Corridor Agreement definition

Corridor Agreement. The corridor agreement, dated as of July 14, 2005, between the Trustee, on behalf of the Issuer, and the Counterparty, having an initial notional amount of $1,013,866,867. Corridor Agreement Payments: The payments made to, and received by, the Trust Administrator, on behalf of the Issuer, under the Corridor Agreement..
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Corridor Agreement. The interest rate corridor agreement, dated November 30, 2006, between Barclays Bank PLC, as corridor provider, and the Trustee.
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Corridor Agreement. The corridor agreement between the Trustee, on behalf of the Trust Fund, and the Corridor Provider, relating to the Class A Certificates and the Subordinated Certificates, a copy of which is attached as Exhibit G to this Agreement.
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Examples of Corridor Agreement in a sentence

  • The Lower-Tier REMIC shall hold as assets the assets described in the definition of "Trust Fund" herein (other than the Prepayment Premiums, the Interest Rate Corridor Agreement and the Excess Reserve Fund Account).

  • The Class P Certificates represent beneficial ownership of the Prepayment Premiums, each Class of Offered Certificates represents a beneficial ownership of a regular interest in the Upper-Tier REMIC and the right to receive Basis Risk Carry Forward Amounts and the Class X Certificates represent beneficial ownership of a regular interest in the Upper-Tier REMIC, the Interest Rate Corridor Agreement and the Excess Reserve Fund Account, which portions of the Trust Fund shall be treated as a grantor trust.

  • On each Distribution Date, the Trustee will deposit into the Corridor Reserve Fund any amounts received pursuant to the Corridor Agreement.

  • The Depositor hereby directs the Trustee to execute, deliver and perform its obligations under, and make the representations contained in, the Master Agreement (including the Cap Agreement and the Corridor Agreement) on the Closing Date and thereafter on behalf of, and for the benefit of, the Certificateholders.

  • Tax Classification of the Excess Reserve Fund Account and the Interest Rate Corridor Agreement..........................

  • Section 9.13 Tax Classification of the Excess Reserve Fund Account and the Interest Rate Corridor Agreement.

  • For federal income tax purposes, the Securities Administrator shall treat the Excess Reserve Fund Account and the Interest Rate Corridor Agreement as beneficially owned by the holder of the Class X Certificates and shall treat such portion of the Trust Fund as a grantor trust under subpart E, Part I of subchapter J of the Code.

  • Accordingly, each Class of Offered Certificates will comprise two components--a regular interest in the Upper-Tier REMIC and an interest in an interest rate cap contract, and the Class X Certificates will be comprised of three components--a regular interest in the Upper-Tier REMIC, an interest in the Interest Rate Corridor Agreement and the Excess Reserve Fund Account.

  • The Trustee shall collect payments due under and otherwise enforce the terms of the Corridor Agreement.

  • The Securities Administrator makes no representations as to the validity or sufficiency of this Agreement, the Interest Rate Corridor Agreement or of the Certificates or of any Mortgage Loan or related document other than with respect to the Securities Administrator's execution and authentication of the Certificates.


More Definitions of Corridor Agreement

Corridor Agreement. Any or all of the Group 1 Corridor Agreement, the Group 2 Corridor Agreement and/or the Subordinate Corridor Agreement.
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Related to Corridor Agreement

  • Vendor Agreement means any form of agreement or documentation provided by the Contractor, including without limitation, an on-line agreement, proposal, or invoice, whether made a part of the Agreement or effective or purporting to be effective outside of the Agreement.

  • Easement Agreement means any conditions, covenants, restrictions, easements, declarations, licenses and other agreements listed as Permitted Encumbrances or as may hereafter affect the Leased Premises.

  • Foundation Agreement means the agreement dated the 20th February 1985 made between the Trustee, the Manager, ▇▇▇▇▇▇▇▇, Genting WA and Tileska providing for the subscription of Units and Options;

  • Credit Enhancement Agreement means the Agreement among the Sellers, the Master Servicer, the Trustee and the Credit Enhancement Provider with respect to the Credit Enhancement.

  • Property Management Agreement means that certain management agreement between the Company and the Property Manager with respect to the management of the Property.