Fixed Interest Distribution definition

Fixed Interest Distribution means with respect to the Class A-3-1FL Regular Interest, the payments of interest required to be made in respect of each Distribution Date, commencing in ____20__, by the Trustee to the Swap Counterparty pursuant to the Swap Contract at a rate equal to the Pass-Through Rate of the Class A-3-1FL Regular Interest on the Floating Rate Certificate Notional Amount subject to reduction in accordance with the Swap Contract.
View Source
Fixed Interest Distribution. With respect to the Class A-2F Regular Interest and any Distribution Date, the payments of interest required to be made on such Distribution Date by the Trustee to the Swap Counterparty pursuant to the Swap Documents at a fixed interest rate equal to the Pass-Through Rate of the Class A-2F Regular Interest on the Floating Rate Certificate Notional Amount.
View Source
Fixed Interest Distribution means with respect to the Class A-4FL Regular Interest, the payments of interest required to be made in respect of each Distribution Date, commencing in September 2006, by the Master Servicer on behalf of the Trustee to the Swap Counterparty pursuant to the Swap Contract at a rate equal to the Pass-Through Rate of the Class A-4FL Regular Interest on the Floating Rate Certificate Notional Amount subject to reduction in accordance with the Swap Contract.
View Source

Examples of Fixed Interest Distribution in a sentence

  • The Corporation agrees to pay each Dealer a commission or fee to the extent set forth in the QTC Offshore and Onshore Fixed Interest Distribution Group Operational Guidelines attached as Exhibit C hereto (the “Operational Guidelines”), as the Corporation may amend from time to time.

  • The Trustee and the Paying Agent will have no obligation on behalf of the Trust to pay to the Swap Counterparty any portion of the Fixed Interest Distribution unless and until the interest payment on the Class A-3-1FL Regular Interest is actually received by the Paying Agent.

  • The Trustee will have no obligation on behalf of the Trust Fund to pay to the Swap Counterparty any portion of the Fixed Interest Distribution unless and until the interest payment is deemed made on the Class A-2F Regular Interest in respect of amounts actually received by the Trustee in the Distribution Account from the Master Servicer on the Master Servicer Remittance Date or any other date.

  • Any termination payments due to the Swap Counterparty under the Swap Contract shall be payable solely from any portion of the Fixed Interest Distribution remaining after all other amounts have been paid under the Class A-4FL Regular Interest and the Class A-4FL Certificates (including all Unpaid Interest and principal amounts outstanding).

  • Any termination payments due to the Swap Counterparty under the Swap Contract shall be payable solely from any portion of the Fixed Interest Distribution remaining after all other amounts have been paid under the Class A-3-1FL Regular Interest and the Class [A-3-1FL] Certificates (including all Unpaid Interest and principal amounts outstanding).

  • Party A shall have no right to institute any proceedings for the enforcement of a lien on the assets of the Trust except to the extent of the Fixed Interest Distribution on the Class A-MFL Regular Interest or Class A-JFL Regular Interest, as applicable.

  • I certify that this report has been compiled in accordance with the “QTC Fixed Interest Distribution Group Operational Guidelines” and is a true and accurate representation of the bank’s turnover in QTC bonds for the month.

  • Notwithstanding anything to the contrary, the liability of Party B in relation to this Agreement and any Confirmation hereunder is limited to recourse solely to the Fixed Interest Distribution on each of the Class A-MFL Regular Interest or Class A-JFL Regular Interest, as applicable, in accordance with Section 8.31(b) of the Pooling and Servicing Agreement.

  • Any termination payments due to the Swap Counterparty under the Swap Contract shall be payable solely from any portion of the Fixed Interest Distribution remaining after all other amounts have been paid under the Class A-2 Regular Interest and the Class A-2 Certificates (including all Unpaid Interest and principal amounts outstanding).

  • Any termination payments due to the Swap Counterparty under the Swap Contract shall be payable solely from any portion of the Fixed Interest Distribution remaining after all other amounts have been paid under the Class A-3-1FL Regular Interest and the Class A-3-1FL Certificates (including all Unpaid Interest and principal amounts outstanding).