Subordinated Hedge Termination Payment means any termination payment payable by the Issuer to a Hedge Counterparty where the related termination results from either (a) and “event of default” under the related Interest Rate Hedge where the Hedge Counterparty is the “defaulting party,” or (b) a “termination event” (other than “illegality” or “tax event”) under the related Interest Rate Hedge for which the Hedge Counterparty is the sole “affected party.”]
Subordinated Hedge Termination Payment means any Hedge Termination Payment owed by the Borrower to the Hedge Counterparty under a Hedge Agreement where the Hedge Counterparty is the “defaulting party” or sole “affected party” (other than with respect to “illegality” or a “tax event”), as each such term is defined in such Hedge Agreement.
Subordinated Hedge Termination Payment means any amount payable by the Issuer to a Hedge Counterparty upon termination of any Hedge Agreement in whole following the occurrence of an "Event of Default" or "Termination Event" (each as defined in such Hedge Agreement) under which the Hedge Counterparty was the sole "Defaulting Party" or the sole "Affected Party" (each such term as defined in such Hedge Agreement).
More Definitions of Subordinated Hedge Termination Payment
Subordinated Hedge Termination Payment means any Hedge Termination Payment owed by the Borrower to the Hedge Counterparty under a Hedge Agreement where the Hedge Counterparty is the “defaulting party” or sole “affected party” (other than with respect to “illegality” or a “tax event”), as each such term is defined in such Hedge Agreement. I-27 “[●]” Indicates that text has been omitted which is the subject of a confidential treatment request. This text has been separately filed with the SEC.