Class C Swap definition

Class C Swap means an interest rate swap agreement with respect to the Class C Notes between the Trust and the Class C Counterparty substantially in the form of Exhibit C-3 to this Indenture Supplement, or such other form as shall have satisfied the Rating Agency Condition.
Sample 1Sample 2Sample 3
Class C Swap means, an interest rate swap agreement, with respect to the Class C Notes between the Trust and the Class C Counterparty substantially in the form of Exhibit D-4 to this Indenture Supplement, or other form as shall have satisfied the Rating Agency Condition.
Sample 1Sample 2
Class C Swap means an interest rate swap agreement with respect to the Class C Notes between the Trust and the Class C Counterparty substantially in the form of EXHIBIT E-3 to this Indenture Supplement, or such other form as shall have satisfied the Rating Agency Condition.]
Sample 1

Examples of Class C Swap in a sentence

  • Partial or early termination or other additional amount owed to Class C Swap Counterparty N/A xii.

  • The aggregate notional amount under the Class C Swap shall, at any time, be equal to the Class C Note Principal Balance.

  • Partial or early termination or other additional amount owed to Class C Swap Counterparty 0.00 xii.

  • Reference to “Transactions” or “Transaction” shall be deemed to be reference to the Class C Swap.

  • The only Transaction that will be governed by the terms of this Agreement will be the Class C Swap (as defined in the Indenture Supplement) as documented in the Confirmation, dated as of the date hereof.

  • In the event that any Counterparty is required to post collateral pursuant to the Class A Swap, Class B Swap or Class C Swap, the Issuer shall establish a Swap Collateral Account, which shall be an Eligible Deposit Account.

  • In the event that any Counterparty is required to post collateral pursuant to the Class A Swap or Class C Swap, the Issuer shall establish a Swap Collateral Account, which shall be an Eligible Deposit Account.

  • The Servicer may, upon satisfaction of the Rating Agency Condition, and, when required under the terms of the existing Class A Swap, Class M Swap, Class B Swap or Class C Swap, shall obtain a replacement Class A Swap, Class M Swap, Class B Swap or Class C Swap, as applicable.

  • 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.

  • Class A Swap Rate5.11%(j) Class B Noteholder Rate ((g) + .67)4.27%(k) Class B Swap Rate5.54%(l) Current Collateral Noteholder Rate ((g) + 1.55)4.86237%(m) Class C Swap Rate6.47%(n) Servicing Fee Percentage2.00% I.


More Definitions of Class C Swap

Class C Swap means the swap agreement entered into between the Issuer and the Swap Counterparty with respect to the Class C Notes in order to hedge the fixed-floating rate exposure arising from Interest Payments being calculated at a fixed interest rate while Class C Coupon Payments are calculated at six-month EURIBOR plus a margin.
Sample 1

Related to Class C 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 P," "Class R-I," "Class R-II" and "Class R-III" respectively, on the face thereof, in substantially the form attached hereto as Exhibits.

  • Class H designation on the face thereof, substantially in the form of Exhibit A-4 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

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

  • Class C Shares means the shares of Class C common stock of the Company.

  • Class S designation on the face thereof, substantially in the form of Exhibit A-5 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

  • 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 Noteholders’ Distribution Amount means, for any distribution date, the sum of the Class A Noteholders’ Interest Distribution Amount and the Class A Noteholders’ Principal Distribution Amount for that distribution date.

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

  • Class A-1 Note Balance means, at any time, the Initial Class A-1 Note Balance reduced by all payments of principal made prior to such time on the Class A-1 Notes.

  • Class C Noteholders means the holders of any Class C Notes from time to time.

  • Class A Noteholders’ Principal Distribution Amount means, for any distribution date, the Principal Distribution Amount times the Class A Percentage for that distribution date, plus any Class A Note Principal Shortfall as of the close of business on the preceding distribution date; provided that the Class A Noteholders’ Principal Distribution Amount will not exceed the outstanding principal balance of the class A notes, less all amounts, other than investment earnings, on deposit in the accumulation account.In addition, on the maturity date for any class of class A notes, the principal required to be distributed to the related noteholders will include the amount required to reduce the outstanding principal balance of that class to zero.

  • Class A-1 Noteholders Interest Carryover Shortfall” means, with respect to any Payment Date, the excess of the Class A-1 Noteholders’ Monthly Accrued Interest for the preceding Payment Date and any outstanding Class A-1 Noteholders’ Interest Carryover Shortfall on such preceding Payment Date, over the amount in respect of interest that is actually paid to Holders of Class A-1 Notes on such preceding Payment Date, plus interest on the amount of interest due but not paid to Holders of Class A-1 Notes on the preceding Payment Date, to the extent permitted by law, at the Class A-1 Interest Rate for the related Interest Period.

  • Class B Noteholders’ Distribution Amount means, for any distribution date, the sum of the Class B Noteholders’ Interest Distribution Amount and the Class B Noteholders’ Principal Distribution Amount for that distribution date.

  • Class D Noteholders means the holders of any Class D Notes from time to time.

  • Class D Certificates “Class E Certificates,” “Class F Certificates,” “Class G Certificates,” “Class H Certificates,” “Class V Certificates” and “Class R Certificates” mean, in each such case, the Certificates designated as “Class A-1,” “Class A-2,” “Class A-SB,” “Class A-3,” “Class A-4,” “Class A-5,” “Class A-S,” “Class X-A,” “Class X-B,” “Class X-C,” “Class B,” “Class PST,” “Class C,” “Class D,” “Class E,” “Class F,” “Class G,” “Class H,” “Class V” and “Class R,” respectively, on the face thereof, in substantially the forms attached hereto as Exhibits A-1 to A-20.

  • Class D Note Balance means, at any time, the Initial Class D Note Balance reduced by all payments of principal made prior to such time on the Class D Notes.

  • Class A Notes means the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes.

  • Class A-1 Noteholder means the Person in whose name a Class A-1 Note is registered on the Note Register.

  • Class A Note Balance means, at any time, the sum of the Class A-1 Note Balance, the Class A-2 Note Balance and the Class A-3 Note Balance at such time.

  • Class B Noteholders’ Principal Distribution Amount means, for any distribution date, the Principal Distribution Amount times the Class B Percentage for that distribution date, plus any Class B Note Principal Shortfall as of the close of business on the preceding distribution date; provided that the Class B Noteholders’ Principal Distribution Amount will not exceed the principal balance of the class B notes.In addition, on the class B maturity date, the principal required to be distributed to the class B noteholders will include the amount required to reduce the outstanding principal balance of the class B notes to zero.

  • Class D Notes has the meaning assigned to such term in the Indenture.

  • Class P designation on the face thereof, substantially in the form of Exhibit A-5 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.