as to equal the Index Rate for such Interest Adjustment Period (truncated at the 5th decimal place if necessary) plus the Margin. However, in no event will the Floating Interest Rate exceed the Capped Interest Rate.

  • Mid-Swap Floating Leg Benchmark Rate means EURIBOR (if the Specified Currency is euro), LIBOR for the Specified Currency (if the Specified Currency is U.S. dollars, Pounds Sterling or Swiss Francs), CIBOR (if the Specified Currency is Danish Kroner), NIBOR (if the Specified Currency is Norwegian Kroner), STIBOR (if the Specified Currency is Swedish Kronor) or (in the case of any other Specified Currency) the benchmark rate most closely connected with such Specified Currency and selected by the Calculation Agent in its discretion after consultation with the Issuer;

  • Mid-Swap Rate means, in relation to a Reset Determination Date and subject to Condition 3(b)(ii), either: