Common use of Cap Termination Payment Clause in Contracts

Cap Termination Payment. Upon the designation of an “Early Termination Date” as defined in the Group 2 Cap Agreement, the payment required to be made by the Group 2 Cap Counterparty to the Trust Fund pursuant to the terms of the Group 2 Cap Agreement, and any unpaid amounts due from prior payment dates and accrued interest thereon as provided in the Group 2 Cap Agreement, as calculated by the Group 2 Cap Counterparty and furnished to the Trustee.

Appears in 3 contracts

Sources: Trust Agreement (Lehman XS Trust 2007-10h), Trust Agreement (Lehman XS Trust 2007-10h), Trust Agreement (Lehman XS Trust 2007-9)

Cap Termination Payment. Upon the designation of an “Early Termination Date” as defined in the Group 2 Class 3-A1 Cap Agreement, the payment required to be made by the Group 2 Cap Counterparty to the Trust Fund pursuant to the terms of the Group 2 Class 3-A1 Cap Agreement, and any unpaid amounts due from prior payment dates on previous Cap Payment Dates and accrued interest thereon as provided in the Group 2 Class 3-A1 Cap Agreement, as calculated by the Group 2 Cap Counterparty and furnished to the Trustee.

Appears in 1 contract

Sources: Trust Agreement (Lehman XS Trust 2007-6)

Cap Termination Payment. Upon the designation of an “Early Termination Date” as defined in the Group 2 1 Cap Agreement, the payment required to be made by the Group 2 Cap Counterparty to the Supplemental Interest Trust Fund pursuant to the terms of the Group 2 1 Cap Agreement, and any unpaid amounts due from prior payment dates on previous Cap Payment Dates and accrued interest thereon as provided in the Group 2 1 Cap Agreement, as calculated by the Group 2 Cap Counterparty and furnished to the Trustee.

Appears in 1 contract

Sources: Trust Agreement (LXS 2007-3)

Cap Termination Payment. Upon the designation of an “Early Termination Date” as defined in the Group 2 Cap Agreement, the payment required to be made by the Group 2 Cap Counterparty to the Supplemental Interest Trust Fund pursuant to the terms of the Group 2 Cap Agreement, and any unpaid amounts due from prior payment dates on previous Cap Payment Dates and accrued interest thereon as provided in the Group 2 Cap Agreement, as calculated by the Group 2 Cap Counterparty and furnished to the Trustee.

Appears in 1 contract

Sources: Trust Agreement (LXS 2007-3)