Examples of Certificate Swap Provider in a sentence
In the event that the Certificate Swap Agreement is terminated prior to the Termination Date (as defined in the Certificate Swap Agreement), the Trustee on behalf of the Supplemental Interest Trust, at the direction of the Depositor, shall use reasonable efforts to appoint a successor swap provider using any Swap Termination Payments paid by the Certificate Swap Provider.
To the extent the Supplemental Interest Trust is required to pay a Swap Termination Payment to the Certificate Swap Provider, all or a portion of such amount received from a replacement swap provider upon entering into a replacement interest rate swap agreement or similar agreement will be applied to the Swap Termination Payment owing to the Certificate Swap Provider, and any remaining portion will be distributed to Certificateholders according to the order of priorities of Section 4.1(a)(vii) above.
Funds posted by the Certificate Swap Provider (or its credit support provider) in the Collateral Account shall be invested in Eligible Investments as directed by the Derivative Counterparty (or its credit support provider), and in the absence of direction, shall remain uninvested.
In the event that the Group I Certificate Swap Agreement is terminated prior to the Termination Date (as defined in the Group I Certificate Swap Agreement), the Trustee on behalf of the Supplemental Interest Trust, at the direction of the Depositor, shall use reasonable efforts to appoint a successor swap provider acceptable to the Group I Senior Certificate Insurer using any Swap Termination Payments paid by the Group I Certificate Swap Provider.
The report to be delivered at least four Business Days prior to each Distribution Date by the Certificate Swap Provider to the Securities Administrator containing the amount of any Net Swap Payment payable by the Supplemental Interest Trust or the Certificate Swap Provider to the other party, as the case may be, with respect to the Certificate Swap Agreement for that Distribution Date.
To the extent the Supplemental Interest Trust is required to pay a Swap Termination Payment to the Certificate Swap Provider, all or a portion of such amount received from a replacement swap provider upon entering into a replacement interest rate swap agreement or similar agreement will be applied to the Swap Termination Payment owing to the Certificate Swap Provider, and any remaining portion will be distributed to Certificateholders according to the order of priorities of Section 4.1(a)(vi) above.
The report to be delivered at least four Business Days prior to each Distribution Date by the Group I Certificate Swap Provider to the Securities Administrator and the Group I Senior Certificate Insurer containing the amount of any related Net Swap Payment payable by the Supplemental Interest Trust or the Group I Certificate Swap Provider to the other party, as the case may be, with respect to the Group I Certificate Swap Agreement for that Distribution Date.
For any Distribution Date, the excess, if any, of (x) the Securities Administrator Certificate Swap Payment over (y) the Certificate Swap Provider Payment.
The report to be delivered at least four Business Days prior to each Distribution Date by the Group II Certificate Swap Provider to the Securities Administrator containing the amount of any related Net Swap Payment payable by the Supplemental Interest Trust or the Group II Certificate Swap Provider to the other party, as the case may be, with respect to the Group II Certificate Swap Agreement for that Distribution Date.
In the event that the Group II Certificate Swap Agreement is terminated prior to the Termination Date (as defined in the Group II Certificate Swap Agreement), the Securities Administrator on behalf of the Supplemental Interest Trust, at the direction of the Depositor, shall use reasonable efforts to appoint a successor swap provider using any Swap Termination Payments paid by the Group II Certificate Swap Provider.