Corridor Contract. The Class 2-A-1 Corridor Contract or the Class 2-A-6 Corridor Contract, as applicable.
Corridor Contract. (a) In the event that the Securities Administrator does not receive by the Business Day preceding a Payment Date the amount reported to the Securities Administrator as the amount to be paid with respect to such Payment Date by the Corridor Contract Counterparty under the Corridor Contract, the Securities Administrator shall notify the Indenture Trustee and the Indenture Trustee, at the direction of the Holders of a majority of the aggregate Note Principal Balances of the Notes in accordance with Section 5.11, shall enforce the obligation of the Corridor Contract Counterparty under such Corridor Contract. The parties hereto acknowledge that the Corridor Contract Counterparty shall make all calculations, and determine the amounts to be paid, under the Corridor Contract. The Securities Administrator may conclusively rely on such calculations and determination and any notice received by it from the Corridor Contract Counterparty pursuant to the Corridor Contract. The Indenture Trustee may conclusively rely on information provided to it by the Securities Administrator. The Indenture Trustee has no obligation to monitor, and no liability for, the performance of the Securities Administrator under the Corridor Contract, and the Indenture Trustee shall be indemnified by the Trust and held harmless against any loss, liability or expense incurred in the administration of the Corridor Contract as provided under Section 6.07.
Corridor Contract. The Class AF-1 Corridor Contract, the Class 1-AV-1 Corridor Contract, the Class 2-AV Corridor Contract or the Adjustable Rate Subordinate Corridor Contract, as applicable.
Corridor Contract. The interest rate Corridor Contract between the Owner Trustee (or assigned to the Owner Trustee) on behalf of the Trust and the Derivative Counterparty primarily for the benefit of the Class III-A-1 Notes and Class III-A-2 Notes. CPR: A constant rate of prepayment on the Mortgage Loans.
Corridor Contract. The Corridor Contract will not be an asset of the Trust Fund nor of any REMIC. The Master Servicer, on behalf of the Supplemental Interest Trustee, shall cause to be deposited any amounts received from time to time with respect to the Corridor Contract into the Corridor Contract Reserve Fund. The Master Servicer, on behalf of the Supplemental Interest Trustee, shall prepare and deliver any notices required to be delivered under the Corridor Contract. The Master Servicer, on behalf of the Supplemental Interest Trustee, shall act as calculation agent and/or shall terminate the Corridor Contract, in each case upon the occurrence of certain events of default or termination events to the extent specified in or pursuant to the Confirmation. Upon any such termination, the Corridor Contract Counterparty will be obligated to pay the Supplemental Interest Trustee or the Master Servicer for the benefit of the Supplemental Interest Trust an amount in respect of such termination. Any amounts received by the Supplemental Interest Trustee or the Master Servicer for the benefit of the Supplemental Interest Trust in respect of such termination shall be deposited and held in the Corridor Contract Reserve Fund to pay Unpaid Realized Loss Amounts and Net Rate Carryover Amounts on the Classes of Covered Certificates as provided in Section 4.09 hereof on the Distribution Dates following such termination to and including the Corridor Contract Scheduled Termination Date. On the Corridor Contract Scheduled Termination Date, after all other distributions to be made on such date have been made pursuant to the terms of this Agreement, if any such amounts received by the Supplemental Interest Trustee or the Master Servicer with respect thereto in respect of such termination remain in the Corridor Contract Reserve Fund, such amounts shall be distributed by the Supplemental Interest Trustee to UBS Securities LLC.
Corridor Contract. The Corridor Contract will be an asset of the Trust Fund but will not be an asset of any REMIC. The Trustee shall deposit any amounts received from time to time with respect to the Corridor Contract into the Class 2-A-7 Reserve Fund. The Master Servicer, on behalf of the Trustee, shall prepare and deliver any notices required to be delivered under the Corridor Contract. The Master Servicer, on behalf of the Trustee, shall act as calculation agent and/or shall terminate the Corridor Contract upon the occurrence of certain events of default or termination events to the extent specified in or pursuant to the Confirmation. Upon any such termination, the Corridor Contract Counterparty will be obligated to pay the Trustee for the benefit of the Trust Fund an amount in respect of such termination. Any amounts received by the Trustee for the benefit of the Trust Fund in respect of such termination shall be deposited and held in the Class 2-A-7 Reserve Fund for application in or toward the payment of Class 2-A-7 Supplemental Amounts for the Class 2-A-7 Certificates as provided in Section 4.09 hereof on the Distribution Dates following such termination to and including the Corridor Contract Termination Date. On the Corridor Contract Termination Date, after all other distributions to be made on such date have been made pursuant to the terms of this Agreement, if any such amounts received by the Trustee with respect thereto in respect of such termination remain in the Class 2-A-7 Reserve Fund, such amounts shall be held therein until paid as provided in Section 4.06.
Corridor Contract. The interest rate corridor cap agreements between the Supplemental Interest Trust and the Cap Counterparty evidenced by confirmations FXNEC9360, FXNEC9358, FXNEC9359 and FXNEC9361 relating to the Class 1-A-1, Class 1-A-2, Class 1-A-3 and Class 1-A-6 Certificates, respectively, a form of which is attached to this Agreement as Exhibit P-1.
Corridor Contract. R-1-1 Exhibit R-2: Form of Class A-4 Corridor Contract...................................................R-2-1 Exhibit R-3: Form of Class A-9 Corridor Contract...................................................R-2-1 Exhibit S-1: Form of Corridor Contract Novation Agreement..........................................S-1-1 Exhibit S-2: [Reserved]............................................................................S-2-1 THIS POOLING AND SERVICING AGREEMENT, dated as of August 1, 2005, among CWALT, INC., a Delaware corporation, as depositor (the "Depositor"), COUNTRYWIDE HOME LOANS, INC. ("Countrywide"), a New York corporation, as a seller (a "Seller"), PARK GRANADA LLC ("Park Granada"), a Delaware limited liability company, as a seller (a "Seller"), PARK MONACO INC. ("Park Monaco"), a Delaware corporation, as a seller (a "Seller"), PARK SIENNA LLC ("Park Sienna"), a Delaware limited liability company, as a seller (a "Seller"), COUNTRYWIDE HOME LOANS SERVICING LP, a Texas limited partnership, as master servicer (the "Master Servicer"), and THE BANK OF NEW YORK, a banking corporation organized under the laws of the State of New York, as trustee (the "Trustee").
Corridor Contract. The Class A-1 and Class A-5 Corridor Contract, the Class A-2 Corridor Contract, the Class A-4 Corridor Contract or the Class A-9 Corridor Contract, as applicable. Corridor Contract Counterparty: Citibank, N.A. or Bear Xxxxxxx Financial Products Inc.
Corridor Contract. The Class I-A-1 Corridor Contract or the Class I-A-3 Corridor Contract, as the context may require. Corridor Contract Counterparty: JPMorgan Chase Bank, N.A. and its successors and permitted assigns.
