Class XP Reserve Account definition

Class XP Reserve Account. The account established and maintained by the Securities Administrator pursuant to Section 4.09 hereof. Closing Date: November 21, 2005. Code: The Internal Revenue Code of 1986, as amended. Company: MortgageIT.
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Class XP Reserve Account. The account established and maintained by the Master Servicer pursuant to Section 4.07 hereof.
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Class XP Reserve Account. The account established and maintained by the Trustee pursuant to Section 4.09. Closing Date: April 30, 2007.
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Examples of Class XP Reserve Account in a sentence

  • On the Closing Date, the Depositor shall deposit $100 into the Class XP Reserve Account.

  • The Class XP Reserve Account will not represent an interest in any REMIC.

  • Amounts received by the Servicer in connection with Prepayment Charges on the Prepayment Charge Loans shall be remitted by the Servicer to the Trustee and deposited by the Trustee into the Class XP Reserve Account upon receipt thereof.

  • Amounts received by the Master Servicer or the Securities Administrator in connection with Prepayment Charges on the Prepayment Charge Loans shall be deposited into the Class XP Reserve Account by such party upon receipt thereof.

  • Funds on deposit in the Class XP Reserve Account shall be held in trust by the Securities Administrator for the holders of the Class XP Certificates.

  • On the Business Day prior to each Distribution Date, the Trustee shall withdraw the amount then on deposit in the Class XP Reserve Account and deposit such amount into the Distribution Account to be distributed to the Holders of the related Class XP Certificates in accordance with Section 6.01(e).

  • Funds on deposit in the Class XP Reserve Account shall be held in trust by the Master Servicer for the holder of the Class XP Certificate.

  • Funds on deposit in the Class XP Reserve Account shall be held in trust by the Trustee for the holder of the Class XP Certificates.

  • Funds on deposit in the Class XP Reserve Account shall be held in trust by the Master Servicer for the holder of the Class XP Certificates.

  • On the Business Day prior to each Distribution Date, the Trustee shall withdraw the amount then on deposit in the Class XP Reserve Account and deposit such amount into the Distribution Account to be distributed to the Holders of the Class XP Certificates in accordance with Section 6.01(f).