Swap Providers definition
Examples of Swap Providers in a sentence
The benefit of the Security Instruments and of the provisions of this Agreement relating to any collateral securing the Secured Obligations shall also extend to and be available to the Secured Swap Providers in respect of the Secured Swap Agreements as set forth herein.
To the extent that the Swap Provider fails to make any payment required under terms of the Interest Rate Swap Agreement, the Trustee shall immediately demand that Morgan Stanley, the guarantor of the Swap Provider's obligations under ▇▇▇ ▇▇a▇▇▇▇▇▇ of Morgan Stanley relating to the Interest Rate Swap Agreement, make any a▇▇ ▇▇▇ ▇▇▇▇▇▇▇s then required to be made by Morgan Stanley pursuant to such guarantee.
The Swap Administrator shall not have any liability for any failure or delay in payments to the Trust which are required under the Swap Administration Agreement where such failure or delay is due to the failure or delay of the Swap Providers in making such payment to the Swap Administrator.
Such Swap Providers and Affiliates which are party hereto, by their acceptance of the benefits of this Agreement and/or any other Security Documents or Credit Documents, also hereby authorize the Administrative Agent to hold the Liens in and to the Collateral as their administrative agent.
To the extent that the Swap Provider fails to make any payment required under the terms of the Schedule to the Interest Rate Swap Agreement, the Securities Administrator shall immediately demand that Morgan Stanley, the guarantor of the Swap Provider's obligations under ▇▇▇ ▇▇a▇▇▇▇▇▇ of Morgan Stanley relating to the Interest Rate Swap Agreement, make any a▇▇ ▇▇▇ ▇▇▇▇▇▇▇s then required to be made by Morgan Stanley pursuant to such guarantee.