Class B Counterparty definition

Class B Counterparty means [•] or the counterparty under any interest rate [swap][cap][collar] with respect to the Class B Notes obtained pursuant to Section 4.17.]

Class B Counterparty means Bank of America, N.A. or the counterparty under any interest rate swap with respect to the Class B Notes obtained pursuant to Section 4.15.

Class B Counterparty means Barclays Bank PLC or the counterparty under any interest rate swap with respect to the Class B Notes obtained pursuant to Section 4.17.

Examples of Class B Counterparty in a sentence

• The Issuer shall cause the Class A Counterparty, the Class B Counterparty or the Class C Counterparty to deposit Net Swap Receipts payable in the Collection Account.

• Net Swap Receipts payable by the Class A Counterparty, the Class M Counterparty, the Class B Counterparty or the Class C Counterparty shall be deposited by the Indenture Trustee in the Collection Account on the day received and treated as Available Finance Charge Collections.

• Net Swap Receipts payable by the Class A Counterparty, the Class B Counterparty or the Class C Counterparty shall be deposited by the Indenture Trustee in the Collection Account on the day received and treated as Available Finance Charge Collections.

• On or prior to the Closing Date, the Issuer shall enter into a Class A Swap with the Class A Counterparty, a Class M Swap with the Class M Counterparty, the Class B Swap with the Class B Counterparty and a Class C Swap with the Class C Counterparty for the benefit of the Class A Noteholders, the Class M Noteholders, the Class B Noteholders and the Class C Noteholders, respectively.

• The Issuer shall cause the Class B Counterparty or the Class C Counterparty to deposit Net Swap Receipts payable in the Collection Account.

More Definitions of Class B Counterparty

Class B Counterparty means ABN AMRO Bank N.V. or the counterparty under any interest rate swap with respect to the Class B Notes obtained pursuant to Section 4.15.

Class B Counterparty means JPMorgan Chase Bank or the counterparty under any interest rate swap with respect to the Class B Notes obtained pursuant to Section 4.17.

Class B Counterparty means Xxxxxx Guaranty Trust Company of New York or the counterparty under any interest rate swap with respect to the Class B Notes obtained pursuant to SECTION 4.17.

Class B Counterparty means [________________] or the counterparty under any interest rate swap with respect to the Class B Notes obtained pursuant to SECTION 4.17.] "CLASS B DEFICIENCY AMOUNT" is defined in SUBSECTION 4.2(b). "CLASS B MONTHLY INTEREST" is defined in SUBSECTION 4.2(b).

Class B Counterparty means Bank of America, N.A., and any other counterparty under the Class B Swap Agreement or any successor agreement to the Class B Swap Agreement.

Class B Counterparty means AIG Financial Products Corp. or the counterparty under any interest rate swap with respect to the Class B Notes obtained pursuant to Section 4.15.

Class B Counterparty means The Royal Bank of Scotland plc (successor to ABN AMRO Bank N.V.) or the counterparty under any interest rate swap with respect to the Class B Notes obtained pursuant to Section 4.15.