Group I Swap Provider definition

Group I Swap Provider. The swap provider under the Group I Swap Agreement either (a) entitled to receive payments from the Derivative Administrator from amounts payable by the Trust Fund with respect to Loan Group I under this Agreement or (b) required to make payments to the Derivative Administrator for payment to the Trust Fund with respect to Loan Group I, in either case pursuant to the terms of the Group I Swap Agreement, and any successor in interest or assign. Initially, the Group I Swap Provider shall be Bear Xxxxxxx Financial Products Inc.
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Group I Swap Provider. The swap provider under the Group I Swap Agreement. Initially, the Group I Swap Provider shall be ABN AMRO Bank N.V.
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Group I Swap Provider. Barclays Bank PLC, a bank authorized and regulated by the United Kingdom's Financial Services Authority and a member of the London Stock Exchange, and its successors in interest.
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Examples of Group I Swap Provider in a sentence

  • The Depositor hereby represents and warrants, for the benefit of the Group I Swap Provider, that the Trust is a common law trust duly organized and validly existing under the laws of the state of New York.

  • All amounts earned on amounts on deposit in the Group I Swap Collateral Account (whether cash collateral or securities) shall be taxable to the Group I Swap Provider.

  • Cash collateral posted by the Group I Swap Provider in accordance with the Group I Swap Credit Support Annex shall be deposited by the Group I Supplemental Interest Trust Trustee in the Group I Swap Collateral Account.

  • Except for investment earnings, the Group I Swap Provider shall not have any legal, equitable or beneficial interest in the Group I Swap Collateral Account other than in accordance with this Agreement, the Group I Swap Agreement and applicable law.

  • In the absence of written direction from the Group I Swap Provider, the cash collateral shall be invested as specified in the definition of Permitted Investment (viii) in this Agreement.

  • Any excess amounts held in such Group I Swap Collateral Account after payment of all amounts owing to Party B under the Group I Swap Agreement shall be withdrawn from the Group I Swap Collateral Account and paid to the Group I Swap Provider in accordance with the Group I Swap Credit Support Annex.

  • In accordance with the Group I Credit Support Annex, the Group I Swap Provider shall post or cause to be posted in the Group I Swap Collateral Account additional collateral to the extent value of the collateral in the Group I Swap Collateral Account is reduced due to a loss on any amounts in the Group I Swap Collateral Account.

  • We hereby consent to the attached Forms being provided to the Group I Swap Provider.

  • The Group I Swap Provider, and each Person entitled to indemnification hereunder who is not a party hereto, shall be deemed a third-party beneficiary of this Agreement to the same extent as if it were a party hereto and shall have the right to enforce its rights under this Agreement.

  • If, on any Servicer Remittance Date, the applicable Servicer notifies the Trustee that there are no Outstanding Mortgage Loans and no other funds or assets in the Trust Fund other than the funds in the Collection Account, the Trustee shall promptly send a Notice of Final Distribution to the applicable Certificateholders and the Group I Swap Provider.


More Definitions of Group I Swap Provider

Group I Swap Provider. The swap provider under the Group I Swap Agreement either
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Group I Swap Provider. The swap provider under the Group I Swap Agreement. Initially, the Group I Swap Provider shall be The Royal Bank of Scotland plc.
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Related to Group I Swap Provider

  • Swap Provider The swap provider under the Swap Agreement either (a) entitled to receive payments from the Supplemental Interest Trust or (b) required to make payments to the Supplemental Interest Trust, in either case pursuant to the terms of the Swap Agreement, and any successor in interest or assign. Initially, the Swap Provider shall be Deutsche Bank AG New York Branch.

  • Secured Swap Provider means (i) a Lender or an Affiliate of a Lender (or a Person who was a Lender or an Affiliate of a Lender at the time of execution and delivery of a Rate Contract) who has entered into a Secured Rate Contract with Borrower, or (ii) a Person with whom Borrower has entered into a Secured Rate Contract provided or arranged by GE Capital or an Affiliate of GE Capital, and any assignee thereof.

  • Swap Providers means, collectively, the Asset Swap Providers, the Liability Swap Providers and the providers of any other swap agreements entered into in connection with the Programme;

  • Swap Counterparty means Lender or an Affiliate of Lender, in its capacity as counterparty under any Swap Contract.

  • Cap Counterparty Not applicable.

  • Eligible Swap Counterparty means an entity, which may be an affiliate of a remarketing agent, engaged in the business of entering into derivative instrument contracts that satisfies the Rating Agency Condition.

  • Fixed Swap Payment With respect to any Distribution Date, a fixed amount equal to the related amount set forth in the Interest Rate Swap Agreement.

  • Group I Senior Certificates As specified in the Preliminary Statement.

  • Currency Swap Agreement means any currency swap agreement, including all schedules and confirmations thereto, entered into by the Issuer and the Currency Swap Counterparty, as the same may be amended, supplemented, renewed, extended or replaced from time to time.

  • Credit Enhancement Provider means, with respect to any Securities, any person issuing, funding or otherwise making available, for the benefit of Securityholders or any party to a Serviced Corporate Trust Contract, an asset as an enhancement of the credit quality or liquidity of any Securities or the mortgage assets or other assets pledged for or underlying such Securities, such as a letter of credit, surety bond, insurance policy, guaranty, reserve fund pledge or collateral undertaking.

  • Cap Provider means the third-party financial institution approved by Lender that is the counterparty under any Cap Agreement or Replacement Cap Agreement.

  • Swap Provider Trigger Event A Swap Termination Payment that is triggered upon: (i) an Event of Default under the Interest Rate Swap Agreement with respect to which the Swap Provider is a Defaulting Party (as defined in the Interest Rate Swap Agreement), (ii) a Termination Event under 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) or (iii) an Additional Termination Event under the Interest Rate Swap Agreement with respect to which the Swap Provider is the sole Affected Party.

  • Derivative Counterparty means any party to any Derivative Agreement other than the Issuer or the Indenture Trustee.

  • Secured Swap Agreement means a Swap Agreement between (x) any Loan Party and (y) a Secured Swap Provider.

  • Group II Senior Certificates As specified in the Preliminary Statement.

  • Net Swap Payment With respect to each Distribution Date, the net payment required to be made pursuant to the terms of the Swap Agreement by either the Swap Provider or the Swap Administrator, which net payment shall not take into account any Swap Termination Payment.

  • Group I means Series 1997-1 and each other Series specified in the related Supplement to be included in Group I.

  • Hedge Counterparty means a Lender, the Administrative Agent or any of the Lender’s or the Administrative Agent’s affiliates (at the time a hedging agreement is entered into) who has entered into a hedging agreement for the purpose of hedging interest rate liabilities and/or any exchange rate and/or commodity price risks provided it has become a party, or by execution of an additional bank secured party acknowledgment has agreed to be bound by the terms of, to the First Lien Intercreditor Agreement in its capacity as hedge counterparty.

  • Floating Swap Payment With respect to any Distribution Date on or prior to the Distribution Date in January 2010, an amount equal to the product of (x) Swap LIBOR, (y) the Swap Agreement Notional Balance for that Distribution Date and (z) a fraction, the numerator of which is equal to the number of days in the related calculation period as provided in the Swap Agreement and the denominator of which is 360.

  • Interest Rate Swap Agreement means the agreement(s) (including any further replacement agreements) entered into between the Guarantor LP and the Interest Rate Swap Provider(s) in the form of an ISDA Master Agreement, as the same may be amended, varied, supplemented, restated or extended from time to time, including a schedule and confirmations in relation to each Tranche or Series of Covered Bonds;

  • Credit Enhancement means, with respect to this Agreement, any credit enhancement or other credit support arrangement in support of the obligations of the Company hereunder or with respect hereto, including any guarantee, collateral arrangement (including any pledge, charge, mortgage or other security interest in collateral or title transfer arrangement), trust or similar arrangement, letter of credit, transfer of margin, reimbursement obligation or any similar arrangement.

  • Class A Liquidity Provider has the meaning set forth in the Intercreditor Agreement.

  • Credit Enhancement Percentage For any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the sum of the aggregate Certificate Principal Balances of the Mezzanine Certificates and the Class CE Certificates, and the denominator of which is the aggregate Stated Principal Balance of the Mortgage Loans, calculated after taking into account distributions of principal on the Mortgage Loans and distribution of the Principal Distribution Amount to the Certificates then entitled to distributions of principal on such Distribution Date.

  • Class B Liquidity Provider has the meaning set forth in the Intercreditor Agreement.

  • Credit Enhancement Agreement means the Agreement among the Sellers, the Master Servicer, the Trustee and the Credit Enhancement Provider with respect to the Credit Enhancement.

  • Conduit Credit Enhancer shall have the meaning assigned to such term in Section 14(d).