Swap Exposure definition

Swap Exposure means, as at any relevant date, the amount certified by the Swap Bank to the Agent to be the aggregate net amount in Dollars which would be payable by the Borrower to the Swap Bank under (and calculated in accordance with) section 6(e) (Payments on Early Termination) of the Master Agreement if an Early Termination Date had occurred on the relevant date in relation to all continuing Designated Transactions entered into between the Borrower and the Swap Bank;

Swap Exposure means, as at any relevant date and in relation to a Swap Counterparty, the amount certified by the Swap Counterparty to the Agent to be the aggregate net amount in Dollars which would be payable by the Borrower to the Swap Counterparty under (and calculated in accordance with) section 6(e) (Payments on Early Termination) of the Master Agreement entered into by the Swap Counterparty with the Borrower if an Early Termination Date had occurred on the relevant date in relation to all continuing Designated Transactions entered into between the Borrower and the Swap Counterparty;

Swap Exposure means, as at any relevant date the amount certified by the Swap Bank to be the aggregate net amount in Dollars which would be payable by the Borrowers to the Swap Bank under (and calculated in accordance with) section 6(e) (Payments on Early Termination) of the Master Agreement if an Early Termination Date (as therein defined) had occurred on the relevant date in relation to all continuing Transactions (as therein defined) entered into between the Borrowers and the Swap Bank;

Examples of Swap Exposure in a sentence

• Effect of the Swap Exposure rising above the Maximum Swap ExposureDuring the life of the transaction, if the Swap Exposure for a Series of Notes rises above the Maximum Swap Exposure, then the Swap MTM is in favour of the Swap Counterparty by a greater amount than is permitted by Maximum Swap Exposure.

• Exhibit 4: Termination of Existing Interest Rate Swap Exposure via Offsetting TransactionProduct 10-Year USD Fixed/Floating Interest Rate Swap for Forward Start Start Date 16 June 2013End Date 16 June 2023Notional Amount $1,000,000Fixed Rate 4% (Party B pays fixed) Floating Rate Reference 3-Month USD BBA Libor (Party A pays floating) Transaction Date 14 May 2013Cleared Date 14 May 2013 As Exhibit 5 details, the net effect of the offsetting trade is to extinguish both itself and the initial swap exposure.

• For the purpose of recording this Mortgage as required by Chapter 3 of the Maritime Act, the total amount of the direct and contingent obligations secured by this Mortgage is $[●] (of which (a) U.S.$[●] is attributable to the Facilities and (b) U.S.$[●] is attributable to the Swap Exposure) together with interest, fees, commissions and performance of mortgage covenants.

• The gratuity and Leave-encashment liability is funded with Life Insurance Corporation of India and contribution towards the fund is charged to Profit and Loss Account.Company's monthly contribution to Provident Fund is also charged to Profit and Loss Account.

• The Outstanding Indebtedness (including the Swap Exposure) shall be secured in accordance with this Clause.

More Definitions of Swap Exposure

Swap Exposure means, as at any relevant time, the amount certified by the Bank to be the aggregate net amount in Dollars which would be payable by the Borrower to the Bank under (and calculated in accordance with) section 6(e) (Payments on Early Termination) of the Master Swap Agreement if an Early Termination Date had occurred at the relevant time in relation to all continuing Designated Transactions;

Swap Exposure means, at any relevant date, the amount certified by the Lender (whose certificate shall in the absence of manifest error be conclusive and binding on the Borrower and the Lender) to be the aggregate net amount in Dollars which would be payable by the Borrower to the Lender, under (and calculated in accordance with) section 6(e) (Payments on Early Termination) of the Master Agreement if an Early Termination Date had occurred on the relevant date in relation to all continuing Designated Transactions entered into between the Borrower and the Lender;

Swap Exposure has the meaning specified in Part 13(b).

Swap Exposure means, on any day, the amount by which the Swap Counterparty is in-the- money under the Swap on such day (as determined by the Calculation Agent by reference to the mid mark-to-market of the Swap from the perspective of the Swap Counterparty), which amount shall be expressed as a positive amount if in favour of the Swap Counterparty or, the amount by which the Swap Counterparty is out-of-the-money under the Swap on such day (as determined by the Calculation Agent by reference to the mid mark-to-market of the Swap from the perspective of the Swap Counterparty), which amount shall be expressed as a negative amount if in favour of the Issuer.

Swap Exposure means, as at any relevant date, the amount certified by any Hedge Counterparty to the Facility Agent to be that Hedge Counterparty’s actual cost of terminating prematurely any transactions entered into under the relevant Hedging Agreement.

Swap Exposure means, as at any relevant time, and in relation to a Master Swap Agreement the amount certified by the relevant Swap Provider to the Agent to be the aggregate net amount in Dollars which would, in the absolute discretion of the Swap Provider, be an estimate of what would be payable by the Borrowers to such Swap Provider under (and calculated in accordance with) section 6(e) (Payments on Early Termination) of such Master Swap Agreement if an Early Termination Date had occurred at the relevant time in relation to all continuing Designated Transactions under that Master Swap Agreement;

Swap Exposure means, at any time, the net liability exposure of the Borrowers to the Counterparty Banks under the Interest Rate Protection Agreements (marked to market and calculated on a commercially reasonable basis and in accordance with accepted market practice), as set forth on the most recent certificate delivered to the Agent pursuant to Section 6.1(d) (or as of a later date, as permitted under Section 2.5(b)(ii)). With respect to each Bank, the Swap Exposure of such Bank shall include any Swap Exposure owing to any affiliate of such Bank that is a Counterparty Bank.