{"component": "definition", "props": {"groups": [{"size": 14, "snippet": "means the product of (x) the Cap multiplied by (y) the quotient represented by (1) the number of days between the Distribution Date and December 31, 2018 (inclusive of such dates), divided by (2) 365.", "snippet_links": [{"key": "the-product", "type": "clause", "offset": [6, 17]}, {"key": "represented-by", "type": "clause", "offset": [64, 78]}, {"key": "number-of-days", "type": "definition", "offset": [87, 101]}, {"key": "the-distribution-date", "type": "definition", "offset": [110, 131]}, {"key": "inclusive-of", "type": "clause", "offset": [155, 167]}, {"key": "divided-by", "type": "clause", "offset": [181, 191]}], "samples": [{"hash": "7ptSFyRjssn", "uri": "/contracts/7ptSFyRjssn#initial-cap", "label": "Indemnification and Reimbursement Agreement (Resideo Technologies, Inc.)", "score": 32.151266256, "published": true}, {"hash": "kMnaFejrC40", "uri": "/contracts/kMnaFejrC40#initial-cap", "label": "Indemnification & Liability (Garrett Motion Inc.)", "score": 31.1546885695, "published": true}, {"hash": "3StUSwPHAEO", "uri": "/contracts/3StUSwPHAEO#initial-cap", "label": "Indemnification and Reimbursement Agreement (Resideo Technologies, Inc.)", "score": 31.1546885695, "published": true}], "hash": "4c292d699857961f86f3c08239a291d5", "id": 1}, {"size": 6, "snippet": "means the product of (x) the Cap times (y) the quotient represented by (1) the number of days between the Distribution Date and December 31, 2018 (inclusive of such dates), divided by (2) 365.", "snippet_links": [{"key": "the-product", "type": "clause", "offset": [6, 17]}, {"key": "represented-by", "type": "clause", "offset": [56, 70]}, {"key": "number-of-days", "type": "definition", "offset": [79, 93]}, {"key": "the-distribution-date", "type": "definition", "offset": [102, 123]}, {"key": "inclusive-of", "type": "clause", "offset": [147, 159]}, {"key": "divided-by", "type": "clause", "offset": [173, 183]}], "samples": [{"hash": "cGQ9jTrkc7M", "uri": "/contracts/cGQ9jTrkc7M#initial-cap", "label": "Indemnification and Reimbursement Agreement (Garrett Motion Inc.)", "score": 29.6762491444, "published": true}, {"hash": "khvbY5Evf9i", "uri": "/contracts/khvbY5Evf9i#initial-cap", "label": "Indemnification & Liability (Resideo Technologies, Inc.)", "score": 29.6406570842, "published": true}, {"hash": "aGkxm3qitHq", "uri": "/contracts/aGkxm3qitHq#initial-cap", "label": "Indemnification & Liability (Garrett Motion Inc.)", "score": 29.6406570842, "published": true}], "hash": "29c8327e379f6efe86c9a05844a47aa7", "id": 2}, {"size": 5, "snippet": "For each Mortgage Loan, the applicable limit on the adjustment of the Mortgage Interest Rate for the initial Rate Adjustment Date specified in the applicable Mortgage Note and designated as such in the Mortgage Loan Schedule.", "snippet_links": [{"key": "each-mortgage-loan", "type": "definition", "offset": [4, 22]}, {"key": "applicable-limit", "type": "definition", "offset": [28, 44]}, {"key": "adjustment-of-the", "type": "clause", "offset": [52, 69]}, {"key": "mortgage-interest-rate", "type": "definition", "offset": [70, 92]}, {"key": "initial-rate-adjustment-date", "type": "definition", "offset": [101, 129]}, {"key": "mortgage-note", "type": "clause", "offset": [158, 171]}, {"key": "mortgage-loan-schedule", "type": "definition", "offset": [202, 224]}], "samples": [{"hash": "oAsfOzmg9E", "uri": "/contracts/oAsfOzmg9E#initial-cap", "label": "Pooling and Servicing Agreement (Wachovia Mortgage Loan Trust, Series 2007-A)", "score": 19.0, "published": true}, {"hash": "fXT9nm6BWv6", "uri": "/contracts/fXT9nm6BWv6#initial-cap", "label": "Pooling and Servicing Agreement (Wachovia Mortgage Loan Trust, Series 2006-A)", "score": 19.0, "published": true}, {"hash": "94fspZDgrp1", "uri": "/contracts/94fspZDgrp1#initial-cap", "label": "Pooling and Servicing Agreement (Wachovia Mortgage Loan Trust, Series 2007-A)", "score": 19.0, "published": true}], "hash": "889ce620adf120f695ff98211655646d", "id": 3}, {"size": 3, "snippet": "has the meaning specified in Section 9.1.", "snippet_links": [{"key": "section-91", "type": "clause", "offset": [29, 40]}], "samples": [{"hash": "ijtw8eeliIf", "uri": "/contracts/ijtw8eeliIf#initial-cap", "label": "Asset Purchase Agreement (Mercury New Holdco, Inc.)", "score": 25.6488706366, "published": true}, {"hash": "8oZWQiXkvZ2", "uri": "/contracts/8oZWQiXkvZ2#initial-cap", "label": "Asset Purchase Agreement (Media General Inc)", "score": 25.6488706366, "published": true}, {"hash": "1QQYLx6FQ0f", "uri": "/contracts/1QQYLx6FQ0f#initial-cap", "label": "Asset Purchase Agreement (Lin Television Corp)", "score": 25.6488706366, "published": true}], "hash": "879436471fc35f0a3de27f01e5e4fa29", "id": 4}, {"size": 3, "snippet": "With respect to each Adjustable Rate Mortgage Loan, the maximum percentage per annum specified in the related Mortgage Note by which the Mortgage Rate may increase on the first Adjustment Date of such Mortgage Loan. 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provided, that, in the event that the Estimated Initial Obligation exceeds the <strong>Initial Cap</strong>, Indemnitor shall pay to Indemnitee an amount equal to the <strong>Initial Cap</strong>.", "A Subsequent Cap must have an effective date not later than the day following the last day of the <strong>Initial Cap</strong> Period or any Subsequent Cap Period.", "If the Bonds are issued bearing interest at the Floating Rate, the Cap must be in place on the Closing Date for a period beginning on the Closing Date and ending not earlier than the date which is the fifth (5th) anniversary of the Closing Date (the &quot;<strong>Initial Cap</strong> Period&quot;).", "Subject to the other terms of Article 16, additional Caps (each, a &quot;Subsequent Cap&quot;) shall be purchased by Borrower (i) upon the expiration of the Cap in place for the <strong>Initial Cap</strong> Period, and (ii) if elected by the Borrower, at the time any Additional Variable Advance is made.", "REMIC 1 shall hold as its assets the property of the Trust Fund other than the Lower Tier Interests in REMIC 1, REMIC 2 and REMIC 3, the Basis Risk Reserve Fund, the <strong>Initial Cap</strong> Agreement and the Class 1-A1 Cap Agreement.", "Thirty (30) days following the Distribution Date, Payor shall pay to Payee the Initial Period Estimated US Bendix Payment; provided, that, in the event that the Initial Period Estimated US Bendix Payment exceeds the <strong>Initial Cap</strong>, Payor shall pay to Payee an amount equal to the <strong>Initial Cap</strong>.", "As provided herein, the Trustee shall elect that the Trust Fund (exclusive of (i) the Basis Risk Reserve Fund, (ii) the <strong>Initial Cap</strong> Agreement and (iii) the Class 1-A1 Cap Agreement) be treated for federal income tax purposes as comprising four real estate mortgage investment conduits (each a \u201cREMIC\u201d or, in the alternative, REMIC 1, REMIC 2, REMIC 3 and REMIC 4; REMIC 4 also being referred to as the \u201cUpper Tier REMIC\u201d).", "Not later than the day following the last day of the <strong>Initial Cap</strong> Period or any Subsequent Cap Period, the Owner shall ensure that either (a) a Subsequent Cap is in full force and effect if the Bonds bear interest at the Floating Rate or (b) the Bonds have been converted to a Fixed Rate, in each case, in accordance with this Agreement and the other Borrower Documents.", "On May 1, 2010, and on the first day of each month thereafter through and including March 1, 2013, the <strong>Initial Cap</strong> shall be reduced by $0.125 per rentable square foot of the Premises.", "Thirty (30) days following the Distribution Date, Payor shall pay to Payee the Estimated Initial US Bendix Obligation; 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