Examples of Maximum Cap Rate in a sentence
The Maximum Cap Rate for any Distribution Date and the Group I Certificates will be a per annum rate (subject to adjustment based on the actual number of days elapsed in the related Accrual Period) equal to the weighted average of the Adjusted Net Maximum Mortgage Rates of the Group I Mortgage Loans.
The Maximum Cap Rate for any Distribution Date and the Group II Certificates will be a per annum rate (subject to adjustment based on the actual number of days elapsed in the related Accrual Period) equal to the weighted average of the Adjusted Net Maximum Mortgage Rates of the Group II Mortgage Loans.
The “Formula Rate” for the Class A and Mezzanine Certificates is the lesser of (a) the sum of the interbank offered rate for one-month United States dollar deposits in the London market (the “Certificate Index”) as of the related LIBOR Determination Date (as defined herein) plus a related margin (the “Certificate Margin”) and (b) the Maximum Cap Rate.
EXHIBIT FSHORT TERM RENTAL COST TABLE (BASE RATES) Complete the table below: Enter the Daily, Weekly and Maximum Cap Rate Daily rate for each VCT in U.S. dollars and cents up to two (2) decimal digits.
The “Maximum Cap Rate” for any Distribution Date and the Mezzanine Certificates is the lesser of the Maximum Cap Rate with respect to the Class A-1 Certificates and the Maximum Cap Rate with respect to the Class A-2 Certificates, in either case for such Distribution Date.