Collateral Assignment of Interest Rate Cap Agreement definition

Collateral Assignment of Interest Rate Cap Agreement means that certain Collateral Assignment of Interest Rate Cap Agreement, dated as of the date hereof, executed by Borrower in connection with the Loan for the benefit of Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.
Collateral Assignment of Interest Rate Cap Agreement has the meaning set forth in Section 2.2.7(a).
Collateral Assignment of Interest Rate Cap Agreement means that certain Collateral Assignment of Interest Rate Cap Agreement, to be dated on or before the Rate Cap Purchase Date and to be executed by Borrower in connection with the Loan for the benefit of Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time. Borrower shall deliver to Lender a new Collateral Assignment of Interest Rate Cap Agreement in substantially the same form as the prior Collateral Assignment of Interest Rate Cap Agreement and otherwise reasonably acceptable to Lender in connection with each Replacement Interest Rate Cap Agreement.

Examples of Collateral Assignment of Interest Rate Cap Agreement in a sentence

Borrower shall collaterally assign to Lender, pursuant to the Collateral Assignment of Interest Rate Cap Agreement, all of its right, title and interest to receive any and all payments under the Interest Rate Cap Agreement, and shall deliver to Lender an executed counterpart of such Interest Rate Cap Agreement (which shall, by its terms, authorize the assignment to Lender and require that payments be paid directly into an account pledged to Lender as provided above in this Section 2.2.7).

Lender or its counsel shall have received a fully executed Interest Rate Cap Agreement and a Collateral Assignment of Interest Rate Cap Agreement, together with an opinion of counsel in form and substance satisfactory to it, or shall have received reasonably satisfactory evidence that same will be delivered promptly following the Closing Date.

Lender or its counsel shall have received a fully executed Interest Rate Cap Agreement and a Collateral Assignment of Interest Rate Cap Agreement, together with an opinion of counsel in form and substance satisfactory to it, or shall have received reasonably satisfactory evidence that same will be delivered promptly following the Original Closing Date.

Borrowers shall collaterally assign to Lender, pursuant to the Collateral Assignment of Interest Rate Cap Agreement, all of its right, title and interest to receive any and all payments under all Interest Rate Cap Agreements, and shall deliver to Lender an executed counterpart of such Interest Rate Cap Agreements (which shall, by their respective terms, authorize the assignment to Lender and require that payments be deposited directly into the Cash Management Account).

Borrower shall, upon execution of such agreement, deliver to Lender the Collateral Assignment of Interest Rate Cap Agreement, duly executed and delivered by Borrower in favor of Lender, together with the consent of the counterparty thereunder to such collateral assignment.


More Definitions of Collateral Assignment of Interest Rate Cap Agreement

Collateral Assignment of Interest Rate Cap Agreement means that certain Collateral Assignment of Interest Rate Cap Agreement delivered in connection with the Interest Rate Cap Agreement and executed by Borrower in connection with the Loan for the benefit of Administrative Agent for the benefit of Lenders, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.
Collateral Assignment of Interest Rate Cap Agreement means that certain Amended and Restated Collateral Assignment of Interest Rate Cap Agreement, dated as of May 22, 2008, between Borrower and JPM, as assigned by JPM to the Initial Lenders and by the Initial Lenders to the Collateral Agent, and as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time. Borrower and Collateral Agent, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.
Collateral Assignment of Interest Rate Cap Agreement means each Collateral Assignment of Interest Rate Cap Agreement executed by Borrower in favor of Lender, substantially in the form of Exhibit "C" hereto.
Collateral Assignment of Interest Rate Cap Agreement means that certain Collateral Assignment of Interest Rate Cap Agreement (Second Mezzanine Loan), dated as of the Closing Date, executed by Borrowers in connection with the Loan for the benefit of Lender and acknowledged by the Counterparty, as modified by the First Loan Document Modification Agreement, and as the same hereafter may be amended, restated, replaced, supplemented or otherwise modified from time to time.
Collateral Assignment of Interest Rate Cap Agreement means a Collateral Assignment of Interest Rate Cap Agreement, in substantially the same form and content attached hereto as Exhibit A, executed by Borrower in connection with the Loan for the benefit of Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.
Collateral Assignment of Interest Rate Cap Agreement means that certain Collateral Assignment of Interest Rate Cap Agreement, dated the date hereof, among the Borrowers and the Administrative Agent (on behalf of the Lenders).
Collateral Assignment of Interest Rate Cap Agreement. An assignment of all of Borrower’s interest in any Interest Rate Cap Agreement obtained by or on behalf of Borrower pursuant to Section 4.33 below as additional security for payment of the Loan and payment and performance of all of Borrower’s obligations under the Loan Documents, which Collateral 14961843v.6 Assignment of Interest Rate Cap Agreement shall be in the form of, and upon the terms contained in, Exhibit A hereto.