Class A-2FL Floating Rate Account definition

Class A-2FL Floating Rate Account. The trust account or accounts created and maintained as a separate account or accounts (or as a subaccount of the Distribution Account) by the Trustee pursuant to Section 3.04(b), which shall be entitled "LaSalle Bank National Association, as Trustee, in trust for the registered Holders of J.P. Morgan Chase Commercial Mortgage Securities Trust 2007-LDP11 Commexxxxx Xxxxxage Pass Through Certificates, Series 2007-LDP11 Class A-2FL Certificates, Class A-2FL Floating Rate Account," and which must be an Eligible Account (or a subaccount of an Eligible Account). The Floating Rate Account shall not be an asset of either the Lower-Tier REMIC or the Upper-Tier REMIC formed hereunder.
Sample 1Sample 2
Class A-2FL Floating Rate Account means a segregated custodial account or accounts or subaccount of the Collection Account created and maintained by the Trustee, pursuant to Section 3.04(f), in trust for the Class A-2FL Certificateholders and the Class A-2FL Swap Counterparty, as their interests may appear, which shall be entitled "[NAME OF TRUSTEE], as Trustee, in trust for the registered holders of LB Commercial Mortgage Trust 2007-C3, Class A-2FL Commercial Mortgage Pass-Through Certificates, Series 2007-C3, and [NAME OF CLASS A-2FL SWAP COUNTERPARTY], as their interests may appear, Class A-2FL Floating Rate Account". Any such account or subaccount shall be an Eligible Account or a subaccount of an Eligible Account.
Sample 1Sample 2
Class A-2FL Floating Rate Account. The trust account or accounts created and maintained as a separate account or accounts (or as a subaccount of the Distribution Account) by the Swap Trustee in the Class A-2FL Grantor Trust pursuant to Section 3.04(c), which shall be entitled "Wells Fargo Bank, N.A., as Trustee, in trust for the registered holders xx Xanc of America Commercial Mortgage Inc., Commercial Mortgage Pass-Through Certificates, Series 2007-3, Class A-2FL Certificates, Class A-2FL Floating Rate Account", and which must be an Eligible Account (or a subaccount of an Eligible Account). The Class A-2FL Floating Rate Account shall not be an asset of either REMIC I or REMIC II.
Sample 1

Examples of Class A-2FL Floating Rate Account in a sentence

  • Funds in each of the Class A-2FL Floating Rate Account, the Class A-4FL Floating Rate Account, the Class A-MFL Floating Rate Account and the Class A-JFL Floating Rate Account shall be held saparate and apart from, and shall not be commingled with any other funds, including without limitation, funds held by the Trustee pursuant to this Agreement.

  • No later than the Closing Date, the Trustee (as Grantor Trust Trustee) shall establish and maintain each of the Class A-2FL Floating Rate Account, the Class A-4FL Floating Rate Account, the Class A-MFL Floating Rate Account and the the Class A-JFL Floating Rate Account pursuant to and in accordance with the terms of Section 3.04(f).

  • Section 3.04 Certificate Account, Distribution Account, REMIC I Distribution Account, REMIC II Distribution Account, Excess Interest Distribution Account, Excess Liquidation Proceeds Account, Class A-2FL Floating Rate Account, Class A-JFL Floating Rate Account, Interest Reserve Account and Whole Loan Custodial Account....................

  • GeoPark Argentina is a validly existing as a branch in the Argentine Republic, and registered with all relevant registration bodies of the Argentine Republic necessary for it to operate as a branch in the Argentine Republic.

  • No later than the Closing Date, the Trustee (as Grantor Trust Trustee) shall establish and maintain the Class A-2FL Floating Rate Account pursuant to and in accordance with the terms of Section 3.04(f).

  • No later than the Closing Date, the Trustee (as Grantor Trust Trustee) shall establish and maintain each of the Class A-2FL Floating Rate Account and the Class A-MFL Floating Rate Account pursuant to and in accordance with the terms of Section 3.04(f).

  • Section 3.04 Certificate Account, Distribution Account, REMIC I Distribution Account, REMIC II Distribution Account, Excess Liquidation Proceeds Account, Class A-2FL Floating Rate Account, Class A-MFL Floating Rate Account, Interest Reserve Account and Serviced Whole Loan Custodial Account......................................

  • Section 3.06 Investment of Funds in the Certificate Account, the Interest Reserve Account, the Excess Interest Distribution Account, the REMIC I Distribution Account, the REMIC II Distribution Account, the Excess Liquidation Proceeds Account, the Class A-2FL Floating Rate Account, the Class A-JFL Floating Rate Account and the REO Account.............................................

  • Funds in the Class A-2FL Floating Rate Account shall be held separate and apart from, and shall not be commingled with, any other funds, including, without limitation, funds held by the Trustee pursuant to this Agreement.

  • This Certificate represents a beneficial interest in a portion of a grantor trust under subpart E, part I of subchapter J of the Internal Revenue Code of 1986, as amended (the “Code”), which portion consists of a percentage interest in the Class A-2FL/2FX Regular Interest, a “regular interest” in a “real estate mortgage investment conduit”, as those terms are defined, respectively, in Sections 860G(a)(1) and 860D of the Code, the related Swap Contract and the Class A-2FL Floating Rate Account.


More Definitions of Class A-2FL Floating Rate Account

Class A-2FL Floating Rate Account means a segregated custodial account or accounts or sub-account of the Collection Account created and maintained by the Trustee, pursuant to Section 3.04(f), in trust for the Class A-2FL Certificateholders and the Class A-2FL Swap Counterparty, as their interests may appear, which shall be entitled "[NAME OF TRUSTEE], as Trustee, in trust for the registered holders of LB-UBS Commercial Mortgage Trust 2007-C6, Class A-2FL Commercial Mortgage Pass-Through Certificates, Series 2007-C6, and the Class A-2FL Swap Counterparty, as their interests may appear, Class A-2FL Floating Rate Account". Any such account or sub-account shall be an Eligible Account or a sub-account of an Eligible Account.
Sample 1
Class A-2FL Floating Rate Account. The segregated non-interest bearing trust account or accounts created and maintained as a separate account or accounts by the Certificate Administrator (on behalf of the Trustee for the benefit of the Class A-2FL Certificateholders) pursuant to Section 3.04(f) of this Agreement, which shall be entitled “U.S. Bank National Association, as Trustee, for the benefit of the Holders of JPMBB Commercial Mortgage Securities Trust 2013-C15, Commercial Mortgage Pass-Through Certificates, Series 2013-C15, Class A-2FL Floating Rate Account,” and which must be an Eligible Account or a subaccount of an Eligible Account. The Class A-2FL Floating Rate Account shall not be an asset of any Trust REMIC formed hereunder, but rather shall be an asset of the Grantor Trust.
Sample 1
Class A-2FL Floating Rate Account means the Eligible Account or Accounts established and maintained by the Paying Agent and the Master Servicer on behalf of the Trustee with respect to the Class A-2FL Certificates, which shall be entitled "Xxxxx Fargo Bank, National Association, as Paying Agent on behalf of LaSalle Bank National Association, as Trustee, in trust for Holders of Xxxxxx Xxxxxxx Capital I Trust 2007-HQ12, Floating Rate Account, Class A-2FL" and "Xxxxx Fargo Bank, National Association, as Master Servicer for LaSalle Bank National Association, as Trustee for the Holders of Xxxxxx Xxxxxxx Capital I Trust 2007-HQ12, Floating Rate Account, Class A-2FL", respectively; provided, that the Class A-2FL Floating Rate Account may be a subaccount of the Distribution Account or the Certificate Account. The Class A-2FL Floating Rate Account shall be an asset of the Class A-2FL Grantor Trust.
Sample 1

Related to Class A-2FL Floating Rate Account

  • Class A Floating Percentage means, with respect to any Monthly Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is equal to the Class A Adjusted Invested Amount as of the close of business on the last day of the preceding Monthly Period and the denominator of which is equal to the Adjusted Invested Amount as of such day; provided, however, that with respect to the first Monthly Period, the Class A Floating Percentage shall mean the percentage equivalent of a fraction, the numerator of which is the Class A Initial Invested Amount and the denominator of which is the Initial Invested Amount.

  • Class A-3 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Floating Rate Certificates The Class A Certificates and the Mezzanine Certificates.

  • Class A-1 Interest Rate means 0.48000% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but assuming a 360-day year).

  • Class A-4 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-1 Interest Distributable Amount means the amount of interest accrued during the related Interest Period (calculated on the basis of the actual number of days in such Interest Period and a year assumed to consist of 360 days) on the Class A‑1 Principal Balance as of the immediately preceding Payment Date (after giving effect to payments of principal made on such immediately preceding Payment Date) at the Class A‑1 Rate or, in the case of the first Payment Date, on the Class A‑1 Initial Principal Balance.

  • Mid-Swap Floating Leg Benchmark Rate means EURIBOR (if the Specified Currency is euro), LIBOR for the Specified Currency (if the Specified Currency is U.S. dollars, Pounds Sterling or Swiss Francs), CIBOR (if the Specified Currency is Danish Kroner), NIBOR (if the Specified Currency is Norwegian Kroner), STIBOR (if the Specified Currency is Swedish Kronor) or (in the case of any other Specified Currency) the benchmark rate most closely connected with such Specified Currency and selected by the Calculation Agent in its discretion after consultation with the Issuer;

  • Class A-X Notional Amount With respect to any Distribution Date, an amount equal to the aggregate Scheduled Principal Balance of the Non-Discount Mortgage Loans.

  • Class A-4 Interest Distributable Amount means the amount of interest accrued during the related Interest Period (calculated on the basis of a 360 day year consisting of twelve 30 day months) on the Class A‑4 Principal Balance as of the immediately preceding Payment Date (after giving effect to payments of principal made on such immediately preceding Payment Date) at the Class A‑4 Rate or, in the case of the first Payment Date, on the Class A‑4 Initial Principal Balance.

  • Class A-3 Interest Distributable Amount means the amount of interest accrued during the related Interest Period (calculated on the basis of a 360 day year consisting of twelve 30 day months) on the Class A‑3 Principal Balance as of the immediately preceding Payment Date (after giving effect to payments of principal made on such immediately preceding Payment Date) at the Class A‑3 Rate or, in the case of the first Payment Date, on the Class A‑3 Initial Principal Balance.

  • Class C Reserve Account Percentage means, for any Distribution Date on which a condition in the left column of the following table was in effect on the immediately preceding Distribution Date, the percentage in the corresponding right column of the following table (or if more than one conditions were in effect on the immediately preceding Distribution Date, the largest percentage). Condition: The three-month rolling average Excess Spread Percentage is: Class C Reserve Account Percentage:

  • Class A-1 Current Interest As of any Distribution Date, the interest accrued during the related Accrual Period at the Class A-1 Pass-Through Rate on the Class A-1 Certificate Principal Balance as of such Distribution Date plus the portion of any previous distributions on such Class in respect of Current Interest or a Class A-1 Interest Carry Forward Amount that is recovered as a voidable preference by a trustee in bankruptcy, less any Non-Supported Interest Shortfall allocated on such Distribution Date to the Class A-1 Certificates.

  • Class A Interest Accrual Amount As to any Distribution Date, the sum of the Interest Accrual Amounts for the Class A Certificates with respect to such Distribution Date.

  • Class A-2b Interest Rate means LIBOR + 0.16% per annum (computed on the basis of the actual number of days elapsed, but assuming a 360-day year).

  • Class A-2a Interest Rate means 0.45% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class B Floating Percentage means, with respect to any Monthly Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is equal to the Class B Adjusted Invested Amount as of the close of business on the last day of the preceding Monthly Period and the denominator of which is equal to the Adjusted Invested Amount as of the close of business on such day; provided, however, that with respect to the first Monthly Period, the Class B Floating Percentage shall mean the percentage equivalent of a fraction, the numerator of which is the Class B Initial Invested Amount and the denominator of which is the Initial Invested Amount.

  • Class A Principal Distributable Amount means, for any Distribution Date: (A) during the Revolving Period, zero; and (B) during the Amortization Period, an amount equal to the lesser of: (i) Available Funds remaining after payment of the amounts set forth in clauses (i) through (iv) of Section 5.08(a) hereto and (ii) the Class A Note Balance; provided, however, on the Class A Stated Final Maturity Date, the Class A Principal Distributable Amount will equal the Class A Note Balance.

  • Class A Non-PO Optimal Principal Amount As to any Distribution Date, an amount equal to the sum, as to each Outstanding Mortgage Loan, of the product of (x) the Non-PO Fraction with respect to such Mortgage Loan, and (y) the sum of:

  • Class A Floating Allocation means, with respect to any Monthly Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Class A Adjusted Investor Interest as of the close of business on the last day of the preceding Monthly Period and the denominator of which is equal to the Adjusted Investor Interest as of the close of business on such day; provided, however, that, with respect to the first Monthly Period, the Class A Floating Allocation shall mean the percentage equivalent of a fraction, the numerator of which is the Class A Initial Investor Interest and the denominator of which is the Initial Investor Interest.

  • Class A Non-PO Optimal Amount As to any Distribution Date, the sum for such Distribution Date of (i) the Class A Interest Accrual Amount, (ii) the Aggregate Class A Unpaid Interest Shortfall and (iii) the Class A Non-PO Optimal Principal Amount.

  • Class A-1 Pass-Through Rate For any Distribution Date, a per annum rate equal to 2.0840%.

  • Aggregate Class A Interest Distributable Amount With respect to any Distribution Date, the sum of (i) the aggregate of the Note Class Interest Distributable Amount for each class of the Class A Notes as of such Distribution Date and (ii) the Class A Interest Carryover Shortfall as of the close of the preceding Distribution Date.

  • Class A Note Rate means 2.97% per annum.

  • CB Floating Rate means the Prime Rate; provided that the CB Floating Rate shall never be less than the Adjusted One Month LIBOR Rate on such day (or if such day is not a Business Day, the immediately preceding Business Day). Any change in the CB Floating Rate due to a change in the Prime Rate or the Adjusted One Month LIBOR Rate shall be effective from and including the effective date of such change in the Prime Rate or the Adjusted One Month LIBOR Rate, respectively.

  • Class C Current Interest As of any Distribution Date, the interest accrued during the related Accrual Period at the Class C Distributable Interest Rate on a notional amount equal to the aggregate principal balance of the Lower Tier REMIC Regular Interests immediately prior to such Distribution Date, plus the interest portion of any previous distributions on such Class that is recovered as a voidable preference by a trustee in bankruptcy, less any Non-Supported Interest Shortfall allocated on such Distribution Date to the Class C Certificates.