NET DERIVATIVE FEE definition
NET DERIVATIVE FEE. With respect to any Payment Date and each of Loan Group 1 and Loan Group 2, the amount equal to the excess, if any, of (a) the aggregate amount payable on that Payment Date to the Derivative Contract Counterparty in respect of the related Derivative Contracts, other than any termination payments to the Derivative Contract Counterparty as a result of a default of the Derivative Contract Counterparty, over (b) the aggregate amount payable on that Payment Date to the Issuer from the Derivative Contract Counterparty pursuant to the related Derivative Contracts.
NET DERIVATIVE FEE. With respect to any Payment Date, the amount equal to the excess, if any, of (a) the aggregate amount payable on that Payment Date to the Derivative Counterparties in respect of the Derivative Contracts over (b) the aggregate amount payable on that Payment Date to the Issuer from the Derivative Counterparties pursuant to the Derivative Contracts.
NET DERIVATIVE FEE. With respect to any Payment Date, the amount equal to the excess, if any, of (a) the aggregate amount payable on that Payment Date to the Derivative Contract Counterparty in respect of the Derivative Contracts over (b) the aggregate amount payable on that Payment Date to the Issuer from the Derivative Contract Counterparty pursuant to the Derivative Contracts.
More Definitions of NET DERIVATIVE FEE
NET DERIVATIVE FEE. With respect to any Payment Date and the Group 1 Loans and Group 2 Loans, the amount equal to the excess, if any, of (a) the aggregate amount payable on that Payment Date to the Derivative Contract Counterparty in respect of the Class 1-A and Class M Derivative Contracts, over (b) the aggregate amount payable on that Payment Date to the Issuer from the Derivative Contract Counterparty pursuant to the Class 1-A and Class M Derivative Contracts. With respect to any Payment Date and the Group 3 Loans, the amount equal to the excess, if any, of (a) the aggregate amount payable on that Payment Date to the related Derivative Contract Counterparty in respect of the Group 3 Derivative Contracts, over (b) the aggregate amount payable on that Payment Date to the Issuer from the related Derivative Contract Counterparty pursuant to the Group 3 Derivative Contracts.
NET DERIVATIVE FEE. With respect to any Payment Date, the amount equal to the excess, if any, of (a) the sum of (i) the aggregate amount payable on that Payment Date to the Derivative Contract Counterparty in respect of the Derivative Contracts, other than any Additional Derivative Contract Counterparty Payment, and (ii) any termination payments payable to the Derivative Contract Counterparty for such Payment Date other than any Additional Derivative Contract Counterparty Payment, over (b) the aggregate amount payable on that Payment Date to the Issuer from the Derivative Contract Counterparty pursuant to the Derivative Contracts.