Group 2 Cap Agreement definition

Group 2 Cap Agreement. The interest rate cap agreement dated as of June 29, 2007, entered into between the Trustee for the benefit of the Class II-A3 and Class II-A4 Certificates and the Group 2 Cap Counterparty, which agreement provides for the monthly payment specified therein for deposit into the Pool 2 Basis Risk Reserve Fund (for the benefit of the Class II-A3 and Class II-A4 Certificates) commencing with the Distribution Date in August 2007 and terminating in (but including the Distribution Date in) June 2015, by the Group 2 Cap Counterparty, but subject to the conditions set forth therein, including the 1992 ISDA Master Swap Agreement (Multi-Currency Cross Border), together with any schedules, confirmations, Credit Support Annex or other agreements relating thereto, attached hereto as Exhibit N-4. Group 2 Cap Counterparty: ▇▇▇▇▇▇ Brothers Special Financing Inc., or any successor thereto.
View Source
Group 2 Cap Agreement. The interest rate cap agreement transaction evidenced by the related Confirmation, with respect to the Class 2A1, Class 2A2, Class 2A3SS and Class 2A3MZ Notes.
View Source
Group 2 Cap Agreement. The interest rate cap agreement dated as of February 28, 2007, entered into between the Trustee on behalf of the Supplemental Interest Trust (for the benefit of the Certificateholders of the Group 2 Certificates) and the Cap Counterparty, which agreement provides for the monthly payment specified therein, to the Supplemental Interest Trust for deposit into the Group 2 Cap Account (for the benefit of the Certificateholders of the Group 2) commencing with the Distribution Date in March 2008 and terminating in (but including the Distribution Date in) February 2012, by the Cap Counterparty, but subject to the conditions set forth therein, including the 1992 ISDA Master Swap Agreement (Multi-Currency Cross Border), together with any schedules, confirmations, Credit Support Annex or other agreements relating thereto, attached hereto as Exhibit N-4.
View Source

Examples of Group 2 Cap Agreement in a sentence

  • Concurrently with the execution of this Agreement, the Group 2 Cap Agreement shall be delivered to the Trustee.

  • Upon the designation of an “Early Termination Date” as defined in the Group 2 Cap Agreement, the payment required to be made by the Group 2 Cap Counterparty to the Trust Fund pursuant to the terms of the Group 2 Cap Agreement, and any unpaid amounts due from prior payment dates and accrued interest thereon as provided in the Group 2 Cap Agreement, as calculated by the Group 2 Cap Counterparty and furnished to the Trustee.

  • Amounts on deposit in the Group 2 Cap Replacement Receipts Account shall be held for the benefit of the Group 2 Cap Counterparty and paid to the Group 2 Cap Counterparty if the Trust Fund is required to make a payment to the Group 2 Cap Counterparty following an event of default or termination event with respect to the Trust Fund under the Group 2 Cap Agreement.

  • The Trustee shall have no duty or responsibility to enter into any other interest rate cap agreement upon the expiration or termination of the Group 2 Cap Agreement.

  • The Seller, the Master Servicer, the Depositor, the Servicers and the Class II-A3 and Class II-A4 Certificateholders (by their acceptance of such Certificates) acknowledge and agree that the Trustee is executing and delivering the Group 2 Cap Agreement solely in its capacity as Trustee of the Trust Fund and not in its individual capacity.

  • 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.

  • In connection therewith, the Depositor hereby directs the Trustee (solely in its capacity as such) and the Trustee is hereby authorized to execute and deliver the Group 2 Cap Agreement for the benefit of the Class II-A3 and Class II-A4 Certificateholders.

  • 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.

  • In addition, the Trustee shall hold the Group 2 Cap Agreement as an asset in the Pool 1 Basis Risk Reserve Fund.

  • The Group 1 Cap Agreement, the Group 2 Cap Agreement or the Subordinate Cap Agreement, as applicable.


More Definitions of Group 2 Cap Agreement

Group 2 Cap Agreement. The interest rate cap agreement dated as of May 31, 2007, entered into between the Trustee for the benefit of the Class WF-1 Certificates and the Group 2 Cap Counterparty, which agreement provides for the monthly payment specified therein for deposit into the Pool 2 Basis Risk Reserve Fund (for the benefit of the Class WF-1 Certificateholders) commencing with the Distribution Date in July 2007 and terminating in (but including the Distribution Date in) July 2010, by the Group 2 Cap Counterparty, but subject to the conditions set forth therein, including the 1992 ISDA Master Swap Agreement (Multi-Currency Cross Border), together with any schedules, confirmations, Credit Support Annex or other agreements relating thereto, attached hereto as Exhibit N-3. Group 2 Cap Counterparty: ▇▇▇▇▇▇ Brothers Special Financing Inc., or any successor thereto.
View Source