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The offsetting swap is used to minimize swap risks associated with the use of swaps and potentially gain monetary value from the transaction. Other obligations issued and outstanding under the senior indenture include the commission’s obligations under various interest rate swap agreements having a total current notional amount of $1,096,851,000. The ptc is invested in growth, empowerment, and transparency to our stakeholders
Gain access to our indenture and operating budget financial planning documents. And barclays bank plc), as applicable, and the authorization of actions by certain authorized officers of the pennsylvania turnpike commission for purposes of this resolution relating to the issuance of certain of the pennsylvania turnpike commission’s. In the event the commission wishes the payments to be made and received by the commission under a swap agreement or under any other obligation, to be taken into account in any calculation of annual debt service hereunder, the commission must satisfy those conditions described in appendix c.
The commission is represented by the firm of mohanty gargiulo llc (the “swap advisor”) as a derivatives advisor which it has retained to, among other things, assist the commission in evaluating any and all of such recommendations with respect to municipal derivatives.
The pennsylvania turnpike makes exploring the more than 550 miles of pa roadways safe, convenient and reliable in order to support national mobility and commerce. Whereas, the commission wishes to cause the novated swap agreement to continue to be an approved obligation and parity obligation (as each is defined in the indenture) by entering into this supplemental indenture. Providing for the selection of a direct purchaser and swap provider (barclays capital inc
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