Interest Rate Caps definition

Interest Rate Caps means the interest rate caps provided pursuant to Cap Agreements by one or more Cap Providers to the Trustee on behalf of any of the Securityholders which shall entitle the Trust to receive monthly payments equal to the product of (i) the positive difference, if any, between LIBOR in effect for each applicable Interest Accrual Period and 9.25%, (ii) the notional amount of such interest rate cap and (iii) the actual number of days in the Interest Period divided by 360.
Interest Rate Caps means, collectively, the Class A Interest Rate ------------------ Cap and the Class B Interest Rate Cap.
Interest Rate Caps means interest rate cap transactions in which the Borrower as buyer receives payments at the end of each period in which the interest rate exceeds the agreed strike rate, and “Interest Rate Cap” means any such transaction.

Examples of Interest Rate Caps in a sentence

  • Interest Rate Swaps, Mortgage Swaps, Credit Swaps, Currency Swaps, Total Return Swaps, Options on Swaps and Interest Rate Caps, Floors and Collars.

  • Type An Over the Counter (OTC) derivative contract – Purchase of an Interest Rate Cap Objectives Interest Rate Caps are used for managing interest rate risks.

  • The Transferor hereby further agrees to execute all such instruments, documents and financing statements and take all such further action requested by the Trustee to evidence and perfect the assignment of the Cap Agreements and the Interest Rate Caps pursuant to this Section 3A.

  • Interest Rate Swaps, Credit Swaps, Total Return Swaps, Options on Swaps and Interest Rate Caps, Floors and Collars.

  • Nykredit may fix one or more Interest Rate Caps and/or Floors in the Final Bond Terms, which will be applicable for part of or the entire maturity of the Bonds.


More Definitions of Interest Rate Caps

Interest Rate Caps means the interest rate cap agreements, if any, including all schedules and confirmations related thereto, between the Trust and the Cap Counterparty, if any, in effect on the Closing Date (as may be amended, supplemented, replaced or otherwise modified and in effect from time to time).]
Interest Rate Caps means each interest rate cap agreement between the Issuer and an Interest Rate Cap Provider entered into with respect to the Class A Notes, the Class B Notes or the Class C Notes which shall have a cap of LIBOR equal to 9.0%.
Interest Rate Caps. With respect to each Mortgage Loan, provisions to the effect that (i) the Mortgage Rate shall never over the life of the Mortgage Loan exceed a rate per annum, specified in the Mortgage Note, which is not less than ___% and not greater than ___% for any Mortgage Loan, and (ii) the Mortgage Rate may not be increased or decreased by more than ___ basis points (___%) on any Adjustment Date (the amount determined by such increase or decrease being the "Periodic Mortgage Rate Cap").
Interest Rate Caps means the Initial Advance Interest Rate Cap and the Future Advance Interest Rate Caps, and “Interest Rate Cap” means any of the foregoing.
Interest Rate Caps the collective reference to the following interest rate ------------------ cap transactions: (i) the interest rate cap entered into between the Borrower and Mellon Bank, N.A. on March 28, 1994 having a notional amount of U.S.$22,500,000, effective for a two year period commencing on March 31, 1994 and providing for quarterly payments to the Borrower in the event that interest accrued on such notional amount at the London interbank offered rate ("Libor") ----- exceeds interest accrued on such notional amount at 5.375% per annum, such interest rate cap being evidenced by the Ceiling Rate Interest Credit Agreement #1, dated as of March 28, 1994, between the Borrower and Mellon Bank, (ii) the interest rate cap entered into between the Borrower and Mellon Bank, N.A. on March 28, 1994 having a notional amount of U.S.$22,500,000, effective for a two year period commencing on March 31, 1994 and providing for quarterly payments to the Borrower in the event that interest accrued on such notional amount at Libor exceeds interest accrued on such notional amount at 5.375% per annum, such interest rate cap being evidenced by the Ceiling Rate Interest Credit Agreement #2, dated as of March 28, 1994, between the Borrower and Mellon Bank, N.A., (iii) the interest rate cap entered into between the Borrower and Continental Bank N.A. on March 21, 1994 having a notional amount of U.S.$22,500,000, effective for a two year period commencing on March 25, 1994 and providing for quarterly payments to the Borrower in the event that interest accrued on such notional amount at Libor exceeds interest accrued on such notional amount at 5.4375% per annum, such interest rate cap being evidenced by the Rate Cap Transaction Agreement, dated as of March 21, 1994, between the Borrower and Continental Bank N.A., together the related Confirmation, dated as of March 21, 1994 between the Borrower and Continental Bank N.A., (iv) the interest rate cap entered into between the Borrower and Barclays Bank PLC on March 21, 1994 having a notional amount of U.S.$22,500,000, effective for a two year period commencing on March 25, 1994 and providing for quarterly payments to the Borrower in the event that interest accrued on such notional amount at Libor exceeds interest accrued on such notional amount at 5.4375% per annum, such interest rate cap being evidenced by the 1992 ISDA Master Agreement, dated as of March __, 1994, between the Borrower and Barclays Bank PLC, together the related Confirmation, date...
Interest Rate Caps means interest rate cap transactions in which the Borrower as buyer receives payments at the end of each period in which the interest rate exceeds the agreed strike rate, and “ Interest Rate Cap ” means any such transaction.
Interest Rate Caps means the interest rate cap or caps provided pursuant to Interest Rate Cap Agreements by one or more obligors, each of which shall be acceptable to the Rating Agency and shall have a long-term unsecured debt rating of not less than AAA and a short term unsecured debt rating of A-l+ by Standard & Poor's Corporation (the "REQUISITE CAP RATING") and shall contain an arrangement for the replacement of such obligor or the substitution of alternative credit enhancement provisions (any of which shall have the Requisite Cap Ratings) in the event that such then-current interest rate cap shall be downgraded below the Requisite Cap Ratings.