Net Swap Receipts definition

Net Swap Receipts means, for the Interest Rate Swap Agreement, the net amounts owed by the Swap Counterparty to the Issuer, if any, on any Swap Payment Date, excluding any Swap Termination Payments.]

Net Swap Receipts means, for any Payment Date, collectively, the Class A Net Swap Receipt, the Class B Net Swap Receipt and the Class C Net Swap Receipt for such Payment Date.

Net Swap Receipts means, with respect to any Distribution Date, the net amount owed by the Swap Counterparty to the Trust, if any, on such Distribution Date pursuant to the Swap Agreement, excluding any Swap Termination Payment Amount.]

Examples of Net Swap Receipts in a sentence

• On any Distribution Date, Swap Termination Payments, Net Swap Payments owed to the Swap Provider and Net Swap Receipts for that Distribution Date will be deposited into the Swap Account.

• Net Swap Receipts shall be deposited by the Indenture Trustee into the Collection Account on the day received and shall constitute part of the Total Distribution Amount.

• On any Distribution Date, Swap Termination Payments, Net Swap Payments owed to the Swap Provider and Net Swap Receipts for that Distribution Date will be deposited into the Supplemental Interest Trust.

• The Trustee shall deposit such Net Swap Receipts, if any, into the Finance Charge Account and shall apply such amounts as Class A Available Funds pursuant to subsection 4.09(a).

• On the Business Day immediately preceding each Distribution Date, Swap Termination Payments (including, without duplication, Replacement Swap Provider Payments), Net Swap Payments owed to the Swap Provider, Net Swap Receipts and, without duplication, amounts distributable on the Class IO Interest for that Distribution Date will be deposited into the Swap Account.

More Definitions of Net Swap Receipts

Net Swap Receipts or “Net Swap Receipt” means the Class A-4b Net Swap Receipt.]

Net Swap Receipts means for any Swap Agreement, the net amounts owed by a Swap Counterparty to the Issuer, if any, on any Payment Date, excluding any Swap Termination Payments. For further clarity, this term does not include any amounts transferred as collateral.

Net Swap Receipts means, for each Interest Rate Swap Agreement, the net amounts owed by the Swap Counterparty to the Issuing Entity, if any, on any Payment Date under such Interest Rate Swap Agreement, excluding any Swap Termination Payments.] “NILT, Inc.” means NILT, Inc., a Delaware corporation.

Net Swap Receipts means, collectively, the Class A Net Swap Receipt, the Class M Net Swap Receipt, the Class B Net Swap Receipt and the Class C Net Swap Receipt for such Distribution Date.

Net Swap Receipts. With respect to each Payment Date, the excess, if any, of (a) the monthly payments by the Swap Counterparty to the Seller under the Swap Documents and any interest accrued thereon over (b) the monthly payments by the Seller to the Swap Counterparty under the Swap Documents and any interest accrued thereon.

Net Swap Receipts means, for any interest rate swap transaction, the net amounts owed by the related swap counterparty to the issuer, if any, on any payment date, excluding Swap Termination Payments under that interest rate swap transaction.

Net Swap Receipts or "Net Swap Receipt" means the Class A-3 Net Swap Receipt, the Class A-4 Net Swap Receipt, the Class B Net Swap Receipt and/or the Class C Net Swap Receipt.