Carryover Reserve Fund definition

Carryover Reserve Fund. The separate Eligible Account created and initially maintained by the Trustee pursuant to Section 4.08 in the name of the Trustee for the benefit of the Certificateholders and designated "The Bank of New York in trust for registered holders of CWABS, Inc., Asset-Backed Certificates, Series 2001-3". Funds in the Carryover Reserve Fund shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement.

Carryover Reserve Fund. The separate Eligible Account created and initially maintained by the Trustee pursuant to Section 3.05(g) in the name of the Trustee for the benefit of the Holders of the LIBOR Certificates and designated "The Bank of New York in trust for registered holders of CWALT, Inc., Alternative Loan Trust 2007-HY9, Mortgage Pass-Through Certificates, Series 2007-HY9." Funds in the Carryover Reserve Fund shall be held in trust for the Holders of the LIBOR Certificates for the uses and purposes set forth in this Agreement.

Carryover Reserve Fund. The separate Eligible Account created and maintained by the Trustee pursuant to Section 4.06 with a depository institution in the name of the Trustee for the benefit of the Certificateholders and designated "Deutsche Bank National Trust Company, in trust for the registered holders of IndyMac INDX Mortgage Loan Trust 2007-FLX1, Mortgage Pass-Through Certificates, Series 2007-FLX1." Certificate: Any one of the certificates issued by the Trust Fund and executed by the Trustee in substantially the forms attached as exhibits.

Examples of Carryover Reserve Fund in a sentence

• The Carryover Reserve Fund shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including without limitation, other moneys held by the Trustee pursuant to this Agreement.

• No expenses incurred in connection with any instrument of satisfaction or deed of reconveyance shall be chargeable to the Certificate Account, the Distribution Account, the Carryover Reserve Fund or the related subservicing account.

• The Carryover Reserve Fund shall not be an asset of any REMIC established by this Agreement.

• The Carryover Reserve Fund shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Trustee held pursuant to this Agreement.

• Upon presentation and surrender of the related Certificates, the Trustee shall cause to be distributed to Certificateholders of each affected Class the amounts allocable to such Certificates held in the Distribution Account (and, if applicable, the Carryover Reserve Fund) in the order and priority set forth in Section 4.04 hereof on the final Distribution Date and in proportion to their respective Percentage Interests.

More Definitions of Carryover Reserve Fund

Carryover Reserve Fund. The account established and maintained by the Trust Administrator pursuant to Section 3.07(h).

Carryover Reserve Fund. The separate Eligible Account created and initially maintained by the Trustee pursuant to Section 4.08 in the name of the Trustee for the benefit of the Certificateholders and designated "The Bank of New York in trust for registered holders of CWABS, Inc., Asset-Backed Certificates, Series 2003-BC4". Funds in the Carryover Reserve Fund shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created under this Agreement.

Carryover Reserve Fund. The separate Eligible Account created and maintained by the Trustee pursuant to Section 4.06.

Carryover Reserve Fund. The custodial account or accounts created and maintained for the benefit of the Certificateholders pursuant to Section 4.04(a). The Carryover Reserve Fund shall be an Eligible Account. Certificate: A Class A Certificate, Class M Certificate or Class R Certificate.

Carryover Reserve Fund. The separate fund created and initially maintained by the Trustee pursuant to Section 3.05(c) in the name of the Trustee for the benefit of the Holders of the LIBOR Certificates and designated “The Bank of New York in trust for registered holders of BellaVista Mortgage Trust 2004-2, Mortgage Pass-Through Certificates, Series 2004-2.” Funds in the Carryover Reserve Fund shall be held in trust for the Holders of the LIBOR Certificates for the uses and purposes set forth in this Agreement.

Carryover Reserve Fund. The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06(h) in the name of the Trustee for the benefit of the LIBOR Certificateholders and designated "Deutsche Bank National Trust Company in trust for registered holders of Residential Asset Securitization Trust 2002-A7, Mortgage Pass-Through Certificates, Series 2002-G, Class A-1." Funds in the Carryover Reserve Fund shall be held in trust for the LIBOR Certificateholders for the uses and purposes set forth in this Agreement. The Carryover Reserve Fund will not be an asset of any REMIC.

Carryover Reserve Fund. The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06(h) in the name of the Trustee for the benefit of the LIBOR Certificateholders and designated "Bankers Trust Company of California, N.A. in trust for registered holders of Residential Asset Securitization Trust 2002-A4, Mortgage Pass-Through Certificates, Series 2002-D, Class A-1." Funds in the Carryover Reserve Fund (other than investment income) shall be held in trust for the LIBOR Certificateholders for the uses and purposes set forth in this Agreement. The Carryover Reserve Fund will not be an asset of any REMIC.