Cap Agreements. (a) The Depositor hereby directs the Trustee to execute and deliver on behalf of the Trust each of the Cap Agreements and authorizes the Trustee to perform its obligations thereunder on behalf of the Trust in accordance with the terms of each of the Cap Agreements.
Cap Agreements. (a) The Securities Administrator shall establish and maintain an Eligible Account in its name, in trust for the benefit of the Noteholders, the Cap Account.
Cap Agreements. (i) Prior to the Initial Funding Date, Seller shall obtain a Cap Agreement in substantially the form of Exhibit B. The Cap Agreement shall entitle the Seller to receive monthly the Cap Payment, if any, as set forth in the Cap Agreement. Payments received by Seller under the Cap Agreement shall be deposited in the Collection Account within two Business Days of such receipt (or, if earlier, on the related Settlement Date), except that any payments received under a Cap Agreement as a result of the early termination thereof may instead be applied by Seller to the acquisition of a Replacement Interest Rate Cap.
Cap Agreements. The Trustee is hereby authorized and directed to execute and deliver the Cap Agreements and to acknowledge the provisions thereof.
Cap Agreements. If a Debtor enters into a Fully Paid Cap, the terms of Clauses 4.16 to 4.20 below shall apply and the preceding Clauses 4.13 to 4.14 shall not apply to the relevant Cap Agreements.
Cap Agreements. Executed copies of any Cap Agreement entered into by the Issuer, if any, on or prior to the Closing Date.
Cap Agreements. The First CAP Agreement, the Second CAP Agreement and the Third CAP Agreement.
Cap Agreements. The Senior Cap Agreement, the Class M-1 Cap Agreement, the Class M-2 Cap Agreement and the Class B-1 Cap Agreement. Cap Counterparty: Bear Xxxxxxx Financial Products Inc. Certificate: The Ownership Certificate.
Cap Agreements. With respect to each Cap Agreement (A) The identity of the related Cap Counterparty, (B) the notional amount, purchase price and strike rate (C) all payments received from the related Cap Counterparty.
