Counterparty Payments definition

Counterparty Payments means any payment to be made to, or for the benefit of, the Issuer under a Derivative Product.

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Counterparty Payments means all Royalties and other payments by the Counterparty to any Note Party pursuant to, or otherwise in respect of, the Applicable Agreements unless and until the Counterparty agrees in an instrument enforceable against it, in form and substance satisfactory to the Collateral Agent in its reasonable discretion, to separate the Royalties from all such other payments following which “Counterparty Payments” shall mean only the Royalties (provided that such instrument does not otherwise amend or change the Applicable Agreements, the Royalties or the amount, timing or duration thereof).

Counterparty Payments means any payment to be made to, or for the benefit of, the issuer under the derivative product agreements.

Examples of Counterparty Payments in a sentence

The Trustee shall deposit into the Supplemental Interest Account any Net Counterparty Payments received from the Swap Counterparty and shall distribute from the Supplemental Interest Account any such amounts to holders of the Certificates on each Distribution Date pursuant to Section 4.02(h).
The Trustee shall deposit into the Supplemental Interest Account any Net Counterparty Payments received from the Swap Counterparty and shall distribute from the Supplemental Interest Account any such amounts to holders of the Certificates on each Distribution Date pursuant to Section 4.10.
The Master Servicer shall deposit into the Supplemental Interest Account any Net Counterparty Payments received from the Swap Counterparty and shall distribute from the Supplemental Interest Account any such amounts to holders of the Certificates on each Distribution Date pursuant to Section 4.10.
Notwithstanding the foregoing, any Counterparty Payments received pursuant to the LIBOR Interest Rate Cap Derivative Agreement shall be deposited, on a pro rata basis based upon the Outstanding Amount of the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes, to the Class A-1 Interest Account, the Class A-2 Interest Account, the Class A-3 Interest Account and the Class A-4 Interest Account of the Note Payment Fund.
The Trust Administrator shall deposit into the Supplemental Interest Account any Net Counterparty Payments received from the Swap Counterparty and shall distribute from the Supplemental Interest Account any such amounts to holders of the Certificates on each Distribution Date pursuant to Section 4.10.
The Class A Notes are, except for certain Termination Payments that are not Priority Termination Payments, issued on a parity with any Derivative Products entered into by the Issuer with a Counterparty, pursuant to which the Issuer will, from time to time, owe Issuer Derivative Payments, and will, from time to time, be owed Counterparty Payments.
The Issuer hereby authorizes and directs the Indenture Trustee to acknowledge and agree to any Derivative Product hereafter entered into by the Issuer and a Counterparty under which (a) the Issuer may be required to make, from time to time, Issuer Derivative Payments and (b) the Indenture Trustee may receive, from time to time, Counterparty Payments for the account of the Issuer.
No Note Party shall provide the Counterparty any notice to direct Counterparty Payments to any account or any Person other than the Collection Account (unless directed in writing by the Collateral Agent).
The Issuer shall cause all Counterparty Payments to be deposited into the Collateral Account pursuant to the terms of the Note Purchase Agreement.
All Counterparty Payments shall be deposited in the Collection Account and transferred therefrom in accordance with the terms of this Agreement.

More Definitions of Counterparty Payments

Counterparty Payments. Fixed Rate Payer: Counterparty Counterparty Payment Date: November 15, 2007 Counterparty Payment Amount: USD 55,000