Class M Swap definition

Class M Swap means an interest rate swap agreement between the Trust and the Class M Counterparty substantially in the form of Exhibit D-2 to this Indenture Supplement, or such other form as shall have satisfied the Rating Agency Condition.
Sample 1Sample 2Sample 3
Class M Swap means an interest rate swap agreement with respect to the Class M Notes between the Trust and the Class M Counterparty substantially in the form of Exhibit D-2 to this Indenture Supplement, or such other form as shall have satisfied the Rating Agency Condition.
Sample 1
Class M Swap means any Interest Rate Swap Agreement relating to the Class M-1 Certificates.
Sample 1Sample 2

Examples of Class M Swap in a sentence

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

  • 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 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.

  • Those electing to receive COBRA coverage (other than disabled beneficiaries) may be charged no more than 102% of the applicable premium charged to similarly situated people covered by the plan.

  • Xxxxxx Title: Managing Director and Associate Title: Vice President General Counsel Date: September 22, 2004 Date: September 22, 2004 CLASS M SWAP SCHEDULE to the Master Agreement dated as of September 22, 2004 between JPMorgan Chase Bank and World Financial Network Credit Card Master Note Trust (“JPMorgan”) (the “Counterparty”) The only Transaction that will be governed by the terms of this Agreement will be the Class M Swap (as defined in the Indenture).

Related to Class M Swap

  • Class M Notes means any one of the Notes executed by the Owner Trustee, on behalf of the Issuer, and authenticated by or on behalf of the Indenture Trustee, substantially in the form of Exhibit A-2.