Examples of Interest Rate Cap Counterparty in a sentence
It shall not be necessary for the consent of the Noteholders or the Interest Rate Cap Counterparty pursuant to this Section to approve the particular form of any proposed amendment or consent, but it shall be sufficient if such consent shall approve the substance thereof.
Notices to the Interest Rate Cap Counterparty shall be sent to the address set forth in the Interest Rate Cap Agreement or such other address as may be designated by written notice to the parties to this Indenture.
In choosing Eligible Loans to be substituted pursuant to this Section 6, the Seller shall make a reasonable determination that the Eligible Loans to be substituted will not have a material adverse effect on the Noteholders or the Interest Rate Cap Counterparty.
Except in the case of a Default in payment of principal of or interest on any Note (including payments pursuant to the mandatory redemption provisions of such Note), the Indenture Trustee may withhold the notice if and so long as a committee of its Responsible Officers in good faith determines that withholding the notice is in the interests of Noteholders and the Interest Rate Cap Counterparty.
All amounts deposited in an Interest Rate Cap Agreement Collateral Account shall be paid to the Issuer (and become part of Available Funds on the related Distribution Date) or returned to the related Interest Rate Cap Counterparty, from time to time, in accordance with the provisions set forth in the related Credit Support Agreement.