Class B Cap Rate definition

Class B Cap Rate means [●]%.]

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Class B Cap Rate means [____]% per annum. ----------------

Class B Cap Rate means 9.34% per annum.

Examples of Class B Cap Rate in a sentence

• Each of the Interest Rate Caps provides that (i) the Trust shall not be required to make any payments thereunder and (ii) the Trust shall be entitled to receive a payment (determined in accordance with the respective Interest Rate Cap) from the Interest Rate Cap Provider on or prior to each Transfer Date if LIBOR plus 0.[ ]% for the related Interest Accrual Period exceeds the Class A Cap Rate or LIBOR plus 0.[ ]% for the related Interest Accrual Period exceeds the Class B Cap Rate.

• Each of the Interest Rate Caps provides that (i) the Trust shall not be required to make any payments thereunder and (ii) the Trust shall be entitled to receive a payment (determined in accordance with the respective Interest Rate Cap) from the Interest Rate Cap Provider on or prior to each Transfer Date if LIBOR plus [____]% for the related Interest Accrual Period exceeds the Class A Cap Rate or LIBOR plus [____]% for the related Interest Accrual Period exceeds the Class B Cap Rate.

• Each of the Interest Rate Caps provides that (i) the Trust shall not be required to make any payments thereunder and (ii) the Trust shall be entitled to receive a payment (determined in accordance with the respective Interest Rate Cap) from the Interest Rate Cap Provider on or prior to each Transfer Date if LIBOR plus 0.14% for the related Interest Accrual Period exceeds the Class A Cap Rate or LIBOR plus 0.34% for the related Interest Accrual Period exceeds the Class B Cap Rate.

• Each of the Interest Rate Caps provides that (i) the Trust shall not be required to make any payments thereunder and (ii) the Trust shall be entitled to receive a payment (determined in accordance with the respective Interest Rate Cap) from the Interest Rate Cap Provider on or prior to each Transfer Date if LIBOR plus 0.13% for the related Interest Accrual Period exceeds the Class A Cap Rate or LIBOR plus 0.33% for the related Interest Accrual Period exceeds the Class B Cap Rate.

• Each of the Interest Rate Caps provides that (i) the Trust shall not be required to make any payments thereunder and (ii) the Trust shall be entitled to receive a payment (determined in accordance with the respective Interest Rate Cap) from the Interest Rate Cap Provider on or prior to each Transfer Date if LIBOR plus [_____]% for the related Interest Accrual Period exceeds the Class A Cap Rate or LIBOR plus [_____]% for the related Interest Accrual Period exceeds the Class B Cap Rate.

• Each of the Interest Rate Caps provides that (i) the Trust shall not be required to make any payments thereunder and (ii) the Trust shall be entitled to receive a payment (determined in accordance with the respective Interest Rate Cap) from the Interest Rate Cap Provider on or prior to each Transfer Date if LIBOR plus 0.29% for the related Interest Accrual Period exceeds the Class A Cap Rate or LIBOR plus 0.58% for the related Interest Accrual Period exceeds the Class B Cap Rate.

• Each of the Interest Rate Caps provides that (i) the Trust shall not be required to make any payments thereunder and (ii) the Trust shall be entitled to receive a payment (determined in accordance with the respective Interest Rate Cap) from the Interest Rate Cap Provider on or prior to each Transfer Date if LIBOR plus [ %] for the ---- related Interest Accrual Period exceeds the Class A Cap Rate or LIBOR plus [____%] for the related Interest Accrual Period exceeds the Class B Cap Rate.