Class A-4 Swap Agreement definition

Class A-4 Swap Agreement means an interest rate swap agreement between the Trust and the Class A-4 Counterparty substantially in the form of Exhibit G to the Sale and Servicing Agreement or such other form as shall have satisfied the Rating Agency Condition.
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Class A-4 Swap Agreement means the Original Class A-4 Swap Agreement and any replacement Swap Agreement relating to the Class A-4 Certificates entered into pursuant to Section 3.03.
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Class A-4 Swap Agreement means the Original Class A-4 Swap Agreement and any replacement Interest Rate Swap Agreement relating to the Class A-4 Transition Bonds entered into pursuant to Section 9 of this Supplement.
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Examples of Class A-4 Swap Agreement in a sentence

  • Any up-front amounts paid by such Replacement Counterparty (net of any expenses of the Certificate Issuer or the Certificate Trustee which may be reimbursable under the Class A-4 Swap Agreement) in connection with its entering into such replacement Class A-4 Swap Agreement shall be paid to the terminated Class A-4 Swap Counterparty.

  • Notwithstanding the foregoing, upon the termination of the Class A-4 Swap Agreement for any reason and for so long as there is no replacement Class A-4 Swap Agreement in effect, the Class A-4 Transition Bonds shall bear interest at the fixed rate of 6.2875 percent per annum (the "Class A-4 Gross Fixed Rate"), effective from and including the Payment Date preceding such termination (or, if the Class A-4 Swap Agreement is terminated before the initial Payment Date, from the Series Issuance Date).

  • If on the date of any such distribution, any amount is payable to the Indenture Trustee under the Class A-4 Swap Agreement, the Indenture Trustee shall (pursuant to the written instructions of the Servicer) apply all of the amount available to pay interest on the Class A-4 Notes pursuant to this clause (i) together with any amount received under the Class A-4 Swap Agreement to the payment of interest on the Class A-4 Notes.

  • The Issuer will maintain the Class A-4 Swap Agreement and will diligently enforce its rights thereunder and will not voluntarily consent to or permit any rescission of or, except as permitted by Section 11.21 hereof, consent to any amendment to or otherwise take any action under or in connection with the Class A-4 Swap Agreement which in any manner will adversely affect the rights of the Holders of the Class A-4 Notes from time to time.

  • Any amounts paid by such Replacement Counterparty in connection with its entering into such replacement Class A-4 Swap Agreement shall be paid to the terminated Class A-4 Swap Counterparty (to the extent of any termination payment paid to the Certificate Issuer by the Replacement Swap Counterparty).

  • If on the date of any such distribution, any amount is payable to the Indenture Trustee under the Class A-4 Swap Agreement, the Indenture Trustee shall apply all of the amount available to pay interest on the Class A-4 Notes pursuant to this clause (i) together with any amount received under the Class A-4 Swap Agreement to the payment of interest on the Class A-4 Notes at the Class A-4 Interest Rate.

  • At such time as the Issuer enters into a replacement Class A-4 Swap Agreement pursuant to Section 9 of this Supplement, the Class A-4 Transition Bonds shall revert to the interest rate of LIBOR plus 0.30 percent, which rate shall accrue from and including the next Payment Date following the date such replacement Class A-4 Swap Agreement becomes effective and which shall be computed on the basis of the actual number of days elapsed and a 360-day year.

  • Any shortfall in the payment of interest on the Class A-4 Notes at the Class A-4 Interest Rate due entirely to the failure of the Class A-4 Swap Counterparty to make a required payment under the Class A-4 Swap Agreement will not constitute an Event of Default under the Indenture and upon such an occurrence, the Class A-4 Noteholders will only be entitled to receive the Class A-4 Interest Distributable Amount at the Class A-4 Assumed Fixed Rate.

  • On the Distribution Date, any net amount payable by the Certificate Issuer to the Class A-4 Swap Counterparty under the Class A-4 Swap Agreement shall be paid from the Class A-4 Subaccount, and any net amount payable to the Certificate Issuer by the Class A-4 Swap Counterparty under the Class A-4 Swap Agreement shall be deposited into the Class A-4 Subaccount on the Business Day preceding the Distribution Date.

  • Class A-4 Swap Agreement The owner trust will enter into a swap agreement with a swap counterparty solely for the benefit of the Class A-4 noteholders.


More Definitions of Class A-4 Swap Agreement

Class A-4 Swap Agreement has the meaning specified in Section 1.01 of the Certificate Indenture.
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Class A-4 Swap Agreement means the ISDA Master Agreement dated as of the Closing Date between the Issuer and the Class A-4 Swap Counterparty, including the related schedule and confirmation.
Sample 1

Related to Class A-4 Swap Agreement

  • Secured Swap Agreement means a Swap Agreement between (x) any Loan Party and (y) a Secured Swap Provider.

  • Specified Swap Agreement any Swap Agreement entered into by the Borrower and any Qualified Counterparty (or any Person who was a Qualified Counterparty as of the Closing Date or as of the date such Swap Agreement was entered into) in respect of interest rates to the extent permitted under Section 7.13.

  • Currency Swap Agreement means any currency swap agreement, including all schedules and confirmations thereto, entered into by the Issuer and the Currency Swap Counterparty, as the same may be amended, supplemented, renewed, extended or replaced from time to time.

  • Interest Rate Swap Agreement means the agreement(s) (including any further replacement agreements) entered into between the Guarantor LP and the Interest Rate Swap Provider(s) in the form of an ISDA Master Agreement, as the same may be amended, varied, supplemented, restated or extended from time to time, including a schedule and confirmations in relation to each Tranche or Series of Covered Bonds;

  • Class A-4 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Swap Agreement means any agreement with respect to any swap, forward, future or derivative transaction or option or similar agreement involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic, financial or pricing risk or value or any similar transaction or any combination of these transactions; provided that no phantom stock or similar plan providing for payments only on account of services provided by current or former directors, officers, employees or consultants of the Borrower or the Subsidiaries shall be a Swap Agreement.

  • Class A-4 Pass-Through Rate With respect to any Distribution Date, a per annum rate equal to 3.6250%.

  • Class A-4 Note Interest Rate means a rate per annum equal to 2.11%.

  • Class A-4 Notes means the Class A-4 1.04% Asset Backed Notes, substantially in the form of Exhibit A.

  • Class A-3 Certificates All Certificates bearing the class designation of "Class A-3".

  • Fixed Swap Payment With respect to any Distribution Date, a fixed amount equal to the related amount set forth in the Interest Rate Swap Agreement.

  • Class A-3 Certificate Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating Agent in substantially the form set forth in Exhibit A-3 hereto.

  • Class A-2-B Notes means the Class of Auto Loan Asset Backed Notes designated as Class A-2-B Notes, issued in accordance with the Indenture.

  • Class A-3 Interest Rate means 1.49% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-3 Note Interest Rate means a rate per annum equal to %.

  • Class A-4 Certificates All Certificates bearing the class designation of "Class A-4".

  • Class A-4 Certificate Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating Agent in substantially the form set forth in Exhibit A-4 hereto.

  • Class A-3 Pass-Through Rate For any Distribution Date, a per annum rate equal to 2.8600%.

  • Class A-2B Certificates All Certificates bearing the class designation of "Class A-2B."

  • Class A-4 Note Balance means, as of any date, the Initial Class A-4 Note Balance reduced by all payments of principal made on or prior to such date on the Class A-4 Notes.

  • Class A-4 Component The Component having such designation.

  • Class A-4 Interest Distributable Amount means the amount of interest accrued during the related Interest Period (calculated on the basis of a 360 day year consisting of twelve 30 day months) on the Class A‑4 Principal Balance as of the immediately preceding Payment Date (after giving effect to payments of principal made on such immediately preceding Payment Date) at the Class A‑4 Rate or, in the case of the first Payment Date, on the Class A‑4 Initial Principal Balance.

  • Class A-V Certificate Any one of the Certificates designated as a Class A-V Certificate, including any Subclass thereof.

  • Class A-4 Monthly Interest means (i) for the initial Distribution Date, $[ ], and (ii) for any Distribution Date thereafter, one-twelfth of the product of (A) the Class A-4 Rate and (B) the outstanding principal balance of the Class A-4 Notes as of the preceding Distribution Date (after giving effect to all payments of principal made to the Holders of the Class A-4 Notes on or before such preceding Distribution Date).

  • Class A-2B Certificate Any Certificate designated as a "Class A-2B Certificate" on the face thereof, in the form of Exhibit A hereto, representing the right to distributions as set forth herein.

  • Floating Swap Payment With respect to any Distribution Date, a floating amount equal to the product of (i) Swap LIBOR, (ii) the related Base Calculation Amount (as defined in the Interest Rate Swap Agreement), (iii) 250 and (iv) a fraction, the numerator of which is the actual number of days elapsed from and including the previous Floating Rate Payer Payment Date (as defined in the Interest Rate Swap Agreement) to but excluding the current Floating Rate Payer Payment (or, for the first Floating Rate Payer Payment Date, the actual number of days elapsed from the Closing Date to but excluding the first Floating Rate Payer Payment Date), and the denominator of which is 360.