FIXED AMOUNTS. Fixed Rate Payer: Party B Fixed Amount: (Premium) USD 3,390,000, paid by Party B to Party A on the Fixed Rate Payer Payment Date, subject to Adjustment in accordance with the Modified Following Business Day Convention. Fixed Rate Payer Payment Date: 5 February 2004 Floating Rate Payer: Party A Floating Rate Payer Period End Dates: The 25th of each month, commencing 25 March 2004 through and including the Termination Date, subject to adjustment in accordance with Modified Following Business Day Convention Floating Rate Payer Payment Dates: Two Business Days prior to each Floating Rate Payer Period End Date Floating Rate for initial Calculation Period: To be determined Floating Rate Option: USD-LIBOR-BBA, provided, however, that if the Floating Rate Option for any Calculation Period is greater than 9.25% then the Floating Rate Option shall be deemed to be 9.25% for such Calculation Period. Floating Rate Payer Payment Amount Notional Amount times the Floating Rate Day Count Fraction times (Floating Rate Option minus Cap Rate); provided, however, that no payment shall be made by Party A and the Floating Rate Payer Payment Amount shall be zero if the Floating Rate Option is less than or equal to the Cap Rate. Designated Maturity: 1 month Spread: None Floating Rate Day Count Fraction: Actual/360 Reset Dates: The first day of each Floating Rate Payer Calculation Period. Rate Cut-off Dates: Inapplicable Method of Averaging: Inapplicable Compounding: Inapplicable Compounding Dates: Inapplicable Business Days for payment: New York Calculation Agent: Party A
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Samples: Pooling and Servicing Agreement (Long Beach Sec Corp Asset Backed Certs Ser 2004-1)
FIXED AMOUNTS. Fixed Rate Payer: Party B Fixed Amount: Payer (Premium) USD 3,390,000, paid by Party B to Party A on the Cap Buyer): Counterparty. Fixed Rate Payer Payment Date: The Effective Date, subject to Adjustment adjustment in accordance with the Modified Following Business Day Convention. Fixed Amount: USD 195,000 payable by Counterparty to Xxxxxxx Xxxxx Capital Markets, L.P. on the Fixed Rate Payer Payment Date. Floating Amounts: 5 February 2004 Floating Rate Payer: Party A Floating Rate Payer Period End Dates(Cap Seller): GSCM Cap Rate: The 25th of As set forth on Schedule A attached hereto for each month, commencing 25 March 2004 through and including the Termination Date, subject to adjustment in accordance with Modified Following Business Day Convention Calculation Period. Floating Rate Payer Payment Dates: Two Monthly, on the day which is one (1) Business Days Day prior to each Floating Rate Payer Period End Date Floating Rate for initial Calculation Period: To be determined Date. Floating Rate Option: USD-LIBOR-BBA, ; provided, however, that if the Floating Rate determined from such Floating Rate Option for any Calculation Period is greater than 9.25or equal to 10.00% then the Floating Rate Option for such Calculation Period shall be deemed to be 9.25% for such Calculation Period10.00%. Floating Rate Payer Payment Amount Amount: Notional Amount times the Floating Rate Day Count Fraction times (Floating Rate Option minus Cap Rate); provided, however, that no payment shall be made by Party A GSCM and the Floating Rate Payer Payment Amount shall be zero if the Floating Rate Option is less than or equal to the Cap Rate. Floating Rate Designated Maturity: 1 month Spread: None Month Floating Rate Day Count Fraction: Actual/360 Reset Dates: The first day of each Floating Rate Payer Calculation Period. Floating Rate Cut-off Day Count Fraction: Actual/360 Floating Rate Period End Dates: Inapplicable Method Monthly, on the 25th day of Averaging: Inapplicable Compounding: Inapplicable Compounding each month, commencing on May 25, 2005 and ending on the Termination Date, with no adjustment to such Floating Rate Period End Dates: Inapplicable . Business Days for paymentDays: New York and Santa Ana, CA Calculation Agent: Party AGSCM
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FIXED AMOUNTS. Fixed Rate Payer: Party B Fixed Amount: (Premium) USD 3,390,000265,000.00, paid by Party B to Party A on the Fixed Rate Payer Payment Date, subject to Adjustment in accordance with the Modified Following Business Day Convention. Fixed Rate Payer Payment Date: 5 February 2004 6 January 2005 Floating Rate Payer: Party A Floating Rate Payer Period End Dates: The 25th of each month, commencing on 25 March 2004 February 2005 through and including the Termination Date, subject to adjustment in accordance with Modified the Following Business Day Convention Floating Rate Payer Payment Dates: Two Business Days prior to each Floating Rate Payer Period End Date Floating Rate for initial Calculation Period: To be determined Floating Rate Option: USD-LIBOR-BBA, provided, however, that if the Floating Rate Option for any Calculation Period is greater than 9.2510.00% then the Floating Rate Option shall be deemed to be 9.2510.00% for such Calculation Period. Floating Rate Payer Payment Amount Notional Amount times the Floating Rate Day Count Fraction times (Floating Rate Option minus Cap Rate); provided, however, that no payment shall be made by Party A and the Floating Rate Payer Payment Amount shall be zero if the Floating Rate Option is less than or equal to the Cap Rate. Designated Maturity: 1 month Spread: None Floating Rate Day Count Fraction: Actual/360 Reset Dates: The first day of each Floating Rate Payer Calculation Period. Rate Cut-off Dates: Inapplicable Method of Averaging: Inapplicable Compounding: Inapplicable Compounding Dates: Inapplicable Business Days for payment: New York Calculation Agent: Greenwich Capital Markets, Inc. (as agent for Party A)
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FIXED AMOUNTS. Fixed Rate Payer: Party B Fixed Amount: Payer (Premium) USD 3,390,000, paid by Party B to Party A on the Cap Buyer): Counterparty. Fixed Rate Payer Payment Date: The Effective Date, subject to Adjustment adjustment in accordance with the Modified Following Business Day Convention. Fixed Amount: USD 115,000 payable by Counterparty to Xxxxxxx Xxxxx Capital Markets, L.P. on the Fixed Rate Payer Payment Date. Floating Amounts: 5 February 2004 Floating Rate Payer: Party A Floating Rate Payer Period End Dates(Cap Seller): GSCM Cap Rate: The 25th of As set forth on Schedule A attached hereto for each month, commencing 25 March 2004 through and including the Termination Date, subject to adjustment in accordance with Modified Following Business Day Convention Calculation Period. Floating Rate Payer Payment Dates: Two Monthly, on the day which is one (1) Business Days Day prior to each Floating Rate Payer Period End Date Floating Rate for initial Calculation Period: To be determined Date. Floating Rate Option: USD-LIBOR-BBA, ; provided, however, that if the Floating Rate determined from such Floating Rate Option for any Calculation Period is greater than 9.25or equal to 10.00% then the Floating Rate Option for such Calculation Period shall be deemed to be 9.25% for such Calculation Period10.00%. Floating Rate Payer Payment Amount Amount: Notional Amount times the Floating Rate Day Count Fraction times (Floating Rate Option minus Cap Rate); provided, however, that no payment shall be made by Party A GSCM and the Floating Rate Payer Payment Amount shall be zero if the Floating Rate Option is less than or equal to the Cap Rate. Floating Rate Designated Maturity: 1 month Spread: None Month Floating Rate Day Count Fraction: Actual/360 Reset Dates: The first day of each Floating Rate Payer Calculation Period. Floating Rate Cut-off Day Count Fraction: Actual/360 Floating Rate Period End Dates: Inapplicable Method Monthly, on the 25th day of Averaging: Inapplicable Compounding: Inapplicable Compounding each month, commencing on May 25, 2005 and ending on the Termination Date, with no adjustment to such Floating Rate Period End Dates: Inapplicable . Business Days for paymentDays: New York and Santa Ana, CA Calculation Agent: Party AGSCM
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FIXED AMOUNTS. Fixed Rate Payer: Party B Fixed Amount: (Premium) USD 3,390,000400,000, paid by Party B to Party A on the Fixed Rate Payer Payment Date, subject to Adjustment in accordance with the Modified Following Business Day Convention. Fixed Rate Payer Payment Date: 5 February 2004 6 January 2005 Floating Rate Payer: Party A Floating Rate Payer Period End Dates: The 25th of each month, commencing on 25 March 2004 February 2005 through and including the Termination Date, subject to adjustment in accordance with Modified the Following Business Day Convention Floating Rate Payer Payment Dates: Two Business Days prior to each Floating Rate Payer Period End Date Floating Rate for initial Calculation Period: To be determined Floating Rate Option: USD-LIBOR-BBA, provided, however, that if the Floating Rate Option for any Calculation Period is greater than 9.2510.00% then the Floating Rate Option shall be deemed to be 9.2510.00% for such Calculation Period. Floating Rate Payer Payment Amount Notional Amount times the Floating Rate Day Count Fraction times (Floating Rate Option minus Cap Rate); provided, however, that no payment shall be made by Party A and the Floating Rate Payer Payment Amount shall be zero if the Floating Rate Option is less than or equal to the Cap Rate. Designated Maturity: 1 month Spread: None Floating Rate Day Count Fraction: Actual/360 Reset Dates: The first day of each Floating Rate Payer Calculation Period. Rate Cut-off Dates: Inapplicable Method of Averaging: Inapplicable Compounding: Inapplicable Compounding Dates: Inapplicable Business Days for payment: New York Calculation Agent: Greenwich Capital Markets, Inc. (as agent for Party A)
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FIXED AMOUNTS. Fixed Rate Payer: Party B Fixed Amount: Payer (Premium) USD 3,390,000, paid by Party B to Party A on the Cap Buyer): Counterparty. Fixed Rate Payer Payment Date: The Effective Date, subject to Adjustment adjustment in accordance with the Modified Following Business Day Convention. Fixed Amount: USD 225,000 payable by Counterparty to Xxxxxxx Xxxxx Capital Markets, L.P. on the Fixed Rate Payer Payment Date. Floating Amounts: 5 February 2004 Floating Rate Payer: Party A Floating Rate Payer Period End Dates(Cap Seller): GSCM Cap Rate: The 25th of As set forth on Schedule A attached hereto for each month, commencing 25 March 2004 through and including the Termination Date, subject to adjustment in accordance with Modified Following Business Day Convention Calculation Period. Floating Rate Payer Payment Dates: Two Monthly, on the day which is one (1) Business Days Day prior to each Floating Rate Payer Period End Date Floating Rate for initial Calculation Period: To be determined Date. Floating Rate Option: USD-LIBOR-BBA, ; provided, however, that if the Floating Rate determined from such Floating Rate Option for any Calculation Period is greater than 9.25or equal to 9.50% then the Floating Rate Option for such Calculation Period shall be deemed to be 9.25% for such Calculation Period9.50%. Floating Rate Payer Payment Amount Amount: Notional Amount times the Floating Rate Day Count Fraction times (Floating Rate Option minus Cap Rate); provided, however, that no payment shall be made by Party A GSCM and the Floating Rate Payer Payment Amount shall be zero if the Floating Rate Option is less than or equal to the Cap Rate. Floating Rate Designated Maturity: 1 month Spread: None Month Floating Rate Day Count Fraction: Actual/360 Reset Dates: The first day of each Floating Rate Payer Calculation Period. Floating Rate Cut-off Day Count Fraction: Actual/360 Floating Rate Period End Dates: Inapplicable Method Monthly, on the 25th day of Averaging: Inapplicable Compounding: Inapplicable Compounding each month, commencing on May 25, 2005 and ending on the Termination Date, with no adjustment to such Floating Rate Period End Dates: Inapplicable . Business Days for paymentDays: New York and Santa Ana, CA Calculation Agent: Party AGSCM
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FIXED AMOUNTS. Fixed Rate Payer: Party B Fixed Amount: (Premium) USD 3,390,000375,000.00, paid by Party B to Party A on the Fixed Rate Payer Payment Date, subject to Adjustment in accordance with the Modified Following Business Day Convention. Fixed Rate Payer Payment Date: 5 February 2004 6 January 2005 Floating Rate Payer: Party A Floating Rate Payer Period End Dates: The 25th of each month, commencing on 25 March 2004 February 2005 through and including the Termination Date, subject to adjustment in accordance with Modified the Following Business Day Convention Floating Rate Payer Payment Dates: Two Business Days prior to each Floating Rate Payer Period End Date Floating Rate for initial Calculation Period: To be determined Floating Rate Option: USD-LIBOR-BBA, provided, however, that if the Floating Rate Option for any Calculation Period is greater than 9.2510.00% then the Floating Rate Option shall be deemed to be 9.2510.00% for such Calculation Period. Floating Rate Payer Payment Amount Notional Amount times the Floating Rate Day Count Fraction times (Floating Rate Option minus Cap Rate); provided, however, that no payment shall be made by Party A and the Floating Rate Payer Payment Amount shall be zero if the Floating Rate Option is less than or equal to the Cap Rate. Designated Maturity: 1 month Spread: None Floating Rate Day Count Fraction: Actual/360 Reset Dates: The first day of each Floating Rate Payer Calculation Period. Rate Cut-off Dates: Inapplicable Method of Averaging: Inapplicable Compounding: Inapplicable Compounding Dates: Inapplicable Business Days for payment: New York Calculation Agent: Greenwich Capital Markets, Inc. (as agent for Party A)
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