Coupon Cap definition
Examples of Coupon Cap in a sentence
Any Class Coupon Cap Payment shall be made in accordance with Sections 8 and 9.
Any proceeds of such termination or sale shall, at the Servicer's election, either be (i) used to obtain a replacement Class Coupon Cap Agreement or (ii) applied as a Class Coupon Cap Payment in accordance with Section 8.
After a Replacement Class Coupon Cap Agreement or Qualified Substitute Cap Arrangement has been obtained, the Seller may direct the Trustee to terminate or otherwise transfer or assign the replaced Class Coupon Cap Agreement, and direct the Trustee to pay any proceeds from such termination or transfer to the Servicer.
In addition, notwithstanding the foregoing, the Seller may at any time direct the Trustee to terminate or otherwise transfer or assign its rights relating to any portion of the Class Coupon Cap Agreement.
Representations and Warranties of the Servicer Representations and Warranties of the Trustee Authentication of Certificates Establishment and Administration of Investor Accounts and the Third Party Credit Enhancement Account Allocations of Collections Payments Third Party Credit Enhancement Calculation of Investor Losses Servicing Compensation Class Coupon Cap Agreement and Class Coupon Floor Agreement Interest Rate Swaps Investor Certificateholders' Monthly Statement Monthly Servicer Certificate.
Class Coupon Cap Agreement and Class Coupon Floor Agreement * SECTION 14.
Class Coupon Cap Agreement..............................88 SECTION 14.
Class Coupon Cap Agreement....................................88 SECTION 14.
Payments Third Party Credit Enhancement Calculation of Investor Losses Servicing Compensation Class Coupon Cap Agreement and Class Coupon Floor Agreement Interest Rate Swaps Investor Certificateholders' Monthly Statement Monthly Servicer Certificate.
Class Coupon Cap Agreement.....................................................................90 SECTION 14.