Net WAC Rate Carryover Reserve Account definition

Net WAC Rate Carryover Reserve Account. The Net WAC Rate Carryover Reserve Account established and maintained pursuant to Section 4.10.

Net WAC Rate Carryover Reserve Account. The account established and maintained pursuant to Section 4.07.

Net WAC Rate Carryover Reserve Account. The account established and maintained pursuant to Section 3.28.

Examples of Net WAC Rate Carryover Reserve Account in a sentence

• Amounts on deposit in the Net WAC Rate Carryover Reserve Account shall remain uninvested.

• By accepting a Class C Certificate, each Class C Certificateholder hereby agrees to direct the Trustee, and the Trustee hereby is directed, to deposit into the Net WAC Rate Carryover Reserve Account the amounts described above on each Distribution Date as to which there is any Net WAC Rate Carryover Amount rather than distributing such amounts to the Class C Certificateholders.

• The Net WAC Rate Carryover Reserve Account will be an “outside reserve fund” within the meaning of Treasury Regulation Section 1.860G-2(h).

• For federal income tax purposes, each holder of a Class A or Mezzanine Certificate is deemed to own an undivided beneficial ownership interest in a REMIC regular interest and the right to receive payments from either the Net WAC Rate Carryover Reserve Account or the Swap Account in respect of the Net WAC Rate Carryover Amount or the obligation to make payments to the Swap Account.

• The Net WAC Rate Carryover Reserve Account will be an "outside reserve fund" within the meaning of Treasury regulation Section 1.860G-2(h).

More Definitions of Net WAC Rate Carryover Reserve Account

Net WAC Rate Carryover Reserve Account. The reserve account established and maintained pursuant to Section 3.28.

Net WAC Rate Carryover Reserve Account. As defined in Section 3.27.

Net WAC Rate Carryover Reserve Account. The separate Eligible Account created and maintained by the Trustee pursuant to Sections 3.27(a) in the name of the Trust Administrator for the benefit of the Holders of Regular Certificates and designated “Wxxxx Fargo Bank, N.A. in trust for registered holders of Fremont Home Loan Trust [200___-___], Mortgage-Backed Certificates, Series [200___-___].” Funds in the Net WAC Rate Carryover Reserve Account shall be held in trust for the Holders of Regular Certificates for the uses and purposes set forth in this Agreement. Amounts on deposit in the Net WAC Rate Carryover Reserve Account shall not be invested. The Net WAC Rate Carryover Reserve Account shall not be an asset of any Trust REMIC.

Net WAC Rate Carryover Reserve Account. As defined in Section 3.28.

Net WAC Rate Carryover Reserve Account. The reserve fund established and maintained pursuant to Section 3.28.

Net WAC Rate Carryover Reserve Account. The account established and maintained pursuant to Section 4.04. Nexstar: Nexstar Financial Corporation, and its successors and assigns, in its capacity as Servicer of the Nexstar Mortgage Loans.

Net WAC Rate Carryover Reserve Account. The account established and maintained pursuant to Section 5.04 of the Sale and Servicing Agreement.