Upfront Swap Payment definition
Upfront Swap Payment. Chase NYC ABA ▇▇▇▇▇▇▇▇▇ a/c LBI – ▇▇▇▇▇▇ Brothers Holdings a/c 066206677 Reference: SAIL 2006-BNC2 Upfront Swap Payment
Upfront Swap Payment. A payment from the Upfront Swap Counterparty to Issuer in the amount of U.S.$23,000,000, made on the Closing Date pursuant to the terms of the Upfront Swap Agreement.
Examples of Upfront Swap Payment in a sentence
The Upfront Swap Payment will be deposited into the Unused Proceeds Account on the Closing Date, and will constitute a portion of the Initial Deposit.
Pursuant to the Upfront Swap Agreement, the Issuer will receive from the Upfront Swap Counterparty on the Closing Date the Upfront Swap Payment.