Examples of Class A-1 Cap Contract in a sentence
Upon any such termination, the Class A-1 Cap Contract Counterparty and/or the Combined Cap Contract Counterparty, as applicable, will be obligated to pay the Trustee, for the benefit of the Trust Fund, an amount in respect of such termination.
The Class A-1 Cap Contract Assignment Agreement or the Class A-2 Contract Assignment Agreement, as applicable.
Any amounts received by the Trustee for the benefit of the Trust Fund in respect of the termination of the Class A-1 Cap Contract shall be deposited and held in the Class A-1 Reserve Fund and applied on future Distribution Dates to pay any Class A-1 Supplemental Amount on the Class A-1 Certificates.
The Master Servicer, on behalf of the Trustee, shall cause to be deposited (x) any amounts received from time to time with respect to the Class A-1 Cap Contract into the Class A-1 Reserve Fund and (y) any amounts received from time to time with respect to the Combined Cap Contract into the Combined Reserve Fund The Master Servicer, on behalf of the Trustee, shall prepare and deliver any notices required to be delivered under the Cap Contracts.