Interest Rate Swap Counterparty, definition

Interest Rate Swap Counterparty, if applicable, shall have the meaning set forth in the Series Term Sheet.

Interest Rate Swap Counterparty, means the Initial Interest Rate Swap Counterparty and each additional Eligible Swap Counterparty with which the Trust enters into an Interest Rate Swap Agreement.

Interest Rate Swap Counterparty, means each financial institution with which the Issuer enters into an Interest Rate Swap Transaction or any permitted assignee or successor thereto under the terms of the related Interest Rate Swap Transaction and in each case which has the applicable Required Rating (taking into account any guarantor thereof), and provided always that such financial institution has the regulatory capacity as a matter of Dutch law to enter into derivatives transactions with Dutch residents;

Examples of Interest Rate Swap Counterparty, in a sentence

• Pursuant to the terms of the Class Interest Rate Swap, the Interest Rate Swap Counterparty shall pay to the Trust the Net Swap Receipt or the Trust shall pay to the Interest Rate Swap Counterparty the Net Swap Payment, as applicable.

• If the Trust does not receive payment from the Interest Rate Swap Counterparty on each Interest Payment Date (if due), the Trustee, on behalf of the Trust, shall attempt to determine from the Interest Rate Swap Counterparty the reasons therefore and whether such payment is to be made by the Interest Rate Swap Counterparty on such Interest Payment Date.

• If the Class Interest Rate Swap has not been terminated and the Trust has not received any payment due from the Interest Rate Swap Counterparty on the related Interest Payment Date, the Trustee shall notify the Master Servicer of such fact prior to 1:00 p.m. Chicago time on such Interest Payment Date.

• Pursuant to the terms of the Class Interest Rate Swap, on each Distribution Date, the Interest Rate Swap Counterparty shall pay to the Trust the Net Swap Receipt or the Trust shall pay to the Interest Rate Swap Counterparty the Net Swap Payment, as applicable.

• If the Trust does not receive payment from the Interest Rate Swap Counterparty on each Distribution Date (if due), the Trustee, on behalf of the Trust, shall attempt to determine from the Interest Rate Swap Counterparty the reasons therefore and whether such payment is to be made by the Interest Rate Swap Counterparty on such Distribution Date.

More Definitions of Interest Rate Swap Counterparty,

Interest Rate Swap Counterparty, means HSBC Bank plc, with its office at 8 Canada Square, London E14 5HQ, United Kingdom, established as a bank with company number 00014259 under the laws of England and Wales, or its successor or any transferee appointed in accordance with the Interest Rate Swap;

Interest Rate Swap Counterparty, means Banco Santander S.A., Ciudad Grupo Santander, Avenida de Cantabria s/n, 28660 Boadilla del Monte, Spain, or its successor or any transferee or co-obligor appointed in accordance with the INTEREST RATE SWAP;

Interest Rate Swap Counterparty, means each financial institution with which the Issuer enters into an Interest Rate Swap Transaction or any permitted assignee or successor thereto under the terms of the related Interest Rate Swap Transaction and in each case which satisfies the applicable Rating Requirement (taking into account any guarantor thereof);

Interest Rate Swap Counterparty, means Citigroup Global Markets Limited a private limited liability company incorporated under the laws of England and Wales with registered number 1763297 and whose registered office is at Citigroup Centre, 33 Canada Square, Canary Wharf, London E14 5LB, as interest rate swap counterparty under the Interest Rate Swap Agreement, which expression shall include any permitted replacement or other swap counterparty with which the Issuer enters into any Interest Rate Swap Agreement;

Interest Rate Swap Counterparty, means IXIS Financial Products Inc., as the initial counterparty under the Interest Rate Swap Agreement, and any permitted successor, assign or replacement counterparty which assumes the obligations of the initial counterparty in accordance with the terms thereof and the terms of the Securities Issuance Agreement.

Interest Rate Swap Counterparty, means Mxxxxxx Lxxxx Capital Services, or any substitute or replacement interest rate swap counterparty that enters into a replacement Interest Rate Swap Contract with the ABC Trust.

Interest Rate Swap Counterparty, means initially JPMorgan Chase Bank, National Association, and following any replacement of the Interest Rate Swap by the Bond Bank pursuant to the Trust Agreement, shall mean the Replacement Interest Rate Swap Counterparty under such replacement agreement.