Cap Rate definition

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. With respect to any Calculation Period, the amount set forth for such period on Schedule I attached hereto Floating Rate Payer The 25th calendar day of each month during the Period End Dates: 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 Early payment shall be applicable. The Floating Payment Dates: 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 8.93%, then the Floating Rate Option for such Calculation Period shall be deemed 8.93%.

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.

Examples of Cap Rate in a sentence

For any Distribution Date and this Certificate, the Formula Rate is the lesser of (a) One-Month LIBOR plus the Certificate Margin and (b) the Maximum Cap Rate.
Borrower Qualification Numeric – Integer 3 99 Always See Coding 1 = Start Rate 2 = First Year Cap Rate 3 = I/O Amount 4 = Fully Indexed 5 = Min Payment 98 = Other 99 = Unknown 119 City The name of the city.
For any Distribution Date and this Certificate, the Formula Rate is the lesser of (i) One-Month LIBOR plus the Certificate Margin and (ii) the Maximum Cap Rate.
Cap Rate and percentage to be proportionally allocated over one year.
If related component is not selected, the final rate will be Cap Rate minus the spread part.

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 means, at any time, the greater of (a) seven and one-quarter percent (7.25%), and (b) the “Cap Rate” as such term (or any equivalent term howsoever defined) is defined in the AIG Note Purchase Agreement, the Barings Note Purchase Agreement, the MetLife Note Purchase Agreement, the Prudential Note Purchase Agreement or any other Material Credit Facility, as the case may be.

Cap Rate means the Treasury Rate plus 2.8%.

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 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.