Cap Contract Counterparty definition
Examples of Cap Contract Counterparty in a sentence
Upon any such termination, the Cap Contract Counterparty will be obligated to pay the Trustee or the Master Servicer for the benefit of the Trust Fund an amount in respect of such termination.
The Trustee shall not enter into any amendment to this Agreement that could have a materially adverse effect on the Cap Contract Counterparty or the Swap Counterparty without first obtaining the consent of the Cap Contract Counterparty or Swap Counterparty, respectively.
The foregoing information and reports shall be prepared and determined by the Trustee based on Mortgage Loan data and other information provided to the Trustee by the Servicer, the Swap Counterparty, the Cap Contract Counterparty or any other third party required to deliver information hereunder.
The Cap Contract Counterparty shall be deemed a third party beneficiary of this Agreement regarding provisions related to payments owed to the Cap Contract Counterparty.
In preparing or furnishing the foregoing information, the Trustee shall be entitled to rely conclusively on the accuracy of the information or data provided to the Trustee by the Servicer, the Swap Counterparty, the Cap Contract Counterparty or any other third party required to deliver information and shall have no liability for any errors in any such information.