Group II Swap Termination Payment definition

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

  • 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).

  • Warm Zone Areas include:• Staging Areas;• Decontamination Areas; and• Restricted zones buffering Hot Zone locations.Warm Zone Areas will have restricted access and entry may be limited to:• Personnel involved in Operations activities;• Personnel providing support to Operations activities; and• Professional services to support the response.Cold Zone‌The Cold Zone is all areas external to the Warm and Hot Zones.

  • In addition, the Securities Administrator shall remit to the Swap Administrator for payment to the Group II Swap Provider any Group II Swap Termination Payment (which shall include any Group II Net Swap Payment payable to the Group II Swap Provider) payable under Section 11.02.

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

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

Related to Group II 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.

  • 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).

  • 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).