Standby Swap Provider definition

Standby Swap Provider means each Standby Swap Provider from time to time as defined in the Currency Swap Agreement.
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Standby Swap Provider means each Standby Swap Provider from time to time as defined in the Currency Swap Agreements.
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Standby Swap Provider means a party that has agreed to replace DBAG as Standby Interest Rate Swap Provider and has a rating greater than or equal to:
Sample 1

Examples of Standby Swap Provider in a sentence

  • The Fixed Rate Swap and the Basis Swap will each be governed by the terms of a Hedge Agreement entered into by the Manager, the Trustee, the Standby Swap Provider and the Hedge Provider.

  • None of Party A, Party B, the Standby Swap Provider or the Manager may amend this Agreement unless the Rating Agencies have confirmed in writing that the proposed amendment will not result in a reduction, qualification or withdrawal of the credit ratings then assigned by them to the Relevant Notes.

  • Neither the Notes nor the Transferred Receivables will be guaranteed by the Management Company, the Custodian, the Joint Arrangers, the Joint Lead Managers, the Joint Bookrunners, the Seller, the Servicer, the Issuer Account Bank, the Issuer Cash Manager, the Paying Agents, the Issuer Swap Counterparty, the Issuer Stand-by Swap Provider, the Specially Dedicated Account Bank, the Data Trustee or any of their respective affiliates.

  • As a result of such increased costs, additional regulatory requirements and limitations on ability of the Issuer to hedge interest rate risk, the amounts payable to holders of the Listed Notes may be negatively affected.In respect of the reporting obligation, the Issuer has delegated such reporting to the Issuer Swap Counterparty and the Issuer Stand-by Swap Provider.

  • Furthermore, as the Standby TRS Calculation Amount may be reduced (but may not be increased without the consent of the relevant Standby Swap Provider), following the Novation Trigger Date the portion of the Total Pool Assets not hedged by the combined Standby Total Return Swaps may increase over time.

  • None of the Issuer, the Management Company, the Custodian, the Issuer Swap Counterparty, the Issuer Stand-by Swap Provider, the Issuer Account Bank, the Issuer Cash Manager, the Paying Agents, the Luxembourg Listing Agent, the Data Trustee, the Joint Arrangers, the Joint Bookrunners or the Joint Lead Managers has undertaken or will undertake any investigations, searches or other actions to verify the details of the Transferred Receivables or to establish the creditworthiness of any Borrower.

  • Consequently, the Issuer will be subject to the credit risk of the Issuer Swap Counterparty and the Issuer Stand-by Swap Provider.

  • If the Standby Swap Provider lodges collateral with the Trustee, any interest or income on that cash collateral will be paid to the Standby Swap Provider, provided that any such interest or income will only be payable to the extent that any payment will not reduce the balance of the collateral to less than the amount required to be maintained.

  • The shop owner should not be liable to Bentley for the loss unless the shop owner was guilty of gross negligence.

  • People's Choice is required to reimburse the Standby Swap Provider for that payment.


More Definitions of Standby Swap Provider

Standby Swap Provider. The entity which agrees to act as a standby swap provider to the Covered Bond Guarantor to, in certain circumstances, act in place of the Interest Rate Swap Provider, by entering into the Fixed Rate Swap with the Covered Bond Guarantor, the Interest Rate Swap Provider and the Security Trustee under the Interest Rate Swap Agreement.
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Related to Standby Swap Provider

  • Swap Provider The swap provider under the Swap Agreement either (a) entitled to receive payments from the Supplemental Interest Trust or (b) required to make payments to the Supplemental Interest Trust, in either case pursuant to the terms of the Swap Agreement, and any successor in interest or assign. Initially, the Swap Provider shall be Deutsche Bank AG New York Branch.

  • Secured Swap Provider means (i) a Lender or an Affiliate of a Lender (or a Person who was a Lender or an Affiliate of a Lender at the time of execution and delivery of a Rate Contract) who has entered into a Secured Rate Contract with Borrower, or (ii) a Person with whom Borrower has entered into a Secured Rate Contract provided or arranged by GE Capital or an Affiliate of GE Capital, and any assignee thereof.

  • Swap Providers means, collectively, the Asset Swap Providers, the Liability Swap Providers and the providers of any other swap agreements entered into in connection with the Programme;

  • Swap Counterparty means Lender or an Affiliate of Lender, in its capacity as counterparty under any Swap Contract.

  • Derivative Counterparty means any party to any Derivative Agreement other than the Issuer or the Indenture Trustee.

  • Class A Liquidity Provider has the meaning set forth in the Intercreditor Agreement.

  • Class B Liquidity Provider has the meaning set forth in the Intercreditor Agreement.

  • Credit Enhancement Provider means, with respect to any Securities, any person issuing, funding or otherwise making available, for the benefit of Securityholders or any party to a Serviced Corporate Trust Contract, an asset as an enhancement of the credit quality or liquidity of any Securities or the mortgage assets or other assets pledged for or underlying such Securities, such as a letter of credit, surety bond, insurance policy, guaranty, reserve fund pledge or collateral undertaking.

  • Currency Swap Agreement means any currency swap agreement, including all schedules and confirmations thereto, entered into by the Issuer and the Currency Swap Counterparty, as the same may be amended, supplemented, renewed, extended or replaced from time to time.

  • Cap Provider means the third-party financial institution approved by Lender that is the counterparty under any Cap Agreement or Replacement Cap Agreement.

  • Eligible Swap Counterparty means an entity, which may be an affiliate of a remarketing agent, engaged in the business of entering into derivative instrument contracts that satisfies the Rating Agency Condition.

  • Cap Counterparty Not applicable.

  • Class A Liquidity Facility has the meaning set forth in the Intercreditor Agreement.

  • Liquidity Facility Provider means a Person that is a party to a Liquidity Facility with the Authority with respect to specified Bonds and whose credit rating by each nationally recognized Rating Agency then rating the Class I Bonds is sufficiently high to maintain the then current rating on such Bonds by such Rating Agency or the equivalent of such rating by virtue of guarantees or insurance arrangements.

  • Counterparty Downgrade Collateral Account means an interest-bearing account of the Issuer with the Custodian into which all Counterparty Downgrade Collateral is to be deposited.

  • Hedge Counterparty means a Lender, the Administrative Agent or any of the Lender’s or the Administrative Agent’s affiliates (at the time a hedging agreement is entered into) who has entered into a hedging agreement for the purpose of hedging interest rate liabilities and/or any exchange rate and/or commodity price risks provided it has become a party, or by execution of an additional bank secured party acknowledgment has agreed to be bound by the terms of, to the First Lien Intercreditor Agreement in its capacity as hedge counterparty.

  • Class B Liquidity Facility has the meaning set forth in the Intercreditor Agreement.

  • Collateral Enhancement Obligation means any warrant or equity security, excluding Exchanged Equity Securities, but including without limitation, warrants relating to Mezzanine Obligations and any equity security received upon conversion or exchange of, or exercise of an option under, or otherwise in respect of a Collateral Debt Obligation; or any warrant or equity security purchased as part of a unit with a Collateral Debt Obligation (but in all cases, excluding, for the avoidance of doubt, the Collateral Debt Obligation), in each case, the acquisition of which will not result in the imposition of any present or future, actual or contingent liabilities or obligations on the Issuer other than those which may arise at its option; provided that no Collateral Enhancement Obligation may be a Dutch Ineligible Security.

  • Credit Enhancement Agreement means the Agreement among the Sellers, the Master Servicer, the Trustee and the Credit Enhancement Provider with respect to the Credit Enhancement.

  • Credit Enhancement means, with respect to this Agreement, any credit enhancement or other credit support arrangement in support of the obligations of the Company hereunder or with respect hereto, including any guarantee, collateral arrangement (including any pledge, charge, mortgage or other security interest in collateral or title transfer arrangement), trust or similar arrangement, letter of credit, transfer of margin, reimbursement obligation or any similar arrangement.

  • Liquidity Provider Ratings Event means the Liquidity Provider shall fail to maintain at any time (i) short-term debt ratings in one of the two highest rating categories from the Requisite NRSROs or (ii) such other short-term debt ratings, if any, as may be required for the VRDP Shares to satisfy the eligibility criteria under Rule 2a-7 under the 1940 Act.

  • Swap Provider Trigger Event A Swap Termination Payment that is triggered upon: (i) an Event of Default under the Interest Rate Swap Agreement with respect to which the Swap Provider is a Defaulting Party (as defined in the Interest Rate Swap Agreement), (ii) a Termination Event under the Interest Rate Swap Agreement with respect to which the Swap Provider is the sole Affected Party (as defined in the Interest Rate Swap Agreement) or (iii) an Additional Termination Event under the Interest Rate Swap Agreement with respect to which the Swap Provider is the sole Affected Party.

  • Eligible Counterparty means an “Eligible Counterparty” for the purposes of the Law.

  • Replacement Liquidity Provider has the meaning set forth in the Intercreditor Agreement.

  • Enhancement Provider means, with respect to any Series, the Person, if any, designated as such in the related Supplement.

  • Liquidity Facility “Liquidity Obligations”, “Loan Trustee”, “Non-Extended Facility”, “Note Purchase Agreement”, “Operative Agreements”, “Participation Agreement”, “Performing Equipment Note”, “Person”, “Pool Balance”, “Rating Agencies”, “Regular Distribution Date”, “Replacement Liquidity Facility”, “Responsible Officer”, “Scheduled Payment”, “Special Payment”, “Stated Interest Rate”, “Subordination Agent”, “Taxes”, “Threshold Rating”, “Transfer”, “Trust Agreement”, “Trustee”, “Underwriters”, and “Underwriting Agreement”.