Examples of Cap Trust in a sentence
Large Cap Fund Large Cap Trust (JHT) 0.780% — first $250 million; 0.730% — next $250 million; 0.680% — next $250 million; and 0.650% — excess over $750 million.
The sole assets of the Cap Trust shall be the Cap Contract and the Cap Trust Account.
The Cap Trust shall be maintained by the Cap Trustee and administered on its behalf by the Cap Administrator.
Any Cap Termination Payment received by the Cap Trustee from the Cap Provider shall be deposited into the Cap Trust Account and shall be used to make any upfront payment required under a replacement cap contract and any upfront payment received from the counterparty to a replacement cap contract shall be used to pay any Cap Termination Payment owed to the Cap Provider.
The sole assets of the Cap Trust shall be the Cap Agreement and the Cap Trust Account.
Prior to the termination of the Supplemental Interest Trust or the Cap Trust, any transferee of this Certificate who is a Plan subject to ERISA or Section 4975 of the Code, any Person acting, directly or indirectly, on behalf of any such Plan or any person using Plan Assets to acquire this Certificate shall be deemed to have made the representation made except in accordance with Section 5.02(d) of the Agreement.
The Cap Trust shall be maintained by the Cap Trustee, who initially, shall be the Indenture Trustee.
The Indenture Trustee's rights to receive certain proceeds of the Cap Contract as provided in the Cap Contract Administration Agreement shall be rights of the Indenture Trustee as Cap Trustee under this Indenture, shall be an asset of the Cap Trust, and shall not be an asset of the Trust or of any REMIC.
On the Closing Date, there is hereby established a separate trust (the "Cap Trust"), the assets of which shall consist of the Indenture Trustee's rights and obligations under the Cap Administration Agreement as Cap Contract Administrator.
The Cap Contract Administrator and the Master Servicer shall remit any amounts received from time to time with respect to the Cap Contract to the Cap Trustee, and the Cap Trustee shall deposit the Cap Payment (Cap Trust Share) portion of any amounts received from time to time with respect to the Cap Contract into the Cap Contract Account, and shall remit to Countrywide Home Loans, Inc.