Cap Agreements definition

Cap Agreements means each interest rate cap agreement, between the Transferor, the Trustee and a Cap Provider, as amended from time to time, and any additional interest rate protection agreement or agreements, entered into between the Transferor, the Trustee and a Cap Provider, as the same may from time to time be amended, restated, modified and in effect.

Cap Agreements. The Class A-2 Cap Agreement, the Class M Cap Agreement, the Class B Cap Agreement and the Class X Cap Agreement.

Cap Agreements. The Group I Cap Agreement and the Group II Cap Agreement.

Examples of Cap Agreements in a sentence

• Each Class of Certificates (other than the Class P and Class R Certificates), other than the right of each Class of LIBOR Certificates to receive Basis Risk CarryForward Amounts and the right of the Class X Certificates to receive payments from the Interest Rate Cap Agreements, represents ownership of a regular interest in the Upper Tier REMIC for purposes of the REMIC Provisions.

• The Class P Certificates represent beneficial ownership of the Prepayment Charges, each Class of LIBOR Certificates represents beneficial ownership of a regular interest in the Upper Tier REMIC and the right to receive Basis Risk CarryForward Amounts and the Class X Certificates represent beneficial ownership of a regular interest in the Upper Tier REMIC, the Excess Reserve Fund Account and the Interest Rate Cap Agreements, which portions of the Trust Fund shall be treated as a grantor trust.

• The Trustee on behalf of the Trust is hereby authorized to enter into the Interest Rate Cap Agreements.

• The Transferor hereby further agrees to execute all such instruments, documents and financing statements and take all such further action requested by the Trustee to evidence and perfect the assignment of the Cap Agreements and the Interest Rate Caps pursuant to this Section 3A.

• It is the express intent of the parties hereto that the conveyance of the Mortgage Loans and the Cap Agreements by the Seller to the Purchaser as provided in Section 4 hereof be, and be construed as, a sale of the Mortgage Loans and the Cap Agreements by the Seller to the Purchaser and not as a pledge of the Mortgage Loans and the Cap Agreements by the Seller to the Purchaser to secure a debt or other obligation of the Seller.

More Definitions of Cap Agreements

Cap Agreements. Each of the interest rate cap agreements, dated as of [DATE], between the Indenture Trustee, in its capacity as indenture trustee, and the Cap Counterparty.

Cap Agreements means interest rate cap agreements, pursuant to which we receive cash payments if the interest rate index specified in any such agreement increases above contractually specified levels, thus effectively capping the interest rate on a specified amount of borrowings at a level specified by the agreement.

Cap Agreements. Each of the interest rate cap agreements, dated as of [DATE], between the Owner Trustee, in its capacity as owner trustee, and the Cap Counterparty.

Cap Agreements. The Class A-2, Class A-3 and Class A-4 Cap Agreement, the Class M Cap Agreement and the Class B Cap Agreement. Cap Provider: Morgan Stanley Capital Services, Inc., a Delaware corporation, and its xxxxxxsxxx xx interest. Certificate: Any one of the Certificates executed by the Trustee in substantially the forms attached hereto as exhibits.

Cap Agreements. The Group II Class A Cap Agreement, the Class M Cap Agreement and the Class B Cap Agreement. Cap Provider: Morgan Stanley Capital Services, Inc., x Xexxxxxx 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 Agreements. The Group 1 Senior Cap Agreement and Mezzanine Cap Agreement, which are attached hereto as Exhibit Q.

Cap Agreements means agreements to provide telephone services within and between local access transport areas, such services to be provided primarily on facilities owned or leased by the Company.