Interest rate agreement between the BorrowerBorrowerPerson who is the obligor under the Note. and a hedge provider for which the BorrowerBorrowerPerson who is the obligor under the Note. receives payments at the end of each period when the interest rate exceeds the Cap Strike RateCap Strike RateMaximum specified Index interest rate that will trigger a payment obligation by the Interest Rate Cap provider..  The Interest Rate Cap provides a ceiling (or cap) on the BorrowerBorrowerPerson who is the obligor under the Note.’s interest payments on the Mortgage LoanMortgage LoanMortgage debt obligation evidenced, or when made will be evidenced, by the Loan Documents or a mortgage debt obligation with a Fannie Mae credit enhancement..