Common use of Swap Termination Payment Clause in Contracts

Swap Termination Payment. Upon the designation of an “Early Termination Date” as defined in the Group 1 Swap Agreement, the payment required to be made by the Supplemental Interest Trust to the Group 1 Swap Counterparty, or by the Group 1 Swap Counterparty to the Supplemental Interest Trust, as applicable, pursuant to the terms of the Group 1 Swap Agreement, and any unpaid amounts due on previous Swap Payment Dates and accrued interest thereon as provided in the Group 1 Swap Agreement, as calculated by the Group 1 Swap Counterparty and furnished to the Trustee.

Appears in 2 contracts

Samples: Custodial Agreement (Lehman XS Trust 2007-10h), Custodial Agreement (Lehman XS Trust 2007-10h)

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Swap Termination Payment. Upon the designation of an “Early Termination Date” as defined in the Group 1 I Swap Agreement, the payment required to be made by the Supplemental Interest Trust to the Group 1 Swap Counterparty, or by the Group 1 Swap Counterparty to the Supplemental Interest Trust, as applicable, pursuant to the terms of the Group 1 I Swap Agreement, and any unpaid amounts due on previous Swap Payment Dates and accrued interest thereon as provided in the Group 1 I Swap Agreement, as calculated by the Group 1 Swap Counterparty and furnished to the Trustee.

Appears in 1 contract

Samples: Custodial Agreement (Lehman XS Trust 2007-6)

Swap Termination Payment. Upon the designation of an “Early Termination Date” as defined in the Group 1 Swap Agreement, the payment required to be made by the Supplemental Interest Trust to the Group 1 Swap Counterparty, or by the Group 1 Swap Counterparty to the Supplemental Interest Trust, as applicable, pursuant to the terms of the Group 1 Swap Agreement, and any such unpaid amounts due on previous Swap Payment Distribution Dates and accrued interest thereon as provided in the Group 1 Swap Agreement, as calculated by the Group 1 Swap Counterparty and furnished to the Trustee.

Appears in 1 contract

Samples: Trust Agreement (SASCO Mortgage Pass Through Certificates, Series 2005-Nc2)

Swap Termination Payment. Upon the designation of an “Early Termination Date” as defined in the Group 1 Swap Agreement, the payment required to be made by the Supplemental Interest Trust to the Group 1 Swap Counterparty, or by the Group 1 Swap Counterparty to the Supplemental Interest Trust, as applicable, pursuant to the terms of the Group 1 Swap Agreement, and any unpaid amounts due on previous Swap Payment Distribution Dates and accrued interest thereon as provided in the Group 1 Swap Agreement, as calculated by the Group 1 Swap Counterparty and furnished to the Trustee.

Appears in 1 contract

Samples: Trust Agreement (First Franklin Mortgage Loan Trust 2005-Ff3)

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Swap Termination Payment. Upon the designation of an “Early Termination Date” as defined in the Group 1 Swap Agreement, the payment required to be made by the Supplemental Interest Trust to the Group 1 Swap Counterparty, or by the Group 1 Swap Counterparty to the Supplemental Interest Trust, as applicable, pursuant to the terms of the Group 1 Swap Agreement, and any unpaid amounts due on previous Swap Payment Dates and accrued interest thereon as provided in the Group 1 Swap Agreement, as calculated by the Group 1 Swap Counterparty and furnished to the Trustee.

Appears in 1 contract

Samples: Custodial Agreement (Lehman XS Trust 2007-9)

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