Residual Swap definition

Residual Swap means the portfolio credit default swap between the Issuer (as protection seller) and the Swap Counterparty (as protection buyer) having Initial Subordination Amount equal to USD 300,000,000 and dated 4 April 2007.
Sample 1Sample 2Sample 3

Examples of Residual Swap in a sentence

  • The Portfolio Manager shall, subject to the provisions of this Agreement, provide such services with the primary objective of avoiding Loss Determination Amounts for the benefit of the Noteholders and the counterparties to the Reference Swap and the Residual Swap (the “Primary Objective”).The Portfolio Manager agrees, in performing its duties hereunder, to act, in its good faith determination, for the benefit of the Noteholders.

Related to Residual Swap

  • Residual Receipts means for each calendar year, the amount by which Gross Revenue exceeds Annual Operating Expenses.

  • Class R Residual Interests The Class R-1 and Class R-2 Residual Interests (which shall be transferable only as a unit evidenced by the Class R Certificates, in accordance with the applicable provisions of Section 5.01).

  • Residual Certificates As specified in the Preliminary Statement.

  • Residual Interests As specified in the Preliminary Statement.

  • Class R-2 Residual Interest The uncertificated undivided beneficial interest in REMIC II which has been designated as the single class of “residual interest” in REMIC II pursuant to Section 2.11. The Class R-2 Residual Interest, together with the REMIC II Regular Interests, shall be deemed to be a separate series of beneficial interests in the assets of the Trust consisting of the REMIC II Assets pursuant to Section 3806(b)(2) of the Statutory Trust Statute.

  • Class R-1 Residual Interest The uncertificated undivided beneficial interest in REMIC I which has been designated as the single class of “residual interest” in REMIC I pursuant to Section 2.06.

  • Class C Certificateholder means the person in whose name a Class C Certificate is registered on the Certificate Register.

  • Class R Certificates All Certificates bearing the class designation of "Class R".

  • Residual Waste means low-level radioactive waste resulting from processing or decontamination activities that cannot be easily separated into distinct batches attributable to specific waste generators. This waste is attributable to the processor or decontamination facility, as applicable.

  • Residual Interest The sole class of "residual interests" in a REMIC within the meaning of Section 860G(a)(2) of the Code.

  • Class B Certificateholder The registered holder of a Class B Certificate.

  • REMIC III Certificateholder The Holder of any REMIC III Certificate.

  • Class X Certificates All Certificates bearing the class designation of "Class X".

  • Residual means, with respect to any Lease, any right of the lessor or its assigns, as owner of the underlying Equipment, to realize value from the related Equipment after termination of the Lease, including the right of the owner of the Equipment to receive any proceeds from the sale, re-lease, continued use or other disposition of the Equipment after the termination of the Lease.

  • Class R-X Certificate Any one of the Class R-X Certificates executed by the Trustee and authenticated and delivered by the Certificate Registrar, substantially in the form annexed hereto as Exhibit A-R-X and evidencing the ownership of the Class R-IV Interest, the Class R-V Interest and the Class R-VI Interest.

  • Residual Funding Facility means any funding arrangement with a financial institution or institutions or other lenders or purchasers under which advances are made to the Company or any Subsidiary based upon residual, subordinated or retained interests in Receivables Entities or any of their respective securities, debt instruments or other Indebtedness.