Confirmation of transaction, by and between Booz Allen Hamilton Inc. and Capital One, National Association, dated as of April 4, 2019
Exhibit 10.7
Capital One N.A 1680 Capital One Drive Mclean, VA 22102 |
REVISED TRANSACTION AS OF 04 April, 2019
This confirmation supercedes and replaces all previous documentation sent under our reference 56099
Date: | April 03, 2019 |
To: | Booz Allen Hamilton Inc. |
LEI: | 549300D7XCH2480XU542 |
From: | Capital One, National Association |
LEI: | 207ALC1P1YM0OVDV0K75 |
Re: | Transaction dated April 02, 2019 between Capital One, National Association |
(Capital One, N.A.) and Booz Allen Hamilton Inc. (Counterparty)
Our Reference: 56099
USI: 1010000236-DTCCRA20190402D11591100171374390
Dear Sir or Madam,
The purpose of this letter (this Confirmation) is to confirm the terms and conditions of the Swap Transaction entered into between Capital One, N.A. and Counterparty on the Trade Date specified below (this Transaction).
The definitions and provisions contained in the 2006 ISDA Definitions (as published by the International Swaps and Derivatives Association, Inc.) are incorporated into this Confirmation. In the event of inconsistency between those definitions and provisions and this Confirmation, this Confirmation will govern.
This Confirmation constitutes a Confirmation as referred to in, and supplements, forms part of, and is subject to, the ISDA Master Agreement dated as of March 27, 2019, as amended and supplemented from time to time (the Agreement), between Capital One, N.A. and Counterparty. All provisions contained in the Agreement govern this Confirmation except as expressly modified below.
The terms of this particular Transaction to which this Confirmation relates are as follows:
TRADE DETAILS: | ||
Transaction Type | Interest Rate Swap (Embedded Floor) | |
Notional Amount | USD 50,000,000.00 | |
Trade date | April 02, 2019 | |
Effective date | April 30, 2019 | |
Termination date | June 30, 2025; subject to adjustment in accordance with Modified Following Business Day Convention |
Trade ID: 56099
Fixed Rate Amounts: | ||
Fixed Rate Payer | Counterparty | |
Fixed Rate Payer Payment Dates | The last day of each month of each year commencing on May 31, 2019, up to and including Termination Date; subject to adjustment in accordance with Modified Following Business Day Convention | |
Fixed Rate Payer Period End Dates | The last day of each month of each year commencing on May 31, 2019, up to and including Termination Date; subject to adjustment in accordance with Modified Following Business Day Convention | |
Fixed Rate | 2.29100% | |
Fixed Rate Day Count Fraction | Actual/360 | |
Fixed Rate Payer Business Days | London-New York | |
Floating Rate Amounts: | ||
Floating Rate Payer | Capital One, N.A. | |
Floating Rate Payer Payment Dates | The last day of each month of each year commencing on May 31, 2019, up to and including Termination Date; subject to adjustment in accordance with Modified Following Business Day Convention | |
Floating Rate Payer Period End Dates | The last day of each month of each year commencing on May 31, 2019, up to and including Termination Date; subject to adjustment in accordance with Modified Following Business Day Convention | |
Floating Rate for Initial Calculation Period | TBD | |
Floating Rate Option | USD-LIBOR-BBA, However the reference to London Banking Days in the third line of the definition of USD_LIBOR-BBA as published in Section 7.1.(ab).(xxii) of the 2006 ISDA Definitions is replaced by [New York and London Business Days], subject to a 0% Floor (Exclusive of Spread) | |
Designated Maturity | 1 Month (MIN 0.00% ) | |
Spread | None | |
Reset Dates | The first day of each Calculation Period | |
Floating Rate Day Count Fraction | Actual/360 | |
Floating Rate Payer Business Days | London-New York | |
Calculation Agent: | Capital One, N.A.; unless otherwise stated in the ISDA Master Agreement | |
ACCOUNT DETAILS: | ||
Payments To Counterparty | Please provide details | |
Payments To Capital One, N.A | Bank Name: Capital One, N.A. | |
Acct: 3015324000414 | ||
ABA: 056073502 |
Representations:
Each party will be deemed to represent to the other party on the Trade Date that (in the absence of a written agreement between the parties which expressly imposes affirmative obligations to the contrary for this Transaction):
(A) Non-Reliance. Each party is acting for its own account, and has made its own independent decisions to enter into a Transaction and that such Transaction is appropriate or proper for it based upon its own Judgment and upon advice from such advisers as it has deemed necessary. Each party is not relying on any communication (written or oral) of the other party as investment advice or as a recommendation to enter into such Transaction; it being understood that information and explanation relating to the terms and conditions of a Transaction shall not be considered investment advice or a recommendation to enter into such Transaction. No communication (written or oral) received from the other party shall be deemed to be an assurance or guarantee as to the expected results of any Transaction.
(B) Assessment and Understanding. Each party is capable of assessing the merits of and understands (on its own behalf or through independent professional advice), and accepts, the terms, conditions and risks of each Transaction. Each party is also capable of assuming and assumes, the risks of each Transaction.
(C) Status of the Parties. Neither party is acting as a fiduciary or an adviser to the other in respect of any Transaction.
Eligibility:
Each party will be deemed to represent to the other party on the Trade Date that (in the absence of a written agreement between the parties which expressly imposes affirmative obligations to the contrary for this Transaction):
Notwithstanding anything to the contrary herein, no person that does not qualify as an Eligible Contract Participant (as defined in the Commodity Exchange Act, as amended) shall be a guarantor of, or deemed a party to, any Swap (as defined in 7 U.S.C. 1a(47), as amended) with Capital One, National Association entered into or materially modified on or after October 12, 2012.
Data Reporting:
If Capital One, N.A., is the reporting counterparty under the Commodity Futures Trading Commissions transaction reporting regulations, Capital One, N.A., will report relevant trade data for transactions in the interest rates and foreign exchange asset classes to The Depository Trust & Clearing CorporationGlobal Trade Repository (DTCC-GTR) and in the commodities asset class to ICE Trade Vault, LLC.
The specific terms and conditions of the Transaction as set forth herein shall be deemed conclusive unless objected to in writing by Counterparty within one Local Business Day of receipt of this Confirmation. Failure of Counterparty to execute and return this Confirmation shall not affect the validity or enforceability of this Confirmation and shall be deemed to be an affirmation of the terms and conditions contained herein, absent manifest error.
Please confirm that the foregoing correctly sets forth the terms and conditions of our agreement by executing the copy of this Confirmation, which sets forth the material terms of the Transaction to which this Confirmation relates and indicates your agreement to those terms, that is enclosed for that purpose and returning it to us in its entirety via tele copier (facsimile) or email.
Attention: Derivatives Trading Operations
Telephone: +1 ###-###-####
Facsimile: +1 ###-###-####
Email: ***@***
Sincerely, | ||
Capital One, National Association |
By: | /s/ George Gammond |
George Gammond | ||
Senior Vice President, Derivative Operations | ||
Date: | April 03, 2019 | |
Accepted and confirmed as of the date first written above | ||
Booz Allen Hamilton Inc. |
By: | /s/ Brian Hockenberry |
Authorized Signatory: Brian Hockenberry | ||
Title: | Assistant Treasurer | |
Date: | April 4, 2019 |