Swap Receipts definition

Swap Receipts means, with respect to each Distribution Date, the amount required to be received from the related Swap Counterparty by the Trust for such date (other than Swap Termination Payments), as specified in the related Swap Agreement.

Swap Receipts means as of each payment date specified in an Interest Rate Swap, the amount, if any, payable for the account of the Issuer by the Swap Counterparty. Swap Receipts do not include amounts received with respect to the early termination or modification of an Interest Rate Swap.

Swap Receipts means, with respect to each Distribution Date, the amount required to be received from the Swap Counterparty by the Trust for such date (other than Swap Termination Payments), as specified in the Currency Swap Agreement.

Examples of Swap Receipts 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.

• Net Swap Receipts shall be deposited by the Indenture Trustee into the Collection Account on the day received and shall constitute part of the Total Distribution Amount.

• 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.

• Swap Receipts to be received on the current Payment Date are considered a Collection and are included in the next Collection Period.

• The Trustee shall deposit such Net Swap Receipts, if any, into the Finance Charge Account and shall apply such amounts as Class A Available Funds pursuant to subsection 4.09(a).

More Definitions of Swap Receipts

Swap Receipts means net payments received by the Issuer from a Counterparty under a Qualified Derivative Agreement.

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

Swap Receipts means, under a Swap Agreement, the amounts payable by a Swap Counterparty as Swap Payments and as Termination Payments in respect of the notional amount specified in such Swap Agreement, at a variable rate or a fixed rate computed in accordance with such Swap Agreement.

Swap Receipts means any payments payable by the Parity Swap Agreement Counterparty under a Parity Swap Agreement; provided that termination payments payable by such Parity Swap Agreement Counterparty shall be considered a Swap Receipt only‌

Swap Receipts means the amounts payable by the Swap Counterparty in respect of the notional principal amount pursuant to the terms of the Swap Agreement, including any Termination Payments.

Swap Receipts means as of each payment date specified in an Interest Rate Swap, the amount, if any, payable to the Trustee for the account of the Issuer by the Swap Counterparty.

Swap Receipts means payments received by the Company from counterparties on Determination Date Swap Agreements between the Determination Date and the Swap Determination Date.