Subordinated Swap Termination Payment means any Swap Termination Payment owed by the Issuer to the Swap Counterparty under an Interest Rate Swap Agreement other than a Senior Swap Termination Payment.]
Subordinated Swap Termination Payment means any payment which is subordinate to payments of principal and interest on the Notes that may be owed by the Issuer to the Swap Counterparty under the Interest Rate Swap Agreement where the Swap Counterparty is the Defaulting Party or Sole Affected Party (other than with respect to illegality or a tax event) as each such term is defined in the Interest Rate Swap Agreement.]
Subordinated Swap Termination Payment means any Swap Termination Payment owed by the Issuing Entity to the Swap Counterparty under the Interest Rate Swap Agreement other than a Senior Swap Termination Payment.
More Definitions of Subordinated Swap Termination Payment
Subordinated Swap Termination Payment means any termination payment payable by the Issuer to a Swap Counterparty where the related termination results from either (a) an "event of default" under the related Interest Rate Swap where the Swap Counterparty is the "defaulting party" or (b) a "termination event" under the related Interest Rate Swap for which the Swap Counterparty is the sole "affected party."
Subordinated Swap Termination Payment means any amount payable by the Issuer to the Swap Counterparty pursuant to Section 6(e) of the Master Agreement (other than the portion thereof representing any Unpaid Amount) as a result of the occurrence of a Non Priority Swap Termination Event;
Subordinated Swap Termination Payment means any amount payable by the Issuer to the Swap Counterparty pursuant to Section 6(e) of the ISDA Master Agreement as a result of the occurrence of a Non Priority Termination Event. For the avoidance of doubt, if a Non Priority Termination Event occurs with respect to the Swap Counterparty the amounts payable by the Issuer to the Swap Counterparty under the Swap Agreement pursuant to Section 6(e) of the Master Agreement shall constitute Subordinated Swap Termination Payments.
Subordinated Swap Termination Payment means any Swap Termination Payment owed by the Issuing Entity to the Swap Counterparty under the Interest Rate Swap Agreement on any Distribution Date relating to an early termination of a Transaction (as defined therein) under the Interest Rate Swap Agreement following a Swap Event of Default or a Swap Termination Event arising under the Interest Rate Swap Agreement where the Swap Counterparty is the "Defaulting Party" or sole "Affected Party" (other than any such termination event as a result of "Illegality" or "Tax Event") (the terms "Defaulting Party," "Affected Party," "Illegality" and "Tax Event" each has the meaning set forth in the Interest Rate Swap Agreement).
Subordinated Swap Termination Payment means any termination payment due under any Hedge Agreement resulting from the occurrence of an "Early Termination Date" under and as defined in such Hedge Agreement, where the Hedge Counterparty is the "Defaulting Party" or sole "Affected Party" (each as defined in such Hedge Agreement) other than any termination payment resulting from a "Tax Event" or "Illegality" (each as defined in such Hedge Agreement).
Subordinated Swap Termination Payment has the meaning specified in the Indenture.
Subordinated Swap Termination Payment means any Swap Termination Payment where the related termination results from either (i) an “event of default” under an Interest Rate Hedging Agreement where the Hedge Counterparty is the “defaulting party”, or (ii) a “termination event” under an Interest Rate Hedging Agreement for which the Hedge Counterparty is the sole “affected party”. “Sub-Servicers” collectively means: (a) Millennium Process Group, Inc.; and (b) NCRi Inc.; and “Sub-Servicer” means any one of them. “Sub-Servicing Agreements” collectively means: (a) the Millennium Sub-Servicing Agreement; and (b) the NCRi Sub-Servicing Agreement. “Sub-Servicing Fees” means all amounts owing to the Sub-Servicers by the Servicer pursuant to: (a) section 4.1 of the Millennium Sub-Servicing Agreement; and (b) section 3 of the NCRi Sub-Servicing Agreement. “Subsidiary” means, with respect to any Person, any corporation, partnership, limited liability company, association, or other business entity of which more than fifty percent (50%) of the total voting power of shares of stock or other ownership interests entitled (without regard to the occurrence of any contingency) to vote in the election of the Person or Persons (whether directors, managers, trustees or other Persons performing similar functions) having the power to direct or cause the direction of the management and policies thereof is at the time owned or controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or a combination thereof; provided, in determining the percentage of ownership interests of any Person controlled by another Person, no ownership interest in the nature of a “qualifying share” of the former Person shall be deemed to be outstanding. “Successor Servicer” means any Person who enters into an agreement in form and substance satisfactory to the Directing Agent in respect of the servicing or backup servicing, as the case may be, of the Eligible Loan Assets in replacement of the Servicer following a Servicer Termination Event. “Successor Servicer Fees” means the fees owing to any Successor Servicer, provided that such fees shall not be in excess of the Servicing Costs Cap. “Swap Termination Payment” means an early termination payment payable under the Interest Rate Hedge Agreement as a result of an event of default or early termination event thereunder. “Syndication Agent” as defined in the preamble hereto.