Cap Strike Rate definition

Cap Strike Rate. For any Distribution Date, the amount set forth under the heading “Strike Rate” in Schedule 1 of the Prospectus.

Cap Strike Rate means 3.25%, or such other applicable “cap strike rate” approved by Agent and specified as such in the applicable Hedging Agreement in effect at such time.

Cap Strike Rate. With respect to the Class 2-A-1 Certificates, 5.40% per annum, with respect to the Class 2-A-4 Certificates, 5.40% per annum and with respect to the Class 4-A-3 Certificates, 4.90% per annum.

Examples of Cap Strike Rate in a sentence

• The notional amount of the Interest Rate Cap Agreement may be reduced from time to time in amounts equal to any prepayment of the principal of the Loan made in accordance with the Loan Documents, provided that the strike rate shall be equal to the LIBOR Cap Strike Rate.

• The Interest Rate Cap Agreement shall have a strike rate equal to the LIBOR Cap Strike Rate.

• The Interest Rate Cap Agreement during both the Initial Term (if required) and the Extension Term shall have a strike rate equal to the LIBOR Cap Strike Rate.

• Synonyms• Borrowers• Borrower's C Cap Strike Rate Maximum specified Index interest rate that will trigger apayment obligation by the Interest Rate Cap provider.

• In addition, neighbour notification letters were sent to 44 neighbouring properties.

More Definitions of Cap Strike Rate

Cap Strike Rate. With respect to any Distribution Date and the Yield Maintenance Agreement, the applicable percentage in the schedule set forth in Exhibit O for such Distribution Date.

Cap Strike Rate. With respect to any Distribution Date and the Class A-1 Yield Maintenance Agreement, the rate set forth under the heading “Cap Strike Rate” in Exhibit U; with respect to any Distribution Date and the Class A-3 Yield Maintenance Agreement, the rate set forth under the heading “Cap Strike Rate” in Exhibit U-1; and with respect to any Distribution Date and the Class A-4 Yield Maintenance Agreement, the rate set forth under the heading “Cap Strike Rate” in Exhibit U-2.

Cap Strike Rate. For any Distribution Date, the amount set forth under the heading “Strike Rate” in Annex III of the Prospectus Supplement.

Cap Strike Rate. With respect to the Yield Maintenance Agreement and the applicable Distribution Date, the rate specified in Exhibit V under the heading “Cap Strike Rate” for that Distribution Date.

Cap Strike Rate. With respect to any Distribution Date and the Class 1-A1 Yield Maintenance Agreement, the rate set forth under the heading "Cap Strike Rate" in Exhibit U.

Cap Strike Rate. With respect to the Class A-2-B Yield Maintenance Agreement and the applicable Distribution Date, the rate specified in Schedule I to Exhibit U-1 under the heading "Strike" for that Distribution Date.

Cap Strike Rate. With respect to the Class 3-A-1 Certificates, 4.800% per annum.