Swap Early Termination definition

Swap Early Termination. The occurrence of an Early Termination Date under the Swap Agreement.

Swap Early Termination. The occurrence of an early termination under the Interest Rate Swap Agreement.

Swap Early Termination. The occurrence of an Early Termination Date under the Interest Rate Swap Agreement.

Examples of Swap Early Termination in a sentence

• The Swap Counterparty shall give notice to the Issuer, copied to each Transaction Party (other than the Authorised Participant(s) and the Lead Authorised Participant), if it designates a Swap Early Termination Date under the Swap Agreement and the Issuer shall, as soon as reasonably practicable after receipt of such notice, give notice thereof to the Securityholders in accordance with Condition 19 and to the Authorised Participant(s) and the Lead Authorised Participant.

• Set out below is a description of the circumstances and events in which a Swap Early Termination Date may be so designated or occur.

• For the purposes of Condition 8(b), an Early Redemption Event in the form of a “Swap Agreement Redemption Event” will occur on such Swap Early Termination Date.

• An “Automatic Additional Swap Termination Event” will occur on the date designated as the Swap Early Termination Date in such notice.The Issuer shall, as soon as reasonably practicable upon receipt of any such Swap Optional Termination Exercise Notice, give notice thereof to the Securityholders in accordance with Condition 19 and to the Authorised Participant(s) and the Lead Authorised Participant.

• Pursuant to the terms of the Swap Agreement, a Swap Early Termination Date may be designated under the Swap Agreement by the Issuer or the Swap Counterparty if an illegality event and/or a force majeure events occurs.

More Definitions of Swap Early Termination

Swap Early Termination. As defined in the Swap Agreement.

Swap Early Termination. The occurrence of an Early Termination Date (as defined in the Group I Swap Agreement) under the Group I Swap Agreement.

Swap Early Termination. The occurrence of an Early Termination Date under the Swap Agreement. Swap Provider: JPMCB.

Swap Early Termination. The swap early termination as defined in the Interest Rate Swap Agreement.

Swap Early Termination. The designation of an "Early Termination ---------------------- Date" (as defined in the Swap Agreement).)

Swap Early Termination. The occurrence of an Early Termination Date (as defined in the Swap Agreement) under the Swap Agreement. Swap Provider: UBS AG, London Branch.

Swap Early Termination. A Termination Event under and as defined in ---------------------- the Swap Agreement. "Swap Guarantor": AMBAC Assurance Corporation. -------------- "Swap Policy": The financial guaranty insurance policy issued on ----------- September 25, 1997 by the Swap Guarantor (Policy No. SF0046BE). "Swap Termination Event": A Termination Event under and as defined in ----------------------- the Swap Agreement. "Trust": Mortgage Index Amortizing Trust 1997-1; the trust created by ----- the Trust Agreement and by the filing with the Secretary of State of the State of Delaware a Certificate of Trust of the Trust. "Trust Agreement": The trust agreement entered into between the Owner --------------- Trustee and the Depositor, dated as of September 1, 1997, as amended, supplemented or otherwise modified from time to time pursuant to the terms thereof. "Trust Estate": The meaning specified in the Granting Clause. ------------ "UCC": The Uniform Commercial Code as in effect in the State of New --- York as of the date hereof. "Uncertificated Security": The meaning specified in Section 8-102(1)(b) ----------------------- of the UCC. "Underlying Agreement": The Pooling and Servicing Agreement dated as -------------------- of September 1, 1992 as supplemented by the series supplements thereto relating to Series 1997-5, Series 1997-2, Series 1997-1 and Series 1996-4, between First USA Bank, as transferor and servicer, and The Bank of New York (Delaware), as trustee pursuant to which the CABS were originally issued. Section 1.02.