Examples of Group 1 Cap Agreement in a sentence
In addition, the Trustee shall hold the Group 1 Cap Agreement as an asset in the Pool 1 Basis Risk Reserve Fund.
Concurrently with the execution of this Agreement, the Group 1 Swap Agreement and the Group 1 Cap Agreement shall be delivered to the Trustee.
Amounts on deposit in the Group 1 Cap Replacement Receipts Account shall be held for the benefit of the Group 1 Cap Counterparty and paid to the Group 1 Cap Counterparty if the Supplemental Interest Trust is required to make a payment to the Group 1 Cap Counterparty following an event of default or termination event with respect to the Supplemental Interest Trust under the Group 1 Cap Agreement.
The Trustee shall have no duty or responsibility to enter into any other interest rate swap agreement or interest rate cap agreement upon the expiration or termination of the Group 1 Swap Agreement and the Group 1 Cap Agreement.
If the ERISA-Restricted Trust Certificate is a Book-Entry Certificate prior to the termination of the Group 1 Swap Agreement and the Group 1 Cap Agreement, the transferee will be deemed to have made a representation as provided in clause (i) or (ii) of this paragraph, as applicable.
Any amounts not so applied shall, following the termination or expiration of the Group 1 Cap Agreement, be paid to the Class I-X Certificates.
Credit Support Annex: Each credit support annex, if any, to the Group 1 Swap Agreement, the Group 1 Cap Agreement, the Balance Guaranteed Cap Agreement or the Group 2 Cap Agreement, each dated as of June 29, 2007, and each between either the Supplemental Interest Trust or the Trustee on behalf of the Trust Fund and the Group 1 Swap Counterparty, the Group 1 Cap Counterparty, the Balance Guaranteed Cap Counterparty or the Group 2 Cap Counterparty, as applicable.
Notwithstanding anything else to the contrary herein, prior to the termination of the Group 1 Swap Agreement and the Group 1 Cap Agreement, any purported transfer of an ERISA-Restricted Trust Certificate on behalf of a Plan without the delivery to the Trustee of a representation letter as described above shall be void and of no effect.
The Seller, the Master Servicer, the Depositor, the Servicer and the Holders of the Group 1 Senior Certificates (by their acceptance of such Certificates) acknowledge and agree that the Trustee is executing and delivering the Group 1 Swap Agreement and the Group 1 Cap Agreement solely in its capacity as trustee of the Supplemental Interest Trust, and not in its individual capacity.
The Trustee shall not be responsible for the legality or validity of this Agreement, any Servicing Agreement, any Custodial Agreement, the Group 1 Cap Agreement, the Group 1 Swap Agreement, the Balance Guaranteed Cap Agreement or the Group 2 Cap Agreement or the validity, priority, perfection or sufficiency of the security for the Certificates, the Pooling REMIC I Regular Interests or the Pooling REMIC II Regular Interests issued or intended to be issued hereunder.