Class C Net Swap Payment definition
Class C Net Swap Payment means, with respect to any Payment Date, any net amount payable by the Issuer under the Class C Swap as a result of LIBOR being less than the Class C Swap Rate. For the avoidance of doubt, Class C Net Swap Payments do not include early termination payments or payment of breakage or other miscellaneous costs.
Class C Net Swap Payment means, with respect to any Distribution Date, any net amount payable by the Issuer under the Class C Swap as a result of LIBOR being less than the Class C Swap Rate. For the avoidance of doubt, Class C Net Swap Payments do not include early termination payments or payment of breakage or other miscellaneous costs.
Class C Net Swap Payment means, with respect to any Distribution Date, the sum of any Class C-1 Net Swap Payment, plus any Class C-2 Net Swap Payment.
Examples of Class C Net Swap Payment in a sentence
On any Payment Date when there shall be a Class C Net Swap Payment, the Issuer shall pay such Class C Net Swap Payment subject to the priority of payments set forth in Section 4.4(a)(v).
On any Distribution Date when there shall be a Class C Net Swap Payment, such Class C Net Swap Payment shall be paid as provided in subsection 4.4(a)(iv).
On any Distribution Date when there shall be a Class C Net Swap Payment, such Class C Net Swap Payment shall be paid as provided in SUBSECTION 4.4(a)(iv).
On any Distribution Date when there shall be a Class C Net Swap Payment, such Class C Net Swap Payment shall be paid as provided in subsection 4.4(a)(v).
More Definitions of Class C Net Swap Payment
Class C Net Swap Payment means, with respect to any Payment Date, any net amount payable by the Issuer under the Class C Swap as a result of LIBOR being less than the Class C