Swap Advisor definition

Swap Advisor means an individual or entity that provides advisory services with experience in the area of derivative transactions for issuers of debt. A Swap Advisor’s fiduciary duty in a transaction must strictly be only to the Governmental Entity. The Swap Advisor must disclose to the Governmental Entity all relationships to any other transaction participant outside of the transaction. In the case of a conduit financing, the conduit issuer, its staff, consultants and contractors shall not serve as the Swap Advisor to the borrower. A Swap Advisor may serve also as the Governmental Entity's Financial Advisor.
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Swap Advisor means a third party professional registered with the SEC as a swap advisor that provides hedge advisory services, with demonstrated experience with municipal derivatives and which qualifies as a Qualified Independent Representative (“QIR”) in accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”) and makes necessary representations and agreements to comply with the Dodd-Frank Act.
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Examples of Swap Advisor in a sentence

  • The Swap Advisor will meet all the necessary registration, qualification and other requirements required under applicable law, rules and regulations.

  • In addition, the Swap Advisor must be consistent with all necessary FRMC representations related to the Swap Advisor under the International Swaps and Derivatives Association, Inc.

  • FRMC will periodically evaluate the performance and services of its Swap Advisor and will periodically update this Policy to reflect any changes and additions to such rules and regulations affecting the requirements related to swap advisors.

  • The contract between the City and its Swap Advisor shall also contain such terms and conditions as the Swap Advisor and the City shall mutually agree upon.

  • Before entering into an Interest Rate Exchange Agreement, FRMC shall evaluate, with the assistance of its Swap Advisor, all the risks inherent in the transaction.

  • Consult with Financial Advisor and/or Swap Advisor before entering any derivative contract.

  • The City will periodically update its IREA policy to reflect any changes and additions to such rules and regulations affecting the requirements related to swap advisors and will periodically evaluate the performance and services provided by its Swap Advisor.

  • Further, the Swap Advisor shall not receive any compensation from a counterparty related to a City derivative without prior written consent of the City.

  • The inclusion of such provisions will be determined by FRMC in connection with its Swap Advisor and based on the circumstances surrounding a particular transaction or financing.

  • This includes any compensation the Swap Advisor has received from a potential counterparty in the preceding 12 months and any business relationships the Swap Advisor has with any potential counterparty.

Related to Swap Advisor

  • Swap Agreement means any agreement with respect to any swap, forward, future or derivative transaction or option or similar agreement involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic, financial or pricing risk or value or any similar transaction or any combination of these transactions; provided that no phantom stock or similar plan providing for payments only on account of services provided by current or former directors, officers, employees or consultants of the Borrower or the Subsidiaries shall be a Swap Agreement.

  • Trust Advisor means the trust advisor, operating advisor or other analogous term appointed as provided in the Lead Securitization Servicing Agreement.

  • Swap Counterparty means a Lender or an Affiliate of a Lender that has entered into a Hedging Arrangement with a Credit Party as permitted by the terms of this Agreement.

  • Eligible Operating Advisor An entity (i) that is the special servicer or operating advisor on a transaction rated by any of Moody’s, Fitch, KBRA, S&P and/or DBRS Morningstar but has not been the special servicer or operating advisor on a transaction for which Moody’s, Fitch, KBRA, S&P and/or DBRS Morningstar has qualified, downgraded or withdrawn its rating or ratings of, one or more classes of certificates for such transaction citing servicing concerns with the special servicer or operating advisor, as applicable, as the sole or material factor in such rating action, (ii) that (x) has been regularly engaged in the business of analyzing and advising clients in commercial mortgage-backed securities matters and has at least five years of experience in collateral analysis and loss projections, and (y) has at least five years of experience in commercial real estate asset management and experience in the workout and management of distressed commercial real estate assets, (iii) that can and will make the representations and warranties set forth in Section 2.09(a) of this Agreement, (iv) that is not (and is not affiliated with) the Depositor, the Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, any Mortgage Loan Seller, any Directing Holder, any Consulting Party or a depositor, a trustee, a certificate administrator, a master servicer or a special servicer with respect to the securitization of a Companion Loan, or any of their respective Affiliates, (v) that has not been paid any fees, compensation or other remuneration by any entity acting as Special Servicer or successor Special Servicer (x) in respect of its obligations under this Agreement or (y) for the recommendation of the replacement of the Special Servicer or the appointment of a successor special servicer to become the Special Servicer and (vi) that does not directly or indirectly, through one or more Affiliates or otherwise, own any interest in any Certificates, the Uncertificated VRR Interest, any Mortgage Loans, any Companion Loan or any securities backed by a Companion Loan or otherwise have any financial interest in the securitization transaction to which this Agreement relates, other than in fees from its role as Operating Advisor or any fees to which it is entitled as Asset Representations Reviewer, if the Person acting as Operating Advisor is also acting as Asset Representations Reviewer.