Swap Payment. With respect to each Distribution Date, an amount equal to the product of (a) 4.394%, (b) the Swap Notional Amount and (c) a fraction, the numerator of which is 30 and the denominator of which 360.
Swap Payment means, with respect to each Distribution Date, the amount payable to the Swap Counterparty by the Trust for such date as specified in the related Swap Agreement.
Swap Payment means the payments made by the Trust to the Swap Counterparty pursuant to any Swap, subject to any netting of payments provided in the applicable Swap.
Examples of Swap Payment in a sentence
Variable Information: (a) Initial Swap Payment Date: the Issue Date.
On the Initial Swap Payment Date, the Swap Counterparty will pay an amount to the Issuer equal to the Initial Swap Payment Amount.
Payments under the Swap Agreement On the Initial Swap Payment Date, the Swap Counterparty will pay an amount to the Issuer equal to the Initial Swap Payment Amount.
Initial Swap Payment Date: the third Business Day following the Issue Date.
Issuer Initial Swap Payment Amount: an amount which is equal to the net proceeds of the Notes which are not paid to the Deposit Counterparty pursuant to the Deposit Agreement or used to pay fees and expenses in connection with the administration of the Issuer and/or the Notes.
More Definitions of Swap Payment
Swap Payment means the payments made by the Note Issuer to the Swap Counterparty pursuant to any Swap, subject to any netting of payments provided in the applicable Swap.
Swap Payment means each net periodic payment payable under a Swap Contract or a net termination payment payable under a Swap Contract, by the Borrower to a Swap Bank or by a Swap Bank to the Borrower;
Swap Payment means any payment received by the Trust Collateral Agent under the Swap Agreement.
Swap Payment means any payment by the Hedge Counterparty to the Borrower pursuant to an Interest Rate Hedging Agreement.
Swap Payment means a payment made under a swap agreement;
Swap Payment. The meaning set forth in Section 8.01(a) of the Indenture.
Swap Payment means on any Distribution Date the net amount, if any, then payable by the Issuer to the Swap Counterparty, excluding any Swap Termination Payments.]