Senior Swap Termination Payment means any Swap Termination Payment owed by the Issuer to the Swap Counterparty under an Interest Rate Swap Agreement that is not a Subordinated Swap Termination Payment.]
Senior Swap Termination Payment means any Swap Termination Payment other than a Subordinate Swap Termination Payment.]
Senior Swap Termination Payment means any Swap Termination Payment payable by the Issuing Entity to the Swap Counterparty under the Interest Rate Swap Agreement on any Distribution Date relating to an early termination of a Transaction (as defined therein) under the Interest Rate Swap Agreement following (i) a Swap Event of Default or a Swap Termination Event arising under the Interest Rate Swap Agreement for which the Swap Counterparty is not the "Defaulting Party" or sole "Affected Party" or (ii) a Swap Termination Event (consisting of "Illegality" or "Tax Event") arising under the Interest Rate Swap Agreement. (The terms "Defaulting Party," "Affected Party," "Illegality" and "Tax Event" each has the meaning set forth in the Interest Rate Swap Agreement).
More Definitions of Senior Swap Termination Payment
Senior Swap Termination Payment means any Swap Termination Payment owed by the Issuer to the Swap Counterparty under the Interest Rate Swap Agreement arising due to (a) the failure of the Issuer to make payments due under the Interest Rate Swap Agreement, (b) the occurrence of any bankruptcy or insolvency event with respect to the Issuer, (c) the illegality of the transactions contemplated by the Interest Rate Swap Agreement, (d) any redemption, acceleration, auction, clean-up call or other prepayment in full, but not in part, of the notes under the Indenture or any Event of Default under the Indenture that results in rights or remedies being exercised with respect to the Collateral or (e) an amendment by the Issuer or any Affiliate of the Issuer of any Transaction Document without the prior consent of the Swap Counterparty to the extent that such consent is required under such Transaction Document.
Senior Swap Termination Payment means any Swap Termination Payment owed by the issuer to the swap counterparty under an interest rate swap transaction arising due to (1) the failure of the issuer to make payments due under that interest rate swap agreement and (2) the occurrence of certain bankruptcy and insolvency events of the issuer.
Senior Swap Termination Payment has the meaning specified in the Indenture.
Senior Swap Termination Payment means any Swap Termination Payment owed by the Issuing Entity to the Swap Counterparty under the Interest Rate Swap Agreement due to (i) the failure of the Issuing Entity to make Net Swap Payments due under the Interest Rate Swap Agreement, (ii) illegality of performance under the Interest Rate Swap Agreement or (iii) the occurrence of bankruptcy or insolvency events with respect to the Issuing Entity.
Senior Swap Termination Payment means any payment due to the Swap Counterparty from the Trust in respect of any early termination date of the Interest Rate Swap arising due to (1) the failure of the Trust to make payments due under the Interest Rate Swap, (2) the occurrence of certain bankruptcy and insolvency events of the Trust, (3) the illegality of the transactions contemplated by the Interest Rate Swap or (4) amendment by the Trust or any Affiliate of the Trust of any Basic Document without the consent of the Swap Counterparty to the extent such consent is required under the Basic Document.
Senior Swap Termination Payment means any Swap Termination Payment owed by the Issuer to the Swap Counterparty under the Interest Rate Swap Transaction arising due to an "Event of Default" (as defined in the Interest Rate Swap Transaction) with respect to the Issuer specified in Section 5(a)(i) (Failure to Pay or Deliver) and Section 5(a)(vii) (Bankruptcy), other than events specified in Section 5(a)(vii)(2) of the Interest Rate Swap Transaction.
Senior Swap Termination Payment means any Swap Termination Payment other than a Subordinate Swap Termination Payment. “Series 2008-VT1 VFC Purchase Agreement” means the Series 2008-VT1 VFC Purchase and Sale Agreement, dated as of April 1, 2008, among CFUSA and the Depositor, as the same may be amended, supplemented, restated or otherwise modified from time to time.