Examples of Hedge Termination Payments in a sentence
Any payments, other than Defaulted Interest Rate Hedge Termination Payments, required to be made by the Issuer under any Interest Rate Hedge Transaction will rank senior in priority to interest payments on each Class of Notes.
Any payments, other than Defaulted Interest Rate Hedge Termination Payments, required to be made by the Issuer under any Interest Rate Hedge Transactions will rank senior in priority to interest payments on each Class of Notes.
The amount of any Hedge Termination Payments shall be deposited in the Hedge Termination Payment Account, and the Administrative Agent shall direct the Trustee in writing to disburse funds out of the Hedge Termination Payment Account in accordance with this Indenture.
See "Security for the Class A Notes—The Coverage Tests."On a Business Day other than a Payment Date, Principal Proceeds (and to the extent there are insufficient Principal Proceeds, Interest Proceeds) may be applied to the payment of (a) any upfront payments due to any Hedge Counterparty or any replacement hedge counterparty, as the case may be, and (b) any net termination payments (other than the amount of any Defaulted Hedge Termination Payments) payable by the Issuer pursuant to any Hedge Agreements.
Any payments, other than Defaulted Interest Rate Hedge Termination Payments and Defaulted Currency Hedge Termination Payments, required to be made by the Issuer under any Interest Rate Hedge Transaction or Currency Hedge Transaction will rank senior in priority to the payments of interest on each Class of the Notes.