Swap Termination Event definition

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

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Swap Termination Event means (i) certain events of insolvency of bankruptcy of the Issuer or the Swap Counterparty as specified in the Interest Rate Swap Agreement; (ii) any Event of Default under the Indenture that results in the acceleration of the Notes or involving an uncured payment default; (iii) the Issuer or Swap Counterparty becomes subject to registration as an "investment company" under the Investment Company Act of 1940; and (iv) certain standard termination events under the 1992 ISDA Master Agreement as specified in the Interest Rate Swap Agreement including "Illegality," "Tax Event" and "Tax Event Upon Merger," each as more fully described in Sections 5(b)(i), 5(b)(ii) and 5(b)(iii) of the 1992 ISDA Master Agreement.

Swap Termination Event means the Swap Agreement has terminated and the Issuer is unable to enter into a replacement swap agreement pursuant to Section 4.19(a).

Examples of Swap Termination Event in a sentence

The Issuer may, from time to time, enter into one or more replacement Swap Agreements in the event that any Swap Agreement is terminated prior to its scheduled expiration pursuant to a Swap Event of Default or a Swap Termination Event.
On each Distribution Date occurring prior to an Event of Default under the related Swap Agreement or a Swap Termination Event, all Investment Earnings actually earned and received on the related Swap Collateral shall be paid directly to the applicable Swap Counterparty, as directed by the Issuer in writing, and not become part of Available Funds in accordance with the terms of the related Swap Agreement Credit Support Agreement.
The Issuer may, from time to time, enter into one or more replacement Interest Rate Swap Agreements in the event that any Interest Rate Swap Agreement is terminated prior to its scheduled expiration pursuant to a Swap Event of Default or a Swap Termination Event.
As promptly as practicable after, and in any event within 30 days after, the occurrence of any Swap Termination Event actually known to the Trustee, the Trustee shall give notice of such Swap Termination Event to the Depository, or, if any Certificates are not then held by DTC or any other depository, directly to the registered holders of such Certificates.
If a Swap Termination Event occurs (i) as a result of the insolvency or bankruptcy of the Issuer or the Swap Counterparty or (ii) because the Issuer or the Swap Counterparty becomes subject to registration as an "investment company" under the Investment Company Act of 1940, the Indenture Trustee will designate an Early Termination Date.

More Definitions of Swap Termination Event

Swap Termination Event means that an Early Termination Date in respect of all outstanding Swap Transactions has been designated or deemed to have been designated by the Issuer or the relevant Swap Counterparty, as applicable, under the relevant Swap Agreement for any reason other than where such Early Termination Date is designated or deemed to have been designated as a result of the occurrence of an Early Redemption Event in respect of the Notes pursuant to Conditions 7(b), 7(c), 7(d)(ii), 7(d)(iii) or 12.

Swap Termination Event means that an Early Termination Date in respect of all outstanding Swap Transactions has been designated or deemed to have been designated by the Issuer or the Swap Counterparty, as applicable, under the Swap Agreement for any reason other than as a result of the occurrence of an Early Redemption Trigger Date in respect of the Notes other than pursuant to Master Condition 8(f) (Redemption for Termination of Swap Agreement).

Swap Termination Event means [______________].]

Swap Termination Event means that the Swap Agreement has terminated and the Trust is unable to arrange for a replacement Swap Agreement pursuant to Section 3.1(e);

Swap Termination Event. A default by the Swap Counterparty of its obligations under the Market Value Swap and the failure of the Swap Guarantor to honor the obligations of the Swap Counterparty under the Swap Guarantee.

Swap Termination Event. A default by the Swap Counterparty of its obligations under the Swap Agreement.

Swap Termination Event means, for a Series, that either:

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