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 AgreementThe Interest Rate Cap Agreement dated as of October 29, 2004, entered into between the Trustee on behalf of the Trust Fund (for the benefit of Certificateholders) and the Cap Counterparty, which agreement provides for monthly payments, commencing in December 2004 and terminating in August 2007, by the Cap Counterparty as 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. Cap Counterparty: Xxxxxx Brothers Special Financing Inc.

Examples of Cap Agreement in a sentence

  • If a Transfer of all or part of the Mortgaged Property permitted by this Loan Agreement occurs, Borrower will ensure that any third-party Cap Agreement is transferred to the applicable transferee or, if the Cap Agreement is not transferable, Borrower will replace the third-party Cap Agreement in accordance with Lender’s then-current requirements.

  • Borrower shall take all actions reasonably requested by Lender to enforce Lender’s rights under the Interest Rate Cap Agreement in the event of a default by the Counterparty and shall not waive, amend or otherwise modify any of its rights thereunder.

  • If (a) the Note does not provide for interest to accrue at a floating or variable interest rate (other than during any Extension Period, if applicable), and (b) a third party Cap Agreement is not required, then this Section 2.06 and Section 3.04 will be of no force or effect.

  • Borrower acknowledges that the terms of the Interest Rate Cap Agreement may prohibit public sales, that the Rate Cap Collateral may not be of the type appropriately sold at public sales, and that such sales may be prohibited by law.

  • The Interest Rate Cap Agreement shall have a strike rate equal to the Strike Price.


More Definitions of Cap Agreement

Cap AgreementThe interest rate cap agreement, dated September 25, 2003, between the Cap Provider and the Trustee on behalf of the Trust, or any replacement thereof. Cap Provider: Xxxxxx Xxxxxxx Capital Services, Inc., a Delaware corporation, and its successors in interest. Certificate: Any one of the Certificates executed by the Trustee in substantially the forms attached hereto as exhibits.
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 AgreementThe 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: Xxxxxx Brothers Special Financing Inc.
Cap AgreementThe 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 AgreementThe 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 means any interest rate cap agreement between the Borrower or its designee and any counterparty, as such agreement may be amended, supplemented or substituted from time to time, a security interest in which Cap Agreement shall be granted to the Trustee.