Cap Contract Payment Amount. With respect to any Distribution Date and a Cap Contract, the amounts received from such Cap Contract, if any, on such Distribution Date.
Cap Contract Payment Amount. With respect to any Distribution Date, the amount received from the Cap Contracts.
Examples of Cap Contract Payment Amount in a sentence
On each Payment Date, any Cap Contract Payment Amount remitted by the Cap Contract Counterparty under the Cap Contract will be deposited by the Securities Administrator into the Payment Account and included within Interest Funds for such Payment Date.Section 4.03 Payment of Principal and Interest.
More Definitions of Cap Contract Payment Amount
Cap Contract Payment Amount. With respect to any Payment Date, the amount payable by the Cap Counterparty under the Cap Contract based upon the Confirmation thereto attached as Exhibit I.
Cap Contract Payment Amount. With respect to any Distribution Date and a Cap Contract, the amounts received from such Cap Contract, if any, on such Distribution Date. Cap Reserve Account: The trust account or accounts created and maintained by the Securities Administrator pursuant to Section 4.08 hereof, which shall be denominated “JPMorgan Chase Bank, National Association, as Trustee f/b/o holders of Structured Asset Mortgage Investments II Inc., Bear Sxxxxxx ALT-A Trust 2005-8, Mortgage Pass-Through Certificates, Series 2005-8 – Cap Reserve Account.” For purposes of the REMIC Provisions, the Cap Reserve Account will be an outside reserve fund. For federal income tax purposes, the Class B-IO Certificateholder shall be treated as the owner of the Cap Reserve Account and shall include any investment earnings on the Cap Reserve Account in income for such purposes. Any amounts distributed to the Cap Reserve Account from any REMIC created hereunder shall be treated as having been distributed to the Class B-IO Certificateholder from such REMIC.
Cap Contract Payment Amount. With respect to any Distribution Date, the amounts received from the Cap Contracts, if any. Cendant: Cendant Mortgage Corporation, and any successor thereto.
Cap Contract Payment Amount. The amount, if any, received by the Trustee for the benefit of the Trust Fund in respect of the Cap Contract.
Cap Contract Payment Amount. With respect to any Distribution Date and the Cap Contract, the amounts received from such Cap Contract, if any, on such Distribution Date. Certificate: Any one of the certificates of any Class executed and authenticated by the Trustee in substantially the forms attached hereto as Exhibits A-1 through A-5.
Cap Contract Payment Amount. With respect to any Distribution Date and a Cap Contract, the amounts received from such Cap Contract, if any, on such Distribution Date. Cap Reserve Account: The trust account or accounts created and maintained by the Securities Administrator pursuant to Section 4.08 hereof, which shall be denominated "JPMorgan Chase Bank, National Association, as Trustee f/b/o holders of Structured Asset Mortgage Investments II Inc., Bear Xxxxxxx ALT-A Trust 2005-9, Mortgage Pass-Through Certificates, Series 2005-9 - Cap Reserve Account." For purposes of the REMIC Provisions, the Cap Reserve Account will be an outside reserve fund. For federal income tax purposes, the Class B-IO Certificateholder shall be treated as the owner of the Cap Reserve Account and shall include any investment earnings on the Cap Reserve Account in income for such purposes. Any amounts distributed to the Cap Reserve Account from any REMIC created hereunder shall be treated as having been distributed to the Class B-IO Certificateholder from such REMIC. Certificate: Any mortgage pass-through certificate evidencing a beneficial ownership interest in the Trust Fund signed and countersigned by the Securities Administrator in substantially the forms annexed hereto as Exhibits X-0, X-0, X-0, X-0, X-0-0, X-0-0, X-0, X-0, X-0, X-0, X-00 and A-11 with the blanks therein appropriately completed.
Cap Contract Payment Amount. With respect to any Payment Date, the aggregate amount payable by the Cap Contract Counterparties under the Cap Contracts.