Cap Contract Account definition

Cap Contract Account. The separate Eligible Account created and maintained by the Trustee pursuant to Section 4.04(j) in the name of the Trustee for the benefit of the Issuing Entity and designated "U.S. Bank National Association, as trustee, in trust for registered holders of Specialty Underwriting and Residential Finance Trust, Mortgage Loan Asset-Backed Certificates, Series 2006-AB3." Funds in the Cap Contract Account shall be held in trust for the Issuing Entity for the uses and purposes set forth in this Agreement.

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Cap Contract Account. The separate account created and maintained by the Cap Contract Administrator pursuant to Section 3 with a depository institution in the name of the Cap Contract Administrator for the benefit of CHL and the Indenture Trustee on behalf of the Holders of the Benefited Notes and designated "JPMorgan Chase Bank, N.A. for Countrywide Home Loans, Inc. and certain registered Holders of Revolving Home Equity Loan Asset-Backed Notes, Series 2006-G". Funds in the Cap Contract Account shall be held for CHL and for the Indenture Trustee for the benefit of the Holders of the Benefited Notes as set forth in this Agreement.

Cap Contract Account. The separate Eligible Account created and maintained by the Trustee pursuant to Section 4.04(j) in the name of the Trustee for the benefit of the Trust Fund and designated "JPMorgan Chase Bank, N.A., as trustee, in trust for registered holders of Specialty Underwriting and Residential Finance Trust, Mortgage Loan Asset-Backed Certificates, Series 2005-AB2." Funds in the Cap Contract Account shall be held in trust for the Trust Fund for the uses and purposes set forth in this Agreement.

Examples of Cap Contract Account in a sentence

• The SWAP REMIC shall consist of all of the assets of the Trust Fund, other than (i) amounts distributable to the Class P Certificates pursuant to Section 4.04(b)(i) hereof, (ii) the interests issued by the SWAP REMIC and the interests issued by the Lower Tier REMIC, (iii) the grantor trusts described in Section 2.07 hereof, (iv) each Cap Contract and the Cap Contract Account and (v) the Swap Agreement and the Supplemental Interest Trust.

• The Trust Fund for federal income tax purposes will consist of (i) three real estate mortgage investment conduits, (ii) the right to receive payments distributable to the Class P Certificates pursuant to Section 4.04(b)(i) hereof, (iii) each Cap Contract and the Cap Contract Account, (iv) the grantor trusts described in Section 2.07 hereof and (v) the Supplemental Interest Trust, which in turn will hold the Swap Agreement.

• All funds deposited in the Cap Contract Account shall be held for the benefit of CHL and for the Indenture Trustee for the benefit of the Holders of the Benefited Notes until withdrawn in accordance with Section 4.

• The Cap Contract Administrator shall establish and maintain a Cap Contract Account into which the Cap Contract Administrator shall deposit or cause to be deposited on the Business Day of receipt, all amounts payable by the Counterparty under the Cap Contract.

• The Cap Contract Account shall be an "Eligible Account" as defined in the Indenture and, if the Indenture is satisfied and discharged in accordance with its terms prior to the termination of this Agreement, the Cap Contract Account shall be an account that would otherwise qualify as an "Eligible Account" under the Indenture had such satisfaction and discharge not occurred.

More Definitions of Cap Contract Account

Cap Contract Account means the account established and maintained on the Closing Date by the Indenture Trustee and in its name, in trust for the benefit of the Class A Notes, pursuant to Section 8.01(c) of the Indenture.

Cap Contract Account. The separate Eligible Account created and maintained by the Trustee pursuant to Section 4.04(k) in the name of the Trustee for the benefit of the Trust Fund and designated "▇▇▇▇▇ Fargo Bank Minnesota, National Association, as trustee, in trust for registered holders of ▇▇▇▇▇▇▇ ▇▇▇▇▇ Mortgage Investors Trust, Mortgage Loan Asset-Backed Certificates, Series 2003-WMC2." Funds in the Cap Contract Account shall be held in trust for the Trust Fund for the uses and purposes set forth in this Agreement.

Cap Contract Account. The separate Eligible Account created and maintained by the Securities Administrator pursuant to Section 4.04(k)(i) in the name of the Trustee for the benefit of the Trust Fund and designated "LaSalle Bank National Association, as securities administrator for Citibank, N.A., as trustee, in trust for registered holders of First Franklin Mortgage Loan Trust, Mortgage Loan Asset- Backed Certificates, Series 2005-FF12." Funds in the Cap Contract Account shall be held in trust for the Trust Fund for the uses and purposes set forth in this Agreement.

Cap Contract Account. The separate Eligible Account created and maintained by the Securities Administrator pursuant to Section 4.04(k)(i) in the name of the Trustee for the benefit of the Trust Fund and designated "[SECURITIES ADMINISTRATOR], as securities administrator for [TRUSTEE], as trustee, in trust for registered holders of [TRUST NAME], Mortgage Loan Asset-Backed Certificates, Series [_______]." Funds in the Cap Contract Account shall be held in trust for the Trust Fund for the uses and purposes set forth in this Agreement.

Cap Contract Account. The separate Eligible Account created and maintained by the Supplemental Interest Trust Trustee pursuant to Section 4.04(l) in the name of the Supplemental Interest Trust Trustee for the benefit of the Trust Fund and designated "LaSalle Bank National Association, as trustee, in trust for registered holders of First Franklin Mortgage Loan Trust, Mortgage Loan Asset-Backed Certificates, Series 2007-FFA." Funds in the Cap Contract Account shall be held in trust for the Issuing Entity for the uses and purposes set forth in this Agreement.

Cap Contract Account. The separate Eligible Account created and maintained by the Trustee pursuant to Section 4.04(k) in the name of the Trustee for the benefit of the Trust Fund and designated "Wells Fargo Bank, N.A., as Trustee, in trust for registered holders of ▇▇▇▇ill Lynch Mortgage Investors Trust, Mortgage Loan Asset-Backed Cer▇▇▇▇▇▇▇e▇, ▇▇ries 2005-HE2." Funds in the Cap Contract Account shall be held in trust for the Trust Fund for the uses and purposes set forth in this Agreement.

Cap Contract Account. The separate Eligible Account created and maintained by the Securities Administrator pursuant to Section 4.04(k) in the name of the Trustee for the benefit of the Trust Fund and designated "▇▇▇▇▇ Fargo Bank, N.A., as securities administrator for HSBC Bank USA, National Association, as trustee, in trust for registered holders of ▇▇▇▇▇▇▇ ▇▇▇▇▇ Mortgage Investors Trust, Mortgage Loan Asset-Backed Certificates, Series 2005-WMC1." Funds in the Cap Contract Account shall be held in trust for the Trust Fund for the uses and purposes set forth in this Agreement.