Release of Interest in Interest Rate Cap dated August 19, 2019 related to Rate Cap Agreement between ATAX TEBS III, LLC and SMBC Capital Markets, Inc
RELEASE OF INTEREST IN INTEREST RATE CAP
WHERAS, SMBC Capital Markets, Inc. (the "Bank") previously entered into that certain rate cap agreement dated July 8, 2015, with ATAX TEBS III, LLC (the "Counterparty); (the "Cap"), with a reference number of B5F4038; and
WHEREAS, the Cap was collaterally assigned to The Federal Home Loan Mortgage Corporation ("Secured Lender") in connection with a pool of multifamily bonds ("Bonds"); and
WHEREAS, the Counterparty's obligations under the Bonds have been discharged.
The Secured Lender hereby releases all right, title and interest (including any security interest) it has in the Cap as of August 19, 2019, and waives any right to approve a termination, modification or novation of the Cap on or after such date.
FEDERAL HOME LOAN
By:/s/ Thomas C. McDonald
Thomas C. McDonald
Director, Multifamily Asset Management