Swap Breakage Costs means, for any Swap Transaction, any amount (other than Net Trust Swap Payments applicable thereto) payable by the Issuer for the early termination of that Swap Transaction or any portion thereof, in accordance with the provisions of the relevant Swap.
Swap Breakage Costs. For any Hedge Transaction, any amount payable by the Seller for the early termination of that Hedge Transaction or any portion thereof.
Swap Breakage Costs. For any Swap Transaction, any amount (other than Net Swap Payments) payable by the Seller to the Swap Counterparty for the early termination of that Swap Transaction or any portion thereof.
Examples of Swap Breakage Costs in a sentence
It shall be a condition to any such redemption that all Swap Transactions then outstanding under any Swaps then in effect shall be terminated and all amounts payable to the Swap Counterparties, including Swap Breakage Costs, shall be paid in full on the Redemption Date.
It shall be a condition to any such redemption that all Swap Transactions outstanding under all Swaps then in effect be terminated and all amounts, including Swap Breakage Costs, owed to the Swap Counterparties shall be payable on the Redemption Date.
It shall be a condition precedent to such dissolution that each Swap be terminated in accordance with its terms and all amounts including Swap Breakage Costs owed to the Swap Counterparties shall be paid in full.
The Swap Agreement will provide that, in the event of the termination of the Swap Agreement, Swap Breakage Costs denominated in U.S. dollars will be payable, either by the Bond Issuer to the Swap Provider or by the Swap Provider to the Bond Issuer.
In no event shall the provisions set forth in Section 3.08 of the Indenture relating to the priority of the Expenses, Swap Payments and Swap Breakage Costs be amended or modified.
More Definitions of Swap Breakage Costs
Swap Breakage Costs means any breakage costs and/or termination costs which became due under the Swap Agreement.
Swap Breakage Costs means costs payable by a Hedge Counterparty to the Contractor or by the Contractor to a Hedge Counterparty (as applicable) on the close-out or termination of a Swap entered into in respect of Core Senior Debt;
Swap Breakage Costs means any amounts payable by any Issuer Group Member to a Swap Provider as a result of any early termination (however described or defined therein) of any Swap Agreement.
Swap Breakage Costs means the breakage costs or profits as determined by the Agent in respect of any interest and/or currency swap arrangement entered into in compliance with this Agreement;
Swap Breakage Costs means one hundred percent (100%) of any termination fees, prepayment penalties, “breakage” cost or similar payments associated with the termination of any Swap Contract or similar agreement at the Closing, assuming such Contract or agreement is terminated as of the Closing. For the avoidance of doubt, Swap Breakage Costs shall not include Swap Interest Costs.
Swap Breakage Costs means the payment, if any, necessary in order to induce the Swap Counterparty to (i) decrease the notional amount of the Swap Agreement or to enter into a revised Swap Agreement in order to provide for an effective notional amount equal to the outstanding principal balance of the Loan or (ii) terminate the Swap Agreement in the event of a full prepayment of the Term Loan.
Swap Breakage Costs means the payments required to be made under the Credit Swap, if any, in connection with a Swap Termination Event or Swap Event of Default. "Swap Termination Event" means the occurrence of any event constituting a "Termination Event" under (and as defined in) the Credit Swap (including any "Additional Termination Event" under the Credit Swap) and "Swap Event of Default" means the occurrence of any event constituting an "Event of Default" under (and as defined in) the Credit Swap.Early Redemption Events .......................... "Early Redemption Event" means any of the followingevents upon the occurrence of which the Notes will be subject to early redemption. Upon any such redemption Noteholders will receive a distribution of their Pro Rata Portion of any amounts available for payment at items (iv), (vi) and (viii) of paragraph third of the Priority of Payments.Redemption Following TaxRedemption Event...................................... The Notes will be subject to early redemption upon theoccurrence of a Tax Redemption Event.A "Tax Redemption Event" will occur if (i) (A) the Swap Counterparty determines that the Issuer is required by law to withhold or deduct a material amount in respect of any Tax from any payment by the Issuer to the Swap Counterparty under the Credit Swap or (B) a Majority of the Noteholders determine that the Issuer is subject to any tax, assessment or governmental charge on its net income or property, and (ii) the Swap Counterparty or such Holders, as the case may be, notify(ies) in writing the Issuer (with a copy to the Investment Advisor and the Trustee) of such determination. In the case arising under clause (B) above, the Investment Advisor upon receipt of such notice shall deliver a copy thereof to the Swap Counterparty.Redemption Following Termination of To the extent the Portfolio Advisory Agreement isPortfolio Advisory Agreement ................... terminated and not replaced prior to the Stated MaturityDate, the Notes will be redeemed at the Redemption Price.Redemption if Adjusted Additional The Notes will be subject to early redemption if theAmount reduced to zero Adjusted Additional Amount is reduced to zero.Optional Redemption by Noteholders Holders of a Supermajority of the Notes, excluding Notesheld by the Swap Counterparty or the Investment Advisor, may, by giving at least 10 days notice thereof in accordance with the requirements of the Indenture, direct a redemption of the Notes in whole but not in part, effective...