Swap Agent definition

Swap Agent has the meaning set forth in Section 9(a) of this Supplement.]

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Swap Agent means BNP Paribas.

Swap Agent means the entity appointed by the Remarketing Agents that is acting as agent for the Remarketing Agents and for the benefit of the Reset Rate Noteholders, and directed by the Remarketing Agents to enter into a Reset Date Currency Swap Agreement.

Examples of Swap Agent in a sentence

• In any case, if there is more than one available Qualified Replacement Counterparty or Approved Replacement Counterparty, as applicable, with the same credit rating, the Swap Agent shall select that prospective Qualified Replacement Counterparty or Approved Replacement Counterparty, as applicable, offering the terms with the lowest overall cost to the Issuer.

• Notwithstanding the foregoing, nothing shall prevent the Issuer from seeking or retaining a Swap Agent to seek a Replacement Counterparty.

• The terms and conditions of the Remarketing Agreement will govern the duties and obligations of the Remarketing Agents and each Swap Agent.

• The costs and expenses of a Swap Agent appointed pursuant to this Section 9(a) shall be an Operating Expense to be paid by the Issuer pursuant to Section 8.02(e)(iv), to the extent not paid by the Swap Counterparty .

• During such 30 day period, the Swap Agent shall be required to identify a Qualified Replacement Counterparty, or if a Qualified Replacement Counterparty cannot be found, the Swap Agent shall be required to identify the highest rated Replacement Counterparty available that is approved by the Holders of at least 66 2/3% of the Outstanding Amount of the [Floating Rate Tranche] (an "Approved Replacement Counterparty").

• Other than the Builder in respect of Clauses 3.3 and 10.23 and the Swap Agent in respect of Clauses 3.2, 8.5 and 10.23, a person who is not a Party has no right under the Contracts (Rights of Third Parties) ▇▇▇ ▇▇▇▇ to enforce or to enjoy the benefit of any term of this Agreement.

• On or before the Spread Determination Date, the Remarketing Agents, in consultation with the Administrator, will select the Swap Counterparty or Counterparties and any related Swap Agents and will cause any such Swap Agent or Swap Agents to enter into the required Swap Agreements on the Reset Date for the upcoming Reset Period.

• Any such funding costs incurred by the Swap Agent shall be deemed to have been incurred by the Agent.

• No Swap Agreement will be entered into or caused to be entered into by the Trust, the Administrator on its behalf, the Remarketing Agents or a Swap Agent on their behalf, for any Reset Period where either the Call Option has been exercised or a Failed Remarketing has been declared.

• None of the Agent, the Lenders or the Borrower shall modify, revoke or withhold the instructions set out in Clauses 3.2 and 3.3 without the agreement of the Builder (in the case of Clause 3.3.1 only), the Agent, the Lenders or the other Lenders (as the case may be) and the Swap Agent (in the case of Clause 3.2 only).

More Definitions of Swap Agent

Swap Agent has the meaning set forth in Section 3.03.

Swap Agent means initially, CDC IXIS Capital Markets, London Branch for the Initial Reset Date Currency Swap Agreement and for any subsequent Reset Date Currency Swap Agreement, the entity appointed by the Remarketing Agents that is acting as agent for the Remarketing Agents and for the benefit of the related Reset Rate Noteholders, and directed by the Remarketing Agents to enter into a Reset Date Currency Swap Agreement.

Swap Agent means initially, Citibank, N.A., for the Initial Reset Date Currency Swap Agreement and for any subsequent Reset Date Currency Swap Agreement, the entity appointed by the Remarketing Agents that is acting as agent for the Remarketing Agents and for the benefit of the Reset Rate Noteholders, and directed by the Remarketing Agents to enter into a Reset Date Currency Swap Agreement.

Swap Agent. “Paying Agent”, “Security Trustee”, or any “Bank” shall be construed so as to include its and any subsequent successors, assigns, transferees and sub-participants in accordance with their respective interests.

Swap Agent means initially, The Royal Bank of Scotland plc, for the Initial Reset Date Currency Swap Agreement and for any subsequent Reset Date Currency Swap Agreement, the entity appointed by the Remarketing Agents that is acting as agent for the Remarketing Agents and for the benefit of the Reset Rate Noteholders, and directed by the Remarketing Agents to enter into a Reset Date Currency Swap Agreement.