Swap Settlement Date definition
Swap Settlement Date means, for each Swap Transaction, the Business Day determined by Exchange from time to time in accordance with industry practice for such Swap Transaction, as posted on Exchange's Website not less than one month prior to the occurrence of such date, other than Invoices issued as a result of a Swap Party's Default or under the Close-out Procedure which amounts require payment immediately;
Swap Settlement Date means each date that an amount (including a Cancellation Amount and Partial Redemption Amount but other than an Early Redemption Amount) is due and payable by the Issuer to one or more holders of the Notes in accordance with the Terms and Conditions;
Examples of Swap Settlement Date in a sentence
On each Interest Rate Swap Settlement Date, the Collection Agent shall direct each Swap Counterparty to make all payments due under each corresponding Interest Rate Swap Agreement directly to the Collection Account.
On the Swap Settlement Date, Exchange will not remit any amounts payable from Exchange to the Contracting Party until all amounts payable from the Contracting Party to Exchange have been received by Exchange.
Any items on any Invoice disputed by any Contracting Party will be noted to Exchange at least one Business Day prior to the Swap Settlement Date or Premium Payment Date, as the case may be.