Subordinated Swap Obligations definition

Subordinated Swap Obligations has the assigned to such term in the Swap Intercreditor Agreement; provided, however, that the Subordinated Swap Obligations shall not include any amounts or obligations to which the Administrative Agent has expressly consented in writing to the inclusion thereof in the definition of “Swap Obligations” (as defined in the Swap Intercreditor Agreement).

Examples of Subordinated Swap Obligations in a sentence

  • No Loan Party shall, directly or indirectly, make any optional or voluntary payment, prepayment, repurchase or redemption of any Indebtedness for borrowed money or any Subordinated Swap Obligations, except, subject to the limitations in Section 2.7, the Obligations.