Corridor Contract definition

Examples of Corridor Contract in a sentence

  • The Corridor Contract Administrator hereby agrees to perform the calculations necessary to distribute payments in accordance with this Section 4.

  • The Corridor Contract Administrator shall, absent manifest error, be entitled to rely on information provided by the Trustee and the Counterparty.

  • The Trustee shall treat the rights of the Holders of the Covered Certificates to receive payments from the Corridor Contract Reserve Fund as rights in an interest rate corridor contract written by the Corridor Contract Counterparty.

  • Such written report may contain such assumptions and disclaimers as are deemed necessary and appropriate by the Corridor Contract Administrator.

  • The Corridor Contract Account shall be an "Eligible Account" as defined in the Pooling and Servicing Agreement and, if the Trust Fund is terminated pursuant to the Pooling and Servicing Agreement prior to the termination of this Agreement, the Corridor Contract Account shall be an account that would otherwise qualify as an "Eligible Account" under the Pooling and Servicing Agreement had the termination of the Trust Fund not occurred.


More Definitions of Corridor Contract

Corridor Contract. With respect to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates, the transaction evidenced by the related Confirmation (assigned to the Trustee pursuant to the Assignment Agreement), a form of which is attached hereto as Exhibit R. Corridor Contract Counterparties: Bank of America, N.A. and Bear Stearns Financial Products Inc.
Corridor Contract. With respect to the Class of Covered Certificates, the transaction evidenced by the Corridor Contract Novation Confirmation, a form of which is attached hereto as Exhibit R. Corridor Contract Counterparty: Bank of America, N.A.
Corridor Contract. The interest rate corridor cap agreement between the Supplemental Interest Trust and the Cap Counterparty evidenced by the confirmation FXNEC8813 relating to the Class 2-A-1 Certificates, a form of which is attached to this Agreement as Exhibit P.
Corridor Contract. The transaction evidenced by the Confirmation, a form of which is attached hereto as Exhibit M.
Corridor Contract. The long form confirmation, between the Securities Administrator on behalf of the Issuing Entity and the Cap Contract Counterparty (in the form of Exhibit N hereto).