Cap Agreement definition
Cap Agreement means any interest rate cap agreement, interest rate swap agreement or other interest rate-hedging contract or agreement, in a form acceptable to Lender, obtained by Borrower from a Cap Provider as a requirement of any Loan Document or as a condition of Lender’s making the Loan.
Cap Agreement means the interest rate cap agreement relating to the Class A-1b Notes consisting of the 2002 ISDA Master Agreement (Multicurrency Cross-Border), schedule and credit support annex, each dated as of October 5, 2018, and the confirmation, dated on or about October 5, 2018, in each case, between the Issuer and the Cap Counterparty, as such agreement may be amended and supplemented from time to time in accordance with its terms.
Cap Agreement. The Interest Rate Cap Agreement dated as of May 28, 2004, entered into between the Trustee on behalf of the Trust Fund (for the benefit of Certificateholders) and the Cap Provider, which agreement provides for monthly payments by the Cap Provider, commencing in July 2004 and terminating in May 2006, but subject to the conditions set forth therein, together with the confirmation and schedules relating thereto, in the form of Exhibit O. Cap Provider: ▇▇▇▇▇▇ Brothers Special Financing Inc.
Examples of Cap Agreement in a sentence
This Section shall survive termination of the SSBCI CAP Agreement indefinitely.
The Lender shall also indemnify the MSF, the MEDC and other Indemnified Person from and against all costs and expenses, including reasonable counsel fees, lawfully incurred in enforcing any obligation of the Lender arising from or under the Loan, any Loan documents or the SSBCI CAP Agreement.
The Lender agrees that it shall make a good faith effort to resolve any controversies that arise regarding the SSBCI CAP Agreement.
The MSF, the State of Michigan, the CCO, the MEDC, its Executive Committee and their respective directors, participants, officers, agents and employees (collectively, the “Indemnified Person(s)”) shall not be liable to the Lender for any reason arising out of or related in any way to the Loan, any Loan Documents, SSBCI, or the SSBCI CAP Agreement.
The MSF and the Lender now desire to sign this CAP Agreement to utilize SSBCI funds under the SSBCI CAP toward enhancing financing availability for small businesses in Michigan for the purposes of economic development.
More Definitions of Cap Agreement
Cap Agreement. Any of the interest rate cap agreements between the Supplemental Interest Trust and a Cap Counterparty which are deemed to be assets of the Supplemental Interest Trust and not an asset of any one of the REMICs created hereunder.
Cap Agreement. The Interest Rate Cap Agreement dated as of August 29, 2003, entered into between the Trustee on behalf of the Trust Fund (for the benefit of Certificateholders), in the case of the Basis Risk Cap, and on behalf of the holder of the Class X Certificate, in the case of the Class X Cap, and the Cap Provider, which agreement provides for the monthly payment, commencing in October 2003 and terminating in August 2005, by the Cap Provider specified therein, but subject to the conditions set forth therein, together with the confirmation and schedules relating thereto, in the form of Exhibit P hereto. The portion of the Cap Agreement consisting of the Class X Cap shall not be an asset of the Trust Fund, and the Trustee shall hold the Class X Cap separate and apart from the assets of the Trust Fund, solely for the benefit of the Class X Certificateholder. Cap Provider: ▇▇▇▇▇▇ Brothers Special Financing Inc.
Cap Agreement. The interest rate cap agreement (Reference No. 2440376) entered into by the Supplemental Interest Trust and the Cap Counterparty, dated May 5, 2006, which agreement provides for the monthly payment specified to the Securities Administrator (for the benefit of Certificateholders) commencing with the Distribution Date in November 2006 and ending on the Distribution Date in August 2012, by the Cap Counterparty, but subject to the conditions set forth therein, together with any schedule, confirmations or other agreements relating thereto, attached as Exhibit P. Cap Amount: With respect to each Distribution Date, the amount of any Cap Payment deposited into the Cap Account.
Cap Agreement. The interest rate cap agreement consisting of a 1992 ISDA Master Agreement (Multicurrency Border) and a Schedule dated as of the Closing Date and the related Confirmation thereto, between the Trustee and the Cap Provider, attached as Exhibit B-1 hereto, as such agreement may be amended and supplemented in accordance with its terms and any replacement interest rate cap agreement acceptable to the Trustee.
Cap Agreement means the ISDA Master Interest Rate Agreement dated February 27, 2002 between the Trust Collateral Agent and the Cap Provider, including the related Schedule One and Confirmation, and together with any replacement Cap Provider thereafter approved by the Insurer.
Cap Agreement. The interest rate cap agreement, dated August 26, 2003, between the Cap Provider and the Depositor, or any replacement thereof. Cap Provider: Morgan Stanley Capital Services, Inc., a Delaware corporation, and its ▇▇▇▇▇▇s▇▇▇ ▇▇ interest. Certificate: Any one of the Certificates executed by the Trustee in substantially the forms attached hereto as exhibits.
Cap Agreement means the ISDA Master Agreement, dated [________], 20[___], between the Issuer and the Cap Counterparty, including the Schedule thereto and the Confirmation relating to the Class A-[ ] Notes, as the same may be amended or supplemented from time to time in accordance with the terms thereof, and includes any replacement interest rate cap agreement.]