Cap Contract Administrator definition

Cap Contract Administrator means The Bank of New York, in its capacity as cap contract administrator under the Cap Contract Administration Agreement.
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Cap Contract Administrator means JPMorgan Chase Bank, N.A., in its capacity as cap contract administrator under the Cap Contract Administration Agreement.
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Cap Contract Administrator means ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ Bank, N.A., in its capacity as cap contract administrator under the Cap Contract Administration Agreement.
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Examples of Cap Contract Administrator in a sentence

  • The Cap Contract Administrator hereby agrees to receive, on behalf of CHL and on behalf of the Indenture Trustee for the benefit of the Holders of the Benefited Notes, all amounts paid by the Counterparty under the Cap Contract.

  • The Cap Contract Administrator hereby agrees to perform the calculations necessary to distribute payments in accordance with this Section 4.

  • The Cap Contract Administrator shall, absent manifest error, be entitled to rely on information provided by the Indenture Trustee and the Counterparty.

  • Such indemnity shall survive the termination of this Agreement or the resignation of the Cap Contract Administrator hereunder.

  • The Cap Contract Administrator shall perform such calculations based on (x) the Note Principal Balance of the Benefited Notes provided by the Indenture Trustee pursuant to the Indenture and (y) the Notional Balances, Day Count Fractions and values of LIBOR provided by the Counterparty pursuant to the Cap Contract.

  • CHL and the Indenture Trustee desire to appoint the Cap Contract Administrator, and the Cap Contract Administrator desires to accept such appointment, to distribute funds received under the Cap Contract to the Indenture Trustee and to CHL as provided in this Agreement.

  • The Cap Contract Administrator shall establish and maintain a Cap Contract Account into which the Cap Contract Administrator shall deposit or cause to be deposited on the Business Day of receipt, all amounts payable by the Counterparty under the Cap Contract.

  • The Cap Contract Administrator shall give at least 30 days' advance notice to CHL and the Indenture Trustee of any proposed change of location of the Cap Contract Account prior to any change thereof.

  • The Cap Contract Administrator agrees to exercise the rights referred to above for the benefit of CHL and the Indenture Trustee on behalf of the Holders of the Benefited Notes and to perform the duties set forth in this Agreement.

  • The Cap Contract Administrator accepts such appointment and acknowledges the assignment to it of CHL's rights under the Cap Contract pursuant to the Assignment Agreement.