Interest Rate Cap means a Cap.
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;
Examples of Interest Rate Cap in a sentence
The Loan is allocated in: (a) a single withdrawal tranche, from which the Borrower may make withdrawals of the Loan proceeds; and (b) the amounts requested by the Borrower to pay the Front-end Fee; and each Interest Rate Cap or Interest Rate Collarpremium.
More Definitions of Interest Rate Cap
Interest Rate Cap means any interest rate cap entered into in accordance with the provisions of Clause 4.4 (Interest Rate Caps) of the Issuer Facility Agreement, including, the Interest Rate Cap Documents with respect thereto.
Interest Rate Cap means an options contract which puts an upper limit on a floating exchange rate. The contract protects the holder from rises in short-term interest rates by making a payment to the holder when an underlying interest rate (the index or reference interest rate) exceed a specified strike rate (the cap rate).
Interest Rate Cap means that the Coupon Interest cannot be higher than the fixed Interest Rate Cap.
Interest Rate Cap. For any Distribution Date and the Certificates (other than the Class B-IO Certificates and the Residual Certificates), the weighted average of the Net Mortgage Rates of the Mortgage Loans as of the first day of the related Due Period, in each case, adjusted to reflect the accrual of interest based on the actual number of days elapsed in the related Accrual Period divided by 360.
Interest Rate Cap shall have the meaning set forth in Section 1.12.
Interest Rate Cap. Each interest rate cap agreement, including all schedules and confirmations related thereto, between the Trust and the Cap Counterparty, in effect on the [Initial] Closing Date, as the same may be amended, supplemented, renewed, extended or replaced from time to time.]
Interest Rate Cap means a ceiling that sets an upper limit for the Variable Rate.