Interest Rate Cap Transaction definition

Interest Rate Cap Transaction means any Hedge Transaction with respect to which the related Hedge Counterparty is required to make periodic payments to the Borrower in an amount equal to the excess, if any, of the applicable floating rate of interest over a fixed strike rate multiplied by a specified notional amount, provided that the fixed strike rate of any such transaction shall be no greater than the then current coupon rate of the applicable Fixed Rate Loan minus 5.5%.
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Interest Rate Cap Transaction means the interest rate cap transaction to be entered into on or before the Closing Date between the Issuer and the Hedge Provider under the terms of the ISDA Master Agreement and to be documented by an interest rate cap confirmation to be dated as of the Closing Date;
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Interest Rate Cap Transaction means the interest rate cap transaction under which the Issuer will hedge its interest rate exposure in relation to the floating rate of interest due under the Notes against the fixed rate of interest receivable under the Issuer/Borrower Facility Agreement from (but excluding) the Note Payment Date in October 2011 to (and including) the Note Payment Date in October 2014 between the Issuer and Citigroup Global Markets Limited, acting through its office at Citigroup Centre, 33 Canada Square, ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇ ▇▇▇ and which forms part of and is subject to the Interest Rate Swap Agreement;
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Examples of Interest Rate Cap Transaction in a sentence

  • Ladies and Gentlemen: The purpose of this letter agreement (this “Confirmation”) is to confirm the terms and conditions of the Interest Rate Cap Transaction entered into on the Trade Date referred to in Paragraph 2 below (the “Transaction”) between ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Capital Services Inc.

  • The terms of the particular Interest Rate Cap Transaction to which this Confirmation relates are as follows: Trade Date: 25 January 2006 Effective Date 30 January 2006 Termination Date: 25 August 2009, subject to adjustment in accordance with the Modified Following Business Day Convention.

  • Date: 26 May 2006 To: ▇▇▇▇▇ Fargo Bank, N.A., not individually, but solely as Trust Administrator on behalf of MASTR Asset Securitization Trust 2006-2, Mortgage Pass Through Certificates, Series 2006-2 (“Counterparty”) Attention: Swaps Administration From: UBS AG, London Branch (“UBS AG”) Subject: Interest Rate Cap Transaction Dear Sirs The purpose of this communication is to confirm the terms and conditions of the Transaction entered into between us on the Trade Date specified below.

  • RE: Interest Rate Cap Transaction Dear Sir or Madam: The purpose of this letter agreement (this "Confirmation") is to confirm the terms and conditions of the Transaction entered into between us on the Trade Date specified below (the "Transaction").

  • UBS AG Ref; Transaction 1: 37386983 UBS AG Ref; Transaction 2: 37399016 Re: First Horizon Alternative Mortgage Securities Trust 2006-FA4 Interest Rate Cap Transaction Reset Dates: First day of each Calculation Period.

  • Date: 28 September 2005 To: MASTR Asset Back Securities Trust 2005-WF1 (“Counterparty”) Attention: Swaps Administration From: UBS AG, London Branch (“UBS AG”) Subject: Interest Rate Cap Transaction UBS AG Ref: 37204175 Dear Sirs The purpose of this communication is to confirm the terms and conditions of the Transaction entered into between us on the Trade Date specified below.