Group II Swap Agreement definition

Group II Swap Agreement. The interest rate swap agreement between the Group II Swap Provider and the Group II Supplemental Interest Trust Trustee, which agreement provides for Group II Net Swap Payments and Group II Swap Termination Payments to be paid, as provided therein, together with any schedules, confirmations or other agreements relating thereto, attached hereto as Exhibit N.
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Group II Swap Agreement. The 1992 ISDA Master Agreement (Multicurrency-Cross Border) dated as of July 29, 2005 (together with the schedule thereto, the Master Agreement) between Credit Suisse First Boston International and the Trustee, an ISDA Credit Support Annex (Bilateral Form-New York Law) as of the same date, which supplements, forms part of, and is subject to the Master Agreement, and a confirmation of the same date, which supplements and forms part of the Master Agreement, reference #9223599.
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Group II Swap Agreement. The interest rate swap agreement between the Group II Swap Provider and the Group II Supplemental Interest Trust Trustee, which agreement provides for Group II Net Swap Payments and Group II Swap Termination Payments to be paid, as provided therein, together with any schedules, confirmations or other agreements relating thereto, attached hereto as Exhibit N. Group II Swap Provider: The swap provider under the Group II Swap Agreement either (a) entitled to receive payments from the Derivative Administrator from amounts payable by the Trust Fund with respect to Loan Group II under this Agreement or (b) required to make payments to the Derivative Administrator for payment to the Trust Fund with respect to Loan Group II, in either case pursuant to the terms of the Group II Swap Agreement, and any successor in interest or assign. Initially, the Group II Swap Provider shall be Bear Xxxxxxx Financial Products Inc.
Sample 1

Examples of Group II Swap Agreement in a sentence

  • In performing its duties hereunder and under the Group II Swap Agreement and the rights in respect of the Swap Administration Agreement that relate to Loan Group II, the Group II Supplemental Interest Trust Trustee shall be entitled to the same rights, protections and indemnities as provided to the Trustee hereunder.

  • The Group II Supplemental Interest Trust shall hold the Group II Swap Agreement, the rights in respect of the Swap Administration Agreement that relate to Loan Group II, the Group II Swap Account and REMIC X Regular Interest IO.

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

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

  • The occurrence of an Early Termination Date (as defined in the Group II Swap Agreement) under the Group II Swap Agreement.

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

  • The occurrence of a Group II Early Termination Date (as defined in the Group II Swap Agreement) under the Group II Swap Agreement.

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

  • Upon the occurrence of an Event of Default, a Termination Event, or an Additional Termination Event (each as defined in the Group II Swap Agreement), amounts in the Group II Swap Collateral Account shall be withdrawn by the Group II Swap Custodian and applied to the payment of any termination payment due to Party B (as defined in the Group II Swap Agreement) in accordance with the Group II Swap Credit Support Annex.

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More Definitions of Group II Swap Agreement

Group II Swap Agreement. The interest rate swap agreement, dated as of January 31, 2007, between the Supplemental Interest Trust Trustee and the Swap Provider, including any schedule, confirmations, credit support annex or other credit support document relating thereto, and attached hereto as Exhibit P. Group II Swap Credit Support Annex: The credit support annex, dated as of January 31, 2007, between the Supplemental Interest Trust Trustee and the Swap Provider, which is annexed to and forms part of the Swap Agreement.
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Related to Group II Swap Agreement

  • Swap Agreement means any agreement with respect to any swap, forward, future or derivative transaction or option or similar agreement involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic, financial or pricing risk or value or any similar transaction or any combination of these transactions; provided that no phantom stock or similar plan providing for payments only on account of services provided by current or former directors, officers, employees or consultants of the Borrower or the Subsidiaries shall be a Swap Agreement.

  • Swap Agreements means, collectively, each Asset Swap Agreement, Liability Swap Agreement and any other swap agreement that may be entered into in connection with the Programme;

  • 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 II Stepdown Date The later to occur of (i) the Distribution Date in [Month/Year] or (ii) the first Distribution Date on which (A) the Group II Class A Certificate Principal Balance (reduced by the Group II Principal Funds with respect to such Distribution Date) is less than or equal to (B) ___% of the Stated Principal Balances of the Group II Mortgage Loans plus the Pre-Funded Amount allocable to Loan Group II, in each case, as of such Distribution Date.

  • Swap Contract means (a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master Agreement, or any other master agreement (any such master agreement, together with any related schedules, a “Master Agreement”), including any such obligations or liabilities under any Master Agreement.

  • Group I Stepdown Date The earlier to occur of, (I) the first Distribution Date following the Distribution Date for which the Certificate Principal Balance for each of the Class I-A Certificates has been reduced to zero, and (II) the later to occur of (a) the Distribution Date in September 2009 and (b) the first Distribution Date on which the Group I Current Specified Enhancement Percentage is greater than or equal to 49.40%.