Corridor Contract Reserve Fund. The separate fund created and initially maintained by the Supplemental Interest Trustee pursuant to Section 3.05(g) in the name of the Supplemental Interest Trustee for the benefit of the Holders of the Covered Certificates and designated "The Bank of New York in trust for registered holders of CWALT, Inc., Alternative Loan Trust 2007-1T1, Mortgage Pass-Through Certificates, Series 2007-1T1." Funds in the Corridor Contract Reserve Fund shall be held in trust for the Holders of the Covered Certificates for the uses and purposes set forth in this Agreement. For all federal income tax purposes, the Corridor Contract Reserve Fund will be beneficially owned by the Underwriter (Senior).
Corridor Contract Reserve Fund. The separate fund created and initially maintained by the Supplemental Interest Trustee pursuant to Section 3.05(h) in the name of the Supplemental Interest Trustee for the benefit of the Holders of the LIBOR Certificates and designated "The Bank of New York in trust for registered holders of Alternative Loan Trust 2007-OA3, Mortgage Pass-Through Certificates, Series 2007-OA3." Funds in the Corridor Contract Reserve Fund shall be held in trust for the Holders of the LIBOR Certificates for the uses and purposes set forth in this Agreement.
Corridor Contract Reserve Fund. The separate fund created and initially maintained by the Trustee pursuant to Section 3.05(g) in the name of the Trustee for the benefit of the Holders of the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates and designated "The Bank of New York in trust for registered holders of CWALT, Inc., Alternative Loan Trust 2005-J1, Mortgage Pass-Through Certificates, Series 2005-J." Funds in the Corridor Contract Reserve Fund shall be held in trust for the Holders of the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates for the uses and purposes set forth in this Agreement. For all federal income tax purposes, the Corridor Contract Reserve Fund will be beneficially owned by the Underwriter.
Examples of Corridor Contract Reserve Fund in a sentence
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.
The Trustee shall treat the Corridor Contract Reserve Fund as an outside reserve fund within the meaning of Treasury Regulation 1.860G-2(h) that is owned by the Underwriter, and that is not an asset of any REMIC created hereunder.
The Master Servicer, on behalf of the Trustee, shall cause to be deposited any amounts received from time to time with respect to the Corridor Contracts into the Corridor Contract Reserve Fund.
The Supplemental Interest Trust shall terminate automatically upon the termination of the Corridor Contract Reserve Fund.
Any amounts received by the Supplemental Interest Trustee in respect of the termination of a Corridor Contract shall be deposited and held in the Corridor Contract Reserve Fund and applied on future Distribution Dates to pay the Yield Supplement Amount on the related Class of Covered Certificates.
More Definitions of Corridor Contract Reserve Fund
Corridor Contract Reserve Fund. The separate fund created and initially maintained by Trustee pursuant to Section 3.05(f) in the name of the Trustee for the benefit of the Holders of the Covered Certificates and designated "The Bank of New York in trust for registered holders of CWALT, Inc., Alternative Loan Trust 2006-4CB, Mortgage Pass-Through Certificates, Series 2006-4CB." Funds in the Corridor Contract Reserve Fund shall be held in trust for the Holders of the Covered Certificates for the uses and purposes set forth in this Agreement. For all federal income tax purposes, the Corridor Contract Reserve Fund will be beneficially owned by UBS Securities LLC
Corridor Contract Reserve Fund. Each of the Class A-2 Corridor Contract Reserve Fund and the Class A-4 Corridor Contract Reserve Fund.
Corridor Contract Reserve Fund. The separate fund created and initially maintained by the Supplemental Interest Trustee pursuant to Section 3.05(i) in the name of the Supplemental Interest Trustee for the benefit of the Holders of the Covered Certificates and designated "The Bank of New York in trust for registered holders of CWALT, Inc., Alternative Loan Trust 2006-27CB, Mortgage Pass-Through Certificates, Series 2006-27CB." Funds in the Corridor Contract Reserve Fund shall be held in trust for the Holders of the Covered Certificates for the uses and purposes set forth in this Agreement. For all federal income tax purposes, the Corridor Contract Reserve Fund will be beneficially owned by Deutsche Bank Securities Inc.
Corridor Contract Reserve Fund. The separate fund created and initially maintained by the Securities Administrator pursuant to Section 4.11 in the name of the Securities Administrator for the benefit of the Holders of the Offered Certificates and designated “American Home Mortgage Assets Trust 2006-2 Corridor Contract Reserve Fund.” Funds in the Corridor Contract Reserve Fund shall be held in trust for the Holders of the Offered Certificates for the uses and purposes set forth in this Agreement. The Corridor Contract Reserve Fund shall not be an asset of any REMIC.
Corridor Contract Reserve Fund. The separate fund created and initially maintained by the Trustee pursuant to Section 3.05(j) in the name of the Trustee for the benefit of the Holders of the Class 1-A-1, Class 1-A-2, Class 1-A-9, Class 2-A-1, Class 2-A-8, Class 3-A-1 and Class 3-A-3 Certificates and designated "The Bank of New York in trust for registered holders of CWALT, Inc., Alternative Loan Trust 2005-28CB, Mortgage Pass-Through Certificates, Series 2005-28CB." Funds in the Corridor Contract Reserve Fund shall be held in trust for the Holders of the Class 1-A-1, Class 1-A-2, Class 1-A-9, Class 2-A-1, Class 2-A-8, Class 3-A-1 and Class 3-A-3 Certificates for the uses and purposes set forth in this Agreement. For all federal income tax purposes, the Corridor Contract Reserve Fund will be beneficially owned by Deutsche Bank Securities Inc.
Corridor Contract 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 Class 2-A-1, Class 2-A-2, Class 2-A-3, Class 4-A-1, Class 4-A-2, Class II-M-1, Class II-B-1 and Class II-B-2 Certificates and designated "The Bank of New York in trust for registered holders of CWALT, Inc., Alternative Loan Trust 2005-14, Mortgage Pass-Through Certificates, Series 2005-14." Funds in the Corridor Contract Reserve Fund shall be held in trust for the Holders of the Class 2-A-1, Class 2-A-2, Class 2-A-3, Class 4-A-1, Class 4-A-2, Class II-M-1, Class II-B-1 and Class II-B-2 Certificates for the uses and purposes set forth in this Agreement.
Corridor Contract Reserve Fund. The separate fund created and initially maintained by the Trustee pursuant to Section 3.05(i) in the name of the Trustee for the benefit of the Class A-1 Certificateholders and designated "The Bank of New York in trust for registered holders of CWALT, Inc., Alternative Loan Trust 2005-26CB, Mortgage Pass-Through Certificates, Series 2005-26CB, Class A-1". Funds in the Corridor Contract Reserve Fund shall be held in trust for the Class A-1 Certificateholders for the uses and purposes set forth in this Agreement. For all federal income tax purposes, the Corridor Contract Reserve Fund will be beneficially owned by Greenwich Capital Markets, Inc.