Swap Guarantor definition
Examples of Swap Guarantor in a sentence
Nothing in this Section 11.20 shall in any way affect the rights of any Swap Counterparty against the Swap Guarantor as provided in the Swap Guaranty.
Notwithstanding the foregoing, no amounts received from any Excluded Swap Guarantor shall be applied to any Excluded Swap Obligations of such Excluded Swap Guarantor.
The Auction Administrator shall inform the Trustee of any default by the Swap Counterparty of its obligations under the Market Value Swap and the failure of the Swap Guarantor to honor the obligations of the Swap Counterparty under the Swap Guarantee.
The Trustee shall not cause the transfer of the Mandatory Auction Certificates if it has received notice from the Auction Administrator that the Swap Counterparty is in default under the Market Value Swap and the Swap Guarantor is in default under the Swap Guarantee.
The Trustee shall provide to any Federal, State or local regulatory authority that may exercise authority over any Certificateholder, the Swap Counterparty or the Swap Guarantor access to the documentation in the Trustee’s possession regarding the Underlying Securities, the Swap Agreement and the Swap Guarantee required by applicable laws and regulations.