Swap Fee means, with respect to any Payment Date, the product of (a) 0.15%, times (b) the current Notional Amount for the relevant Calculation Period, times (c) the actual number of days from and including the preceding Payment Date to, but excluding, such Payment Date, divided by 360.
Examples of Swap Fee in a sentence
If you make a Service Request for a Swap but the Device claimed to be the Registered Device is not the Registered Device, your Service Request may be rejected or you may be required to pay the Replacement Fee instead of the Swap Fee.
More Definitions of Swap Fee
Swap Fee. The 0.15115% per annum fee payable under the Semi-Annual Loan Swap Agreement.
Swap Fee means the fee set out in the table in paragraph 8.13.4.2, based on the Tier of your Registered Device.
Swap Fee means, with respect to each Quarterly Payment Date while the Swap Agreement is in effect, a fee equal to 0.04% per annum on the outstanding principal balance for each Class of Notes on the day immediately preceding that Quarterly Payment Date.
Swap Fee. With respect to any Distribution Date and each Swap Contract for so long as that Swap Contract has not terminated, an amount equal to the excess of (i) the product of (a) the related Swap Rate for such Swap Contract, (b) the Class Certificate Balance of the related Class of Swap Certificates immediately prior to such Distribution Date and (c) the number of days in the related Interest Accrual Period divided by 360 (calculated on the basis of a 360 day year consisting of twelve 30-day months), over (ii) any Net Deferred Interest that would otherwise be allocated to the related Class of Swap Certificates in accordance with Section 4.03 on such Distribution Date in the absence of such Swap Contract (such amount of Net Deferred Interest instead being allocated to increase the related Swap Principal Amount).