Examples of Cap Account in a sentence

The Interest Rate Cap Account shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including without limitation, other moneys held by the Trustee pursuant to this Agreement.
The Trustee shall treat the Basis Risk Reserve Fund and the Interest Rate Cap Account as an outside reserve fund within the meaning of Treasury Regulation 1.860G-2(h) that is owned by the Class X Certificateholder, and not as an asset of any REMIC.
The Net WAC Cap Account shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including without limitation, other moneys held by the Trustee pursuant to this Agreement.
On the Distribution Date immediately after the termination date of the original Cap Contract, the Cap Trustee shall withdraw any funds remaining in the Cap Account and distribute such amount in accordance with Section 3(a)(ii) of this Agreement.
Any investment earnings on the Net WAC Cap Account will be treated as owned by the Holders of the Class X Certificates and will be taxable to the Holders of the Class X Certificates.

More Definitions of Cap Account

Cap Account. The account created pursuant to Section 5.07(b).

Cap Account. The Eligible Account or Accounts created and maintained pursuant to Section 8.04.

Cap Account. As defined in Section 4.05 hereof.

Cap Account means the account designated as such, established and maintained pursuant to Section 5.01(a)(v) of the Sale and Servicing Agreement.

Cap Account. Any of the Group 1 Certificate Cap Account, the Group 1 Basis Risk Cap Account, the Group 2 Certificate Cap Account, the Group 2 Basis Risk Cap Account and the Class 2-2A3 Basis Risk Cap Account.

Cap Account means the account established by the TLE Committee in accordance with Paragraph 17.02(1)(a);