Cap Provider definition

Cap Provider means the third-party financial institution approved by Lender that is the counterparty under any Cap Agreement or Replacement Cap Agreement.

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Cap Provider means the interest rate cap provider or other counterparty to a Cap Agreement or any guarantor of the obligations of any such cap provider or counterparty.

Cap Provider means a third party cap provider having a rating acceptable to the Rating Agencies.

Examples of Cap Provider in a sentence

• Borrower will instruct each Cap Provider and any guarantor of a Cap Provider’s obligations to make Cap Payments directly to Lender or to Loan Servicer on behalf of Lender.

• Borrower has instructed each Cap Provider and any guarantor of a Cap Provider’s obligations to make Cap Payments directly to Lender or to Loan Servicer on behalf of Lender.

• The Cap Trustee shall segregate and hold all funds received from the Cap Provider (including any Cap Termination Payment) separate and apart from any of its own funds and general assets and shall establish and maintain in the name of the Cap Trustee one or more segregated accounts (the “Cap Trust Account”).

• On the Closing Date, the Depositor shall pay, without any right of reimbursement from the Trust, to the Cap Provider the "Fixed Amount" (as defined in the related Cap Agreement) due and payable to the Cap Provider pursuant to the terms of each Cap Agreement.

• All amounts earned on amounts on deposit in the Interest Rate Cap Collateral Account (whether cash collateral or securities) shall be for the account of and taxable to the Interest Rate Cap Provider.

More Definitions of Cap Provider

Cap Provider. Barclays Bank PLC, a bank authorized and regulated by the United Kingdom's Financial Services Authority and a member of the London Stock Exchange, and its successors in interest.

Cap Provider. The counterparty (or any guarantor) to the Trustee required to make payments to the Trust Fund under the Cap Agreement.

Cap Provider means an unaffiliated third party, as cap provider, under each Initial Interest Rate Cap Agreement, or any successor or replacement cap provider (including any Replacement Cap Provider) from time to time.]

Cap Provider. JPMorgan Chase Bank, National Association.

Cap Provider. Bear ▇▇▇▇▇▇▇ Financial Products Inc.

Cap Provider has the meaning set forth in Section 2.3.

Cap Provider. The Bank of New York.