Replacement Swap Agreement means, with respect to any Swapped Note, a cross-currency swap agreement and annexes and schedules thereto with payment terms and provisions (other than a reduction in notional amount, if applicable) identical to those of the Initial Swap Agreement with respect to such Swapped Note that is entered into on an arm’s length basis by the holder of such Swapped Note in full or partial replacement (by amendment, modification or otherwise) of such Initial Swap Agreement (or any subsequent Replacement Swap Agreement) in a notional amount not exceeding the outstanding principal amount of such Swapped Note following a non-scheduled prepayment or a repayment of such Swapped Note prior to its scheduled maturity. Any holder of a Swapped Note that enters into, assumes or terminates an Initial Swap Agreement or Replacement Swap Agreement shall within a reasonable period of time thereafter deliver to the Company a copy of the confirmation, assumption or termination related thereto.
Replacement Swap Agreement means, with respect to any Swapped Note, a cross-currency swap agreement and annexes and schedules thereto with payment terms and provisions (other than a reduction in notional amount, if applicable) identical to those of the Initial Swap Agreement with respect to such Swapped Note that is entered into on an arm’s length basis by the holder of such Swapped Note in full or partial replacement (by amendment, modification or otherwise) of such Initial Swap Agreement (or any subsequent Replacement Swap Agreement) in a notional amount not exceeding the outstanding principal amount of such Swapped Note following a non-scheduled prepayment or a repayment of such Swapped Note prior to its scheduled maturity. Any holder of a Swapped Note that enters into, assumes or terminates an Initial Swap Agreement or Replacement Swap Agreement shall within a reasonable period of time thereafter deliver to the Company an updated Schedule 8.8 or separately deliver the full Replacement Swap Agreement to the Company.
Replacement Swap Agreement is defined in Section 8.8(b)(iii).
Examples of Replacement Swap Agreement in a sentence
Upon a request by the Insurer pursuant to Section 4.5 of the Insurance Agreement, the Trust Collateral Agent shall enter into a Replacement Swap Agreement (as such term is defined in Section 4.05 of the Insurance Agreement) with a replacement Swap Provider or providers in form and substance satisfactory to the Insurer.
Upon a request by the Insurer pursuant to Section 4.05 of the Insurance Agreement, the Issuer shall enter into a Replacement Swap Agreement (as such term is defined in Section 4.05 of the Insurance Agreement) with a replacement Swap Provider or replacement Swap Providers in form and substance satisfactory to the Insurer.
Upon a request by the Insurer pursuant to Section 4.6 of the Insurance Agreement, the Issuer shall enter into a Replacement Swap Agreement (as such term is defined in Section 4.6 of the Insurance Agreement) with a replacement Swap Counterparty or replacement Swap Counterparties in form and substance satisfactory to the Insurer.
Other than any Replacement Swap Agreement entered into pursuant to this Section 5.12(a), the Issuer may not enter into any additional interest rate swap agreements.
Upon a request by the Insurer pursuant to Section 4.08 of the Insurance Agreement, the Issuer shall enter into a Replacement Swap Agreement (as such term is defined in Section 4.08 of the Insurance Agreement) with a replacement Swap Provider or replacement Swap Providers in form and substance satisfactory to the Insurer.
More Definitions of Replacement Swap Agreement
Replacement Swap Agreement means, with respect to any Swapped Note, a cross-currency swap agreement and annexes and schedules thereto with payment terms and provisions (other than a reduction in notional amount, if applicable) identical to those of the Initial Swap Agreement with respect to such Swapped Note that is entered into on an arm’s length basis by the holder of such Swapped Note with a creditworthy leading dealer in the relevant foreign currency exchange market in full or partial replacement (by amendment, modification or otherwise) of an Original Swap Agreement (or any subsequent Replacement Swap Agreement) in a notional amount not exceeding the outstanding principal amount of such Swapped Note covered by the Original Swap Agreement or Replacement Swap Agreement, as the case may be, that is being replaced by such Replacement Swap Agreement following a non-scheduled prepayment or a repayment of such Swapped Note prior to its scheduled maturity. Any holder of a Swapped Note that enters into, assumes, novates or terminates an Original Swap Agreement or Replacement Swap Agreement shall within a reasonable period of time thereafter deliver to the Company a notice confirming the assumption, novation or termination related thereto.
Replacement Swap Agreement means, with respect to any Swap Counterparty, any replacement Swap Agreement entered into pursuant to the conditions set forth in the Swap Agreement.
Replacement Swap Agreement means any replacement swap agreement approved by XLCA (acting in its absolute discretion) that replaces the Swap Agreement and that is with a replacement swap provider that is approved by XLCA (acting in its absolute discretion).
Replacement Swap Agreement means any Swap Agreement entered into by the Issuer upon termination of an existing Swap Agreement on substantially the same terms as such existing Swap Agreement, that preserves for the Issuer the economic effect of the terminated Swap Agreement and all Swap Transactions thereunder, subject to such amendments as may be agreed by the Trustee and in respect of which Rating Agency Confirmation is obtained.
Replacement Swap Agreement means, with respect to any Swapped Note, a cross-currency swap agreement and annexes and schedules thereto with payment terms and provisions (other than a reduction in notional amount, if applicable) identical to those of the Initial Swap Agreement with respect to such Swapped Note that is entered into on an arm’s length basis by the holder of such Swapped Note with a leading dealer in the relevant foreign currency exchange market in full or partial replacement (by amendment, modification or otherwise) of such Initial Swap Agreement (or any subsequent Replacement Swap Agreement) in a notional amount not exceeding the outstanding principal amount of such Swapped Note following a non-scheduled prepayment or a repayment of such Swapped Note prior to its scheduled maturity. Any holder of a Swapped Note that enters into, assumes or terminates an Initial Swap Agreement or Replacement Swap Agreement shall within a reasonable period of time thereafter deliver to the Company (i) a copy of the confirmation, assumption or termination related thereto or (ii) a disclosure letter containing the principal terms thereof.
Replacement Swap Agreement means, with respect to any Swapped Note, any swap or exchange agreement with payment terms and provisions (other than a reduction in notional amount, in the case of a partial prepayment) identical to those of an Initial Swap Agreement (including, without limitation, a modification or amendment of an existing Swap Agreement) and annexes and schedules thereto that (i) is in a notional amount not to exceed the aggregate outstanding principal amount of the Swapped Notes held by the holder of such Swapped Notes entering into such agreement, (ii) is in full or partial replacement of such holder’s Initial Swap Agreement, and (iii) is entered into as a result of, and following, a partial prepayment or repayment of any Swapped Note prior to its scheduled maturity pursuant to Sections 8.2 hereof, provided that prior to entering into a Replacement Swap Agreement, such holder of Swapped Notes shall comply with Section 8.6(b)(iv), and provided further that if the notional amount of such Replacement Swap Agreement is less than the aggregate outstanding principal amount of the Swapped Notes held by such holder, then for purposes of calculating the Make-Whole Amount payable with respect to the Swapped Notes held by such holder, the Swapped Note Called Principal shall thereafter be allocated pro rata between the principal amount of the Swapped Notes covered by such Swap Agreement and to the principal amount of the Swapped Notes not covered by such Swap Agreement.
Replacement Swap Agreement means any replacement interest rate swap agreement between the Parent and the Replacement Swap Provider having substantially similar terms and conditions to the Swap Agreement (including the Payment Letter referred to in the definition thereof) it replaces.