Swap Documents. (a) On the Closing Date, the Trustee, not in its individual capacity but solely in its capacity as Trustee on behalf of the Trust, is hereby directed to enter into the following agreements, including, without limiting the generality of the foregoing, the Schedule to the related ISDA Master Agreement and the other Swap Documents with the Swap Counterparty.
(b) On the second Business Day prior to each Distribution Date, based on the reports provided by the Master Servicer pursuant to Section 4.02(b) or on information that the Trustee obtains from the Swap Counterparty pursuant to Section 4.01(k) or the Swap Documents, and subject to the priorities set forth in Sections 4.01(a) and 4.01(b) hereof, the Trustee shall calculate the net payment, if any, due to the Swap Counterparty or payable to the Trustee by the Swap Counterparty under the Swap Documents, based upon the projected payment that will be payable on the Class A-2F Regular Interest pursuant to the priorities set forth in Section 4.01(b) and the Pass-Through Rate of the Class A-2F Regular Interest and the Class A-2F Certificates and the amount of any Prepayment Premium payable on the Class A-2F Regular Interest. By 5:00 p.m. (New York time) on each Master Servicer Remittance Date, the Trustee shall remit the Net Swap Payment, if any, to the Swap Counterparty from the Floating Rate Account. Such payment shall be deemed a distribution in respect of the Class A-2F Regular Interest pursuant to Section 4.01(b), and of corresponding amounts in respect of the REMIC I Regular Interests LA-2FC and LA-2FP, as the case may be, pursuant to Section 4.01(a)(ii) for such Distribution Date.
(c) The Trustee shall be deemed to deposit the amount distributed in respect of the Class A-2F Regular Interest pursuant to Section 4.01(b) and, promptly upon receipt of any payment or other receipt in respect of the Swap Documents, the Trustee shall deposit the same into the Floating Rate Account.
(d) The Trustee shall at all times enforce, in a commercially reasonable manner, the Trust Fund's rights under the Swap Documents, including without limitation, if a Rating Agency Trigger Event occurs and is continuing, the Trustee will enforce the Trust Fund's rights with respect to the Swap Counterparty's obligations under the Swap Documents to, pursuant to the Swap Documents, post collateral or find (and transfer its rights and obligations under the Swap Documents to) a replacement swap counterparty that would not cause a Rating Agen...
Swap Documents. PAYMENTS TO CERTIFICATEHOLDERS AND RELATED MATTERS
Swap Documents. There shall have been delivered to the Bank a -------------- duly executed Master Agreement and W-9 form.
Swap Documents. The occurrence of an event of default by a Loan Party under any Swap Document, after the expiry of any applicable grace period thereunder.
Swap Documents. There shall have been delivered to the -------------- Bank a duly executed Master Agreement, W-9 Form, Secretary's Certificate, opinion of counsel and UCC-1 financing statements.
Swap Documents. The occurrence of a demand, event of default or other termination event under any Swap Document after the expiry of any applicable grace period thereunder.
Swap Documents. Provided that Borrower draws funds under the Term Loan, Borrower covenants and agrees that it will maintain in full force and effect that certain ISDA Master Agreement between Borrower and Lender, or its affiliate, and all swap documents, and related agreements, together with any related schedules and confirmations entered into now or in the future (being collectively referred to as the “Swap Documents”), and promptly pay and perform all of its obligations under the Swap Documents. The payment of the Term Note, the Revolving Credit Note and the payment and performance of Maker’s obligations under the Swap Documents are hereby secured by the Loan Agreement and other related security instruments and all Swap Documents are deemed to be part of the Loan Documents. A default under any of the Swap Documents shall be a default under the Term Note, the Revolving Credit Note, the Loan Agreement, and all security instruments related thereto. Notwithstanding any language contained in such documents, Maker shall not prepay the Term Note, or any indebtedness without simultaneously paying all sums due under the Swap Documents attributable or arising from such prepayment.
Swap Documents. The occurrence of an event of default or other termination event under any Swap Document with respect to obligations in excess of the Threshold Amount, in the aggregate, or any Loan Party fails to make any payment as required following a demand, an event of default or other termination event, in each case which continues for 3 Banking Days after the expiry of any applicable grace period thereunder and notice of such occurrence is given to the Borrower and to the Agent.
Swap Documents. Servicing and Administration of the AB Mortgage Loans and the Companion Loans......................................... SECTION 3.30 Performance of Borrower Credit Lease Obligations................
