Swap Optional Termination Payment definition

Swap Optional Termination Payment. As defined in Section 11.01.
Sample 1Sample 2Sample 3
Swap Optional Termination Payment. As defined in Section 10.01. Swap Provider: The swap provider under the Swap Agreement either (a) entitled to receive payments from the Derivative Administrator from amounts payable by the Trust Fund under this Agreement or (b) required to make payments to the Derivative Administrator for payment to the Trust Fund, in either case pursuant to the terms of the Swap Agreement, and any successor in interest or assign. Initially, the Swap Provider shall be Bear Stearns Financial Prxxxxxx Inc. Swap Provider Trigger Event: With respect to any Distribution Date, (i) an Event of Default under the Swap Agreement with respect to which the Swap Provider is a Defaulting Party, (ii) a Termination Event under the Swap Agreement with respect to which the Swap Provider is the sole Affected Party, or (iii) an Additional Termination Event under the Swap Agreement with respect to which the Swap Provider is the sole Affected Party. Swap Termination Payment: Upon the designation of an "Early Termination Date" as defined in the Swap Agreement, the payment to be made by the Derivative Administrator to the Swap Provider from payments from the Trust Fund, or by the Swap Provider to the Derivative Administrator for payment to the Trust Fund, as applicable, pursuant to the terms of the Swap Agreement.
Sample 1
Swap Optional Termination Payment. Any Swap Termination Payment (which shall include any Net Swap Payment payable for the final Distribution Date) payable to the Swap Provider pursuant to the Swap Agreement which remains unpaid or which is due to the exercise of such option.
Sample 1

Examples of Swap Optional Termination Payment in a sentence

  • The Swap Optional Termination Payment shall not be part of any REMIC and shall not be paid into any account which is part of any REMIC.

  • The Swap Optional Termination Payment shall be withdrawn by the Trustee from the Certificate Account and remitted to the Supplemental Interest Trust for payment to the Swap Counterparty.

  • Notwithstanding anything herein to the contrary, only an amount equal to the Optional Termination Price, reduced by the portion thereof consisting of the sum of (x) any Swap Termination Payment and (y) the amount of any unpaid Net Swap Payments that would not otherwise be funded by the Optional Termination Price but for clause (iv) of the definition of "Optional Termination Price" (such portion, the "Swap Optional Termination Payment"), shall be made available for distribution to the Certificates.

  • The Group II Swap Optional Termination Payment shall not be part of any REMIC and shall not be paid into any account which is part of any REMIC.

  • The Group I Swap Optional Termination Payment shall not be part of any REMIC and shall not be paid into any account which is part of any REMIC.

  • In addition, the Swap Administrator shall remit to the Swap Provider any Swap Optional Termination Payment paid as part of the Mortgage Loan Purchase Price and remitted to the Supplemental Interest Trust pursuant to Section 10.01.

  • In addition, the Swap Administrator shall remit to the Swap Provider any Swap Optional Termination Payment paid as part of the Mortgage Loan Purchase Price and remitted to the Supplemental Interest Trust pursuant to Section 11.01.

  • In addition, the Swap Administrator shall remit to the Group I Swap Provider any Group I Swap Optional Termination Payment paid as part of the Group I Mortgage Loan Purchase Price and remitted to the Group I Supplemental Interest Trust pursuant to Section 10.01.

  • In addition, the Swap Administrator shall remit to the Group II Swap Provider any Group II Swap Optional Termination Payment paid as part of the Group II Mortgage Loan Purchase Price and remitted to the Group II Supplemental Interest Trust pursuant to Section 10.01.

  • Only an amount equal to the Mortgage Loan Purchase Price less any Swap Optional Termination Payment (the “REMIC Termination Payment”) shall be made available for distribution to the Regular Certificates.


More Definitions of Swap Optional Termination Payment

Swap Optional Termination Payment. With respect to Loan Group I, any related Swap Termination Payment (which shall include any Group I Net Swap Payment payable for the related final Distribution Date) payable to the Group I Swap Provider pursuant to the Group I Swap Agreement which remains unpaid or which is due to the exercise of such option. With respect to Loan Group III, any related Swap Termination Payment (which shall include any Group III Net Swap Payment payable for the related final Distribution Date) payable to the Group III Swap Provider pursuant to the Group III Swap Agreement which remains unpaid or which is due to the exercise of such option.
Sample 1

Related to Swap Optional Termination Payment

  • Swap Termination Payment Upon the designation of an “Early Termination Date” as defined in the Swap Agreement, the payment to be made by the Swap Administrator to the Swap Provider from payments from the Trust Fund, or by the Swap Provider to the Swap Administrator for payment to the Trust Fund, as applicable, pursuant to the terms of the Swap Agreement.

  • Early Termination Payment is defined in Section 4.3(b) of this Agreement.

  • Termination Payment has the meaning set forth in Section 6.03.

  • Termination Payment Date means the date on which the RECIPIENT is required to repay to ECOLOGY any outstanding balance of the loan and all accrued interest.

  • Early Termination Amount means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, these Conditions or the relevant Final Terms;

  • Optional Termination Price On any date after the Initial Optional Termination Date, an amount equal to the sum of (A) the aggregate Stated Principal Balance of each Mortgage Loan (other than any Mortgage Loan that has become an REO Property) as of the Distribution Date on which the proceeds of the Optional Termination are distributed to the Certificateholders, plus accrued interest thereon at the applicable Mortgage Rate as of the Due Date preceding the Distribution Date on which the proceeds of the Optional Termination are distributed to Certificateholders and the fair market value of any REO Property, plus accrued interest thereon as of the Distribution Date on which the proceeds of the Optional Termination are distributed to Certificateholders, (B) any unreimbursed out-of-pocket costs and expenses owed to the Master Servicer, the Trustee or the Securities Administrator (including any amounts incurred by the Securities Administrator in connection with conducting the Auction), a Servicer or the Master Servicer and any unpaid or unreimbursed Servicing Fees, Monthly Advances and Servicing Advances, (C) any unreimbursed costs, penalties and/or damages incurred by the Trust Fund in connection with any violation relating to any of the Mortgage Loans of any predatory or abusive lending law and (D) in the event an Auction has been conducted, all reasonable fees and expenses incurred by the Securities Administrator to conduct the Auction.

  • Lease Termination Payments means all payments received by or on behalf of any Seller with respect to a Lease with respect to any terminations, surrenders, modifications, renewals or amendments of any such Lease.

  • Termination Payments has the meaning specified in Section 10(a).

  • Estimated Swap Termination Payment means, with respect to an Early Termination Date, an amount determined by Party A in good faith and in a commercially reasonable manner as the maximum payment that could be owed by Party B to Party A in respect of such Early Termination Date pursuant to Section 6(e) of the ISDA Master Agreement, taking into account then current market conditions.

  • Optional Termination Date Any Distribution Date on or after which the Stated Principal Balance (after giving effect to distributions to be made on such Distribution Date) of the Mortgage Loans is less than 10.00% of the Cut-off Date Balance.

  • Defaulted Swap Termination Payment Any Swap Termination Payment required to be paid by the Trust to the Swap Provider pursuant to the Interest Rate Swap Agreement as a result of an Event of Default (as defined in the Interest Rate Swap Agreement) with respect to which the Swap Provider is the defaulting party or a Termination Event (as defined in the Interest Rate Swap Agreement) (other than Illegality or a Tax Event that is not a Tax Event Upon Merger (each as defined in the Interest Rate Swap Agreement )) with respect to which the Swap Provider is the sole Affected Party (as defined in the Interest Rate Swap Agreement).

  • Initial Optional Termination Date The first Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans is equal to or less than 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

  • Termination Amount has the meaning set forth in Section 7.02(a).

  • Swap Termination Event means any event defined as a “Swap Termination Event” in the Interest Rate Swap Agreement.

  • Final Termination Date means the last date of the final year in which the Applicant is required to Maintain Viable Presence and as further identified in Section 2.3.E of this Agreement.

  • Additional Termination Event has the meaning specified in Section 5(b).

  • Early Termination Date means the date determined in accordance with Section 6(a) or 6(b)(iv).

  • Optional Termination The termination of the trust created hereunder in connection with the purchase of the Mortgage Loans pursuant to Section 9.01(a) hereof.

  • Accrual Termination Date Not applicable.

  • Early Termination Event has the meaning specified in Section 9.2.

  • Termination Price As defined in Section 9.01.

  • Early Termination Notice is defined in Section 4.2 of this Agreement.

  • Early Termination Rate means the lesser of (i) 6.5% per annum, compounded annually, and (ii) LIBOR plus 100 basis points.

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Early Termination Fee has the meaning set forth in Section 7.2.

  • Automatic Early Termination provision of Section 6(a) will not apply to Party A and will not apply to Party B.