Basis Risk Reserve Fund. Any fund created hereunder and held as part of the Trust Fund but not as part of any REMIC created hereunder, to provide a source for payments of Cap Carryover Amounts.
Appears in 5 contracts
Samples: Pooling and Servicing Agreement (Saxon Asset Securities Trust 2002-1), Pooling and Servicing Agreement (Saxon Asset Securities Co), Pooling and Servicing Agreement (Saxon Asset Securities Trust 2002-2)
Basis Risk Reserve Fund. Any A fund created hereunder and held as part of the Trust Fund but not as part of any REMIC created hereunder, to provide a source for payments of Cap Carryover Amounts.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Saxon Asset Securities Co), Pooling and Servicing Agreement (Saxon Asset Sec Co Mort Loan Asset Backed Certs Ser 2003-3), Pooling and Servicing Agreement (Saxon Asset Securities Co)
Basis Risk Reserve Fund. Any A fund created hereunder and held as part of the Trust Fund but not as part of any REMIC created hereunder, to provide a source for payments distributions of Cap Carryover Amounts. The Basis Risk Reserve Fund will initially be funded with a deposit of $1,000.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Saxon Asset Securities Trust 2006-2)
Basis Risk Reserve Fund. Any A fund created hereunder and held as part of the Trust Fund but not as part of any REMIC created hereunder, to provide a source for payments of Cap Carryover Amounts. The Basis Risk Reserve Fund will initially be funded with a deposit of $1,000.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Saxon Asset Securities Trust 2005-4)
