Swap Counterparty Payment definition

Swap Counterparty Payment. For each Swap Payment Date on or prior to the Swap Termination Date, the Floating Amount as defined in the Swap Agreement.

Swap Counterparty Payment. With respect to a Swap Payment Date, the payment, if any, made by the Swap Counterparty to the Trust, on behalf of the Supplemental Interest Trust, for the benefit of the holders of the Certificates as determined in accordance with the Swap Agreement.

Swap Counterparty Payment. As defined in the Series Supplement.

Examples of Swap Counterparty Payment in a sentence

• Pursuant to the terms of the Interest Rate Swap, the Trustee is to receive payment from the Swap Counterparty prior to 10:00 a.m. Chicago time on any Distribution Date of the amount of any Swap Counterparty Payment to be paid by the Swap Counterparty on such Distribution Date.

• To the extent that any Replacement Swap Counterparty Payment is made to an account other than the Swap Account, then, notwithstanding anything to the contrary contained in this Agreement, any Senior Defaulted Swap Termination Payment shall be paid to the Swap Counterparty immediately upon receipt of such Replacement Swap Counterparty Payment, regardless of whether the date of receipt thereof is a Distribution Date and without regard to anything to the contrary contained in this Agreement.

• The Swap Counterparty shall pay to the Issuer on the Initial Exchange Date an amount equal to EUR 49,252,745.80.The Swap Counterparty shall pay to the Issuer on each Swap Counterparty Payment Date the corresponding Swap Counterparty Payment Amount.

• On each Swap Counterparty Payment Date, an amount equal to the product of the Swap Counterparty Notional Amount on such Swap Counterparty Payment Date, the Swap Counterparty Fixed Rate and the Swap Counterparty Day Count Fraction.

• Party A)Swap Counterparty Payment Dates: Swap Counterparty Payment Amounts:None.

More Definitions of Swap Counterparty Payment

Swap Counterparty Payment. On each Distribution Date and with respect to each Class of Grantor Trust Certificates, the following amounts due to the Swap Counterparty pursuant to the related Swap Agreement: (i) from interest payments on the related Class of Underlying Certificates, accrued and unpaid interest on the related Swap Deferred Interest Amount and (ii) to the extent of principal payments on such Underlying Certificates, the related Swap Deferred Interest Amount. Tax Administration and Tax Matters Person: The Trustee and any successor thereto or assignee thereof shall serve as tax administrator hereunder and as agent for the Tax Matters Person. The Holder of the largest percentage interest of each Class of Residual Certificates shall be the Tax Matters Person for the related REMIC, as more particularly set forth in Section 9.12.

Swap Counterparty Payment means any payment made by the Swap Counterparty under the Swap Agreement.

Swap Counterparty Payment. On each Distribution Date, amounts due to the Swap Counterparty pursuant to the related Swap Agreement. Trust Fund or Trust: The corpus of the trust created by this Agreement, consisting of the Underlying Certificates, the Swap Agreements and the other assets described in Section 2.01.

Swap Counterparty Payment. On each Distribution Date, amounts due to the Swap Counterparty pursuant to the Swap Agreement.

Swap Counterparty Payment. With respect to the Swap Payment Date is an amount equal to the product of (i) USD-LIBOR-BBA for that Swap Payment Date plus the Spread (as each term is defined in the Swap Agreement), (ii) the Swap Notional Amount for that Swap Payment Date and (iii) a fraction, the numerator of which is the actual number of days elapsed in each Calculation Period and the denominator of which is 360, subject to reduction in the circumstances set forth in the Swap Agreement.

Swap Counterparty Payment means, for any Payment Date, an amount equal to the excess of (1) the product of (x) [One-Month LIBOR] [+ / -] [_]%, (y) [the notional amount of the swap for such Payment Date, as set forth in the Swap Agreement][the Note Balance of the Class [_] Notes immediately following the preceding Payment Date (or with respect to the first Payment Date, the Closing Date], and (z) a fraction, the numerator of which is the actual number of days elapsed in such Interest Period and the denominator of which is 360, over (2) the product of (x) [_]%, (y) [the notional amount of the swap for such Payment Date, as set forth in the Swap Agreement][the Note Balance of the Class [_] Notes immediately following the preceding Payment Date (or with respect to the first Payment Date, the Closing Date], and (z) a fraction, the numerator of which is 30 and the denominator of which is 360, which payment shall be deposited into the Collection Account by the Swap Counterparty on or before the second Business Day preceding the related Payment Date.]

Swap Counterparty Payment. An amount equal to the greater of (I) zero and (II) the product of (a) One-Month LIBOR for the related Distribution Date, (b) a fraction, the numerator of which is the actual number of days elapsed in the related Swap Calculation Period and the denominator of which is 360 and (c) the Swap Notional Amount.