Cap Security Agreement definition

Cap Security Agreement means, with respect to an Interest Rate Cap, the Interest Rate Cap Security, Pledge and Assignment Agreement between Borrower and Lender, for the benefit of Lender, in the form attached as Exhibit D to this Agreement as such agreement may be amended, modified, supplemented or restated from time to time.
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Cap Security Agreement means, collectively, the Senior Cap Security Agreement and the Junior Cap Security Agreement.
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Examples of Cap Security Agreement in a sentence

  • Borrower shall be required to make Monthly Deposits (as defined in the Cap Security Agreement) to be held in an Interest Rate Cap Reserve Escrow Account (as defined in the Cap Security Agreement).

  • As set forth in the applicable Cap Security Agreement, Borrower agrees to pledge its right, title and interest in the Interest Rate Cap to Lender as additional collateral for the Indebtedness.

  • As set forth in the Cap Security Agreement, Borrower agrees to pledge its right, title, and interest in the Interest Rate Cap to Lender as additional collateral for the Indebtedness.

  • Within three Business Days after the Closing Date, Borrower shall deliver to Lender the Counterparty's signature to the Notice of Security Interest and Acknowledgment, substantially in the form of Exhibit B to the Interest Rate Cap Security Agreement executed by Borrower in favor of Lender.

  • At the Lender's request, the Property Company shall cause the financial institution holding the Cap Escrow Fund to execute and deliver a Restricted Account Letter in form and substance similar to that signed with respect to the pledged account maintained under the Cap Security Agreement.

  • Substantially concurrently with entering into the Cap Agreement, Borrower shall deliver to Lender an Interest Rate Cap Security Agreement, duly executed and delivered by Borrower in favor of Lender, together with the consent of the Counterparty to such collateral assignment.

  • Pursuant to the terms of the Cap Security Agreement, Borrower shall make arrangements for a LIBOR-based interest rate cap in form and substance satisfactory to Lender with a counterparty satisfactory to Lender (“Interest Rate Cap”) to be in place and maintained at all times with respect to any Variable Advance which has been funded and remains Outstanding.

  • With respect to each Hedge, the Cap Security Agreement or the Swap Security Agreement, as the case may be, must be delivered by the Borrower to the Lender no later than the effective date of the Hedge.

  • Substantially concurrently with entering into the Cap Agreement, Borrowers shall deliver to Administrative Agent an Interest Rate Cap Security Agreement, duly executed and delivered by Borrowers in favor of Administrative Agent (on behalf of the Lenders), together with the consent of the Counterparty to such collateral assignment, which consent shall be substantially in the form of the exhibit to the Interest Rate Cap Security Agreement or otherwise in a form reasonably acceptable to the Counterparty.

  • In addition, with the consent of the Lender, any ▇▇▇▇▇▇ required under this Article XXIII may be provided by the REIT, in which case the Cap Security Agreement or Swap Security Agreement shall be executed by the REIT and shall be in form and substance satisfactory to the Lender, and the covenants and agreements contained in this Article XXIII with respect to such Hedge shall apply to the REIT.

Related to Cap Security Agreement

  • IP Security Agreement is that certain Intellectual Property Security Agreement executed and delivered by Borrower to Collateral Agent and dated as of the Effective Date, as may be amended, restated, or otherwise modified or supplemented from time to time.

  • IP Security Agreements means the Trademark Security Agreement, the Patent Security Agreement and the Copyright Security Agreement.

  • UK Security Agreement means each of the security documents expressed to be governed by the laws of England (as modified, supplemented, amended or amended and restated from time to time) covering certain of such UK Loan Party’s present and future UK Collateral.

  • First Lien Security Agreement means the “Security Agreement” as defined in the First Lien Credit Agreement.

  • Second Lien Security Agreement means the Second Lien Security Agreement, dated as of the date hereof, among the Initial Borrower, the Parent Borrower, certain Subsidiaries of the Parent Borrower from time to time party thereto and the Second Lien Notes Collateral Agent, as amended, restated, waived, restructured, renewed, extended, supplemented or otherwise modified from time to time or as replaced in connection with any Refinancing, extension, refunding or replacement of the Second Lien Notes Indenture.