Group II Swap Provider definition

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.
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Group II Swap Provider. The swap provider under the Group II Swap Agreement. Initially, the Group II Swap Provider shall be ABN AMRO Bank N.V.
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Group II Swap Provider. The swap provider under the Group II Swap Agreement.
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Examples of Group II Swap Provider in a sentence

  • In addition, the Swap Administrator shall remit to the Group II Swap Provider any Group II Swap Optional Termination Payment paid as part of the Group II Mortgage Loan Purchase Price and remitted to the Group II Supplemental Interest Trust pursuant to Section 10.01.

  • The Group II Swap Provider shall, no later than 2:00 pm on the following Business Day, notify in writing (which may be done in electronic format) the Trustee of the amount of the Group II Estimated Swap Termination Payment; the Trustee shall promptly on the same day notify the Majority Class II-CE Certificateholder or the Master Servicer, as applicable, of the amount of the Group II Estimated Swap Termination Payment.

  • 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).

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

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

  • 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).

  • 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 Interest Rate Swap Agreement will be subordinated to distributions to the Holders of the Class II-A, Class II-M and Class II-B Certificates and shall be paid as set forth under Section 6.04(b)(3).

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

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

  • 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.


More Definitions of Group II Swap Provider

Group II 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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Group II Swap Provider. Credit Suisse First Boston International, or any successor under the Group II Swap Agreement.
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Group II Swap Provider. The swap provider under the Swap Agreement. Initially, the Swap Provider shall be ABN AMRO Bank N.V. Group II Trigger Event: a Group II Trigger Event with respect to the Group II Certificates will occur for any Distribution Date if either (i) the Rolling Three Month Delinquency Rate as of the last day of the related Due Period equals or exceeds 40.00% of the Senior Enhancement Percentage for such Distribution Date or (ii) the cumulative Realized Losses as a percentage of the original Aggregate Loan Balance of the Group II Mortgage Loans on the Closing Date for such Distribution Date is greater than the percentage set forth in the following table: February 2009 - January 2010 0.25%* February 2010 - January 2011 0.65%* February 2011 - January 2012 1.10%* February 2012 - January 2013 1.60%* February 2013 and thereafter 1.90% *The cumulative loss percentages set forth above are applicable to the first distribution date in the corresponding range of distribution dates. The cumulative loss percentage for each succeeding distribution date in a range increases incrementally by 1/12 of the positive difference between the percentage applicable to the first distribution date in that range and the percentage applicable to the first distribution date in the succeeding range.
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Related to Group II Swap Provider

  • Swap Provider means any Person that, at the time it enters into a Swap Agreement is a Lender or an Affiliate of a Lender, in its capacity as a party to such Swap Agreement.

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

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

  • 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;

  • 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 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.