Class B Swap definition

Class B Swap means an interest rate swap agreement between the Trust and the Class B Counterparty substantially in the form of Exhibit C-2 to this Indenture Supplement, or such other form as shall have satisfied the Rating Agency Condition.
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Class B Swap means an interest rate swap agreement between the Trust and the Class B Counterparty substantially in the form of Exhibit D-3 to this Indenture Supplement, or such other form as shall have satisfied the Rating Agency Condition.
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Class B Swap means any Interest Rate Swap Agreement relating to the Class B Certificates.
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Examples of Class B Swap in a sentence

  • Partial or early termination or other additional amount owed to Class A Swap CounterpartyN/Ab. Partial or early termination or other additional amount owed to Class B Swap CounterpartyN/Ac. Partial or early termination or other additional amount owed to Class C Swap CounterpartyN/Axii.

  • Partial or early termination or other additional amount owed to Class A Swap CounterpartyN/Ab. Partial or early termination or other additional amount owed to Class B Swap CounterpartyN/Ac. Partial or early termination or other additional amount owed to Class C Swap CounterpartyN/Ad. Partial or early termination or other additional amount owed to Class D Swap CounterpartyN/Axiii.

  • Given that the Class B Notes are unrated, the Class B Swap Counterparty will not be subject to any rating triggers.

  • If the floating rate payable by the Class A Swap Counterparty or the Class B Swap Counterparty under an interest rate swap is less than the fixed rate payable by the Issuer, the Issuer will be obliged to make payments to the relevant Swap Counterparty.

  • The Issuer has been advised that the contractual rights of the Class A Swap Counterparty and the Class B Swap Counterparty respectively under English law are not secured by an English law but a Belgian law governed security interest and there is no certainty that the Belgian law governed Pledge Agreement would be recognised under English law or any other law.

  • The Issuer has limited resources available to meet its obligations The ability of the Issuer to meet its obligations in full to pay principal and interest on the Notes will be dependent on the receipt by it of (i) funds under the Loans, (ii) payments under the Class A Swap Agreement and the Class B Swap Agreement and(iii) interest in respect of the balance standing to the credit of the Issuer Accounts.

  • To the extent not paid by a replacement Class A Swap Counterparty or Class B Swap Counterparty, any termination payment will be paid by the Issuer from funds available for such purpose, and payments on the Notes may be reduced or delayed unless such termination payment arises as a result of a default by the Class A Swap Counterparty or Class B Swap Counterparty, as the case may be, and constitutes a Class A Subordinated Swap Amount or a Class B Subordinated Swap Amount, as the case may be.

  • There is a need for union (UK through to global), national (England, Scotland, Wales, Northern Ireland), shire and local levels of democratic decision-making, because the varying nature of issues means that not all issues can be dealt with at one single level.

  • If the Class A Swap Counterparty and/or the Class B Swap Counterparty, as the case may be, fails to make a termination payment owed to the Issuer, the Issuer may not be able to enter into a replacement Class A Swap Agreement and/or Class B Swap Agreement.

  • The amounts payable to the Class A Swap Counterparty and the Class B Swap Counterparty are ranked higher in priority than payments on the Class A Notes and Class B Notes respectively, except on Quarterly Payment Dates when such amount will rank pari passu with interest payable on Class A Notes and Class B Notes respectively.


More Definitions of Class B Swap

Class B Swap means an interest rate swap agreement between the Trust and the Class B Counterparty substantially in the form of EXHIBIT E-2 to this Indenture Supplement, or such other form as shall have satisfied the Rating Agency Condition.
Sample 1
Class B Swap means the swap agreement entered into between the Issuer and the Swap Counterparty with respect to the Class B Notes in order to hedge the fixed-floating rate exposure arising from Fixed Interest Payments and Interest Payments being calculated at a fixed interest rate while Class B Coupon Payments are calculated at six-month EURIBOR plus a margin.
Sample 1
Class B Swap means an interest rate swap agreement with respect to the Class B Notes between the Issuer and the Class B Counterparty substantially in the form of Exhibit B-2 to this Issuance Supplement, or such other form as shall have satisfied the Rating Agency Condition.
Sample 1

Related to Class B Swap

  • Class C Class D," "Class E," "Class F," "Class G," "Class H," "Class J," "Class K," "Class L," "Class M," "Class N," "Class O," "Class R-I," "Class R-II" and "Class R-III" respectively, on the face thereof, in substantially the form attached hereto as Exhibits.

  • Class B Class C," "Class D," "Class E," "Class F," "Class G," "Class H," "Class J," "Class K," "Class L," "Class M," "Class N," "Class O," "Class R-I," "Class R-II" and "Class R-III" respectively, on the face thereof, in substantially the form attached hereto as Exhibits.

  • Class A has the meaning set forth in Section 5.1.C.