Group I Net Swap Payment definition

Group I Net Swap Payment. With respect to any Distribution Date, the Net Swap Payment for such Distribution Date multiplied by the Group I Swap Percentage for such Distribution Date.
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Group I Net Swap Payment. With respect to each Distribution Date, the net payment required to be made pursuant to the terms of the Group I Swap Agreement by either the Group I Swap Provider or the Swap Administrator, which net payment shall not take into account any Group I Swap Termination Payment.
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Group I Net Swap Payment. With respect to any Distribution Date, any net payment (other than a Group I Swap Termination Payment) payable by the Trust to the Group I Swap Provider on the related Fixed Rate Payer Payment Date (as defined in the Group I Interest Rate Swap Agreement).
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Examples of Group I Net Swap Payment in a sentence

  • In addition, the Securities Administrator shall remit to the Swap Administrator for payment to the Group I Swap Provider any Group I Swap Termination Payment (which shall include any Group I Net Swap Payment payable to the Group I Swap Provider) payable under Section 11.01.

  • On each Distribution Date, such amounts will be remitted to the Supplemental Interest Trust, first to make any Group I Net Swap Payment owed to the Group I Swap Provider pursuant to the Group I Swap Agreement for such Distribution Date, and second to make any Swap Termination Payment (not due to a Swap Provider Trigger Event) owed to the Group I Swap Provider pursuant to the Group I Swap Agreement for such Distribution Date.

  • In the event that any such Class is resecuritized in a REMIC, the obligation under the Group I Swap Agreement to pay any such Group I Swap Termination Payment (or any shortfall in Group I Net Swap Payment), will be made by one or more of the REMIC Regular Interests issued by the resecuritization REMIC subsequent to such REMIC Regular Interest receiving its full payment from any such Group I Certificate.

  • In addition, the Trustee shall remit to the Derivative Administrator for payment to the Group I Swap Provider any Group I Swap Termination Payment (which shall include any Group I Net Swap Payment to the Group I Swap Provider) payable under Section 10.01.

Related to Group I Net Swap Payment

  • 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.

  • Fixed Swap Payment With respect to any Distribution Date, a fixed amount equal to the related amount set forth in the Interest Rate Swap Agreement.

  • Floating Swap Payment With respect to any Distribution Date, a floating amount equal to the product of (i) Swap LIBOR, (ii) the related Base Calculation Amount (as defined in the Interest Rate Swap Agreement), (iii) 250 and (iv) a fraction, the numerator of which is the actual number of days elapsed from and including the previous Floating Rate Payer Payment Date (as defined in the Interest Rate Swap Agreement) to but excluding the current Floating Rate Payer Payment (or, for the first Floating Rate Payer Payment Date, the actual number of days elapsed from the Closing Date to but excluding the first Floating Rate Payer Payment Date), and the denominator of which is 360.

  • Group I Interest Remittance Amount With respect to any Distribution Date, that portion of the Available Funds for such Distribution Date attributable to interest received or advanced with respect to the Group I Mortgage Loans.

  • Group II Interest Remittance Amount With respect to any Distribution Date, that portion of the Available Funds for such Distribution Date attributable to interest received or advanced with respect to the Group II Mortgage Loans.