Offsetting Counterparty definition
Offsetting Counterparty means General Motors Acceptance Corporation or any successor thereto ("GMAC") under the Fallback Swap Transactions entered into between the Trust and GMAC.
Offsetting Counterparty means GMAC LLC or any successor thereto (“GMAC”) under the Fallback Swap Transaction entered into between the Trust and GMAC.
Offsetting Counterparty means General Motors Acceptance Corporation ("GMAC") or any successor thereto under the swap transaction entered into between (x) the Counterparty and (y) GMAC or any successor thereto or any intermediary between the Counterparty and GMAC.
Examples of Offsetting Counterparty in a sentence
To the extent the Trust and Offsetting Counterparty, in their sole and absolute discretion, terminate the Fallback Swap Transaction and the Trust, in its sole and absolute discretion, enters into the Replacement Fallback Swap Transaction with the Fallback Offsetting Counterparty, in each case, within thirty (30) days of receipt of notice of the reduction of the Joint Probability, the Counterparty will have no further obligations under paragraph (a) above.