Define: Swap Termination Value

What does "Swap Termination Value" mean? The meaning differs based on the contract. We found 2 definitions across 2 companies in SEC filings.

Definition 1 (CISCO SYSTEMS, INC., seen in 2 filings)

Swap Termination Value means in respect of any one or more Swap Contracts, after taking into account the effect of any legally enforceable netting agreement relating to such Swap Contracts, (a) for any date on or after the date such Swap Contracts have been closed out and termination value(s) determined in accordance therewith, such termination value(s), and (b) for any date prior to the date referenced in clause (a), the amount(s) determined as the mark-to-market value(s) for such Swap Contracts, as determined based upon one or more mid-market or other readily available quotations provided by any recognized dealer in such Swap Contracts (which may include a Lender or any Affiliate of a Lender).

Source: CISCO SYSTEMS, INC. 8-K

Definition 2 (CISCO SYSTEMS, INC., seen in 1 filing)

Swap Termination Value means in respect of any one or more Swap Contracts, after taking into account the effect of any legally enforceable netting agreement relating to such Swap Contracts, (a) for any date on or after the date such Swap Contracts have been closed out and termination value(s) determined in accordance therewith, such termination value(s), and (b) for any date prior to the date referenced in clause (a), the amount(s) determined as the mark to market value(s) for such Swap Contracts, as determined based upon one or more mid market or other readily available quotations provided by any recognized dealer in such Swap Contracts (which may include a Lender or any Affiliate of a Lender).

Source: CISCO SYSTEMS, INC. 10-Q

Data extracted from 3 SEC EDGAR filings across 2 companies. Source: Material contracts (Exhibit 10) filed under Regulation S-K.

This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.

Occurrences: 3
Companies: 2
Keywords:
Swap Termination Valuedefinitioncontract languagelegal termSEC filing

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