Interest Rate Cap Documents definition

Interest Rate Cap Documents means the Pledge, Interest Rate Cap Agreement and any and all other documents required pursuant thereto or hereto or as Lender shall require from time to time in connection with Borrower’s obligation to maintain an Interest Rate Cap for the term of the Variable Facility Commitment.

Interest Rate Cap Documents means, with respect to any Interest Rate Cap, the documentation that governs such Interest Rate Cap.

Interest Rate Cap Documents means, with respect to any Interest Rate Cap, the documentation that governs such Interest Rate Cap. “Interest Rate Cap Provider” means the Issuer’s counterparty under any Interest Rate Cap.

Examples of Interest Rate Cap Documents in a sentence

• The documents attached to this Supplemental Agreement as Attachment I are true, complete and correct copies of the Interest Rate Cap Documents and all amendments thereto, representing the Subsequent Interest Rate Cap, fully executed by all parties.

• True, complete and correct copies of the Interest Rate Cap Documents and all amendments thereto, fully executed by all parties, are attached as Exhibit A hereto.

• Borrower has, on or before the date of this Agreement, executed and delivered the Interest Rate Cap Documents to the Counterparty and has delivered to Lender fully executed originals of such Interest Rate Cap Documents.

• There is no and shall be no additional security for or any other arrangements or agreements relating to the Interest Rate Cap or the Interest Rate Cap Documents.

• Each Interest Rate Cap will be represented by one or more Interest Rate Cap Documents.

• Borrower hereby represents and warrants to Lender that there is no additional security for or any other arrangements or agreements relating to the Interest Rate Cap Documents and that the Counterparty has consented to Borrower’s pledge of its rights and interests in the Interest Rate Cap to Lender as security for the Loan.

• Borrower shall, on or before the date any Subsequent Interest Rate Cap is to become effective, execute and deliver the Interest Rate Cap Documents representing the Subsequent Interest Rate Cap to the Counterparty and deliver to Lender fully executed originals of such Interest Rate Cap Documents to be held under this Agreement as a part of the Collateral.

• Therefore, in determining the legislative intent of a statute, there are three levels of analysis and the courts will not continue beyond the level that first yields a reasonable interpretation.

• Borrower has, on or before the date of this Supplemental Agreement, executed and delivered the Interest Rate Cap Documents representing the Subsequent Interest Rate Cap to the Counterparty and has delivered to Xxxxxx Mae fully executed originals of such Interest Rate Cap Documents to be held under the Agreement as a part of the Collateral.

More Definitions of Interest Rate Cap Documents

Interest Rate Cap Documents means, with respect to any Interest Rate Cap, the documentation that governs such Interest Rate Cap. “Interest Rate Cap Provider” means the Issuer’s counterparty under any Interest Rate Cap. “International Account Bank Agreement” means the account bank agreement entered into by the Issuer, the Dutch Account Bank, the Issuer Account Bank, the German Account Bank, the Issuer Security Trustee and the Issuer Administrator dated on or about the Signing Date. “Intra-Group Transfer” has the meaning specified in Clause 2.1 of Schedule 3 to each Master Lease. “Intra-Lease Lessee Transfer Schedule” has the meaning specified in Clause 2.2(b) of each Master Lease. “Investment Company Act” means the United States Investment Company Act of 1940, as amended. “Investment Grade Manufacturer” means, as of any date of determination, any Manufacturer that has a Relevant DBRS Rating as of such date of at least “BBB(L)” from DBRS (or, if such Manufacturer does not have a Relevant DBRS Rating as of such date, then, a DBRS Equivalent Rating of “BBB(L)”) as of such date; provided that, upon any withdrawal or downgrade of any rating of any Manufacturer by DBRS (or, if such Manufacturer is not rated by DBRS, any Equivalent Rating Agency), such Manufacturer may, in the applicable FleetCo’s sole discretion, be deemed to have the rating applicable thereto immediately preceding such withdrawal or downgrade (as applicable) by DBRS (or, if such Manufacturer is not rated by DBRS, such DBRS Equivalent Rating) for a period of thirty (30) days following the earlier of (x) the date on which an Authorized Officer of any FleetCo Administrator, any FleetCo or any Servicer obtains actual knowledge of such withdrawal or downgrade (as applicable) and (y) the date on which the FleetCo Security Trustee notifies the applicable FleetCo Administrator in writing of such withdrawal or downgrade (as applicable). “Investment Grade Non-Program Vehicle” means, as of any date of determination, any Eligible Vehicle manufactured by an Investment Grade Manufacturer that is not an Investment Grade Program Vehicle as of such date. 49 CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [*REDACTED*]. “Investment Grade Program Vehicle” means, as of any date of determination, any Program Vehicle that is:

Interest Rate Cap Documents means, with respect to any Interest Rate Cap, such evidence as the Administrative Agent may reasonably require from time to time (e.g., resolutions, consents, legal opinions, etc.) that the applicable Acceptable Provider of such Interest Rate Cap, has properly executed and delivered such Interest Rate Cap, including, without limitation, (i) a fully executed, true and complete copy of the trade confirmation issued for such Interest Rate Cap, and all other documentation executed or issued in connection with such Interest Rate Cap, including, without limitation, the ISDA Master Agreement and Schedule executed in connection therewith, (ii) a fully executed original of a Collateral Assignment of Interest Rate Protection Agreement by and between the Borrower and the applicable Acceptable Provider in favor of the Administrative Agent, for the benefit of the Lenders, in form and substance substantially similar to the Assignment of Interest Rate Cap Agreement, (iii) a certified true copy of all authority and compliance documents evidencing the Borrower’s and the applicable Acceptable Provider’s authority to enter into the documents and instruments described in the foregoing clauses (i) and (ii), and (iv) executed legal opinions from counsel representing the applicable Acceptable Provider and any guarantor of such Interest Rate Cap with respect to the enforceability and due execution of the instruments described in the foregoing clauses (i) and (ii).