Replacement Counterparty definition

Replacement Counterparty has the meaning set forth in Section 9(a) of this Supplement.]

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Replacement Counterparty has the meaning set forth in Section 3.03.

Replacement Counterparty means, in connection with a Counterparty Replacement Event, either:

Examples of Replacement Counterparty in a sentence

In any case, if there is more than one available Qualified Replacement Counterparty or Approved Replacement Counterparty, as applicable, with the same credit rating, the Swap Agent shall select that prospective Qualified Replacement Counterparty or Approved Replacement Counterparty, as applicable, offering the terms with the lowest overall cost to the Issuer.
Notwithstanding the foregoing, nothing shall prevent the Issuer from seeking or retaining a Swap Agent to seek a Replacement Counterparty.
During such 30 day period, the Swap Agent shall be required to identify a Qualified Replacement Counterparty, or if a Qualified Replacement Counterparty cannot be found, the Swap Agent shall be required to identify the highest rated Replacement Counterparty available that is approved by the Holders of at least 66 2/3% of the Outstanding Amount of the [Floating Rate Tranche] (an "Approved Replacement Counterparty").
In any case, if there is more than one available Qualified Replacement Counterparty or Approved Replacement Counterparty, as applicable, with the same credit rating, the Swap Agent shall select that prospective Qualified Replacement Counterparty or Approved Replacement Counterparty, as applicable, offering the terms with the lowest all-in cost to the Certificate Issuer.
During such 30 day period, the Swap Agent shall be required to identify a Qualified Replacement Counterparty, or if a Qualified Replacement Counterparty cannot be found, the Swap Agent shall be required to identify the highest rated Replacement Counterparty available that is approved by the Holders of at least 66 2/3% of the Outstanding Amount of the Class A-4 Transition Bonds (an "Approved Replacement Counterparty").
During such 30-day period, the Swap Agent shall be required to identify a Qualified Replacement Counterparty, or if a Qualified Replacement Counterparty cannot be found, the Swap Agent shall be required to identify the highest rated Replacement Counterparty available that is approved by the Holders of at least 66 2/3% of the Outstanding Amount of the Class A-4 Certificates (an "Approved Replacement Counterparty").
Any up-front amounts paid by such Replacement Counterparty (net of any expenses of the Certificate Issuer or the Certificate Trustee which may be reimbursable under the Class A-4 Swap Agreement) in connection with its entering into such replacement Class A-4 Swap Agreement shall be paid to the terminated Class A-4 Swap Counterparty.
Any amounts paid by such Replacement Counterparty in connection with its entering into such replacement Class A-4 Swap Agreement shall be paid to the terminated Class A-4 Swap Counterparty (to the extent of any termination payment paid to the Certificate Issuer by the Replacement Swap Counterparty).
During such thirty day period, the Swap Agent shall be required to identify a Qualified Replacement Counterparty, or if a Qualified Replacement Counterparty cannot be found, the Swap Agent shall be required to identify the highest rated Replacement Counterparty available that is approved by the Holders of at least 66 2/3% of the Outstanding Amount of the Class A-4 Transition Bonds (an "Approved Replacement Counterparty").

More Definitions of Replacement Counterparty

Replacement Counterparty means a replacement for Party X selected as provided in this Clause (c). "Required Rating" means Aa3 in the case of ▇▇▇▇▇'▇ Investors Service, Inc. ("Moody's") and either AA or A-l+ in the case of Standard & Poor's Ratings Group ("Standard & Poor's") "Required Rating Agencies" means both Moody's and Standard & Poor's.

Replacement Counterparty has the meaning specified in the Certificate Indenture.

Replacement Counterparty means any person, other than the Original Counterparty, that becomes a counterparty to Hedging Arrangements instead of the Original Counterparty.

Replacement Counterparty means a Transferee that at the time of such transfer satisfies the Counterparty Ratings Requirement; provided, that such assignment or transfer satisfies the Rating Agency Condition. For the avoidance of doubt, the Swap Counterparty shall make such transfer at its sole cost.

Replacement Counterparty shall have the meaning specified in the Contingent Assignment Agreement.

Replacement Counterparty means a replacement for Party A selected as provided in this clause (c). "Required Rating" means a long- term senior unsecured debt rating of at least (x) Aa3 in the case of ▇▇▇▇▇'▇ Investors Service, Inc. ("▇▇▇▇▇'▇"), (y) either at least A+ or (for short-term obligations) A-1 in the case of Standard & Poor's Ratings Group ("Standard & Poor's") and (z) if a counterparty is rated by Fitch, Inc. ("Fitch"), either at least A+ or (for short-term obligations) F1. "Required Rating Agencies" means Moody's, Standard & Poor's and, for so long as Party A is rated by Fitch, Fitch.