Cap Rate. For each Calculation Period, as set forth for such period on Schedule I attached hereto. Floating Rate for initial Calculation Period: To be determined Floating Rate Day Count Fraction: Actual/360 Floating Rate Option: USD-LIBOR-BBA, provided, however, if the Floating Rate Option for a Calculation Period is greater than 10.00% then the Floating Rate Option for such Calculation Period shall be deemed equal to 10.00%.

Cap Rate means, for each Mortgaged Property, a capitalization rate reasonably selected by the Lender for use in determining the Valuations, as disclosed to the Borrower from time to time.

Cap Rate. With respect to any Calculation Period, the rate set forth for such period as detailed in Schedule I attached hereto. Floating Rate Payer Period End Dates: The 25th calendar day of each month during the Term of this Transaction, commencing April 25, 2007 and ending on the Termination Date, subject to adjustment in accordance with the Business Day Convention. Floating Rate Payer Payment Dates: Early Payment shall be applicable. The Floating Rate Payer Payment Dates shall be one Business Day preceding each Floating Rate Payer Period End Date. Floating Rate for initial Calculation Period: To be determined. Floating Rate Option: USD-LIBOR-BBA; provided, however, that if the Floating Rate Option for any Calculation Period is greater than 9.56400% then the Floating Rate Option for such Calculation Period shall be deemed to be 9.56400%.

Examples of Cap Rate in a sentence

Maximum EU Guarantee Rate 70% Cap Rate The indicative Cap Rate is XXX %, the maximum Cap Rate is XXX %.
Notes where a Maximum Rate of Interest or Cap Rate or Cap % applies to a particular Interest Basis, have an interest rate that is subject to a maximum specified rate.

More Definitions of Cap Rate

Cap Rate. With respect to any Calculation Period, the amount set forth for such period on Schedule I attached hereto Floating Rate Payer Period End Dates: The 25th calendar day of each month during the Term of this Transaction, commencing February 25, 2007, and ending on the Termination Date subject to adjustment in accordance with the Business Day Convention. Floating Rate Payer Payment Dates: Early payment shall be applicable. The Floating Rate Payer Payment Date shall be two (2) Business Days prior to each Period End Date, commencing on February 22, 2007 Floating Rate Option: USD-LIBOR-BBA; provided, however, for any Calculation Period, if the Floating Rate Option is greater than 10.35%, then the Floating Rate Option for such Calculation Period shall be deemed 10.35%.

Cap Rate. With respect to the Yield Maintenance Agreement, the rates set forth therefor in Exhibit O. Certificate: Any one of the certificates of any Class executed and authenticated by the Trustee in substantially the forms attached hereto as Exhibits A-1 through A-5.

Cap Rate means seven and three-quarters percent (7.75%).

Cap Rate. With respect to any Calculation Period, the rate set forth for such period in the Schedule of Notional Amounts attached hereto. Floating Rate Payer Period End Dates: The 25th calendar day of each month during the Term of this Transaction, commencing April 25, 2007 and ending on the Termination Date, subject to adjustment in accordance with the Business Day Convention. Floating Rate Payer Payment Dates: Early Payment shall be applicable. One Business Day preceding each Floating Rate Payer Period End Date. Floating Rate Option: USD-LIBOR-BBA, provided, however, that if the Floating Rate determined from such Floating Rate Option for any Calculation Period is greater than 9.00000% then the Floating Rate for such Calculation Period shall be deemed to be 9.00000%.

Cap Rate means the Treasury Rate plus 2.8%.

Cap Rate means the interest rate set out in a Loan Details Area and identified or described as such, and also means such rate as changed in accordance with the terms of the Mortgage or by agreement between you and us.