Class A Interest Rate Cap definition

Class A Interest Rate Cap means the master agreement dated as of ------------------------- April ___, 1998 between the Trustee and the Interest Rate Cap Provider, as supplemented by the schedule attached thereto and the confirmation dated April ___, 1998 between the Trustee and the Interest Rate Cap Provider, relating to the Class A Certificates and for the exclusive benefit of the Class A Certificateholders, or (unless context requires otherwise) any Replacement Interest Rate Cap or Qualified Substitute Arrangement with respect thereto, as the same may in each case be amended, supplemented or otherwise modified from time to time in accordance with its terms upon ratings confirmation by the Rating Agency.
Sample 1
Class A Interest Rate Cap means the master agreement dated as of ------------------------- March [__], 1997 between the Trustee and the Interest Rate Cap Provider, as supplemented by the schedule attached thereto and the confirmation dated on or prior to March [__], 1997 between the Trustee and the Interest Rate Cap Provider, relating to the Class A Certificates and for the exclusive benefit of the Class A Certificateholders, or (unless context requires otherwise) any Replacement Interest Rate Cap or Qualified Substitute Arrangement.
Sample 1
Class A Interest Rate Cap means (i) the master agreement ------------------------- dated as of November 28, 2000 between the Bank and the Interest Rate Cap Provider, as supplemented by the schedule attached thereto (or any master agreement and schedule thereto entered into between the Transferor and the Interest Rate Cap Provider with prior written notice to the Rating Agencies) and (ii) the confirmation dated as of November 28, 2000 between the Bank (or the Transferor as assignee of the Bank) and the Interest Rate Cap Provider, relating to the Class A Certificates and for the exclusive benefit of the Class A Certificateholders, or any Replacement Interest Rate Cap or Qualified Substitute Arrangement."
Sample 1

Examples of Class A Interest Rate Cap in a sentence

  • Payments pursuant to the Class A Interest Rate Cap will be deposited in the Distribution Account for payment to the Class A Certificateholders on the following Distribution Date.

  • The Transferor does hereby transfer, assign, set-over, and otherwise convey to the Trustee for the benefit of the Class A Certificateholders and the Class B Certificateholders, without recourse, all of its rights under the Class A Interest Rate Cap and the Class B Interest Rate Cap, respectively, and all proceeds thereof.

  • The Class A Interest Rate Cap or its Replacement Interest Rate Cap or Qualified Substitute Arrangement will terminate on the day immediately following the Class A Scheduled Payment Date.

  • The Trustee has entered into the Class A Interest Rate Cap with the Interest Rate Cap Provider for the exclusive benefit of the Class A Certificateholders.

  • On each Transfer Date that the Class A Certificate Rate for the related Interest Accrual Period exceeds the Class A Cap Rate, the Interest Rate Cap Provider will make a payment to the Trustee, on behalf of the Trust, based on the amount of such excess and the notional amount of the Class A Interest Rate Cap.

  • Pursuant to the Class A Interest Rate Cap Agreement and the Class B Interest Rate Cap Agreement, on each Deposit Date the Class A Cap Provider shall deposit into the Distribution Account the Class A Cap Receipt, and the Class B Cap Provider shall deposit into the Distribution Account the Class B Cap Receipt, if any.

  • Each of the Class A Interest Rate Cap and the Class B Interest Rate Cap provides that it will terminate on the earlier of the day the outstanding principal balance of the Class A Certificates or the Class B Certificates, as applicable, is reduced to zero and the day following the Stated Series Termination Date.

  • For its duration, the Class A Interest Rate Cap pays the Trust the product of (i) the difference between the then current 1-month LIBOR rate (not to exceed the cap ceiling) and the cap strike (on an actual/360 day count basis) and (ii) the Class A Interest Rate Cap Notional Balance (the "Class A Interest Rate Cap Payment") as described on the schedule herein.

  • The strike rate of each Class A Interest Rate Cap shall not be greater than 5.0%.

  • Each Class A Interest Rate Cap shall have a term of at least until the Class A Expected Final Payment Date.


More Definitions of Class A Interest Rate Cap

Class A Interest Rate Cap means the master agreement dated as of September 24, 1997 between the Trustee and the Interest Rate Cap Provider, as supplemented by the schedule attached thereto and the confirmation dated September 24, 1997 between the Trustee and the Interest Rate Cap Provider, relating to the Class A Certificates and for the exclusive benefit of the Class A Certificateholders, or (unless context requires otherwise) any Replacement Interest Rate Cap or Qualified Substitute Arrangement with respect thereto, as the same may in each case be amended, supplemented or otherwise modified from time to time in accordance with its terms upon ratings confirmation by the Rating Agency.
Sample 1
Class A Interest Rate Cap means any interest rate cap entered into in accordance with the provisions of Section 3.12(a) of this Series Supplement, including, without limitation, the Class A Interest Rate Cap Documents with respect thereto; provided that for the avoidance of doubt each Class A Interest Rate Cap shall constitute a “Series-Specific Swap Agreement”, but shall not constitute a “Swap Agreement” for all purposes under the Base Indenture or any other Related Document.
Sample 1
Class A Interest Rate Cap. For any Distribution Date and any of the Class A-1, Class A-2 or Class A-3 Certificates, the lesser of (i) 11% per annum and (ii) (a) through the applicable Accrual Period for any such Class relating to the Distribution Date in December 2005, the Adjusted Weighted Average Net Rate Cap and (b) thereafter, (x) for the Class A-1 Certificates, the Group 1 Net Rate Cap and (y) for the Class A-2 or Class A-3 Certificates, the Group 2 Net Rate Cap.
Sample 1
Class A Interest Rate Cap means the master agreement dated as ------------------------- of [____________], 2000 between the Trust and the Interest Rate Cap Provider, as supplemented by the schedule attached thereto and the confirmation dated as of [____________], 2000 between the Trust and the Interest Rate Cap Provider, relating to the Class A Certificates and for the exclusive benefit of the Class A Certificateholders, or any Replacement Interest Rate Cap or Qualified Substitute Arrangement.]
Sample 1
Class A Interest Rate Cap means the master agreement dated as of ------------------------- [September , 1997] between the Trustee and the Interest Rate Cap Provider, as -- supplemented by the schedule attached thereto and the confirmation dated [September , 1997] between the Trustee and the Interest Rate Cap Provider, -- relating to the Class A Certificates and for the exclusive benefit of the Class A Certificateholders, or (unless context requires otherwise) any Replacement Interest Rate Cap or Qualified Substitute Arrangement with respect thereto, as the same may in each case be amended, supplemented or otherwise modified from time to time in accordance with its terms upon ratings confirmation by the Rating Agency.
Sample 1

Related to Class A Interest Rate Cap

  • Class A Interest Rate has the meaning assigned to such term in the Indenture.

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

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

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

  • Class E Interest Rate means 5.02% per annum (computed on the basis of a 360-day year of twelve 30-day months).

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

  • Class A-2-B Interest Rate means LIBOR + 0.27% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but assuming a 360 day year); provided, however, that for any Interest Period for which the sum of LIBOR + 0.27% is less than 0.00%, the Class A-2-B Interest Rate shall be deemed to be 0.00%.

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

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

  • Class A Interest Distribution Amount means, as to each Class of Class A Certificates and any Remittance Date, the sum of the amounts specified in clause (a)(i), (a)(ii), (a)(iii), (a)(iv), (a)(v) and (a)(vi), as appropriate, of the definition of the term "Class A Formula Distribution Amount" and the Unpaid Class A Interest Shortfall, if any, with respect to such Class.

  • Class A Interest Distributable Amount means, with respect to any Distribution Date and each class of Class A Notes, an amount equal to the sum of: (i) the aggregate amount of interest accrued on the Class A Notes at the related Note Rate from and including the preceding Distribution Date (or, in the case of the initial Distribution Date, from and including the Closing Date) to but excluding the current Distribution Date plus (ii) the related Class A Interest Carryover Shortfall for the current Distribution Date.

  • 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-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.

  • Mortgage Interest Rate Cap With respect to an Adjustable Rate Mortgage Loan, the limit on each Mortgage Interest Rate adjustment as set forth in the related Mortgage Note.

  • Class A Note Interest Rate means a per annum rate of [ ]% [in excess of LIBOR as determined on the LIBOR Determination Date for the applicable Interest Period].

  • Class A-1 Note Interest Rate means a rate per annum equal to 0.64000%.

  • Interest Rate Cap means any interest rate cap transaction entered into pursuant to the Agreement between Party A and Party B as evidenced by a Confirmation;

  • 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.

  • Current Class A Interest Distribution Amount As to any Distribution Date, the amount distributed in respect of the Classes of Class A Certificates pursuant to Paragraph first of Section 4.01(a) on such Distribution Date.

  • Periodic Interest Rate Cap As to each adjustable rate Mortgage Loan, the maximum increase or decrease in the Mortgage Interest Rate on any Adjustment Date pursuant to the terms of the Mortgage Note.

  • Class A-2 Note Interest Rate means a rate per annum equal to %.

  • Class B Note Interest Rate means a per annum rate of [ ]% [in excess of LIBOR as determined on the LIBOR Determination Date for the applicable Interest Period].

  • Class C Note Interest Rate means a per annum rate of [ ]% [in excess of LIBOR as determined on the LIBOR Determination Date for the applicable Interest Period].