Priority Swap Termination Payment definition

Priority Swap Termination Payment means any Class A-4b Swap Termination Payment payable by the Issuing Entity relating to (i) an early termination of the Class A-4b Swap Agreement, following an “Event of Default” or “Termination Event” for which the applicable Counterparty is not the “Defaulting Party” or sole “Affected Party” or (ii) an early termination of the Class A-4b Swap Agreement, as a result of a “Tax Event” or “Illegality” (terms in quotations in the foregoing definition shall have the respective meanings assigned to such terms in the Class A-4b Swap Agreement).]
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Priority Swap Termination Payment means, in relation to the Swap Agreement, any amount payable by the Issuer to the Swap Counterparty pursuant to Section 6(e) of the Master Agreement relating to such Swap Agreement other than a Subordinated Swap Termination Payment (but including, for the avoidance of doubt, any Unpaid Amount as defined in such Master Agreement payable by the Issuer to the Swap Counterparty, whether or not as a result of a Non Priority Swap Termination Event);
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Priority Swap Termination Payment means any Class A-2b Swap Termination Payment, Class A-3b Swap Termination Payment or Class A-4b Swap Termination Payment payable by the Issuing Entity relating to (i) an early termination of the Class A-2b Swap Agreement, Class A-3b Swap Agreement or Class A-4b Swap Agreement, respectively, following an “Event of Default” or “Termination Event” for which the applicable Counterparty is not the “Defaulting Party” or sole “Affected Party” or (ii) an early termination of the Class A-2b Swap Agreement, Class A-3b Swap Agreement or Class A-4b Swap Agreement, respectively, as a result of a “Tax Event” or “Illegality” (terms in quotations in the foregoing definition shall have the respective meanings assigned to such terms in the Class A-2b Swap Agreement, Class A-3b Swap Agreement or Class A-4b Swap Agreement, respectively).
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More Definitions of Priority Swap Termination Payment

Priority Swap Termination Payment. Any Swap Termination Payment resulting from an event of default or termination event (each as defined in the Yield Maintenance Agreement) under the Yield Maintenance Agreement with respect to which the Counterparty was not the sole defaulting or affected party.]
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Priority Swap Termination Payment means any Swap Termination Payment payable by the Issuer relating to (i) an early termination of an Interest Rate Swap Agreement following an “Event of Default” or “Termination Event” arising under the Interest Rate Swap Agreement for which the Interest Rate Swap Counterparty is not the “Defaulting Party” or sole “Affected Party” or (ii) an early termination of an Interest Rate Swap Agreement as a result of a “Tax Event” or “Illegality” under the Interest Rate Swap Agreement (terms in quotations having the respective meaning assigned to them in the applicable Interest Rate Swap Agreement).
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Priority Swap Termination Payment means any Swap Termination Payment payable by the Issuer relating to (i) an early termination of an Interest Rate Swap Agreement following an "Event of Default" or "Termination Event" arising under the Interest Rate Swap Agreement for which the Interest Rate Swap Counterparty is not the "Defaulting Party" or sole "Affected Party" or (ii) an early termination of an Interest Rate Swap Agreement as a result of a "Tax Event" or "Illegality" under the Interest Rate Swap Agreement (terms in quotations having the respective meaning assigned to them in the applicable Interest Rate Swap Agreement).
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Related to Priority Swap Termination Payment

  • Swap Termination Payment Upon the designation of an “Early Termination Date” as defined in the Swap Agreement, the payment to be made by the Swap Administrator to the Swap Provider from payments from the Trust Fund, or by the Swap Provider to the Swap Administrator for payment to the Trust Fund, as applicable, pursuant to the terms of the Swap Agreement.

  • Swap Termination Payments shall have the meaning set forth in each Swap Agreement.

  • Termination Payment means the payment amount equal to the sum of (a) and (b), where (a) is the Settlement Amount and (b) is the sum of all amounts owed by the Defaulting Party to the Non-Defaulting Party under this Agreement, less any amounts owed by the Non-Defaulting Party to the Defaulting Party determined as of the Early Termination Date.

  • Termination Payments means any payment or distribution of Compensation or benefits made pursuant to Section 4.1(a)-(c) of this Agreement.

  • 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.

  • Defaulted Swap Termination Payment Any Swap Termination Payment required to be paid by the Trust to the Swap Provider pursuant to the Interest Rate Swap Agreement as a result of an Event of Default (as defined in the Interest Rate Swap Agreement) with respect to which the Swap Provider is the defaulting party or a Termination Event (as defined in the Interest Rate Swap Agreement) (other than Illegality or a Tax Event that is not a Tax Event Upon Merger (each as defined in the Interest Rate Swap Agreement )) with respect to which the Swap Provider is the sole Affected Party (as defined in the Interest Rate Swap Agreement).

  • Termination Payment Date means the earlier of the first Distribution Date following the liquidation or sale of the Receivables as a result of an Insolvency Event and the occurrence of the Scheduled Series 1995-1 Termination Date.

  • Swap Termination Event means any event defined as a “Termination Event” in the Interest Rate Swap Agreement.

  • Loan Termination Date means the earliest to occur of the following: (i) as to TERM NOTE 2, TERM NOTE 4, and TERM NOTE 5, September 1, 2011; as to the REVOLVING NOTE, April 21, 2006; (ii) the date the OBLIGATIONS are accelerated pursuant to this AGREEMENT, and (iii) the date BANK receives (a) notice in writing from BORROWER of BORROWER’S election to terminate this AGREEMENT and (b) indefeasible payment in full of the OBLIGATIONS.

  • Early Termination Payment is defined in Section 4.3(b) of this Agreement.

  • Term Loan Termination Date means the earlier to occur of the (i) Term Loan Maturity Date or (ii) Early Termination Date.

  • Swap Termination Value means, in respect of any one or more Swap Contracts, after taking into account the effect of any legally enforceable netting agreement relating to such Swap Contracts, (a) for any date on or after the date such Swap Contracts have been closed out and termination value(s) determined in accordance therewith, such termination value(s), and (b) for any date prior to the date referenced in clause (a), the amount(s) determined as the xxxx-to-market value(s) for such Swap Contracts, as determined based upon one or more mid-market or other readily available quotations provided by any recognized dealer in such Swap Contracts (which may include a Lender or any Affiliate of a Lender).

  • Net Swap Payment With respect to each Distribution Date, the net payment required to be made pursuant to the terms of the Swap Agreement by either the Swap Provider or the Swap Administrator, which net payment shall not take into account any Swap Termination Payment.

  • Fixed Swap Payment With respect to any Distribution Date, a fixed amount equal to the related amount set forth in the Interest Rate Swap Agreement.

  • Facility Termination Date means the date as of which all of the following shall have occurred: (a) the Aggregate Commitments have terminated, (b) all Obligations have been paid in full (other than contingent indemnification obligations), and (c) all Letters of Credit have terminated or expired (other than Letters of Credit as to which other arrangements with respect thereto satisfactory to the Administrative Agent and the L/C Issuer shall have been made).

  • Termination Amount has the meaning set forth in Section 7.02(a).

  • Floating Swap Payment With respect to any Distribution Date, a floating amount equal to the product of (i) Swap LIBOR, (ii) the related Base Calculation Amount (as defined in the Interest Rate Swap Agreement), (iii) 250 and (iv) a fraction, the numerator of which is the actual number of days elapsed from and including the previous Floating Rate Payer Payment Date (as defined in the Interest Rate Swap Agreement) to but excluding the current Floating Rate Payer Payment (or, for the first Floating Rate Payer Payment Date, the actual number of days elapsed from the Closing Date to but excluding the first Floating Rate Payer Payment Date), and the denominator of which is 360.

  • Accrual Termination Date Not applicable.

  • Class Subordination Percentage With respect to any Distribution Date and each Class of Subordinated Certificates, the quotient (expressed as a percentage) of (a) the Class Certificate Balance of such Class of Certificates immediately prior to such Distribution Date divided by (b) the aggregate of the Class Certificate Balances immediately prior to such Distribution Date of all Classes of Certificates.

  • Termination Percentage has the meaning set forth in Section 2.2.

  • Early Termination Amount means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, these Conditions or the relevant Final Terms;

  • Group II Interest Remittance Amount With respect to any Distribution Date, that portion of the Available Funds for such Distribution Date attributable to interest received or advanced with respect to the Group II Mortgage Loans.

  • Non-Payment Period means any period commencing on and including the day on which the Trust shall fail to (i) declare, prior to the close of business on the second Business Day preceding any Dividend Payment Date, for payment on or (to the extent permitted by paragraph 2(c)(i) of this Article VIII, Section 2 of these Amended By-Laws) within three Business Days after such Dividend Payment Date to the Holders as of 12:00 noon, New York City time, on the Business Day preceding such Dividend Payment Date, the full amount of any dividend on shares of APS payable on such Dividend Payment Date or (ii) deposit, irrevocably in trust, in same-day funds, with the Auction Agent by 12:00 noon, New York City time, (A) on such Dividend Payment Date the full amount of any cash dividend on such shares payable (if declared) on such Dividend Payment Date or (B) on any redemption date for any shares of APS called for redemption, the Mandatory Redemption Price per share of such APS or, in the case of an optional redemption, the Optional Redemption Price per share, and ending on and including the Business Day on which, by 12:00 noon, New York City time, all unpaid cash dividends and unpaid redemption prices shall have been so deposited or shall have otherwise been made available to Holders in same-day funds; provided that, a Non-Payment Period shall not end unless the Trust shall have given at least five days' but no more than 30 days' written notice of such deposit or availability to the Auction Agent, all Existing Holders (at their addresses appearing in the Share Books) and the Securities Depository. Notwithstanding the foregoing, the failure by the Trust to deposit funds as provided for by clauses (ii)(A) or (ii)(B) above within three Business Days after any Dividend Payment Date or redemption date, as the case may be, in each case to the extent contemplated by paragraph 2(c)(i) of these Amended By-Laws, shall not constitute a "Non-Payment Period."

  • Termination Fee Event has the meaning ascribed thereto in Section 8.2(2).

  • Distribution Payment Date has the meaning set forth in paragraph 2(b) of Annex I.

  • Group I Interest Remittance Amount With respect to any Distribution Date, that portion of the Available Funds for such Distribution Date attributable to interest received or advanced with respect to the Group I Mortgage Loans.