Common use of Cap Collateral Clause in Contracts

Cap Collateral. To secure Borrower’s payment obligations under the Loan, Borrower grants to Lender a security interest in the Cap Collateral, including any Replacement Cap Agreement. B. Section 4.07 is deleted and replaced with the following:

Appears in 10 contracts

Sources: Multifamily Loan and Security Agreement (Steadfast Apartment REIT, Inc.), Multifamily Loan and Security Agreement (Steadfast Apartment REIT, Inc.), Multifamily Loan and Security Agreement (Steadfast Apartment REIT, Inc.)

Cap Collateral. To secure Borrower’s payment obligations under the Loan, Borrower grants to Lender a security interest in the Cap Collateral, including any Replacement Cap Agreement. Rider to Multifamily Loan and Security AgreementRate Cap Agreement and Rate Cap Agreement Reserve Fund B. Section 4.07 is deleted and replaced with the following:

Appears in 1 contract

Sources: Multifamily Loan and Security Agreement (Steadfast Apartment REIT, Inc.)