Secured Swap Contract definition

Secured Swap Contract means any interest rate or foreign exchange rate Swap Contract that is entered into by and between the Borrower or any of its Subsidiaries and any Swap Bank.

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Secured Swap Contract means any Swap Contract between any Loan Party or any Subsidiary and any Hedge Bank. For the avoidance of doubt, a holder of Obligations in respect of a Secured Swap Contract shall be subject to the provisions of the last paragraph of Section 8.03 and the provisions of Section 9.11.

Secured Swap Contract has the meaning ascribed to it in the Recitals. ---------------------

Examples of Secured Swap Contract in a sentence

Each Approved Counterparty agrees that while it may have the right to terminate or unwind one or more transactions under any Secured Swap Contract entered into by such Approved Counterparty in respect of a Termination Event, only Administrative Agent shall have the right to enforce the remedies provided by the Loan Documents (or otherwise pursue remedies or recourse against the Collateral) arising from such Termination Event under such Secured Swap Contract entered into by such Approved Counterparty.
If an Approved Counterparty sends any such notice in respect of any Loan Party’s default under any Secured Swap Contract to Administrative Agent, then such Approved Counterparty agrees to send notice to Administrative Agent in the event such Loan Party cures said default.
For the avoidance of doubt, nothing contained in this clause (v) shall restrict the rights of an Approved Counterparty to terminate or unwind one or more transactions under any applicable Secured Swap Contract in accordance with the terms hereof.
The failure of any Approved Counterparty to deliver any notice contemplated by this clause (i) shall not (A) affect the validity of any termination or unwind of one or more transactions under any applicable Secured Swap Contract, (B) result in, or form the basis of, any breach of the applicable Secured Swap Contract, or (C) impose any liability on such Approved Counterparty.
Notwithstanding any provisions in the Loan Documents to the contrary, each Lender expressly acknowledges and agrees that all amounts due to such Approved Counterparty under any Secured Swap Contract entered into by such Approved Counterparty belong to, and are the property of, such Approved Counterparty.

More Definitions of Secured Swap Contract

Secured Swap Contract means any Swap Contract required or permitted under this Agreement that is entered into by and between the Borrower and any Swap Bank.

Secured Swap Contract is defined in the Credit Agreement.

Secured Swap Contract means any Swap Contract not prohibited by this Agreement between the Borrower or any Subsidiary, on the one hand, and any Swap Bank, on the other hand.

Secured Swap Contract means any Swap Contract entered into by an Obligor with a Lender or a lender under the Existing Credit Agreement (or an Affiliate of a Lender or of a lender under the Existing Credit Agreement), at the time such Swap Contract was entered into, to hedge interest rate risk of such Obligor and Subsidiaries that are not Insurance Subsidiaries.

Secured Swap Contract means any Swap Contract entered into by an Obligor with a Lender (or an Affiliate of a Lender), at the time such Swap Contract was entered into, to hedge interest rate risk of such Obligor and Subsidiaries that are not Insurance Subsidiaries.

Secured Swap Contract means any Rate Contract or Commodity Agreement between a Credit Party and the counterparty thereto, (i) which has been provided or arranged by a Lender or an Affiliate of Lender (or a Person who was a Lender or an Affiliate of a Lender at the time of execution and delivery of a Rate Contract or Commodity Agreement) and (ii) in the case of a Commodity Agreement, to the extent the counterparty thereto has executed and delivered an agreement in form and substance acceptable to the Agent (in the reasonable discretion of Agent), pursuant to which such counterparty, notwithstanding anything else set forth in the Loan Documents, agrees to irrevocably appoint Agent to exclusively on such counterparty’s behalf enforce rights and remedies with respect to the Collateral under the Loan Documents.

Secured Swap Contract means any Swap Contract entered into between the Issuer or any of its Subsidiaries and a Secured Hedge Provider that is secured under the Priority Lien Documents.