Swap Upfront Payment definition

Swap Upfront Payment has the meaning set forth in Section 2.2.
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Swap Upfront Payment means any up-front payment made by the Swap Counterparty to the Depositor or its affiliate on the Closing Date under the applicable Swap Agreement.
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Examples of Swap Upfront Payment in a sentence

  • On the Closing Date, the Trustee is hereby directed to pay the Swap Upfront Payment to the Depositor to an account designated by it.

  • In connection with the entering into of the Swap Contract, the Trustee, on behalf of the Trust, will be paid an upfront payment by the Swap Counterparty with respect to the Class A-3-1FL Certificates (the "Swap Upfront Payment").

  • The General Reserve Fund, the Pre- Funding Principal Reserve Ledger, the Pre-Funding Revenue Reserve Ledger, the Liquidity Reserve Fund, the Swap Upfront Payment Ledger and the Retained Principal Ledger will be established on the Issue Date.

  • In connection with the entering into of the Swap Contract, the Trustee, on behalf of the Trust, will be paid an upfront payment by the Swap Counterparty with respect to the Class [A-3-1FL] Certificates (the "Swap Upfront Payment").

  • The Trustee shall, upon receipt of the Swap Upfront Payment on the Closing Date from the Swap Counterparty, forward such Swap Upfront Payment to the Depositor to an account designated by the Depositor.

  • In addition, the Trustee shall cause each Swap Counterparty to make the Swap Upfront Payment to an account designated by the Depositor or its affiliate on the Closing Date.

Related to Swap Upfront Payment

  • Upfront Payment has the meaning set forth in Section 8.1.

  • Net Swap Payment With respect to each Distribution Date, the net payment required to be made pursuant to the terms of the Swap Agreement by either the Swap Provider or the Swap Administrator, which net payment shall not take into account any Swap Termination Payment.

  • Swap Termination Payment Upon the designation of an “Early Termination Date” as defined in the Swap Agreement, the payment to be made by the Swap Administrator to the Swap Provider from payments from the Trust Fund, or by the Swap Provider to the Swap Administrator for payment to the Trust Fund, as applicable, pursuant to the terms of the Swap Agreement.

  • 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 Notional Amount With respect to any Distribution Date is the amount set forth on Schedule II attached hereto with respect to such Distribution Date.