Group 1 Cap Agreement definition

Group 1 Cap Agreement. The Cap Agreement dated as of August 31, 2005, entered into between the Trustee on behalf of the Trust Fund (for the benefit of the Certificateholders of the Group 1 Certificates) and the Cap Counterparty, which agreement provides for the monthly payment specified therein, to the Trustee (for the benefit of the Certificateholders of the Group 1 Certificates) commencing with the Distribution Date in September 2005 and terminating in (but including the Distribution Date in) August 2008, by the Cap Counterparty, but subject to the conditions set forth therein, including the 1992 ISDA Master Swap Agreement (Multi-Currency Cross Border), together with the confirmation and schedules relating thereto, in the form of Exhibit N-1 hereto. Group 1 Certificates: Collectively, the Group 1 Senior Certificates and the Group 1 Subordinate Certificates.
Group 1 Cap Agreement. The interest rate cap agreement dated as of June 29, 2007, entered into between the Trustee on behalf of the Supplemental Interest Trust (for the benefit of Certificateholders of the Group 1 Senior Certificates) and the Group 1 Cap Counterparty, which agreement provides for the monthly payment specified therein, to the Supplemental Interest Trust for deposit into the Group 1 Cap Account (for the benefit of Certificateholders of the Group 1 Senior Certificates) commencing with the Distribution Date in August 2008 and terminating in (but including the Distribution Date in) June 2012, by the Group 1 Cap Counterparty, but subject to the conditions set forth therein, including the 1992 ISDA Master Swap Agreement (Multi-Currency Cross Border), together with the confirmations, Credit Support Annex, schedules or other agreements relating thereto, in the form of Exhibit N-2 hereto.
Group 1 Cap Agreement. The interest rate cap agreement transaction evidenced by the related Confirmation, with respect to the Class 1A1 Notes.

Examples of Group 1 Cap Agreement in a sentence

  • In addition, the Trustee shall hold the Group 1 Cap Agreement as an asset in the Pool 1 Basis Risk Reserve Fund.

  • Concurrently with the execution of this Agreement, the Group 1 Swap Agreement and the Group 1 Cap Agreement shall be delivered to the Trustee.

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  • The Seller, the Master Servicer, the Depositor, the Servicer and the Holders of the Group 1 Senior Certificates (by their acceptance of such Certificates) acknowledge and agree that the Trustee is executing and delivering the Group 1 Swap Agreement and the Group 1 Cap Agreement solely in its capacity as trustee of the Supplemental Interest Trust, and not in its individual capacity.

  • In connection therewith, the Depositor hereby authorizes and directs the Trustee (solely in its capacity as trustee of the Supplemental Interest Trust) to execute and deliver the Group 1 Swap Agreement and the Group 1 Cap Agreement (on behalf of the Supplemental Interest Trust), in trust for the benefit of the Holders of the Group 1 Senior Certificates.

  • The Trustee shall not be responsible for the legality or validity of this Agreement, any Servicing Agreement, any Custodial Agreement, the Group 1 Cap Agreement, the Group 1 Swap Agreement, the Balance Guaranteed Cap Agreement or the Group 2 Cap Agreement or the validity, priority, perfection or sufficiency of the security for the Certificates, the Pooling REMIC I Regular Interests or the Pooling REMIC II Regular Interests issued or intended to be issued hereunder.

  • Credit Support Annex: Each credit support annex, if any, to the Group 1 Swap Agreement, the Group 1 Cap Agreement, the Balance Guaranteed Cap Agreement or the Group 2 Cap Agreement, each dated as of June 29, 2007, and each between either the Supplemental Interest Trust or the Trustee on behalf of the Trust Fund and the Group 1 Swap Counterparty, the Group 1 Cap Counterparty, the Balance Guaranteed Cap Counterparty or the Group 2 Cap Counterparty, as applicable.

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  • In connection therewith, the Depositor hereby directs the Trustee (solely in its capacity as such) and the Trustee is hereby authorized to execute and deliver the Group 1 Swap Agreement and the Group 1 Cap Agreement (each on behalf of the Supplemental Interest Trust) for the benefit of, the Group 1 Certificateholders (other than the Class 1B-A2 Certificateholders).

  • Prior to drafting the Agreement, the Applicant must submit the name of the subcontractor who will install the water facilities.


More Definitions of Group 1 Cap Agreement

Group 1 Cap Agreement. The interest rate cap agreement dated as of May 31, 2007, entered into between the Trustee on behalf of the Supplemental Interest Trust (for the benefit of Certificateholders of the Group 1 Senior Certificates and the Class I-M1, Class I-M2 and Class I-M3 Certificateholders) and the Group 1 Cap Counterparty, which agreement provides for the monthly payment specified therein, to the Supplemental Interest Trust for deposit into the Group 1 Cap Account (for the benefit of Certificateholders of the Group 1 Senior Certificates and the Class I-M1, Class I-M2 and Class I-M3 Certificates) commencing with the Distribution Date in July 2008 and terminating in (but including the Distribution Date in) May 2012, by the Group 1 Cap Counterparty, but subject to the conditions set forth therein, including the 1992 ISDA Master Swap Agreement (Multi-Currency Cross Border), together with the confirmations, Credit Support Annex, schedules or other agreements relating thereto, in the form of Exhibit N-2 hereto.
Group 1 Cap Agreement. The interest rate cap agreement dated as of February 28, 2007, entered into between the Trustee on behalf of the Supplemental Interest Trust (for the benefit of the Certificateholders of the Group 1 Certificates (other than the Class 1B-A2 Certificates)) and the Cap Counterparty, which agreement provides for the monthly payment specified therein, to the Supplemental Interest Trust for deposit into the Group 1 Cap Account (for the benefit of the Certificateholders of the Group 1 Certificates (other than the Class 1B-A2 Certificates)) commencing with the Distribution Date in April 2007 and terminating in (but including the Distribution Date in) February 2012, by the Cap Counterparty, but subject to the conditions set forth therein, including the 1992 ISDA Master Swap Agreement (Multi-Currency Cross Border), together with any schedules, confirmations, Credit Support Annex or other agreements relating thereto, attached hereto as Exhibit N-2.

Related to Group 1 Cap Agreement

  • Group 1 Senior Certificates As specified in the Preliminary Statement.

  • Group 1 Certificate Any Class A-1 or Class A-R Certificate.

  • Group 1 Certificates As specified in the Preliminary Statement.

  • Loan Group I Cap With respect to the Group I Mortgage Loans as of any Distribution Date, the product of (i) the weighted average of the Adjusted Net Mortgage Rates then in effect on the beginning of the related Due Period on the Group I Mortgage Loans and (ii) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the Interest Accrual Period related to such Distribution Date.

  • Subordinate Certificates As specified in the Preliminary Statement.

  • Group I Senior Certificates As specified in the Preliminary Statement.

  • Group II Senior Certificates As specified in the Preliminary Statement.

  • Cap Contract Any of the Class A-1 Cap Contract, the Class A-2 Cap Contract or the Subordinate Certificates Cap Contract.

  • Group 2 Senior Certificates As specified in the Preliminary Statement.

  • Group 2 Certificate Any Class A-2 Certificate.

  • Subordinate Certificate Any one of the Class M Certificates or Class B Certificates, executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit B and Exhibit C, respectively.

  • Group 2 Certificates As specified in the Preliminary Statement.

  • Subordinate Certificate Writedown Amount As to any Distribution Date, the amount by which (i) the sum of the Class Principal Amounts of all the Certificates (after giving effect to the distribution of principal and the application of Realized Losses in reduction of the Certificate Principal Amounts of the Certificates on such Distribution Date) exceeds (ii) the aggregate Scheduled Principal Balance of the Mortgage Loans for such Distribution Date.

  • Loan Group II Cap With respect to the Group II Mortgage Loans as of any Distribution Date, the product of (i) the weighted average of the Adjusted Net Mortgage Rates then in effect on the beginning of the related Due Period on the Group II Mortgage Loans and (ii) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the Interest Accrual Period related to such Distribution Date.

  • Senior Certificates As specified in the Preliminary Statement.

  • Senior Certificate As defined in the Series Supplement.

  • Group 3 Senior Certificates As specified in the Preliminary Statement.

  • Group II Class A Certificates The Class A-2a Certificates, the Class A-2b Certificates, the Class A-2c Certificates and the Class A-2d Certificates, collectively.

  • Offered Subordinate Certificates As specified in the Preliminary Statement.

  • Class A/B Interest Coverage Test means the test which will apply as of any Measurement Date occurring on and after the Determination Date immediately preceding the second Payment Date and which will be satisfied on such Measurement Date if the Class A/B Interest Coverage Ratio is at least equal to 120.0 per cent.

  • Loan Group Cap The Loan Group I Cap or the Loan Group II Cap, as applicable.

  • Class A Certificate Group The Group I Class A Certificates or the Group II Class A Certificates, as applicable.

  • Group 4 Certificates As specified in the Preliminary Statement.

  • Group I Certificates The Class A-1 Certificates.

  • Senior Certificate Group As specified in the Preliminary Statement.

  • Loan Group 5 The Group 5 Mortgage Loans.