Offsetting Counterparty definition

Offsetting Counterparty means General Motors Acceptance Corporation or any successor thereto ("GMAC") under the Fallback Swap Transactions entered into between the Trust and GMAC.
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Offsetting Counterparty means GMAC LLC or any successor thereto (“GMAC”) under the Fallback Swap Transaction entered into between the Trust and GMAC.
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Offsetting Counterparty means General Motors Acceptance Corporation ("GMAC") or any successor thereto under the swap transaction entered into between (x) the Counterparty and (y) GMAC or any successor thereto or any intermediary between the Counterparty and GMAC.
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Examples of Offsetting Counterparty in a sentence

  • To the extent the Trust and Offsetting Counterparty, in their sole and absolute discretion, terminate the Fallback Swap Transaction and the Trust, in its sole and absolute discretion, enters into the Replacement Fallback Swap Transaction with the Fallback Offsetting Counterparty, in each case, within thirty (30) days of receipt of notice of the reduction of the Joint Probability, the Counterparty will have no further obligations under paragraph (a) above.

Related to Offsetting Counterparty

  • Hedging Counterparty means HSBC Bank plc or any Affiliate of HSBC Bank plc or any other party

  • Reporting Counterparty means, for purposes of Part 45 of CFTC Regulations, the Participant or Authorized Trader that is designated as such pursuant to Rule 528(b).

  • Counterparty means PJMSettlement as the contracting party, in its name and own right and not as an agent, to an agreement or transaction with a Market Participant or other entities, including the agreements and transactions with customers regarding transmission service and other transactions under the PJM Tariff and the Operating Agreement. PJMSettlement shall not be a counterparty to (i) any bilateral transactions between Members, or (ii) any Member’s self- supply of energy to serve its load, or (iii) any Member’s self-schedule of energy reported to the Office of the Interconnection to the extent that energy serves that Member’s own load.

  • 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.

  • Eligible Counterparty means an Eligible Counterparty in accordance with CySEC Rules, as specified in the document “Client Categorization Policy”.