Common use of Basis Risk Reserve Fund Clause in Contracts

Basis Risk Reserve Fund. (a) On the Closing Date, the Securities Administrator shall establish and maintain in its name, in trust for the benefit of the holders of the Class A-1-A, Class X-0X, Xxxxx X-0X, Xxxxx X-0X, Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 and Class B-6 Certificates, a Basis Risk Reserve Fund, into which the Depositor shall deposit $1,000. The Basis Risk Reserve Fund shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Trustee held pursuant to this Agreement. The Basis Risk Reserve Fund shall not be an asset of any REMIC established hereby.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (DSLA Mortgage Loan Trust 2004-Ar1), Pooling and Servicing Agreement (DSLA Mortgage Loan Trust 2004-Ar1)

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Basis Risk Reserve Fund. (a) On the Closing Date, the Securities Administrator shall establish and maintain in its name, in trust for the benefit of the holders of the Class A-1-A1A-1A, Class X-0X1A-1B, Class 2A-1A, Class 2A-1B, Class 2A-1C, Class X-0, Xxxxx X-0X, Xxxxx X-0XX-0, Class B-1M-3, Class B-2M-4, Class B-3M-5, Class B-4M-6, Class B-5 M-7, Class M-8 and Class B-6 M-9 Certificates, a Basis Risk Reserve Fund, into which the Depositor shall deposit $1,000. The Basis Risk Reserve Fund shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Trustee Securities Administrator held pursuant to this Agreement. The Basis Risk Reserve Fund shall not be an asset of any REMIC established hereby.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Dsla 2007-Ar1), Pooling and Servicing Agreement (Harborview 2006-Bu1)

Basis Risk Reserve Fund. (a) On the Closing Date, the Securities Administrator shall establish and maintain in its name, in trust for the benefit of the holders of the Class A-1-A1A-1A, Class X-0X1A-1B, Class 2A-1A, Class 2A-1B, Class 2A-1C, Class X-0, Xxxxx X-0X, Xxxxx X-0XX-0, Class B-1M-3, Class B-2M-4, Class B-3M-5, Class B-4M-6, Class B-5 M-7, Class M-8, Class M-9 and Class B-6 M-10 Certificates, a Basis Risk Reserve Fund, into which the Depositor shall deposit $1,000. The Basis Risk Reserve Fund shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Trustee held pursuant to this Agreement. The Basis Risk Reserve Fund shall not be an asset of any REMIC established hereby.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Dsla Mortgage Loan Trust 2006-Ar1), Pooling and Servicing Agreement (Dsla Mortgage Loan Trust 2006-Ar1)

Basis Risk Reserve Fund. (a) On the Closing Date, the Securities Administrator shall establish and maintain in its name, in trust for the benefit of the holders of the Class A-11-A, Class X-0X2-A2, Xxxxx X-0XClass 2-A3, Xxxxx X-0XClass 2-A4A, Class 2-A4B, Class 3-A2, Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 and Class B-6 Certificates, a Basis Risk Reserve Fund, into which the Depositor shall deposit $1,000. The Basis Risk Reserve Fund shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Trustee held pursuant to this Agreement. The Basis Risk Reserve Fund shall not be an asset of any REMIC established hereby.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (HarborView Mortgage Loan Trust 2004-8), Pooling and Servicing Agreement (HarborView Mortgage Loan Trust 2004-8)

Basis Risk Reserve Fund. (a) On the Closing Date, the Securities Administrator Trustee shall establish and maintain in its name, in trust for the benefit of the holders of the Class A-1-A1A-1A, Class X-0X2A-1A, Xxxxx X-0XClass 2A-1B1, Xxxxx X-0XClass 2A-1B2, Class 2A-1C1, Class 2A-1C2, Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 B-5, Class B-6 and Class B-6 B-7 Certificates, a Basis Risk Reserve Fund, into which the Depositor shall deposit $1,000. The Basis Risk Reserve Fund shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Trustee held pursuant to this Agreement. The Basis Risk Reserve Fund shall not be an asset of any REMIC established hereby.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Harborview 2006-9)

Basis Risk Reserve Fund. (a) On the Closing Date, the Securities Administrator shall establish and maintain in its name, in trust for the benefit of the holders of the Class A-1-A1A-1A, Class X-0X1A-1B, Class 2A-1A, Class 2A-1B, Class 2A-1C, Class X-0, Xxxxx X-0X, Xxxxx X-0XX-0, Class B-1M-3, Class B-2M-4, Class B-3, Class B-4, Class B-5 M-5 and Class B-6 M-6 Certificates, a Basis Risk Reserve Fund, into which the Depositor shall deposit $1,000. The Basis Risk Reserve Fund shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Trustee held pursuant to this Agreement. The Basis Risk Reserve Fund shall not be an asset of any REMIC established hereby.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (DSLA Mortgage Loan Trust 2005-Ar6)

Basis Risk Reserve Fund. (a) On the Closing Date, the Securities Administrator shall establish and maintain in its name, in trust for the benefit of the holders of the Class A-1-A, Class X-0X, Xxxxx X-0X, Xxxxx X-0X, Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 and Class B-6 Certificates, a Basis Risk Reserve Fund, into which the Depositor shall deposit $1,000. The Basis Risk Reserve Fund shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Trustee held pursuant to this Agreement. The Basis Risk Reserve Fund shall not be an asset of any REMIC established hereby.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (DSLA Mortgage Loan Trust 2004-Ar2)

Basis Risk Reserve Fund. (a) On the Closing Date, the Securities Administrator shall establish and maintain in its name, in trust for the benefit of the holders of the Class A-11-A, Class X-0X2-A1A, Xxxxx X-0XClass 2-A1B, Xxxxx X-0XClass 2-A2, Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 and Class B-6 Certificates, a Basis Risk Reserve Fund, into which the Depositor shall deposit $1,000. The Basis Risk Reserve Fund shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Trustee held pursuant to this Agreement. The Basis Risk Reserve Fund shall not be an asset of any REMIC established hereby.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Greenwich Dsla Mortgage Loan Trust 2005-Ar1)

Basis Risk Reserve Fund. (a) On the Closing Date, the Securities Administrator shall establish and maintain in its name, in trust for the benefit of the holders of the Class A-11-AA1A, Class X-0X2-A1A, Xxxxx X-0XClass 2-A1B, Xxxxx X-0XClass 2-A2A, Class 2-A2B, Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 and Class B-6 Certificates, a Basis Risk Reserve Fund, into which the Depositor shall deposit $1,000. The Basis Risk Reserve Fund shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Trustee held pursuant to this Agreement. The Basis Risk Reserve Fund shall not be an asset of any REMIC established hereby.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (DSLA Mortgage Loan Trust 2004-Ar4)

Basis Risk Reserve Fund. (a) On the Closing Date, the Securities Administrator shall establish and maintain in its name, in trust for the benefit of the holders of the Class A-11-AA1A, Class X-0X1-A1B, Xxxxx X-0XClass 2-A1A, Xxxxx X-0XClass 2-A1B, Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 B-5, Class B-6 and Class B-6 B-7 Certificates, a Basis Risk Reserve Fund, into which the Depositor shall deposit $1,000. The Basis Risk Reserve Fund shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Trustee held pursuant to this Agreement. The Basis Risk Reserve Fund shall not be an asset of any REMIC established hereby.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Dsla Mortgage Loan Trust 2005-Ar5)

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Basis Risk Reserve Fund. (a) On the Closing Date, the Securities Administrator shall establish and maintain in its name, in trust for the benefit of the holders of the Class A-1-A1A-1A, Class X-0X2A-1A, Xxxxx X-0XClass 2A-1B, Xxxxx X-0XClass 2A-1C, Class 2A-2C, Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 B-5, Class B-6 and Class B-6 B-7 Certificates, a Basis Risk Reserve Fund, into which the Depositor shall deposit $1,000. The Basis Risk Reserve Fund shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Trustee Securities Administrator held pursuant to this Agreement. The Basis Risk Reserve Fund shall not be an asset of any REMIC established hereby.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (HarborView 2006-14)

Basis Risk Reserve Fund. (a) On the Closing Date, the Securities Administrator shall establish and maintain in its name, in trust for the benefit of the holders of the Class A-1-A1A-1, Class X-0X2A-1A, Xxxxx X-0XClass 2A-1B, Xxxxx X-0XClass 2A-1C, Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 B-5, Class B-6, Class B-7 and Class B-6 B-8 Certificates, a Basis Risk Reserve Fund, into which the Depositor shall deposit $1,000. The Basis Risk Reserve Fund shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Trustee Securities Administrator held pursuant to this Agreement. The Basis Risk Reserve Fund shall not be an asset of any REMIC established hereby.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Harborview 2006-8)

Basis Risk Reserve Fund. (a) On the Closing Date, the Securities Administrator shall establish and maintain in its name, in trust for the benefit of the holders of the Class A-1-A1A, Class X-0X2A-1A, Xxxxx X-0XClass 2A-1B, Xxxxx X-0XClass 2A-1C, Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 B-5, Class B-6 and Class B-6 B-7 Certificates, a Basis Risk Reserve Fund, into which the Depositor shall deposit $1,000. The Basis Risk Reserve Fund shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Trustee Securities Administrator held pursuant to this Agreement. The Basis Risk Reserve Fund shall not be an asset of any REMIC established hereby.. 115

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Harborview 2006-7)

Basis Risk Reserve Fund. (a) On the Closing Date, the Securities Administrator shall establish and maintain in its name, in trust for the benefit of the holders of the Class A-12-AA2A, Class X-0X, Xxxxx X-0X, Xxxxx X-0X2-A2B, Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 and Class B-6 Certificates, a Basis Risk Reserve Fund, into which the Depositor shall deposit $1,000. The Basis Risk Reserve Fund shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Trustee held pursuant to this Agreement. The Basis Risk Reserve Fund shall not be an asset of any REMIC established hereby.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (DSLA Mortgage Loan Trust 2004-Ar3)

Basis Risk Reserve Fund. (a) On the Closing Date, the Securities Administrator Trustee shall establish and maintain in its name, in trust for the benefit of the holders of the Class A-11-A, Class X-0X4-A1A, Xxxxx X-0XClass 4-A1B, Xxxxx X-0XClass 4-A2, Class 4-A3, Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 and Class B-6 Certificates, a Basis Risk Reserve Fund, into which the Depositor shall deposit $1,000. The Basis Risk Reserve Fund shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Trustee held pursuant to this Agreement. The Basis Risk Reserve Fund shall not be an asset of any REMIC established hereby.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (HarborView Mortgage Loan Trust 2004-9)

Basis Risk Reserve Fund. (a) On the Closing Date, the Securities Administrator shall establish and maintain in its name, in trust for the benefit of the holders of the Class A-1-A1A-1A, Class X-0X2A-1A, Xxxxx X-0XClass 2A-1B, Xxxxx X-0XClass 2A-1C, Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 B-5, Class B-6, Class B-7 and Class B-6 B-8 Certificates, a Basis Risk Reserve Fund, into which the Depositor shall deposit $1,000. The Basis Risk Reserve Fund shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Trustee Securities Administrator held pursuant to this Agreement. The Basis Risk Reserve Fund shall not be an asset of any REMIC established hereby.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (HarborView 2007-2)

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