Common use of Fixed Rate Payer Clause in Contracts

Fixed Rate Payer. Counterparty Fixed Amount: To be determined in accordance with the following formula: 250 * Fixed Rate * Calculation Amount * Fixed Rate Day Count Fraction Fixed Rate: Fixed Rate Day Count Fraction: 5.000 per cent per annum 30/360 Fixed Rate Payer Payment Dates: 25 January, 25 February, 25 March, 25 April, 25 May, 25 June, 25 July, 25 August, 25 September, 25 October, 25 November and 25 December, in each year, from and including 25 April 2006, up to and including the Termination Date, subject to adjustment in accordance with the Business Day Convention specified immediately below and there shall be No Adjustment to the Calculation Period Business Day Convention: Modified Following Floating Amounts Floating Rate Payer: UBS AG Floating Amount: To be determined in accordance with the following formula: 250 * Floating Rate Option * Calculation Amount * Floating Rate Day Count Fraction Floating Rate Option: USD-LIBOR-BBA Designated Maturity: 1 month Floating Rate Day Count Fraction: Actual/360 Spread: None Floating Rate Payer Period End Dates: 25 January, 25 February, 25 March, 25 April, 25 May, 25 June, 25 July, 25 August, 25 September, 25 October, 25 November and 25 December, in each year, from and including 25 April 2006, up to and including the Termination Date, subject to adjustment in accordance with the Business Day Convention specified immediately below Floating Rate Payer Payment Dates: Early Payment shall be applicable. The Floating Rate Payer Payment Dates shall be two Business Days prior to each Floating Rate Payer Period End Date. Reset Dates: First day of each Calculation Period Business Day Convention: Following Compounding: Inapplicable Relationship Between Parties Each party will be deemed to represent to the other party on the date on which it enters into this Transaction that (in the absence of a written agreement between the parties which expressly imposes affirmative obligations to the contrary for this Transaction):

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (MASTR Asset Backed Securities Trust 2006-Wmc1), Pooling and Servicing Agreement (MASTR Asset Backed Securities Trust 2006-Wmc1), Pooling and Servicing Agreement (MASTR Asset Backed Securities Trust 2006-Wmc1)

AutoNDA by SimpleDocs

Fixed Rate Payer. Counterparty Fixed Amount: To be determined in accordance with the following formula: 250 * Fixed Rate * Calculation Amount * Fixed Rate Day Count Fraction Fixed Rate: Fixed Rate Day Count Fraction: 5.000 4.4575 per cent per annum 30/360 Fixed Rate Payer Payment Dates: 25 January, 25 February, 25 March, 25 April, 25 May, 25 June, 25 July, 25 August, 25 September, 25 October, 25 November and 25 December, in each year, from and including 25 April 2006December 2005, up to and including the Termination Date, subject to adjustment in accordance with the Business Day Convention specified immediately below and there shall be No Adjustment to the Calculation Period Business Day Convention: Modified Following Floating Amounts Floating Rate Payer: UBS AG Floating Amount: To be determined in accordance with the following formula: 250 * Floating Rate Option * Calculation Amount * Floating Rate Day Count Fraction Floating Rate Option: USD-LIBOR-BBA Designated Maturity: 1 month month, provided that in respect of the initial Calculation Period, Linear Interpolation shall apply Floating Rate Day Count Fraction: Actual/360 Spread: None Floating Rate Payer Period End Dates: 25 January, 25 February, 25 March, 25 April, 25 May, 25 June, 25 July, 25 August, 25 September, 25 October, 25 November and 25 December, in each year, from and including 25 April 2006December 2005, up to and including the Termination Date, subject to adjustment in accordance with the Business Day Convention specified immediately below Floating Rate Payer Payment Dates: Early Payment shall be applicable. The Floating Rate Payer Payment Dates shall be two Business Days prior to each Floating Rate Payer Period End Date. Reset Dates: First day of each Calculation Period Business Day Convention: Modified Following Compounding: Inapplicable Relationship Between Parties Each party will be deemed to represent to the other party on the date on which it enters into this Transaction that (in the absence of a written agreement Agreement between the parties which expressly imposes affirmative obligations to the contrary for this Transaction):

Appears in 1 contract

Samples: Distribution Instructions (MASTR Asset Backed Securities Trust 2005-Nc2)

Fixed Rate Payer. Counterparty Fixed Notional Amount: To For a Calculation Period, the amount set forth opposite that Calculation Period on Attachment I hereto Period End Dates: Monthly on the 25th of each month, commencing June 25, 2006, through and including the Termination Date; No Adjustment. Payment Dates: Monthly on the 1st Business Day prior to the Period End Dates commencing June 23, 2006 through and including May 24, 2011. Notwithstanding the provisions of Section 4.9(a) of the 2000 ISDA Definitions, the Termination Date shall not be determined in accordance with the following formulaa Payment Date hereunder. The final Payment Date shall be May 24, 2011 Business Day Convention: 250 * Fixed Rate * Calculation Amount * Fixed Rate Day Count Fraction Following Business Day: New York and Illinois Fixed Rate: 5.3573% Fixed Rate Day Count Fraction: 5.000 per cent per annum 30/360 Fixed Amount: Notwithstanding the provisions of Section 5.1(b) of the 2000 ISDA Definitions, the Fixed Amount shall be equal to the product of 100 * the Notional Amount * the Fixed Rate Payer Payment * the Fixed Rate Day Count Fraction. Floating Amounts: Floating Rate Payer: Wachovia Notional Amount: For a Calculation Period, the amount set forth opposite that Calculation Period on Attachment I hereto Period End Dates: 25 JanuaryMonthly on the 25th of each month, 25 Februarycommencing June 26, 25 March, 25 April, 25 May, 25 June, 25 July, 25 August, 25 September, 25 October, 25 November and 25 December, in each year, from and including 25 April 2006, up to through and including the Termination Date, subject to adjustment in accordance with the Following Business Day Convention specified immediately below Convention. Payment Dates: Monthly on the 1st Business Day prior to the Period End Dates commencing June 23, 2006 through and there including May 24, 2011. Notwithstanding the provisions of Section 4.9(a) of the 2000 ISDA Definitions, the Termination Date shall not be a Payment Date hereunder. The final Payment Date shall be No Adjustment to the Calculation Period May 24, 2011 Business Day Convention: Modified Following Floating Amounts Floating Rate PayerBusiness Day: UBS AG Floating Amount: To be determined in accordance with the following formula: 250 * Floating Rate Option * Calculation Amount * Floating Rate Day Count Fraction New York and Illinois Floating Rate Option: USD-LIBOR-BBA Designated Maturity: 1 month Month Spread: None Floating Rate Day Count Fraction: Actual/360 Spread: None Floating Rate Payer Period End Datesdetermined: 25 January, 25 February, 25 March, 25 April, 25 May, 25 June, 25 July, 25 August, 25 September, 25 October, 25 November and 25 December, in each year, from and including 25 April 2006, up to and including the Termination Date, subject to adjustment in accordance with the Business Day Convention specified immediately below Floating Rate Payer Payment Dates: Early Payment shall be applicable. The Floating Rate Payer Payment Dates shall be two Business Two London Banking Days prior to each Floating Rate Payer Period End Reset Date. Reset Dates: First The first day of each Calculation Period Business Day Convention: Following Period. Compounding: Inapplicable Relationship Between Parties Each party will be deemed to represent to Rounding convention: 5 decimal places per the other party on the date on which it enters into this Transaction that (in the absence of a written agreement between the parties which expressly imposes affirmative obligations to the contrary for this Transaction):ISDA Definitions.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2006-He5)

Fixed Rate Payer. Counterparty Fixed Amount: To be determined in accordance with the following formula: 250 * Fixed Rate * Calculation Amount * Fixed Rate Day Count Fraction Fixed Rate: 5.35 percent per annum Fixed Rate Day Count Fraction: 5.000 per cent per annum 30/360 Fixed Rate Payer Payment Dates: 25 January, 25 February, 25 March, 25 April, 25 May, 25 June, 25 July, 25 August, 25 September, 25 October, 25 November and 25 December, in each year, from and including 25 April July 2006, up to and including the Termination Date, subject to adjustment in accordance with the Business Day Convention specified immediately below and there shall be No Adjustment to the Calculation Period Business Day Convention: Modified Following Floating Amounts Floating Rate Payer: UBS AG Floating Amount: To be determined in accordance with the following formula: 250 * Floating Rate Option * Calculation Amount * Floating Rate Day Count Fraction Floating Rate Option: USD-LIBOR-BBA Designated Maturity: 1 month Floating Rate Day Count Fraction: Actual/360 Spread: None Floating Rate Payer Period End Dates: 25 January, 25 February, 25 March, 25 April, 25 May, 25 June, 25 July, 25 August, 25 September, 25 October, 25 November and 25 December, in each year, from and including 25 April July 2006, up to and including the Termination Date, subject to adjustment in accordance with the Business Day Convention specified immediately below Floating Rate Payer Payment Dates: Early Payment shall be applicable. The Floating Rate Payer Payment Dates shall be two Business Days prior to each Floating Rate Payer Period End Date. Reset Dates: First day of each Calculation Period Business Day Convention: Modified Following Compounding: Inapplicable Relationship Between Parties Each party will be deemed to represent to the other party on the date on which it enters into this Transaction that (in the absence of a written agreement between the parties which expressly imposes affirmative obligations to the contrary for this Transaction):

Appears in 1 contract

Samples: Pooling and Servicing Agreement (MASTR Asset Backed Securities Trust 2006-Wmc2)

AutoNDA by SimpleDocs

Fixed Rate Payer. Counterparty Fixed Amount: To be determined in accordance with the following formula: 250 * Fixed Rate * Calculation Amount * Fixed Rate Day Count Fraction Fixed Rate: 5.60 percent per annum Fixed Rate Day Count Fraction: 5.000 per cent per annum 30/360 Fixed Rate Payer Payment Dates: 25 January, 25 February, 25 March, 25 April, 25 May, 25 June, 25 July, 25 August, 25 September, 25 October, 25 November and 25 December, in each year, from and including 25 April August 2006, up to and including the Termination Date, subject to adjustment in accordance with the Business Day Convention specified immediately below and there shall be No Adjustment to the Calculation Period Business Day Convention: Modified Following Floating Amounts Floating Rate Payer: UBS AG Floating Amount: To be determined in accordance with the following formula: 250 * Floating Rate Option * Calculation Amount * Floating Rate Day Count Fraction Floating Rate Option: USD-LIBOR-BBA Designated Maturity: 1 month Floating Fixed Rate Day Count Fraction: Actual/360 Spread: None Floating Rate Payer Period End Dates: 25 January, 25 February, 25 March, 25 April, 25 May, 25 June, 25 July, 25 August, 25 September, 25 October, 25 November and 25 December, in each year, from and including 25 April August 2006, up to and including the Termination Date, subject to adjustment in accordance with the Business Day Convention specified immediately below Floating Rate Payer Payment Dates: Early Payment shall be applicable. The Floating Rate Payer Payment Dates shall be two Business Days prior to each Floating Rate Payer Period End Date. Reset Dates: First day of each Calculation Period Business Day Convention: Modified Following Compounding: Inapplicable Relationship Between Parties Each party will be deemed to represent to the other party on the date on which it enters into this Transaction that (in the absence of a written agreement Agreement between the parties which expressly imposes affirmative obligations to the contrary for this Transaction):

Appears in 1 contract

Samples: Pooling and Servicing Agreement (MASTR Asset-Backed Securities Trust 2006-Am2)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!