Counterparty Termination Payment definition

Counterparty Termination Payment shall have the meaning ascribed thereto in Section 3.1(e);
Counterparty Termination Payment shall have the meaning ascribed thereto in Section 3.1(e); “Credit Support Balance” shall have the meaning ascribed thereto in the Swap Agreement;
Counterparty Termination Payment shall have the meaning ascribed thereto in the Series 2024-1 Supplement;

Examples of Counterparty Termination Payment in a sentence

  • Any amounts payable to the Trust upon any applicable early termination under the Swap Agreement (a “Counterparty Termination Payment”) shall be paid to a replacement swap counterparty by, or as directed by, the Trust as consideration for the entering into of a swap agreement in replacement of the Swap Agreement and any excess Counterparty Termination Payment shall be deposited immediately into the Accumulations Account for application pursuant to Article 4.

  • The Issuer will procure that each Hedge Counterparty Termination Payment and each Hedge Replacement Receipt is paid into a segregated sub-account within the Hedge Termination Account which is opened and maintained in respect of the related hedge transaction promptly upon receipt thereof.

  • For the avoidance of doubt, the amount of Charged Assets to be delivered pursuant to this Special Condition (II) shall be reduced by any Swap Counterparty Termination Payment in the same manner as provided for in Special Condition (I).

  • The Issuer will procure that all Currency Swap Counterparty Termination Payments (excluding Notional Adjustment Payment Amounts payable by the Currency Swap Counterparty to the Issuer), Currency Swap Replacement Receipts and amounts transferred from the Counterparty Collateral Account (to the extent Counterparty Collateral is applied against a Currency Swap Counterparty Termination Payment) are paid into the relevant Swap Agreement Termination Account promptly upon receipt thereof.

  • The Trust shall deposit or arrange for the deposit of (a) all amounts received from the Swap Counterparty under the Class A Confirmation, the Class B Confirmation and the Class C Confirmation, other than any Counterparty Termination Payment and any amounts forming the Credit Support Balance, and (b) all amounts received by the Financial Services Agent pursuant to Section 3.1(g), to the Series 2024-1 Note Liquidation Account.

  • Counterparty shall pay any remaining portion of the Counterparty Termination Payment not so satisfied directly to or as directed by ICE Trust for application as set forth in the Rules.


More Definitions of Counterparty Termination Payment

Counterparty Termination Payment means the amount (if any) due by the Issuer to the Counterparty as determined pursuant to Section 6(e) of the Swap Agreement following termination of the Swap Agreement.

Related to Counterparty Termination Payment

  • Swap Termination Payment Upon the designation of an “Early Termination Date” as defined in the Swap Agreement, the payment to be made by the Swap Administrator to the Swap Provider from payments from the Trust Fund, or by the Swap Provider to the Swap Administrator for payment to the Trust Fund, as applicable, pursuant to the terms of the Swap Agreement.

  • Termination Payment has the meaning set forth in Section 6.03.

  • Termination Payments has the meaning specified in Section 10(a).

  • Termination Payment Date means the date on which the RECIPIENT is required to repay to ECOLOGY any outstanding balance of the loan and all accrued interest.

  • Early Termination Payment is defined in Section 4.3(b) of this Agreement.

  • Lease Termination Payments means all payments received by or on behalf of any Seller with respect to a Lease with respect to any terminations, surrenders, modifications, renewals or amendments of any such Lease.

  • Estimated Swap Termination Payment means, with respect to an Early Termination Date, an amount determined by Party A in good faith and in a commercially reasonable manner as the maximum payment that could be owed by Party B to Party A in respect of such Early Termination Date pursuant to Section 6(e) of the ISDA Master Agreement, taking into account then current market conditions.

  • Swap Termination Event means any event defined as a “Swap Termination Event” in the Interest Rate Swap Agreement.

  • Defaulted Swap Termination Payment Any Swap Termination Payment required to be paid by the Trust to the Swap Provider pursuant to the Interest Rate Swap Agreement as a result of an Event of Default (as defined in the Interest Rate Swap Agreement) with respect to which the Swap Provider is the defaulting party or a Termination Event (as defined in the Interest Rate Swap Agreement) (other than Illegality or a Tax Event that is not a Tax Event Upon Merger (each as defined in the Interest Rate Swap Agreement )) with respect to which the Swap Provider is the sole Affected Party (as defined in the Interest Rate Swap Agreement).

  • Early Termination Amount means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, these Conditions or the relevant Final Terms;

  • Company Termination Fee has the meaning set forth in Section 7.3(a).

  • Servicer Termination Notice Defined in Section 6.15.

  • Special Termination Notice means the Notice of Special Termination substantially in the form of Annex VII to this Agreement.

  • Termination Amount has the meaning set forth in Section 7.02(a).

  • Termination Fee Event has the meaning ascribed thereto in Section 8.2(2).

  • Standstill Termination Date means the earlier of (i) the first anniversary of the Board Rights Termination Date and (ii) the later of (A) the third anniversary of this Agreement or (B) the first anniversary of the date on which both the Purchaser Designated Director has resigned from the Board and the Purchaser has permanently waived and renounced the Purchaser’s Board observation rights and Board designation rights in Section 1 and Section 2 of this Agreement.

  • Agreement Termination Date is defined in Section 7.4.

  • Loan Termination Date means the earliest to occur of the following: (a) November , 2009, (b) the date the Obligations are accelerated pursuant to this Agreement or the Revolving Note and (c) the date the Bank has received (i) notice in writing from the Borrower of the Borrower’s election to terminate this Agreement or the Revolving Note or (ii) indefeasible payment in full of the Obligations.

  • Early Termination Event has the meaning specified in Section 9.2.

  • Final Termination Date means the last date of the final year in which the Applicant is required to Maintain Viable Presence and as further identified in Section 2.3.E of this Agreement.

  • Company Termination Event has the meaning set forth in Section 10 hereof.

  • Facility Termination Date means the date as of which all of the following shall have occurred: (a) the Aggregate Commitments have terminated, (b) all Obligations have been paid in full (other than contingent indemnification obligations), and (c) all Letters of Credit have terminated or expired (other than Letters of Credit as to which other arrangements with respect thereto satisfactory to the Administrative Agent and the L/C Issuer shall have been made).

  • Early Termination Notice is defined in Section 4.2 of this Agreement.

  • Control Termination Event shall have the meaning given to such term or any one or more analogous terms in the Lead Securitization Servicing Agreement.

  • Swap Termination Value means, in respect of any one or more Swap Contracts, after taking into account the effect of any legally enforceable netting agreement relating to such Swap Contracts, (a) for any date on or after the date such Swap Contracts have been closed out and termination value(s) determined in accordance therewith, such termination value(s), and (b) for any date prior to the date referenced in clause (a), the amount(s) determined as the xxxx-to-market value(s) for such Swap Contracts, as determined based upon one or more mid-market or other readily available quotations provided by any recognized dealer in such Swap Contracts (which may include a Lender or any Affiliate of a Lender).

  • Separation Payment means any lump sum cash payment in excess of Earned Salary and Accrued Obligations payable to Employee under this Agreement.