Cap Contracts definition

Cap Contracts means (i) the Cap Contract between the Trustee and the counterparty named thereunder, for the benefit of the Holders of the Class A-1 Certificates, the Mezzanine Certificates and the Class B Certificates (the "Group I Cap Contract") and (ii) the Cap Contract between the Trustee and the counterparty thereunder, for the benefit of the Class A-2 Certificates, the Mezzanine Certificates and the Class B Certificates (the "Group II Cap Contract").

Cap Contracts. Collectively, the Class A Cap Contract and the Mezzanine Cap Contract.

Cap Contracts means the Group I Cap Contract and the Group II Cap Contract.

Examples of Cap Contracts in a sentence

• Any funds payable by the Trustee under the Cap Contracts at closing shall be paid by the Depositor.

• In addition to the sale of the Mortgage Loans, the Seller will cause the Cap Contracts to be transferred to the Purchaser.

• Notwithstanding anything to the contrary contained herein or in the Cap Contracts, the Trustee shall not be required to make any payments to the counterparty under the Cap Contracts.

• Every provision of this Agreement relating to the conduct or affecting the liability of or affording protection to the Trustee shall apply to the Trustee's execution of the Cap Contracts, and the performance of its duties and satisfaction of its obligations thereunder.

• The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans and payments received pursuant to the Swap Agreement and the Cap Contracts, all as more specifically set forth herein and in the Agreement.

More Definitions of Cap Contracts

Cap Contracts. The interest rate corridors between Deutsche Bank National Trust Company, as Trustee, and the counterparty thereunder, for the benefit of the Holders of (i) the Group I Certificates, (ii) the Group II Certificates and (iii) the Mezzanine Certificates, collectively, forms of which are attached hereto as Exhibit H.

Cap Contracts. Collectively, the Class AV-2 Cap Contract, the Group II Cap Contract and the Mezzanine Cap Contract.

Cap Contracts. The Class 1-A Cap Contract, Class 2-A Cap Contract and Subordinated Cap Contract.

Cap Contracts. The cap contracts between Deutsche Bank National Trust Company, as Trustee and the counterparty thereunder, one of which is for the benefit of the Holders of the Class A-2 Certificates, the Class A-3 Certificates and the Mezzanine Certificates and one of which is for the benefit of the Holders of the Class A-4 Certificates and the Mezzanine Certificates, forms of which are attached hereto as Exhibit H.

Cap Contracts. Collectively, the Group I Cap Contract, the Group II Cap Contract and the Mezzanine Cap Contract.

Cap Contracts. Cap Contract I and Cap Contract II.

Cap Contracts. The Group I Cap Contract, the Group II Cap Contract and the Mezzanine Cap Contract in the forms attached hereto as Exhibit L.