Interest Rate Swap Agreements. (a) The Issuing Entity shall on or prior to the Closing Date enter into the Interest Rate Swap Agreements with the applicable Counterparties for the benefit of the Noteholders and Certificateholders, such that the aggregate notional amount under the Interest Rate Swap Agreements shall, at any time, be equal to the Outstanding Amount of the Class A-4b 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.
Interest Rate Swap Agreements. (a) [The Issuing Entity shall on or prior to the Closing Date enter into the Interest Rate Swap Agreements with the Counterparties for the benefit of the Noteholders and Certificateholders, in form and substance reasonably acceptable by the Issuing Entity, the Counterparties and the Indenture Trustee, such that the aggregate notional amount under the Form of Sale and Servicing Agreement Interest Rate Swap Agreements shall, at any time, be equal to the Outstanding Amount of the Class 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 Agreements. (a) The Issuer shall on or prior to the Closing Date enter into the Interest Rate Swap Agreements with the Counterparties for the benefit of the Noteholders and Certificateholders, such that the aggregate notional amount under the Interest Rate Swap Agreements shall, at any time, be equal to the Outstanding Amount of the Class A-3a and 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 Agreements. Agent shall have reviewed the terms and conditions of the Swap Agreements and the other agreements, instruments and documents relating thereto, shall be satisfied with all such terms and conditions and shall have confirmed that the Credit Parties are in compliance therewith, both before and after giving effect to this Agreement, the transactions contemplated hereby and the Related Transactions and the transactions contemplated thereby.
Interest Rate Swap Agreements. If the Borrower makes any prepayment pursuant to Clause 9.2, it shall be obliged to pay to the Initial Bank as counterparty to the Interest Rate Swap Agreement (or the Initial Bank shall pay to the Agent for account of the Borrower) the amount of any loss (or, as the case may be, profit) incurred or made by the Initial Bank as a result of a total or partial early termination of the Interest Rate Swap Agreement made to ensure that the notional principal amount of the Interest Rate Swap Agreement matches the reduced amount of the Loan.
Interest Rate Swap Agreements. Borrower and the Consolidated Partnership will not enter into any interest rate swap, collar hedge or other similar agreements with respect to the Loan or any other Indebtedness.
Interest Rate Swap Agreements. Seller covenants and agrees to terminate all interest rate swap agreements to which the Company is a party at or prior to Closing.
Interest Rate Swap Agreements. Borrower and the Consolidated Partnership will not enter into any interest rate swap, collar, hedge or other similar agreements with respect to the Loan.”
Interest Rate Swap Agreements. Prior to the Closing, the Companies shall terminate the SWAP Agreements.
Interest Rate Swap Agreements. The Borrowers may enter into any interest rate swap agreement or other interest rate or currency protection or hedging arrangement.
