Examples of Carryover Reserve Fund in a sentence

Any manner in which a Carryover Reserve Fund is maintained may at any time be changed without notice to, or the approval, Holders of the Certificates so long as funds held in such Carryover Reserve Fund by, or for the account of, the Trustee shall at all times be identified.
To the extent that a Carryover Reserve Fund is maintained by the Trustee in the manner provided for in clause (ii) above, all references to deposits to and withdrawals from a Carryover Reserve Fund shall be deemed to refer to credits and debits to the related books of the Trustee.
The Trustee shall treat the HA Class Interest Carryover Reserve Fund as an “outside reserve fund” within the meaning of Treasury Regulation Section 1.860G-2(h) that is owned by the FA Class, and that is not an asset of any REMIC created hereunder.
In the event that the amount on deposit in the Certificate-UT Account and each Carryover Reserve Fund shall be less than the Trust Fund Distribution Amount for such Distribution Date, then Xxxxxx Xxx shall provide from its own funds the amount of any insufficiency.
For purposes of income tax reporting, the Trustee shall treat the premium for the HA Class Interest Carryover Reserve Fund as de minimis.

More Definitions of Carryover Reserve Fund

Carryover Reserve Fund. The account established and maintained by the Trust Administrator pursuant to Section 3.07(h).

Carryover Reserve Fund. The separate Eligible Account created and maintained by the Trustee pursuant to Section 4.06.

Carryover Reserve Fund. The custodial account or accounts created and maintained for the benefit of the Certificateholders pursuant to Section 4.04(a). The Carryover Reserve Fund shall be an Eligible Account. Certificate: A Class A Certificate, Class M Certificate or Class R Certificate.

Carryover Reserve Fund. The separate fund created and initially maintained by the Trustee pursuant to Section 3.05(c) in the name of the Trustee for the benefit of the Holders of the LIBOR Certificates and designated “The Bank of New York in trust for registered holders of BellaVista Mortgage Trust 2004-2, Mortgage Pass-Through Certificates, Series 2004-2.” Funds in the Carryover Reserve Fund shall be held in trust for the Holders of the LIBOR Certificates for the uses and purposes set forth in this Agreement.

Carryover Reserve Fund. The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06(h) in the name of the Trustee for the benefit of the LIBOR Certificateholders and designated "Deutsche Bank National Trust Company in trust for registered holders of Residential Asset Securitization Trust 2002-A5, Mortgage Pass-Through Certificates, Series 2002-E, Class A-1." Funds in the Carryover Reserve Fund shall be held in trust for the LIBOR Certificateholders for the uses and purposes set forth in this Agreement. The Carryover Reserve Fund will not be an asset of any REMIC.

Carryover Reserve Fund. The separate Eligible Account created and initially maintained by the Trustee pursuant to Section 3.05(g) in the name of the Trustee for the benefit of the Holders of the Offered Certificates and designated “The Bank of New York in trust for registered holders of CWALT, Inc., Alternative Loan Trust 2006-OC10, Mortgage Pass-Through Certificates, Series 2006-OC10.” Funds in the Carryover Reserve Fund shall be held in trust for the Holders of the Offered Certificates for the uses and purposes set forth in this Agreement. Certificate: Any one of the Certificates executed by the Trustee in substantially the forms attached this Agreement as exhibits.

Carryover Reserve Fund. A fund created as part of the Trust Fund pursuant to Section 4.07 of this Agreement but which is not an asset of any of the REMICs.