Swap Payment Date definition

Swap Payment Date. For so long as the Swap Agreement is in effect or any amounts remain unpaid thereunder, the Business Day immediately preceding each Distribution Date.

Swap Payment Date means the date on which Net Swap Receipts or Net Swap Payments, as applicable, are made pursuant to the Interest Rate Swap Agreement.]

Swap Payment Date. Two Swap Business Days prior to the Distribution Date.

Examples of Swap Payment Date in a sentence

• All such investments must be payable on demand or mature on a Swap Payment Date, a Distribution Date or such other date as directed by the Certificateholders.

• All such investments must be payable on demand or mature on a Swap Payment Date or such other date as directed by the Certificateholders.

• On the first Distribution Date immediately following any Swap Payment Date as to which a shortfall exists with respect to a Net Swap Payment or a Swap Termination Payment owed by the Swap Counterparty as a result of its failure to make payments pursuant to the Swap Agreement, amounts necessary to cover such shortfall shall be removed from the Collateral Account and distributed as all or a portion of such Net Swap Payment or Swap Termination Payment pursuant to Section 5.02.

• All such investments shall be payable on demand or mature on a Swap Payment Date, a Distribution Date or such other date as directed by the Certificateholders.

• All such investments must be payable on demand or mature on a Swap Payment Date, a Distribution Date or such other date as directed by the Required Certificateholders.

More Definitions of Swap Payment Date

Swap Payment Date. For so long as the Swap Agreement is in effect or amounts remain unpaid thereunder, the second Business Day (as defined in the Swap Agreement) immediately preceding each Distribution Date.

Swap Payment Date. The day that falls one Swap Business Day prior to the 25th day of each month beginning in May 2006 through and including April 2011.

Swap Payment Date means each “Payment Date” as defined under the Swap Agreement.

Swap Payment Date. As specified in the Terms Schedule.

Swap Payment Date. The "Business Day" (as defined in the Swap Agreement) before each Distribution Date.

Swap Payment Date. The 25th day of each month beginning in November 2005 through and including September 2009, or, if such day is not a day on which commercial banks and foreign exchange markets in New York settle payments and are open for general business, the first following day on which commercial banks and foreign exchange markets in New York settle payments and are open for general business.

Swap Payment Date. As defined in the Series Supplement.