1 Reset Date 2 Assumed LIBOR 3 4 5 6 Loan Interest on Cap Payoff on...
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1 Reset Date 2 Assumed LIBOR 3 4 5 6 Loan Interest on Cap Payoff on Payment Date (LIBOR + 150bp)(0.25)($400m) Payment Date Max[LIBOR-0.025,0] Hedged Interest Payment Col. (3) - Col. 7 Unhedged Hedged Rate Rate LIBOR + (0.25) ($400m) (4) 4[Col (5)/$400m] 150bp 3/1/Y1" 0.010 6/1/Y1 0.010 $2,500,000 9/1/Y1 0.015 $2,500,000 12/1/Y1 0.020 $3,000,000 680 68 69 $0 $2,500,000 0.0250 0.0250 $0 $2,500,000 0.0250 0.0250 $0 $3,000,000 0.0300 0.0300 3/1/Y2 0.025 6/1/Y2 0.030 9/1/Y2 0.035 12/1/Y2 0.040 3/1/Y3 1 Reset Date 2 Assumed LIBOR 3 4 5 6 Loan Interest on Cap Payoff on Payment Date (LIBOR + 150bp)(0.25)($400m) Payment Date Max[LIBOR-0.025,0] Hedged Interest Payment Col. (3) - Col. 7 Unhedged Hedged Rate Rate LIBOR + (0.25) ($400m) (4) 4[Col (5)/$400m] 150bp 3/1/Y1" 0.010 6/1/Y1 0.010 $2,500,000 9/1/Y1 0.015 $2,500,000 12/1/Y1 0.020 $3,000,000 680 68 69 $0 $2,500,000 0.0250 0.0250 $0 $2,500,000 0.0250 0.0250 $0 $3,000,000 0.0300 0.0300 3/1/Y2 0.025 6/1/Y2 0.030 9/1/Y2 0.035 12/1/Y2 0.040 3/1/Y3
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