Group I Cap Agreement definition

Group I Cap Agreement. The interest rate cap agreement with respect to the Group I Reserve Fund consisting of the ISDA Master Agreement and the schedule and confirmation thereto, each dated October 4, 2002 between the Trustee, on behalf of the Trust, and the Cap Provider, as such agreement may be amended and supplemented in accordance with its terms and any replacement interest rate cap agreement acceptable to the Trustee.
Sample 1
Group I Cap Agreement. The interest rate cap agreement, dated August 25, 2005, between the Cap Provider and the Securities Administrator, relating to the Group I Certificates.
Sample 1
Group I Cap Agreement. The interest rate cap agreement with respect to the Class I-A Certificates, the Class I-S Certificates, the Group I Mezzanine Components and the Class I-C Certificates consisting of the ISDA Master Agreement and the schedule and confirmation thereto, each dated June 4, 2002 between the Trust Administrator, on behalf of the Trust, and the Cap Provider, as such agreement may be amended and supplemented in accordance with its terms and any replacement interest rate cap agreement acceptable to the Trustee.
Sample 1

Examples of Group I Cap Agreement in a sentence

  • The Trustee shall not designate a Group I Early Termination Date under the Group I Cap Agreement without the consent of the Group I Cap Controlling Person.

  • Home Equity Loan Trust, Series HE4, Asset Backed Pass-Through Certificates, dated as of September 28, 2006 (the “Group II Cap Agreement”; together with the Group I Cap Agreement, the “Cap Agreements”) relating to the Class A-2 Certificates and the Mezzanine Certificates.

  • Cap Agreements: Each of the Group I Cap Agreement and the Class 3-A1 Cap Agreement.

  • Home Equity Loan Trust, Series 2007-WM2 Asset Backed Pass-Through Certificates, dated as of March 30, 2007 (the “Group II Cap Agreement”; together with the Group I Cap Agreement, the “Cap Agreements”) relating to the Class A-2 Certificates and the Mezzanine Certificates.

  • The Trustee shall not be responsible for the legality or validity of this Agreement, any Servicing Agreement, any Custodial Agreement, the Group I Swap Agreement, the Group I Cap Agreement, the Class 3-A1 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.

  • Home Equity Loan Trust, Series 2007-HE2, Asset Backed Pass-Through Certificates, dated as of March 8, 2007 (the “Group II Cap Agreement”; together with the Group I Cap Agreement, the “Cap Agreements”) relating to the Class A-2 Certificates and the Mezzanine Certificates and (iii) the Swap Agreement between Bear Sxxxxxx and the Trustee, as trustee of ACE Securities Corp.

  • Home Equity Loan Trust, Series 2007-HE1, Asset Backed Pass-Through Certificates, dated as of January 30, 2007 (the “Group II Cap Agreement”; together with the Group I Cap Agreement, the “Cap Agreements”) relating to the Class A-2 Certificates and the Mezzanine Certificates and (iii) the Swap Agreement between Deutsche Bank AG, New York Branch and the Trustee, as trustee of ACE Securities Corp.

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

  • Home Equity Loan Trust, Series 2007-ASAP1, Asset Backed Pass-Through Certificates, dated as of March 15, 2007 (the “Group II Cap Agreement”; together with the Group I Cap Agreement, the “Cap Agreements”), relating to the Class A-2 Certificates and the Mezzanine Certificates and (iii) the Swap Agreement between Bear Xxxxxxx Financial Products Inc.

  • 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 I Swap Agreement and the Group I Cap Agreement (each on behalf of the Supplemental Interest Trust) for the benefit of, the Group I Certificateholders (other than the Class 1-A1 and Class 2-AIO Certificateholders).


More Definitions of Group I Cap Agreement

Group I Cap Agreement. The interest rate cap agreement dated as of May 11, 2007, entered into between the Trustee on behalf of the Supplemental Interest Trust (for the benefit of the Certificateholders of the Group I Certificates (other than the Class 1-A1 and Class 2-AIO Certificates)) and the Cap Counterparty, which agreement provides for the monthly payment specified therein, to the Supplemental Interest Trust for deposit into the Group I Cap Account (for the benefit of the Certificateholders of the Group I Certificates (other than the Class 1-A1 and Class 2-AIO Certificates)) commencing with the Distribution Date in June 2008 and terminating in (but including the Distribution Date in) March 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-2.
Sample 1
Group I Cap Agreement. The interest rate cap agreement, dated as of July 30, 2003, between the Purchaser and the Cap Provider.
Sample 1
Group I Cap Agreement and "GROUP II CAP AGREEMENT" means each of those two certain interest rate protection agreements, each between the Trust and the Cap Provider as documented according to a 1992 ISDA Master Agreement (Multicurrency--Cross Border), including the related sole confirmation and the related schedule, each dated as of September 14, 2001, and each modified to reflect the terms of the Group I or Group II Notes, as applicable, and the Basic Documents.
Sample 1

Related to Group I Cap Agreement

  • Loan Group I Cap With respect to the Group I Mortgage Loans as of any Distribution Date, the product of (i) the weighted average of the Adjusted Net Mortgage Rates then in effect on the beginning of the related Due Period on the Group I Mortgage Loans and (ii) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the Interest Accrual Period related to such Distribution Date.

  • Group I Senior Certificates As specified in the Preliminary Statement.

  • Loan Group II Cap With respect to the Group II Mortgage Loans as of any Distribution Date, the product of (i) the weighted average of the Adjusted Net Mortgage Rates then in effect on the beginning of the related Due Period on the Group II Mortgage Loans and (ii) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the Interest Accrual Period related to such Distribution Date.

  • Group I Certificates The Class A-1 Certificates.

  • Group I Interest Remittance Amount With respect to any Distribution Date, that portion of the Available Funds for such Distribution Date attributable to interest received or advanced with respect to the Group I Mortgage Loans.

  • Group II Senior Certificates As specified in the Preliminary Statement.

  • Group II Interest Remittance Amount With respect to any Distribution Date, that portion of the Available Funds for such Distribution Date attributable to interest received or advanced with respect to the Group II Mortgage Loans.

  • Group II Class A Certificates The Class A-2a Certificates, the Class A-2b Certificates, the Class A-2c Certificates and the Class A-2d Certificates, collectively.

  • Group I Senior Percentage As of each Distribution Date, the lesser of 100% and a fraction, expressed as a percentage, the numerator of which is the aggregate Certificate Principal Balance of the Group I Certificates immediately prior to such Distribution Date and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans (or related REO Properties) in Loan Group I immediately prior to such Distribution Date.

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

  • Yield Supplement Overcollateralization Amount means, with respect to any calendar month and the related Payment Date, or with respect to the Closing Date, the aggregate amount by which the Principal Balance as of the last day of the related Collection Period or the Cutoff Date, as applicable, of each of the related Receivables with an APR as stated in the related contract of less than the Required Rate, other than Defaulted Receivables, exceeds the present value, calculated by using a discount rate equal to the Required Rate, of each scheduled payment of each such Receivables assuming such scheduled payment is made on the last day of each month and each month has 30 days.

  • Excess Overcollateralization Amount With respect to any Distribution Date, the excess, if any, of (a) the Overcollateralization Amount on such Distribution Date over (b) the Required Overcollateralization Amount for such Distribution Date.

  • Group I Mortgage Loan A Mortgage Loan assigned to Loan Group I. All Group I Mortgage Loans have a principal balance at origination that conforms to Xxxxxxx Mac loan limits.

  • Group I means Series 1997-1 and each other Series specified in the related Supplement to be included in Group I.

  • Group I Stepdown Date The later to occur of (i) the Distribution Date occurring in April 2005 and (ii) the first Distribution Date on which the sum of the aggregate Certificate Principal Balance of the Class M-I Certificates and the Group I Overcollateralization Amount immediately prior to that Distribution Date is equal to or greater than 16.50% of the aggregate Stated Principal Balance of the Group I Loans as of the end of the preceding Due Period.

  • REMIC II Overcollateralization Amount With respect to any date of determination, (i) 0.50% of the aggregate Uncertificated Balances of the REMIC II Regular Interests (other than REMIC II Regular Interest P) minus (ii) the aggregate of the Uncertificated Balances of REMIC II Regular Interest A-1, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-2D, REMIC II Regular Interest M-1, REMIC II Regular Interest M-2, REMIC II Regular Interest M-3, REMIC II Regular Interest M-4, REMIC II Regular Interest M-5, REMIC II Regular Interest M-6, REMIC II Regular Interest M-7, REMIC II Regular Interest M-8, REMIC II Regular Interest M-9, REMIC II Regular Interest M-10 and REMIC II Regular Interest M-11, in each case as of such date of determination.

  • Group I Subordinate Percentage For any Distribution Date, the excess of 100% over the Group I Senior Percentage for such date.

  • Group II Senior Percentage For any Distribution Date, the lesser of (i) 100% and (ii) the aggregate Class Principal Balance of the Group II-A and Residual Certificates divided by the aggregate Class Principal Balance of the Group II Loans (exclusive of the Class II-P Fraction thereof, with respect to any Class II-P Mortgage Loan), in each case immediately before such Distribution Date.

  • Group I Senior Principal Distribution Amount For any Distribution Date, an amount equal to the sum of (a) the Group I Senior Percentage of the Principal Payment Amount for Loan Group I, (b) the Group I Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group I and (c) the Group I Senior Liquidation Amount.

  • Senior Specified Enhancement Percentage As of any date of determination, 38.00%.

  • Group I Mortgage Loans The Mortgage Loans identified on the Mortgage Loan Schedule as Group I Mortgage Loans.

  • Initial Subordinate Class Percentage As defined in the Series Supplement.

  • Net WAC Cap Rate With respect to any Distribution Date, the product of (i) a per annum rate equal to the weighted average of the Net Mortgage Rates (or, if applicable, the Modified Net Mortgage Rates) using the Net Mortgage Rates in effect for the Monthly Payments due on such Mortgage Loans during the related Due Period, weighted on the basis of the respective Stated Principal Balances thereof for such Distribution Date and (ii) a fraction equal to 30 divided by the actual number of days in the related Interest Accrual Period.

  • Class A/B Interest Coverage Test means the test which will apply as of any Measurement Date occurring on and after the Determination Date immediately preceding the second Payment Date and which will be satisfied on such Measurement Date if the Class A/B Interest Coverage Ratio is at least equal to 120.0 per cent.

  • Required Overcollateralization Amount With respect to any Distribution Date, (a) prior to the Stepdown Date, an amount equal to 1.80% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date, (b) on or after the Stepdown Date if a Trigger Event is not in effect, the greater of (i) an amount equal to 3.60% of the aggregate outstanding Stated Principal Balance of the Mortgage Loans after giving effect to distributions made on that Distribution Date and (ii) the Overcollateralization Floor and (c) on or after the Stepdown Date if a Trigger Event is in effect, an amount equal to the Required Overcollateralization Amount from the immediately preceding Distribution Date. The Required Overcollateralization Amount may be reduced so long as written confirmation is obtained from each Rating Agency that such reduction shall not reduce the ratings assigned to any Class of Certificates by such Rating Agency below the lower of the then-current rating or the rating assigned to such Certificates as of the Closing Date by such Rating Agency. Residential Funding: Residential Funding Corporation, a Delaware corporation, in its capacity as seller of the Mortgage Loans to the Depositor and any successor thereto.

  • Group II Certificates The Class A-2A, Class A-2B, Class A-2C and Class A-2D Certificates.