On noexcept arguments

The use of noexcept was pretty clear to me, as the modern optimized way of marking functions with the no throw exception guarantee

struct A {
    A() noexcept; 
}; 

In item 14 of effective modern c++ I ecountered the following syntax, referred to as conditionally noexcept

template<class T, size_t N>
void swap(T (&a)[N], T (&b)[N]) noexcept(noexcept(swap(*a, *b))); 

The way I get it, is that noexcept can introduce a truth value context, but then again how can another noexcept be an argument ?

Could someone elaborate on the syntax and semantics of this use of noexcept ?