Cap Contract Administration Agreement definition
Examples of Cap Contract Administration Agreement in a sentence
The Indenture Trustee's rights to receive certain proceeds of the Cap Contract as provided in the Cap Contract Administration Agreement shall be rights of the Indenture Trustee as Cap Trustee under this Indenture, shall be an asset of the Cap Trust, and shall not be an asset of the Trust or of any REMIC.
The Cap Contract Administrator and the Cap Counterparty have entered into the Cap Contract Administration Agreement.
The Cap Contract Administrator and the Cap Contract Counterparty have entered into the Cap Contract Administration Agreement.
The Indenture Trustee has accepted an assignment of Cap Contract as Cap Contract Administrator and hereby agrees to hold the Cap Contract for the benefit of the Holders of the Notes pursuant to the Cap Contract Administration Agreement.
The Sellers, the Depositor, the Master Servicer, and the Noteholders by their acceptance of the Notes acknowledge and agree that the Indenture Trustee shall execute, deliver, and perform its obligations under the Cap Contract Administration Agreement and shall do so solely in its capacity as Cap Contract Administrator and not in its individual capacity.
No Party may declare itself as a trustee of the rights under this Agreement for the benefit of any third party except for the aforesaid Beneficiaries.
The Indenture Trustee’s rights to receive certain proceeds of the Cap Contract as provided in the Cap Contract Administration Agreement shall be rights of the Indenture Trustee under this Indenture and shall not be an asset of any REMIC.
Every provision of this Indenture relating to the conduct or affecting the liability of or affording protection to the Indenture Trustee shall apply to the Indenture Trustee’s execution of the Cap Contract Administration Agreement in its capacity as Cap Contract Administrator, and the performance of its duties and satisfaction of its obligations under the Cap Contract Administration Agreement.
In addition, if the Cap Contract is still outstanding, the person appointed as successor indenture trustee, in its acceptance of its appointment, shall acknowledge accepting its appointment as successor Cap Contract Administrator under the Cap Contract Administration Agreement and execute and deliver any other documentation necessary to become and act as successor Cap Contract Administrator.
Every provision of this Indenture relating to the conduct or affecting the liability of or affording protection to the Indenture Trustee shall apply to the Indenture Trustee's execution of the Cap Contract Administration Agreement in its capacity as Cap Contract Administrator, and the performance of its duties and satisfaction of its obligations under the Cap Contract Administration Agreement.