Reference Swap definition

Reference Swap means a credit derivative transaction deemed for the purpose of this Transaction to have been entered into between Party A as protection buyer and an unspecified third party as protection seller on the terms set out in Schedule 1 hereto.

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Reference Swap means the portfolio credit default swap between the Issuer (as protection seller) and the Swap Counterparty (as protection buyer) having an Initial Subordination Amount equal to USD 180,000,000 and dated 4 April 2007 and which constitutes the reference swap in relation to the Super Senior Leveraged Notes.

Reference Swap means each Reference Obligation which is a notional credit default swap, as described in paragraph B4 (Reference Swaps) of the section of this Securities Note headed "The Underlying Assets".

Examples of Reference Swap in a sentence

• If the Reference Swap Transaction Value is determined to be an amount payable to the Swap Provider, the Borrower shall pay such amount to the Agent on demand for the account of the Swap Provider.

• If any Bank or the Agent on its behalf receives or recovers all or any part of an Unpaid Sum or the Loan otherwise than on the Maturity Date, the Agent will ask the Swap Provider to calculate the Reference Swap Transaction Value on the date of such receipt or recovery.

• If the Reference Swap Transaction Value is determined to be an amount payable by the Swap Provider, the Swap Provider shall pay such amount to the Agent for the account of the Borrower.

• In such case, the Interest Rate Impact shall be equal to the negative of the following: (A) present value of all remaining fixed rate cash flows under the Reference Swap until the maturity date of the Reference Swap, minus (B) the present value of all expected floating rate cash flows under the Reference Swap until the maturity date of the Reference Swap.

• Notwithstanding anything contained herein to the contrary, upon any prepayment by or on behalf of the Borrower (whether voluntary, on default or otherwise), the Borrower shall also pay to the Bank as compensation for the cost of being prepared to advance fixed rate funds hereunder an amount (the "Cost of Prepayment") equal to the negative ▇▇▇▇-to-market value of the Reference Swap as of the date of such prepayment as determined by the Lender.

More Definitions of Reference Swap

Reference Swap means a hypothetical cross currency swap between the Issuer and a relevant Reference Dealer, whereby the relevant Reference Dealer pays to the Issuer the Scheduled RON Amounts, in exchange for receiving the Scheduled EUR Amounts on the relevant Dates, adjusted for good Business Days, as set out in the schedule below:

Reference Swap means a credit derivative transaction deemed for the purpose of this Transaction to have been entered into between Party A as protection buyer and an unspecified third party as protection seller on the terms set out in Schedule 1 hereto but provided that each amount specified in Schedule 1 hereto shall be deemed to have been mutiplied by an amount equal to the relevant Released Proportion (as defined in the Original Default Swap Confirmation).

Reference Swap means an interest rate swap (a) deemed to have been entered into no later than two London banking days prior to the Conversion Date (and confirmed in writing to the Company) and commencing on the Conversion Date, (b) having a notional amount at any time equal to that part of the aggregate principal amount of the Loans outstanding on the Conversion Date and which has become subject to the Break Event, (c) maturing on the Maturity Date and (d) obligating the floating rate payor to make payments on each Interest Payment Date after the Conversion Date at LIBOR determined two London banking days before the next preceding Interest Payment Date for three-month U.S. Dollar deposits plus .80% per annum, calculated for actual days elapsed on a 360-day year basis, in exchange for receiving fixed rate payments from a fixed rate payor on such dates in such amounts as set forth on Schedule 2.05(A) (each such rate, the "Reference Fixed Rate", which the parties agree will be the swap market rate two London banking days before the Interest

Reference Swap means the portfolio credit default swap between the Issuer (as protection seller) and the Swap Counterparty (as protection buyer) having an Initial

Reference Swap means a credit derivative transaction deemed for the purpose of this

Reference Swap means a notional swap between the Issuer and the Swap Counterparty whereby the Swap Counterparty pays the aggregate Scheduled Redemption Amount due under the terms of the Notes in respect of an amount of Notes with a face value equal to the Principal Amount Held of the Covered Charged Assets, and the Issuer pays to the Swap Counterparty the interest and principal amounts due under the terms of the Principal Amount Held of Covered Charged Assets.

Reference Swap means a hypothetical interest rate swap entered into on November 2, 2016 to be effective through the Maturity Date, based upon the swap transaction terms set forth on Schedule 4.3.3 hereof. In determining the Reference Swap, the Lender may consider information (including the Bloomberg swap valuation platform) of the same type used by Lender in the regular course of business for the valuation of interest rate swaps that are similar to the Reference Swap.