Principal Reserve Fund definition

Principal Reserve Fund. The separate fund created and initially maintained by the Trustee pursuant to Section 3.05(h) in the name of the Trustee for the benefit of the Holders of the Certificates and designated "The Bank of New York in trust for registered holders of CWMBS, Inc., CHL Mortgage Pass-Through Trust 2006-TM1, Mortgage Pass-Through Certificates, Series 2006-TM1." Funds in the Principal Reserve Fund shall be held in trust for the Holders of the Certificates for the uses and purposes set forth in this Agreement.
Principal Reserve Fund. A separate Eligible Account created and maintained by the Trustee pursuant to Section 3.05(i) with a depository institution in the name of the Trustee for the benefit of the Class P Certificateholders specified in Section 3.05(j) and designated "The Bank of New York, Principal Reserve Fund in trust for registered holders of CWMBS 2006-J2 CHL Mortgage Pass-Through Trust, Mortgage Pass-Through Certificates, Series 2006-J2, Class P".
Principal Reserve Fund means the Eligible Account established and maintained by the Indenture Trustee pursuant to Section 8.01(d) of the Indenture.

Examples of Principal Reserve Fund in a sentence

Revenue Account Subject to the provisions of the Assignment, the Corporation shall cause all Pledged Receipts, excluding all amounts to be deposited pursuant to the Resolution in the Principal Reserve Fund, to be deposited promptly with the Trustee in the Revenue Account.

Establishment of Accounts The Resolution establishes the following special trust accounts to be held and maintained by the Trustee in accordance with the Resolution: (1) Bond Proceeds Account; (2) Revenue Account (including the Credit Facility Payments Sub-Account therein); (3) Redemption Account; and (4) Principal Reserve Fund.

Investment Income earned on amounts on deposit in the Principal Reserve Fund shall be retained in the Principal Reserve Fund.

If no Principal Reserve Fund Deposit Schedule is attached to the Note, no such redemption shall occur.

Funds on deposit in the Principal Reserve Fund shall not be invested.


More Definitions of Principal Reserve Fund

Principal Reserve Fund. The separate Eligible Account 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 Class P Certificates and designated "The Bank of New York in trust for registered holders of CWALT, Inc., Alternative Loan Trust 2006-OA16, Mortgage Pass-Through Certificates, Series 2006-OA16." Funds in the Principal Reserve Fund shall be held in trust for the Holders of the Class P Certificates for the uses and purposes set forth in this Agreement.
Principal Reserve Fund. The separate Eligible Account 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 Class P Certificates and designated "The Bank of New York in trust for registered holders of CWALT, Inc., Alternative Loan Trust 2006-OC7, Mortgage Pass-Through
Principal Reserve Fund. A separate Eligible Account created and maintained by the Trustee pursuant to Section 3.05(g) with a depository institution in the name of the Trustee for the benefit of the Class P Certificateholders specified in Section 3.05(g) and designatedThe Bank of New York, Principal Reserve Fund in trust for registered holders of CWMBS 2007-HY7 CHL Mortgage Pass-Through Trust, Mortgage Pass-Through Certificates, Series 2007-HY7, Class 1-P, Class 2-P, Class 3-P and Class 4-P.”
Principal Reserve Fund means the Principal Reserve Fund established pursuant to the Resolution.
Principal Reserve Fund means the Principal Reserve Fund established pursuant to Section 8.2.
Principal Reserve Fund. Not applicable.
Principal Reserve Fund means the Principal Reserve Fund established by the Trustee pursuant to the Indenture.