Examples of Morgan Stanley Swap Agreement in a sentence
On October 26, 2009, Morgan Stanley delivered a Notice of Event of Default under the Morgan Stanley Swap Agreement to FairPoint Communications, notifying FairPoint Communications that an “Early Termination Date” had occurred.
Further, on November 5, 2009, Morgan Stanley delivered a Notice under Pledge Agreement (the “Morgan Stanley Notice”) notifying Bank of America, N.A. as administrative agent under the Prepetition Credit Agreement, that the outstanding interest rate obligations owed to Morgan Stanley under the Morgan Stanley Swap Agreement total approximately $39.6 million, plus any additional accrued interest, expenses and fees.
As a result, we have increased our expectations for the full year to c.155bps.