Swap Payments definition

Swap Payments means, with respect to each Distribution Date, the amount, if any, payable to a Swap Counterparty by the Trust for such date, including amounts due and unpaid from prior Distribution Dates (other than Swap Termination Payments), as specified in the applicable Swap Agreement.

Swap Payments means as of each payment date specified in an Interest Rate Swap, the amount, if any, payable to the Swap Counterparty by the Issuer. Swap Payments do not include any Termination Payments.

Swap Payments means amounts payable to or receivable by HVF pursuant to any Swap Agreement.

Examples of Swap Payments in a sentence

• On any Distribution Date, Swap Termination Payments, Net Swap Payments owed to the Swap Provider and Net Swap Receipts for that Distribution Date will be deposited into the Swap Account.

• On any Distribution Date, Swap Termination Payments, Net Swap Payments owed to the Swap Provider and Net Swap Receipts for that Distribution Date will be deposited into the Supplemental Interest Trust.

• 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.

• Net Swap Payments and Swap Termination Payments (other than Swap Termination Payments resulting from a Swap Counterparty Trigger Event) payable by the Supplemental Interest Trust to the Swap Counterparty pursuant to the Swap Agreement shall be excluded from the Available Distribution Amount and paid to the Swap Counterparty prior to any distributions to the Certificateholders.

• Net Swap Payments and Swap Termination Payments (other than Swap Termination Payments resulting from a Swap Counterparty Trigger Event) payable by the Trust Fund to the Swap Counterparty pursuant to the Swap Agreement shall be excluded from the Available Distribution Amount and payable to the Swap Counterparty prior to any distributions to the Certificateholders.

More Definitions of Swap Payments

Swap Payments means, with respect to each Distribution Date, the amount, if any, payable to the Swap Counterparty by the Trust for such date, including amounts due and unpaid from prior Distribution Dates (other than Swap Termination Payments), as specified in the Currency Swap Agreement.

Swap Payments means all payments made or to be made to the Borrowers under the Master Swap Agreement by the Swap Provider including (but without prejudice to the generality of the foregoing) all claims for damages in respect of any breach by the Swap Provider of the Master Swap Agreement; and “Swap Provider” includes its successors in title.

Swap Payments means all moneys whatsoever which are now or may later become payable (actually or contingently) to the Assignor under or in connection with the Assigned Agreement.

Swap Payments means as of each payment date specified in an Interest Rate Swap, the amount, if any, payable to the Swap Counter Party by the Trustee, on behalf of the Commission.

Swap Payments means all scheduled monthly net payments required to be made under the Swap to Counterparty in accordance with the terms of such Swap.

Swap Payments means amounts payable to or receivable by ZVF pursuant to any Swap Agreement.

Swap Payments. With respect to each Due Period, the payments that are required to be made to or from the Trust under any Swap Agreement then in effect.