Swap Rate

Swap Rate. Means, on any day, the swap rate in effect for such day for a swap entered into in accordance with the requirements of Section 632(a) of the Indenture as notified to Universal by Wachovia Bank and delivered to the Series Enhancer pursuant to Section 636 of the Indenture.

Swap Rate. For all the Securities of this series, with respect to the Initial Coupon Reset Date: the bid side 30 year U.S. Dollar swap rate (expressed as a percentage yield to maturity) at 12:00 noon, New York City time, on the first Determination Date, as set forth on "Telerate Page 19901" (or such other page as may replace "Telerate 19901"); if such page (or any successor page) is not displayed or does not contain such bid side rate on such Determination Date, the average of the Reference Swap... Dealer Quotations for such Determination Date, after excluding the highest and lowest such Reference Swap Dealer Quotations, or if the Calculation Agent obtains fewer than four such Reference Swap Dealer Quotations, the average of all such Reference Swap Dealer Quotations. View More

Swap Rate. Shall mean the three-year Swap Rate as published on Bloomberg Professional Servies screen "USSW", determined as of the closing swap rate two business days prior to the Closing Date.