Net Swap Receipts definition

Net Swap Receipts means, for the Interest Rate Swap Agreement, the net amounts owed by the Swap Counterparty to the Issuer, if any, on any Swap Payment Date, excluding any Swap Termination Payments.]

Net Swap Receipts means, for any Payment Date, collectively, the Class A Net Swap Receipt, the Class B Net Swap Receipt and the Class C Net Swap Receipt for such Payment Date.

Net Swap Receipts or “Net Swap Receipt” means the Class A-4b Net Swap Receipt.]

Examples of Net Swap Receipts in a sentence

• On any Distribution Date, Swap Termination Payments, Net Swap Payments owed to the Swap Provider and Net Swap Receipts for that Distribution Date will be deposited into the Swap Account.

• Net Swap Receipts shall be deposited by the Indenture Trustee into the Collection Account on the day received and shall constitute part of the Total Distribution Amount.

• On any Distribution Date, Swap Termination Payments, Net Swap Payments owed to the Swap Provider and Net Swap Receipts for that Distribution Date will be deposited into the Supplemental Interest Trust.

• The Trustee shall deposit such Net Swap Receipts, if any, into the Finance Charge Account and shall apply such amounts as Class A Available Funds pursuant to subsection 4.09(a).

• The Trustee shall deposit such Net Swap Receipts, if any, into the Collection Account and shall apply such amounts as Available Funds pursuant to subsection 3.1 of this Indenture.

More Definitions of Net Swap Receipts

Net Swap Receipts means, for each Interest Rate Swap Agreement, the net amounts owed by the Swap Counterparty to the Issuing Entity, if any, on any Payment Date under such Interest Rate Swap Agreement, excluding any Swap Termination Payments.] “NILT, Inc.” means NILT, Inc., a Delaware corporation.

Net Swap Receipts or “Net Swap Receipt” means the Class A-2 Net Swap Receipt and/or the Class A-4b Net Swap Receipt.

Net Swap Receipts. With respect to each Payment Date, the excess, if any, of (a) the monthly payments by the Swap Counterparty to the Seller under the Swap Documents and any interest accrued thereon over (b) the monthly payments by the Seller to the Swap Counterparty under the Swap Documents and any interest accrued thereon.

Net Swap Receipts means, for any interest rate swap transaction, the net amounts owed by the related swap counterparty to the issuer, if any, on any payment date, excluding Swap Termination Payments under that interest rate swap transaction.

Net Swap Receipts or "Net Swap Receipt" means the Class A-3a Net Swap Receipt and/or the Class A-4a Net Swap Receipt.

Net Swap Receipts means the higher of: (i) zero (0); and (ii) the amounts due by the Swap Counterparty to the Issuer minus the amounts due by the Issuer to the Swap Counterparty under the Swap Agreement, other than any Subordinated Swap Amount.

Net Swap Receipts means for the Swap Agreements, the net amounts received by the Issuer from a Swap Counterparty, if any, on any Payment Date, excluding any Swap Termination Payments. For further clarity, this term does not include any amounts transferred as collateral.