Interest Rate Swap Agreement Sample Clauses

Interest Rate Swap Agreement. (a) The Issuer shall enter into the Initial Interest Rate Swap Agreement with the Initial Swap Counterparty. Subject to the requirements of this Section 4.8, the Issuer may from time to time enter into one or more Replacement Interest Rate Swap Agreements in the event that the Initial Interest Rate Swap Agreement is terminated due to any “Termination Event” or “Event of Default” (each as defined in the Initial Interest Rate Swap Agreement) prior to its scheduled expiration and in accordance with the terms of such Interest Rate Swap Agreement. Other than any Replacement Interest Rate Swap Agreement entered into pursuant to this Section 4.8(a), the Issuer may not enter into any additional interest rate swap agreements.
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Interest Rate Swap Agreement. The Securities Administrator is hereby authorized and directed to execute and deliver the Interest Rate Swap Agreement not in its individual capacity but solely on behalf of the Supplemental Interest Trust of the Trust and to acknowledge the provisions thereof. The Securities Administrator is directed to administer the Interest Rate Swap Agreement in accordance with the terms thereof and hereof. The Securities Administrator shall not enter into any amendment to the Interest Rate Swap Agreement other than pursuant to the terms thereof. In the event that the Swap Provider fails to make a payment as required pursuant to the Interest Rate Swap Agreement, the Securities Administrator shall make a demand for such payment from the guarantor of the Interest Rate Swap Agreement.
Interest Rate Swap Agreement. (a) The Issuer shall enter into the Interest Rate Swap Agreement with the Swap Counterparty on the Closing Date. The Issuer shall deposit Net Swap Receipts into the Note Distribution Account to be included as Available Monies on the related Distribution Date. Subject to the requirements of this Section 7.12, the Issuer may from time to time enter into one or more Replacement Interest Rate Swap Agreements in the event that the Interest Rate Swap Agreement is terminated due to certain “termination events” or “events of default” (each as defined in the Interest Rate Swap Agreement) prior to its scheduled expiration and in accordance with the terms of such Interest Rate Swap Agreement. Other than any Replacement Interest Rate Swap Agreement entered into pursuant to this Section 7.12(a), the Issuer may not enter into any additional interest rate swap agreements.
Interest Rate Swap Agreement. (a) The Issuer shall on or prior to the Closing Date enter into the Interest Rate Swap Agreement with the Counterparty for the benefit of the Noteholders and Certificateholders, such that the aggregate notional amount under the Interest Rate Swap Agreement shall, at any time, be equal to the Outstanding Amount of the Class A-4a Notes at such time. Net Swap Receipts shall be deposited by the Indenture Trustee into the Collection Account on the day received and shall constitute part of the Total Distribution Amount. On any Payment Date when there shall be a Net Swap Payment, the Indenture Trustee shall pay such Net Swap Payment from the Total Distribution Amount.
Interest Rate Swap Agreement. On each Payment Date for which the Indenture Trustee has received a payment under the Interest Rate Swap Agreement, the Indenture Trustee shall pay such amounts pursuant to the priorities provided in Section 8.02. On each Payment Date, the Indenture Trustee shall pay in accordance with the monthly report furnished by it with respect to such Payment Date, pursuant to Section 7.05 in the order of priority and to the extent specified in Section 8.02 of this Indenture, any payments made by the Swap Provider to the Indenture Trustee on behalf of the Trust for such Payment Date with respect to the Interest Rate Swap Agreement. The Indenture Trustee shall pay all Net Swap Payments due to the Swap Provider from funds in the Payment Account on the date when such payments are due to be paid pursuant to the Interest Rate Swap Agreement.
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Interest Rate Swap Agreement. (a) On the Closing Date, the Issuer shall execute and deliver the Interest Rate Swap Agreement.
Interest Rate Swap Agreement. The Interest Rate Swap Agreement shall be in full force and effect.
Interest Rate Swap Agreement. (a) The Issuing Entity shall on or prior to the Closing Date enter into the Interest Rate Swap Agreement with the Counterparty for the benefit of the Noteholders and Certificateholders, such that the aggregate notional amount under the Interest Rate Swap Agreement shall, at any time, be equal to the Outstanding Amount of the Class A-4 Notes at such time. Net Swap Receipts shall be deposited by the Indenture Trustee into the Collection Account on the day received and shall constitute part of the Total Distribution Amount. Subject to Section 5.6, on any Payment Date when there shall be a Net Swap Payment, the Indenture Trustee shall pay such Net Swap Payment from the Total Distribution Amount; and on any day when there shall be a Swap Termination Payment, the Indenture Trustee shall pay such Swap Termination Payment from the Total Distribution Amount.
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