Swap Termination Date definition

Swap Termination Date means the date on which Swap Agreement terminates in accordance with its terms, which with respect to any Initial Interest Rate Swap Agreement is scheduled to be the Initial Reset Date for the Reset Rate Notes.

Swap Termination Date. The Swap Payment Date in November 2011, after any required payment is made.

Swap Termination Date. The Swap Payment Date in September 2010, after any required payment is made. Swap Termination Payment: Upon the designation of an Early Termination Date, the payment to be made by the Trust to the Supplemental Interest Account for payment to the Swap Counterparty, or by the Swap Counterparty to the Supplemental Interest Account for payment to the Trust, as applicable, pursuant to the terms of the Swap Agreement.

Examples of Swap Termination Date in a sentence

• The Final Scheduled Distribution Date, the Supplemental Distribution Date, the Swap Termination Date, or the distribution date following the occurrence of a Term Assets Credit Event.

• The financial guaranty insurance policy issued by the Swap Insurer pursuant to the Insurance Agreement, which guarantees the Swap Counterparty's obligations under the Swap Agreement on a Swap Termination Date or upon the occurrence of a Term Assets Credit Event.

• The remaining amount in the reserve account will remain in that account and not treated as a Swap Termination Payment for purposes of determining the distributions from the Swap Account until the final Swap Termination Date.

• The Proxy will be reinstated (unless sooner terminated on the Proxy Swap Termination Date) upon Xxxxxx ceasing to be so disabled (as determined by a physician selected by Xxxxxx and reasonably acceptable to Xxxxxx (on behalf of the Xxxxxx Group)).

• Upon the occurrence of an Illegality, Tax Event and Tax Event Upon Merger, as such terms are defined in the Swap Agreement, the party that is not the affected party, if there is only one affected party, or either party, if both parties are affected by such events, has the right to terminate the Swap Agreement before the Swap Termination Date.

More Definitions of Swap Termination Date

Swap Termination Date. Not Applicable.

Swap Termination Date. Means the early termination date as defined in the Swap Agreement, which date may be designated as set forth in the Swap Agreement upon the occurrence of certain events including, but not limited to, (i) the third Business Day after the giving of notice of a payment default by the Swap Counterparty under the Swap Agreement, (ii) the thirtieth day after the giving of notice of any default by either party (other than any payment default) under the Swap Agreement, (iii) illegality on the part of the Trust or the Swap Counterparty to be a party to, or perform any obligation under, the Swap Agreement, (iv) the occurrence of certain tax events specified in the Swap Agreement, (v) any Term Assets Issuer fails to satisfy its reporting obligations under the Exchange Act, (vi) the occurrence of certain insolvency events with respect to either party to the Swap Agreement or (vii) the occurrence of certain defaults by the Swap Counterparty or certain termination events under the Insurance Agreement (such defaults and termination events include, but are not limited to, a failure to post collateral as required under the Insurance Agreement, a failure by the Swap Counterparty to perform its obligations under certain other agreements which it has entered into, a failure to reimburse the Swap Insurer for amounts paid by the Swap Insurer under the Policy, a failure of the Swap Counterparty to maintain certain rating thresholds, and certain changes in control of the Swap Counterparty).

Swap Termination Date. With respect to each Distribution Date under the Swap Agreement, to and including the Distribution Date in October 2011.

Swap Termination Date has the meaning set forth in the definition of “Sharing Confirmation” in this Section 1.01.

Swap Termination Date. Means the early termination date as defined in the Swap Agreement, which date may be designated as set forth in the Swap Agreement upon the occurrence of certain events including, but not limited to, (i) the third Business Day after the giving of notice of a payment default by the Swap Counterparty under the Swap Agreement, (ii) the thirtieth day after the giving of notice of any default by either party (other than any payment default) under the Swap Agreement, (iii) illegality on the part of the Trust or the Swap

Swap Termination Date. The earliest of (i) the Distribution Date on which the Certificate Principal Balance of the Class A1 Certificates is reduced to zero, (ii) the Distribution Date on which the Servicer purchases all Mortgage Loans and each REO Property remaining in the Trust Fund pursuant to Section 9.01(a) of this Agreement, (iii) the day on which all of the Trust’s obligations under this Agreement expire pursuant to Section 9.01, and (iv) the Final Distribution Date.

Swap Termination Date means the Early Termination Date as defined in the Swap Agreement.