Secured Swap Contract definition

Secured Swap Contract means any Swap Contract between any Loan Party and a Lender or an Affiliate of a Lender that has been designated in writing by the applicable Lender (or Affiliate of a Lender) to the Administrative Agent and the Company as a “Secured Swap Contract”; provided that for the purposes of the Loan Documents in no circumstances shall any Excluded Swap Obligations constitute Obligations with respect to any Secured Swap Contract.

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

Secured Swap Contract means each Swap Contract to which the Borrower is now or hereafter a party with any Lender or its Affiliates.

Examples of Secured Swap Contract in a sentence

• Any notice required or permitted to be given under --------------- this Assignment shall be given (i) in the case of the Assignor and each Lender, in accordance with the Credit Agreement, (ii) in the case of a L/C Creditor, in accordance with the relevant Secured Letter of Credit and (iii) in the case of a Swap Creditor, in accordance with the relevant Secured Swap Contract.

• The benchmark used to determine whether market yields are being achieved shall be the three-month U.S. Treasury Bill.

• Any repayment or prepayment made pursuant to this Section 2.04 shall not affect Borrower’s obligation to continue to make payments under any Secured Swap Contract, which shall remain in full force and effect notwithstanding such repayment or prepayment, subject to the terms of such Secured Swap Contract.

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

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.

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 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 is defined in the Credit Agreement.

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

Secured Swap Contract means any interest rate Swap Contract required or permitted under Article VI or VII that is entered into by and between the Borrower and any Hedge Bank.