Swap Payments. The Trust shall pay to the Swap Counterparty, (i) all interest payments paid to the Trust in respect of the Underlying Securities on the date such amounts are received by the Trust, excluding any amount of interest that accrued with respect to the Underlying Securities from the Underlying Securities Payment Date next preceding the Closing Date to, but excluding, the Closing Date and (ii) upon the occurrence of a Swap Termination Event, other than a Special Termination Event, an amount equal to any Early Termination Payment owed by it to the Swap Counterparty under the Swap Agreement. All amounts received by the Trustee from the Swap Counterparty on any date under the Swap Agreement shall be deposited into the Certificate Account on such date.
Appears in 4 contracts
Samples: Master Agreement (Lehman Abs Corp Repack Amer Gen Float Rt Tr Certs Ser 2003-1), Master Agreement (Lehman Abs Corp Repac Ge Glob Ins FLT Rt Tr Cert Ser 2002-1), Master Agreement (Lehman Abs Corp Repack Amer Gen Float Rt Tr Certs Ser 2003-1)
