Group II Net Swap Payment definition

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

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

  • In addition, the Securities Administrator shall remit to the Swap Administrator for payment to the Group II Swap Provider any Group II Swap Termination Payment (which shall include any Group II Net Swap Payment payable to the Group II Swap Provider) payable under Section 11.02.

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

Related to Group II 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.

  • 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.

  • 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.

  • 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.