Swap Early Termination definition

Swap Early Termination. The occurrence of an Early Termination Date under the Swap Agreement.

Swap Early Termination. The occurrence of an early termination under the Interest Rate Swap Agreement.

Swap Early Termination. As defined in the Swap Agreement.

Examples of Swap Early Termination in a sentence

• If the Trustee, on behalf of the Grantor Trust, receives a Swap Termination Payment from the Swap Provider in connection with such Swap Early Termination, the Trustee, on behalf of the Grantor Trust, will apply such Swap Termination Payment to any upfront payment required to appoint the successor swap provider.

• If the Trustee, on behalf of the Grantor Trust, is required to pay a Swap Termination Payment to the Swap Provider in connection with such Swap Early Termination, the Trustee, on behalf of the Grantor Trust, will apply any upfront payment received from the successor swap provider to pay such Swap Termination Payment.

• As to any Distribution Date, the amount, if any, owed by the External Trust or the Swap Counterparty upon a Swap Early Termination.

• If the Securities Administrator is required to pay a Swap Termination Payment to the Swap Provider in connection with such Swap Early Termination, the Securities Administrator will apply any upfront payment received from the successor swap provider to pay such Swap Termination Payment.

• In the event of the occurrence of a Swap Early Termination Event, notwithstanding anything to the contrary in Section 5.2 of the Standard Terms, the Notes will be deemed to have been declared to be immediately due and payable without need for any additional consents.

More Definitions of Swap Early Termination

Swap Early Termination. The occurrence of an Early Termination Date (as defined in the Group I Swap Agreement) under the Group I Swap Agreement.

Swap Early Termination. The occurrence of an Early Termination Date under the Swap Agreement. Swap Provider: JPMCB.

Swap Early Termination. The occurrence of an early termination date under the Swap Agreement. Swap LIBOR: Not applicable.

Swap Early Termination. A Termination Event under and as defined in ---------------------- the Swap Agreement. "Swap Guarantor": AMBAC Assurance Corporation. -------------- "Swap Policy": The financial guaranty insurance policy issued on ----------- September 25, 1997 by the Swap Guarantor (Policy No. SF0046BE). "Swap Termination Event": A Termination Event under and as defined in ----------------------- the Swap Agreement. "Trust": Mortgage Index Amortizing Trust 1997-1; the trust created by ----- the Trust Agreement and by the filing with the Secretary of State of the State of Delaware a Certificate of Trust of the Trust. "Trust Agreement": The trust agreement entered into between the Owner --------------- Trustee and the Depositor, dated as of September 1, 1997, as amended, supplemented or otherwise modified from time to time pursuant to the terms thereof. "Trust Estate": The meaning specified in the Granting Clause. ------------ "UCC": The Uniform Commercial Code as in effect in the State of New --- York as of the date hereof. "Uncertificated Security": The meaning specified in Section 8-102(1)(b) ----------------------- of the UCC. "Underlying Agreement": The Pooling and Servicing Agreement dated as -------------------- of September 1, 1992 as supplemented by the series supplements thereto relating to Series 1997-5, Series 1997-2, Series 1997-1 and Series 1996-4, between First USA Bank, as transferor and servicer, and The Bank of New York (Delaware), as trustee pursuant to which the CABS were originally issued. Section 1.02.

Swap Early Termination means the occurrence of an Early Termination Date (as defined in the Interest Rate Swap) which does not result in an assignment of the transaction under the Interest Rate Swap pursuant to Section 1.02(a) of the Contingent Assignment Agreement.

Swap Early Termination. The occurrence of an Early Termination Date (as defined in the Swap Agreement) under the Swap Agreement. Swap Provider: UBS AG, London Branch.

Swap Early Termination. The designation of an "Early Termination ---------------------- Date" (as defined in the Swap Agreement).)