Group I Swap Termination Payment definition

Group I Swap Termination Payment. The Swap Termination Payment payable by the Supplemental Interest Trust Trustee multiplied by the Group I Swap Percentage for such Distribution Date.
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Group I Swap Termination Payment. Upon the designation of an “Early Termination Date” as defined in the Group I Swap Agreement, the payment to be made by the Swap Administrator to the Group I Swap Provider from payments from the Trust Fund with respect to Loan Group I, or by the Group I Swap Provider to the Swap Administrator for payment to the Trust Fund with respect to Loan Group I, as applicable, pursuant to the terms of the Group I Swap Agreement.
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Group I Swap Termination Payment. Any payment payable by the Trust or the Group I Swap Provider upon termination of the Group I Interest Rate Swap Agreement as a result of an Event of Default (as defined in the Group I Interest Rate Swap Agreement) or a Termination Event (as defined in the Group I Interest Rate Swap Agreement).
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Examples of Group I Swap Termination Payment in a sentence

  • Any Group I Swap Termination Payment triggered by a Group I Swap Provider Trigger Event owed to the Group I Swap Provider pursuant to the Group I Swap Agreement will be subordinated to distributions to the Holders of the Class I-A Certificates and Class I-M Certificates and shall be paid as set forth under Section 5.04(a)(3).

  • If the Swap Administrator is required to pay a Group I Swap Termination Payment to the Group I Swap Provider in connection with such Group I Swap Early Termination, the Swap Administrator will apply any upfront payment received from the successor swap provider to pay such Group I Swap Termination Payment.

  • If the Swap Administrator receives a Group I Swap Termination Payment from the Group I Swap Provider in connection with such Group I Swap Early Termination, the Swap Administrator will apply such Group I Swap Termination Payment to any upfront payment required to appoint the successor swap provider.

  • In addition, the Securities Administrator shall remit to the Swap Administrator for payment to the Group I Swap Provider any Group I Swap Termination Payment (which shall include any Group I Net Swap Payment payable to the Group I Swap Provider) payable under Section 11.01.

  • Any Group I Swap Termination Payment triggered by a Group I Swap Provider Trigger Event owed to the Group I Swap Provider pursuant to the Group I Interest Rate Swap Agreement will be subordinated to distributions to the Holders of the Class I-A, Class I-M and Class I-B Certificates and shall be paid as set forth under Section 6.04(a)(3).

  • Any Group I Swap Termination Payment triggered by a Group I Swap Provider Trigger Event owed to the Group I Swap Provider pursuant to the Group I Swap Agreement will be subordinated to distributions to the Holders of the Class I-A Certificates and Class I-M Certificates and shall be paid as set forth under Section 5.04(a)(4).

  • To the extent the Supplemental Interest Trust is required to pay a Group I Swap Termination Payment to the Group I Swap Provider, all or a portion of such amount received from a replacement swap provider upon entering into a replacement interest rate swap agreement or similar agreement will be applied to the Group I Swap Termination Payment owing to the Group I Swap Provider.

  • In addition, the Trustee shall remit to the Derivative Administrator for payment to the Group I Swap Provider any Group I Swap Termination Payment (which shall include any Group I Net Swap Payment to the Group I Swap Provider) payable under Section 10.01.

  • For federal income tax purposes, the Securities Administrator will account for payments to each Group I Certificate as follows: each Group I Certificate will be treated as receiving their entire payment from REMIC III (regardless of any Group I Swap Termination Payment or obligation under the Group I Swap Agreement) and subsequently paying their portion of any Group I Swap Termination Payment in respect of each such Class’s obligation under the Group I Swap Agreement.

  • Notwithstanding the foregoing, in the event that the Trust receives a Group I Swap Termination Payment and a successor Group I Swap Provider cannot be obtained, then the Trustee shall deposit the Group I Swap Termination Payment into a separate non-interest bearing reserve account that constitutes a part of the Group I Supplemental Interest Account.

Related to Group I Swap 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 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.

  • 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.

  • 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).

  • 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;

  • Distribution Payment Date has the meaning set forth in paragraph 2(b) of Annex I.

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