Common use of Defaulted Swap Termination Payment Clause in Contracts

Defaulted Swap Termination Payment. Any Swap Termination Payment required to be paid by the Supplemental Interest Trust to the Swap Provider pursuant to either the LIBOR Swap Agreement or the Federal Funds Swap Agreement, as a result of an Event of Default (as defined in the applicable interest rate swap agreement) with respect to which the Swap Provider is the defaulting party or a Termination Event (as defined in the applicable interest rate swap agreement) (other than Illegality or a Tax Event that is not a Tax Event Upon Merger (each as defined in the applicable interest rate swap agreement)) with respect to which the Swap Provider is the sole Affected Party (as defined in the applicable interest rate swap agreement) or with respect to a termination resulting from a Substitution Event (as defined in the applicable Interest Rate Swap Agreement).

Defaulted Swap Termination Payment. Any Swap Termination Payment required to be paid by the Supplemental Interest Trust to the Swap Provider pursuant to either the LIBOR Interest Rate Swap Agreement or the Federal Funds Swap Agreement, as a result of an Event of Default (as defined in the applicable interest rate swap agreementInterest Rate Swap Agreement) with respect to which the Swap Provider is the defaulting party or a Termination Event (as defined in the applicable interest rate swap agreementInterest Rate Swap Agreement) (other than Illegality or a Tax Event that is not a Tax Event Upon Merger (each as defined in the applicable interest rate swap agreementInterest Rate Swap Agreement)) with respect to which the Swap Provider is the sole Affected Party (as defined in the applicable interest rate swap agreementInterest Rate Swap Agreement) or with respect to a termination resulting from a Substitution Event (as defined in the applicable Interest Rate Swap Agreement).

Defaulted Swap Termination Payment. Any Swap Termination Payment required to be paid by the Supplemental Interest Trust to the Swap Provider pursuant to either the LIBOR applicable Interest Rate Swap Agreement or the Federal Funds Swap Agreement, as a result of an Event of Default (as defined in the applicable interest rate swap agreementInterest Rate Swap Agreement) with respect to which the Swap Provider is the defaulting party or a Termination Event (as defined in the applicable interest rate swap agreementInterest Rate Swap Agreement) (other than Illegality or a Tax Event that is not a Tax Event Upon Merger (each as defined in the applicable interest rate swap agreementInterest Rate Swap Agreement)) with respect to which the Swap Provider is the sole Affected Party (as defined in the applicable interest rate swap agreementInterest Rate Swap Agreement) or with respect to a termination resulting from a Substitution Event (as defined in the applicable Interest Rate Swap Agreement).