Examples of Group 2 Cap Agreement in a sentence
Upon the designation of an “Early Termination Date” as defined in the Group 2 Cap Agreement, the payment required to be made by the Group 2 Cap Counterparty to the Trust Fund pursuant to the terms of the Group 2 Cap Agreement, and any unpaid amounts due from prior payment dates and accrued interest thereon as provided in the Group 2 Cap Agreement, as calculated by the Group 2 Cap Counterparty and furnished to the Trustee.
The Trustee shall have no duty or responsibility to enter into any other interest rate cap agreement upon the expiration or termination of the Group 2 Cap Agreement.
The Seller, the Master Servicer, the Depositor, the Servicers and the Class II-A3 and Class II-A4 Certificateholders (by their acceptance of such Certificates) acknowledge and agree that the Trustee is executing and delivering the Group 2 Cap Agreement solely in its capacity as Trustee of the Trust Fund and not in its individual capacity.
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 2 Cap Agreement for the benefit of the Class II-A3 and Class II-A4 Certificateholders.
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.
The Seller, the Master Servicer, the Depositor, the Servicers and the Class WF-1 Certificateholders (by their acceptance of such Certificates) acknowledge and agree that the Trustee is executing and delivering the Group 2 Cap Agreement solely in its capacity as Trustee of the Trust Fund and not in its individual capacity.
The Trustee shall have no duty or responsibility to enter into any other swap agreement or interest rate cap agreement upon the expiration or termination of the Group 2 Swap Agreement or the Group 2 Cap Agreement.
Upon the designation of an “Early Termination Date” as defined in the Group 2 Cap Agreement, the payment required to be made by the Cap Counterparty to the Supplemental Interest Trust pursuant to the terms of the Group 2 Cap Agreement, and any unpaid amounts due on previous Cap Payment Dates and accrued interest thereon as provided in the Group 2 Cap Agreement, as calculated by the Cap Counterparty and furnished to the Trustee.
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 2 Swap Agreement and the Group 2 Cap Agreement (each on behalf of the Supplemental Interest Trust) for the benefit of, the Group 2 Certificateholders.