Cap Agreements definition

Cap Agreements means each interest rate cap agreement, between the Transferor, the Trustee and a Cap Provider, as amended from time to time, and any additional interest rate protection agreement or agreements, entered into between the Transferor, the Trustee and a Cap Provider, as the same may from time to time be amended, restated, modified and in effect.

Cap Agreements. The Class A-2 Cap Agreement, the Class M Cap Agreement, the Class B Cap Agreement and the Class X Cap Agreement.

Cap Agreements. The Group I Cap Agreement and the Group II Cap Agreement.

Examples of Cap Agreements in a sentence

• Each Class of Certificates (other than the Class P and Class R Certificates), other than the right of each Class of LIBOR Certificates to receive Basis Risk CarryForward Amounts and the right of the Class X Certificates to receive payments from the Interest Rate Cap Agreements, represents ownership of a regular interest in the Upper Tier REMIC for purposes of the REMIC Provisions.

• The Class P Certificates represent beneficial ownership of the Prepayment Charges, each Class of LIBOR Certificates represents beneficial ownership of a regular interest in the Upper Tier REMIC and the right to receive Basis Risk CarryForward Amounts and the Class X Certificates represent beneficial ownership of a regular interest in the Upper Tier REMIC, the Excess Reserve Fund Account and the Interest Rate Cap Agreements, which portions of the Trust Fund shall be treated as a grantor trust.

• The Transferor hereby further agrees to execute all such instruments, documents and financing statements and take all such further action requested by the Trustee to evidence and perfect the assignment of the Cap Agreements and the Interest Rate Caps pursuant to this Section 3A.

• The Seller and the Purchaser shall, to the extent consistent with this Agreement, take such actions as may be necessary to ensure that, if this Agreement were deemed to create a security interest in the Mortgage Loans and the Cap Agreements, such security interest would be deemed to be a perfected security interest of first priority under applicable law and will be maintained as such throughout the term of this Agreement and the Pooling and Servicing Agreement.

• Section 8.13 Tax Classification of the Excess Reserve Fund Account and the Interest Rate Cap Agreements............................

More Definitions of Cap Agreements

Cap Agreements. Each of the interest rate cap agreements, dated as of [DATE], between the Owner Trustee, in its capacity as owner trustee, and the Cap Counterparty.

Cap Agreements. The Group II Class A Cap Agreement, the Class M Cap Agreement and the Class B Cap Agreement. Cap Provider: Morgan Stanley Capital Services, Inc., x Xexxxxxx corporation, and its successors in interest. Certificate: Any one of the Certificates executed by the Trustee in substantially the forms attached hereto as exhibits.

Cap Agreements means interest rate cap agreements, pursuant to which we receive cash payments if the interest rate index specified in any such agreement increases above contractually specified levels, thus effectively capping the interest rate on a specified amount of borrowings at a level specified by the agreement.

Cap Agreements means any and all agreements, devices or arrangements designed to protect at least one of the parties thereto from fluctuations of interest rates, including interest rate cap or collar protection agreements, interest rate swap agreements or interest rate options, as the same may be amended or modified and in effect from time to time, and any and all terminations or assignments of any of the foregoing.

Cap Agreements. The Group 1 Senior Cap Agreement and Mezzanine Cap Agreement, which are attached hereto as Exhibit Q.

Cap Agreements. The interest rate cap agreements dated on or before the Closing Date between the Issuer and the Cap Counterparty. Cap Counterparty: Bear Xxxxxxx Financial Products Inc.

Cap Agreements means agreements to provide telephone services within and between local access transport areas, such services to be provided primarily on facilities owned or leased by the Company.