Carryover Account definition

Carryover Account means the amount of an Insured’s accrued Carryover Benefits.
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Carryover Account means the amount of an Insured’s accrued
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Examples of Carryover Account in a sentence

  • Funds on deposit in the Net WAC Rate Reserve Carryover Account may be invested in Permitted Investments in accordance with Section 3.06 subject to any limitations set forth in Section 4.10 and any investment earnings or interest paid shall accrue to the benefit of the party designated in such section.

  • The Net WAC Rate Carryover Account shall not be an asset of any Trust REMIC.

  • The Certificateholders' Interest Carryover Account will not be an asset of any of the Pooling REMIC, the Intermediate REMIC, or the Issuing REMIC.

  • Distributions to the holders of the Class X Certificates out of the Certificateholders' Interest Carryover Account shall not be considered to be distributions from any of the Pooling REMIC, the Intermediate REMIC, or the Issuing REMIC.

  • Amounts on deposit in the Certificateholders' Interest Carryover Account shall not be reinvested.

  • The Certificateholders' Interest Carryover Account shall be an Eligible Account.

  • For federal income tax purposes, the holders of the Class X Certificates will be treated as the owners of the Certificateholders' Interest Carryover Account and the Trustee and the holders of the Class X Certificates shall treat amounts distributed by the Issuing REMIC to the Certificateholders' Interest Carryover Account as having been distributed with respect to the Class X Certificates and as reducing the Class X Strip Amount or the Class X Carryover Strip Amount, as applicable.

  • In accordance with Section 10.01 of the Standard Terms, the Trustee will make an election to treat all of the assets of the Trust (except the Pre-Funding Account, the Capitalized Interest Account, the Certificateholders' Interest Carryover Account, the Servicing Transition Account, and the Certificate Account), as three real estate mortgage investment conduits (each, a "REMIC" and, individually, the "Pooling REMIC," the "Intermediate REMIC" and the "Issuing REMIC") for federal income tax purposes.

  • No later than the Closing Date, the Trustee will establish and maintain the Certificateholders' Interest Carryover Account as a non-interest bearing trust account.

  • Funds on deposit in the Net WAC Rate Reserve Carryover Account may be invested in Permitted Investments in accordance with Section 3.06 and Section 4.10 (with respect to the Net WAC Rate Carryover Reserve Account) and any investment earnings or interest paid shall accrue to the benefit of the party designated in such section.