Estimated Swap Termination Payment definition

Estimated Swap Termination Payment means, with respect to an Early Termination Date, an amount determined by Party A in good faith and in a commercially reasonable manner as the maximum payment that could be owed by Party B to Party A in respect of such Early Termination Date pursuant to Section 6(e) of the ISDA Master Agreement, taking into account then current market conditions.

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Estimated Swap Termination Payment. As defined in the Interest Rate Swap Agreement.

Estimated Swap Termination Payment means, with respect to an Early Termination Date, an amount determined by BSFP in its sole discretion as the maximum payment that could be owed by Counterparty with respect to such Early Termination Date pursuant to Section 6(e) of the ISDA Form Master Agreement taking into account then current market conditions. The Trust Administrator shall be an express third party beneficiary of this Agreement as if a party hereto to the extent of the Trust Administrator’s rights specified in paragraph 13(e) hereof.

Examples of Estimated Swap Termination Payment in a sentence

The Swap Provider shall, no later than 2:00 pm on the following Business Day, notify in writing (which may be done in electronic format) the Securities Administrator of the amount of the Estimated Swap Termination Payment; the Securities Administrator shall promptly on the same day notify the Terminator of the amount of the Estimated Swap Termination Payment.
The Swap Provider shall, no later than 2:00 pm on the following Business Day, notify in writing (which may be in electronic format) the Trustee of the amount of the Estimated Swap Termination Payment, and the Trustee shall promptly on the same day notify the Majority Class C Certificateholder of the amount of the Estimated Swap Termination Payment.
The Group II Swap Provider shall, no later than 2:00 pm on the following Business Day, notify in writing (which may be done in electronic format) the Trustee of the amount of the Group II Estimated Swap Termination Payment; the Trustee shall promptly on the same day notify the Majority Class II-CE Certificateholder or the Master Servicer, as applicable, of the amount of the Group II Estimated Swap Termination Payment.
The Swap Provider shall, no later than 2:00 pm on the following Business Day, notify in writing (which may be done in electronic format) the Securities Administrator of the amount of the Estimated Swap Termination Payment; the Securities Administrator shall promptly on the same day notify the Master Servicer of the amount of the Estimated Swap Termination Payment.
The Swap Provider shall, no later than 2:00 pm on the following Business Day, notify in writing (which may be done in electronic format) the Trustee of the amount of the Estimated Swap Termination Payment (as defined in the Swap Agreement) the Trustee shall promptly on the same day notify the Majority Class CE Certificateholder or the Master Servicer, as applicable, of the amount of the Estimated Swap Termination Payment.
The Group I Swap Provider shall, no later than 2:00 pm on the following Business Day, notify in writing (which may be done in electronic format) the Trustee of the amount of the Group I Estimated Swap Termination Payment; the Trustee shall promptly on the same day notify the Majority Class I-CE Certificateholder or the Master Servicer, as applicable, of the amount of the Group I Estimated Swap Termination Payment.
The Swap Provider shall, no later than 2:00 pm on the following Business Day, notify in writing (which may be done in electronic format) the Trustee of the amount of the Estimated Swap Termination Payment; the Trustee shall promptly on the same day notify the Master Servicer of the amount of the Estimated Swap Termination Payment.
The Swap Provider shall, no later than 2:00 pm on the following Business Day, notify in writing (which may be in electronic format) the Securities Administrator of the amount of the Estimated Swap Termination Payment, and the Securities Administrator shall promptly on the same day notify the Majority Class C Certificateholder of the amount of the Estimated Swap Termination Payment.
The Group I Swap Provider shall, no later than 2:00 pm on the following Business Day, notify in writing (which may be done in electronic format) the Trustee of the amount of the Group I Estimated Swap Termination Payment (as defined in the Group I Swap Agreement) the Trustee shall promptly on the same day notify the Majority Class I-CE Certificateholder or the Master Servicer, as applicable, of the amount of the Group I Estimated Swap Termination Payment.
The Swap Provider shall, no later than 2:00 pm on the following Business Day, notify in writing (which may be done in electronic format) the Trustee of the amount of the Estimated Swap Termination Payment (as defined in the Swap Agreement) the Trustee shall promptly on the same day notify the Majority Class CE Certificateholder or the Company, as applicable, of the amount of the Estimated Swap Termination Payment.

More Definitions of Estimated Swap Termination Payment

Estimated Swap Termination Payment. With respect to an Optional Termination Date, an amount determined by the Swap Counterparty in good faith and in a commercially reasonable manner as the maximum payment that could be owed by the Supplemental Interest Trust to the Swap Counterparty in respect of such Optional Termination Date pursuant to Section 6(e) of the ISDA Master Agreement, taking into account then current market conditions. Exchangeable Certificates: Not applicable.

Estimated Swap Termination Payment means, with respect to an Early Termination Date, an amount determined by Party A in faith and in a commercially reasonable manner as the maximum payment that could be owed by Party B to Party A in respect of Early Termination Date pursuant to Section 6(e) of the ISDA Master Agreement, taking into account then current market condition

Estimated Swap Termination Payment means, an amount determined by BSFP in its sole discretion as the maximum payment that could be owed by Counterparty with respect to such Early Termination Date pursuant to Section 6(e) of the ISDA Form Master Agreement taking into account then current market conditions.

Estimated Swap Termination Payment. With respect to Loan Group I, as defined in the Group I Swap Agreement, and with respect to Loan Group III, as defined in the Group III Swap Agreement.