Examples of Basis Risk Carryforward in a sentence
On each Payment Date, the Indenture Trustee shall distribute to the Noteholders, as Basis Risk Carryforward, funds on deposit in the Cap Contract Account up to the Cap Payment Entitlement and any amounts remaining in the Cap Contract Account (other than any early termination payment) to the Sponsor.
The Basis Risk Carryforward will be paid to a class of Notes to the extent funds are available from the Mortgage Loans in the related Loan Group as set forth in "Group 1 Distributions of Interest" or "Group 2 Distributions of Interest" (as applicable), below.
At the earlier of the retirement of the Principal Amount Notes and the termination of the Trust in accordance with Section 10.01, the Indenture Trustee shall distribute to the Depositor all monies remaining on deposit in the Basis Risk Carryforward Reserve Fund after making the distributions specified in Section 8.03(f).
The Basis Risk Carryforward Reserve Fund will not be an asset of any REMIC created under the Trust Agreement.
The Indenture Trustee shall invest amounts on deposit in the Basis Risk Carryforward Reserve Fund at the written direction of the Master Servicer in Eligible Investments payable on demand or maturing no later than the day before the next Payment Date.