Swap Event of Default. An “Event of Default” as such term is defined in the Swap Agreement.

Swap Event of Default means (i) the failure of the Issuer or the Swap Counterparty to pay any amount when due under the Interest Rate Swap Agreement after giving effect to any applicable grace period; (ii) the occurrence of certain events of insolvency or bankruptcy of the Issuer or the Swap Counterparty as specified in the Interest Rate Swap Agreement and (iii) certain other standard events of default under the 1992 ISDA Master Agreement as specified in the Interest Rate Swap Agreement including "Breach of Agreement" (not applicable to the Issuer), "Misrepresentation" (not applicable to the Issuer) and "Merger without Assumption," as described in Sections 5(a)(ii), 5(a)(iv) and 5(a)(viii) of the 1992 ISDA Master Agreement.

Swap Event of Default means any event defined as an “Swap Event of Default” under the Interest Rate Swap Agreement.

Examples of Swap Event of Default in a sentence

If the Issuer is required to pay an amount equal to the absolute value of such Swap Counterparty Floating Amount, the Issuer may have insufficient funds to make the required payments under such Swap Transaction and, as a result, a Swap Event of Default may occur in relation to the Issuer.
If the weighted average of the Mortgage Interest Rates at any time is lower than the Swap Fixed Rate (see Section 5.4 (Hedging) below) at such time, the Issuer may have insufficient funds to make the required payments under the Swap Agreement and, as a result, a Swap Event of Default may occur in relation to the Issuer.
In the event that the Swap Agreement is terminated not as a result of a Counterparty Swap Event of Default (as defined below), then any termination payment to be paid to the Swap Counterparty by the Issuer in accordance with the early termination provisions of the Swap Agreement shall rank pari passu with payments to be made under the Series 2018-1 (A1) Notes.
In 1993, Rauso was arrested for passing bad checks in New Jersey, and was later convicted of providing false information to police.
The interest amount is calculated using the Reserve Bank of Australia's interbank cash overnight rate plus 2 per cent and the loan amount.

More Definitions of Swap Event of Default

Swap Event of Default means, with respect to each of the Issuer and the Swap Counterparty, (1) a payment default (continuing for one (1) Note Business Day, or more) and (2) certain bankruptcy-related events (each as more fully described in the Credit Default Swap).

Swap Event of Default means any event defined as an "Event of Default" under the Interest Rate Swap Agreement.

Swap Event of Default means a “Swap Event of Default” or similar term as provided in the Swap Agreement.

Swap Event of Default. An "Event of Default" as such term is defined in the Swap Agreement. Swap LIBOR: LIBOR as determined pursuant to the Swap Agreement.

Swap Event of Default. (i) The failure to make a payment due under the Interest Rate Swap Agreement after notice of such failure is received and expiration of a specified grace period, (ii) certain insolvency or bankruptcy events, and (iii) a merger by the Swap Provider without an assumption of its obligations under the Interest Rate Swap Agreement, each as further described in the Interest Rate Swap Agreement.

Swap Event of Default means the occurrence of an “Event of Default”“ under the Swap Agreement, as defined in the Swap Agreement.]