Swap Receipt definition

Swap Receipt means a net payment to be made by a Swap Provider into the Collections Account under a Swap Agreement and includes any such payment made by a guarantor under any related Swap Guarantee or any termination payment received from any counterparty to a Swap Agreement.

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Swap Receipt means on any Distribution Date the net amount, if any, then payable by a Swap Counterparty to the Issuer, excluding any Swap Termination Payments.]

Swap Receipt means the net amount required to be paid to the University under a Swap, but shall not include any Termination Receipt.

Examples of Swap Receipt in a sentence

Pursuant to the terms of the Class Interest Rate Swap, the Interest Rate Swap Counterparty shall pay to the Trust the Net Swap Receipt or the Trust shall pay to the Interest Rate Swap Counterparty the Net Swap Payment, as applicable.
Pursuant to the terms of the Interest Rate Swap, the Swap Counterparty shall pay to the Trustee on each Transfer Date the Net Swap Receipt, if any, plus the amount of any Net Swap Receipt due but not paid with respect to any previous Transfer Date.
Pursuant to the terms of the Class Interest Rate Swap, on each Distribution Date, the Interest Rate Swap Counterparty shall pay to the Trust the Net Swap Receipt or the Trust shall pay to the Interest Rate Swap Counterparty the Net Swap Payment, as applicable.
On any Distribution Date, Swap Termination Payments, Net Swap Payment Amounts owed to the Swap Provider and Net Swap Receipt Amounts for that Distribution Date will be deposited into the Supplemental Interest Trust.
On each subsequent Distribution Date (so long as funds are available in the reserve account), the Trustee shall withdraw from the reserve account and deposit into the Swap Account an amount equal to the amount of any Net Swap Receipt due the Trust (calculated in accordance with the terms of the original Interest Rate Swap Agreement) and treat such amount as a Net Swap Receipt for purposes of determining the distributions from the Swap Account.
On each subsequent Distribution Date (so long as funds are available in the reserve account), the Securities Administrator shall withdraw from the reserve account and deposit into the Swap Account an amount equal to the amount of any Net Swap Receipt due the Trust (calculated in accordance with the terms of the original Interest Rate Swap Agreement) and treat such amount as a Net Swap Receipt for purposes of determining the distributions from the Swap Account.
On each subsequent Distribution Date (so long as funds are available in the reserve account), the Securities Administrator shall withdraw from the reserve account and deposit into the Supplemental Interest Trust an amount equal to the amount of any Net Swap Receipt due the Trust (calculated in accordance with the terms of the original Interest Rate Swap Agreement) and treat such amount as a Net Swap Receipt for purposes of determining the distributions from the Supplemental Interest Trust.
In the case of a Location Swap, each of the Swap Receipt Point and the Swap Delivery Point is a Delivery Point for the purposes of this agreement.
For a Location Swap Transaction, the quantity made available for delivery and accepted on each Gas Day and the Delivery Variance Quantity are determined separately for each of the Swap Receipt Point and a Swap Delivery Point.
On each subsequent Distribution Date (so long as funds are available in such reserve account), the Trustee shall withdraw from the reserve account and deposit into the Supplemental Interest Account an amount equal to the amount of any Net Swap Receipt due the Trust (calculated in accordance with the terms of the original Interest Rate Swap Agreement) and treat such amount as a Net Swap Receipt for purposes of determining the distributions from the Supplemental Interest Account.

More Definitions of Swap Receipt

Swap Receipt means, in relation to a Hedging Agreement, a Rig Owner and an Interest Payment Date, the amount payable (if any) by the Hedging Provider to, or in favour of, that Rig Owner under and pursuant to that Hedging Agreement on that Interest Payment Date in respect of the difference between interest calculated at the floating rate then applicable under that Hedging Agreement in respect of the Interest Period ending on that Interest Payment Date and interest calculated at the Fixed Rate applicable under that Hedging Agreement (after giving effect to any contractual set-off and/or netting provisions contained in that Hedging Agreement), but shall exclude, for the avoidance of doubt, any amount payable by the Hedging Provider to that Rig Owner under that Hedging Agreement as a result or consequence of any termination of, or default under, that Hedging Agreement.

Swap Receipt means on any Distribution Date the net amount, if any, then payable by a Swap Counterparty to the Issuer, excluding any Swap Termination Payments.