The Corridor Contracts. The Trustee on behalf of the Trust Fund, shall enter into two interest rate cap transactions evidenced by the Corridor Contracts, on the terms and conditions set forth in the Corridor Contract Assignment Agreements. The Corridor Contracts will be an asset of the Trust Fund but will not be an asset of any REMIC. The Securities Administrator, on behalf of the Trustee, shall deposit any amounts received from time to time with respect to the Corridor Contracts into the Basis Risk Shortfall Reserve Fund. The Securities Administrator, on behalf of the Trustee, shall prepare and deliver any notices required to be delivered under the Corridor Contracts. The Securities Administrator, on behalf of the Trustee, shall terminate the Corridor Contracts upon the occurrence of certain events of default or termination events to the extent specified thereunder.
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (Homestar Mortgage Acceptance Corp Asset-Backed Pass-Through Certificates, Series 2004-4), Pooling and Servicing Agreement (Homestar Mortgage Acceptance Corp Asset Backed Pass-Through Certificates, 2004-6), Pooling and Servicing Agreement (Opteum Mortgage Acceptance Corp Asset Backed Pass-Through Certificates, 2005-1)
