Down Settlement Payment definition
Down Settlement Payment means, with respect to any Redemption Date, an Early Termination Date or the Final Scheduled Termination Date, an amount equal to:
Examples of Down Settlement Payment in a sentence
On each Redemption Date, the Trustee, as instructed by the Administrative Agent, shall cause the Down Trust to make a Down Settlement Payment, if any such payment is due under the Settlement Contracts being settled on such Redemption Date.