Swap Facility definition

Swap Facility means the interest rate swap facility made or to be made available by the Swap Bank to the Borrowers under the Master Agreement;
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Swap Facility means an insurance policy, surety bond, letter of credit or other credit enhancement with respect to a Swap or any similar facility entered into for the same or similar purposes and may include Investment Obligations properly pledged to the University hereunder pursuant to the Swap Facility or by the Swap Provider, in each case sufficient to maintain any existing rating of the University’s Bonds. Payments by the University under a Swap Facility related to a Swap shall be deemed Swap Payments hereunder and shall not be deemed Reimbursement Obligations and payments to the University under a Swap Facility related to a Swap shall be deemed Swap Receipts. Payment by the University under a Swap Facility applicable to any fees, expenses or similar other charges or obligations thereunder shall be a Cost of Issuance or an operating expense, as applicable.
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Swap Facility means the facility provided by ABN under this Agreement to enter into Swap Transactions.
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Examples of Swap Facility in a sentence

  • UNDERTAKING: Upon request, the Borrower agrees to provide CIBC with such additional security that in CIBC's reasonable opinion is required to cover its or PLC's contingent exposure and all indebtedness under the Swap Facility, including without limitation, an acknowledgement and amending agreement and such other documentation as CIBC may request to confirm that the Security held by CIBC as at date hereof secures such contingent exposure and indebtedness to PLC and to amend the Security accordingly.

  • It is agreed by the Borrowers and the Creditor Parties that the Swap Facility and all amounts payable thereunder shall rank in priority after the Loan Facility.

  • This Document and other documents relating to the Institutional Share Swap Facility or the New Polymetal Shares are strictly confidential and may not be distributed to any person or entity other than the recipients hereof.

  • Subject to the terms of this Agreement, and in reliance upon the representations, warranties and undertakings by the Trust Manager and the Trustee in this Agreement, ABN agrees to make the Deposit Facility, the Swap Facility and the Forward Rate Facility available to each Approved Fund.

  • Swap Facility To provide for the Borrower's contingent exposure under commodity swaps either financially or physically settled.

  • This Asset Swap Mandate applies if the Client makes use of the Asset Swap Facility.

  • Eligible Polymetal Securityholders who wish to accept the Institutional Share Swap Facility with respect to all or any portion of their Polymetal Shares or Polymetal GDRs, or both, as the case may be, should carefully read and follow the procedures outlined under Section 3, “Acceptance Procedures”.

  • If an Eligible Polymetal Securityholder is a holder of both Polymetal Shares and Polymetal GDRs, the Eligible Polymetal Securityholder may (but is not obligated to) accept the Institutional Share Swap Facility with respect to all, or any portion or combination of, its Polymetal Securities, using the appropriate procedures described for each of the Polymetal Shares and Polymetal GDRs in Section 3, “Acceptance Procedures”.

  • Neither this Document nor any other offering or marketing material relating to the Institutional Share Swap Facility, Polymetal International Plc, PMTL or JSC Polymetal and its subsidiaries or the New Polymetal Shares have been or will be filed with or approved by any Swiss regulatory authority.

  • Before initial drawdown by the Borrower, the Borrower’s Parent shall issue a Negative Pledge (in the form of Attachment 12) approved by resolution of its board of directors, undertaking that no security or encumbrance shall be created on any Battery, Battery Swap Facility and its affiliated Facilities owned by the Borrower’s Parent or the Borrower for the benefit of any third party during the Period of Existence of this Credit Facility.