Swap LIBOR definition

Swap LIBOR. With respect to any Distribution Date (and the related Accrual Period) the product of (i) the Floating Rate Option (as defined in the Swap Agreement for the related Swap Payment Date), (ii) two and (iii) the quotient of (a) the actual number of days in the Accrual Period for the Lower Tier REMIC Interests divided by (b) 30.

Swap LIBOR. A per annum rate equal to the floating rate payable by the Swap Provider under the Swap Agreement.

Swap LIBOR. LIBOR as determined pursuant to the Swap Agreement.

Examples of Swap LIBOR in a sentence

• For only those Distribution Dates listed in the first column in the table below, the Class T2-IO shall be entitled to interest accrued on the REMIC I interest listed in the second column in the table below at a per annum rate equal to the excess, if any, of (i) the interest rate for such REMIC I interest for such Distribution Date over (ii) the product of Swap LIBOR for such Distribution Date and 2.

• For the applicable Distribution Date listed in the first column in the table below, the Class T2-IO shall be entitled to interest accrued on each REMIC I Regular Interest listed in the second column in the table below at a per annum rate equal to the excess, if any, of (i) the interest rate for each such REMIC I Regular Interest for such Distribution Date over (ii) the product of (a) two, and (b) Swap LIBOR for such Distribution Date.

• Please specify which financial indices you will use to base your financial rate against (e.g. 3 Year Swap, LIBOR).

• Notwithstanding any of the other provisions of this Section 10.01, none of the Depositor, the Servicer, the Supplemental Interest Trust Trustee or the Trustee shall enter into any amendment to the following: the following defined terms that appear in Section 1.01: Net Swap Payment, Swap LIBOR and Trigger Event; the second paragraph of Section 4.02(I); Section 4.02(V) ; Section 4.05; or Section 9.01 of this Agreement without the prior written consent of the Swap Provider.

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More Definitions of Swap LIBOR

Swap LIBOR. For any Distribution Date, a per annum rate equal to the Floating Rate Option (as defined in the Swap Agreement) for the related Calculation Period (as defined in the Swap Agreement).

Swap LIBOR. With respect to any Distribution Date (and the related Interest Accrual Period), the product of (i) USD-LIBOR-BBA (as used in the Interest Rate Swap Agreement), (ii) two, and (iii) the quotient of (a) the actual number of days in the Interest Accrual Period for the LIBOR Certificates divided by (b) 30. Swap Provider: Goldman Sachs Mitsui Marine Derivative Products, L.P., a Delaware limitxx xxxxnxxxxxp, and its successors in interest, and any successor swap provider under any replacement Interest Rate Swap Agreement.

Swap LIBOR. With respect to any Distribution Date (and the related Interest Accrual Period), the product of (i) USD-LIBOR-BBA (as used in the Interest Rate Swap Agreement), (ii) two, and (iii) the quotient of (a) the actual number of days in the Interest Accrual Period for the LIBOR Certificates divided by (b) 30.

Swap LIBOR. LIBOR as determined pursuant to each Interest Rate Swap Agreement.

Swap LIBOR. As to any Distribution Date, LIBOR (as determined pursuant to the Interest Rate Swap Agreement with respect to such Distribution Date).

Swap LIBOR. With respect to any Distribution Date and the related Swap Payment Date (and the Accrual Period relating to such Distribution Date), the product of (i) the Floating Rate Option (as defined in the Swap Agreement) for the related Swap Payment Date and (ii) two.

Swap LIBOR. With respect to any Distribution Date (and the related Interest Accrual Period), the product of (i) USD-LIBOR-BBA (as used in the Interest Swap Agreement), (ii) two, and (iii) the quotient of (a) the actual number of days in the Interest Accrual Period for the LIBOR Certificates divided by (b) 30. Swap Provider: Goldman Sachs Mitsui Marine Derivative Products, L.P., a Delaware limitxx xxxxnership, and its successors in interest.