CDS Payment definition
CDS Payment means a CDS Loss Payment and/or a CDS Interest Payment.
Examples of CDS Payment in a sentence
Within three (3) Business Days of the Effective Date (as defined below), the entire balance of the Reserve Account shall be applied to pay the entire Trustee Amount, and any funds remaining in such balance after paying the Trustee Amount shall be applied to pay a portion of the CDS Payment Amount.
The sum of the CDS Payment Amount and the Trustee Amount is referred to herein as the “Settlement Amount”.