Class B Swap definition

Class B Swap means an interest rate swap agreement between the Trust and the Class B Counterparty substantially in the form of Exhibit C-2 to this Indenture Supplement, or such other form as shall have satisfied the Rating Agency Condition.
View Source
Class B Swap means an interest rate swap agreement between the Trust and the Class B Counterparty substantially in the form of Exhibit D-3 to this Indenture Supplement, or such other form as shall have satisfied the Rating Agency Condition.
View Source
Class B Swap means any Interest Rate Swap Agreement relating to the Class B Certificates.
View Source

Examples of Class B Swap in a sentence

  • The aggregate notional amount under the Class B Swap shall, at any time, be equal to the Class B Note Principal Balance at such time.

  • The only Transaction that will be governed by the terms of this Agreement will be the Class B Swap (as defined in the Indenture Supplement) as documented in the Confirmation, dated as of the date hereof.

  • In the event that any Counterparty is required to post collateral pursuant to the Class A Swap, Class B Swap or Class C Swap, the Issuer shall establish a Swap Collateral Account, which shall be an Eligible Deposit Account.

  • Reference to “Transactions” or “Transaction” shall be deemed to be reference to the Class B Swap.

  • The replacement Class A Swap Agreement and the Class B Swap Agreement will have initial notional amounts equal to the aggregate principal amounts of the Class A Notes and the Class B Notes, respectively, on the Issue Date.

  • If more than one Hedge Termination Fee shall be outstanding at any time, the Trustee shall make such distributions to the applicable Hedge Counterparties in the following order of priority: first, to the Hedge Counterparty for the Class A Swap; second, to the Hedge Counterparty for the Class M Swap; and third, to the Hedge Counterparty for the Class B Swap.

  • References in the Agreement to “Transactions” or “Transaction” shall be deemed to be references to the Class B Swap.

  • Notwithstanding anything to the contrary in this Agreement: This Agreement shall only govern Class B Swap (as defined in the Indenture Supplement) Confirmation dated as of the date hereof.

  • Class A Swap Termination Payments will rank pari passu with interest payments on the Class B Notes, Class B Swap Termination Payments will rank pari passu with interest payments on the Class A Notes, and Class C Swap Termination Payments will rank pari passu with interest payments on the Class C Notes, as set forth in Section 8.2 hereof and Section 4.6 of the Sale and Servicing Agreement.

  • If the aggregate of the amount paid by the 1998-C Securitization Trust to the Swap Counterparty on any Certificate Payment Date pursuant to Section 3.01(f)(i)(B) is less than the Class B Swap Interest Amount, then under the Swap Agreement, the corresponding payment due from the Swap Counterparty in exchange therefor shall be reduced in the same proportion as the proportion that any such Class B Swap Interest Shortfall Amount represents of such Class B Swap Interest Amount.


More Definitions of Class B Swap

Class B Swap means an interest rate swap agreement between the Trust and the Class B Counterparty substantially in the form of EXHIBIT E-2 to this Indenture Supplement, or such other form as shall have satisfied the Rating Agency Condition.]
View Source
Class B Swap means the swap agreement entered into between the Issuer and the Swap Counterparty with respect to the Class B Notes in order to hedge the fixed-floating rate exposure arising from Fixed Interest Payments and Interest Payments being calculated at a fixed interest rate while Class B Coupon Payments are calculated at six-month EURIBOR plus a margin.
View Source
Class B Swap means an interest rate swap agreement with respect to the Class B Notes between the Issuer and the Class B Counterparty substantially in the form of Exhibit B-2 to this Issuance Supplement, or such other form as shall have satisfied the Rating Agency Condition.
View Source

Related to Class B Swap

  • Class A-2, Class X-1," "Class X-2," "Class B," "Class C," "Class D," "Class E," "Class F," "Class G," "Class H," "Class J," "Class K," "Class L," "Class M," "Class N," "Class O," "Class R-I," "Class R-II" and "Class R-III" respectively, on the face thereof, in substantially the form attached hereto as Exhibits.

  • Class C Class D," "Class E," "Class F," "Class G," "Class H," "Class J," "Class K," "Class L," "Class M," "Class N," "Class O," "Class R-I," "Class R-II" and "Class R-III" respectively, on the face thereof, in substantially the form attached hereto as Exhibits.

  • Class B Class C," "Class D," "Class E," "Class F," "Class G," "Class H," "Class J," "Class K," "Class L," "Class M," "Class N," "Class O," "Class R-I," "Class R-II" and "Class R-III" respectively, on the face thereof, in substantially the form attached hereto as Exhibits.

  • Class A has the meaning set forth in Section 5.1.C.

  • Class A-1 Note Balance means, at any time, the Initial Class A-1 Note Balance reduced by all payments of principal made prior to such time on the Class A-1 Notes.