Interest Rate Cap Account. The account created pursuant to Section 5.07(b).
Interest Rate Cap Account. A separate account established and maintained by the Trust Administrator for the benefit of the Noteholders pursuant to Section 6.06.
Interest Rate Cap Account. The separate Eligible Account created and initially maintained by the Trustee pursuant to Section 4.07 in the name of the Trustee for the benefit of the Certificateholders and designated “U.S. Bank National Association in trust for registered holders of Home Equity Asset Trust 2004-2, Home Equity Pass-Through Certificates, Series 2004-2.” Funds in the Interest Rate Cap Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement. The Interest Rate Cap Account will not be an asset of any REMIC. Ownership of the Interest Rate Cap Account is evidenced by the Class X Certificates.
Examples of Interest Rate Cap Account in a sentence
The Interest Rate Cap Account 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 held by the Trustee pursuant to this Agreement.
The Pooling REMIC shall hold as assets the property of the Trust Fund other than the Lower Tier Interests in the Pooling REMIC, the Subsidiary REMIC and the Intermediate REMIC, the Basis Risk Reserve Fund, the Prefunding Account, the Capitalized Interest Account, the Interest Rate Cap Account, the Interest Rate Cap Agreement and any entitlement to Prepayment Premiums.
The Class X Certificate also represents ownership of the assets held from time to time in the Basis Risk Reserve Fund, the Interest Rate Cap Account, the Interest Rate Cap Agreement and rights to receive certain payments from the holder of the Class R Certificate as described in Section 8.11 of this Agreement.
The Trustee shall treat the Basis Risk Reserve Fund and the Interest Rate Cap Account as an outside reserve fund within the meaning of Treasury Regulation 1.860G-2(h) that is owned by the Class X Certificateholder, and not as an asset of any REMIC.
More Definitions of Interest Rate Cap Account
Interest Rate Cap Account. As defined in the Series Supplement.
Interest Rate Cap Account. The separate Eligible Account created and initially maintained by the Trustee pursuant to Section 4.11 in the name of the Trustee for the benefit of the Certificateholders and designated "JPMorgan Chase Bank in trust for registered holders of Credit Suisse First Boston Mortgage Securities Corp., Home Equity Mortgage Pass-Through Certificates, Series 2003-4." Funds in the Interest Rate Cap Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement. The Interest Rate Cap Account will not be an asset of any REMIC. Ownership of the Interest Rate Cap Account is evidenced by the Class X-1 Certificates.
Interest Rate Cap Account. The separate Eligible Account created and initially maintained by the Trustee pursuant to Section 4.08 in the name of the Trustee for the benefit of the Certificateholders and designated “U.S. Bank National Association in trust for registered holders of Home Equity Asset Trust 2004-8, Home Equity Pass-Through Certificates, Series 2004-8.” Funds in the Interest Rate Cap Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement. The Interest Rate Cap Account will not be an asset of any REMIC.
Interest Rate Cap Account. The separate Eligible Account created and initially maintained by the Trustee pursuant to Section 4.09 in the name of the Trustee for the benefit of the Certificateholders which shall be entitled and designated "Interest Rate Cap Account, JPMorgan Chase Bank, as Trustee, in trust for the registered Holders of 2003-CB6 Trust, C-BASS Mortgage Loan Asset-Backed Certificates, Series 2003-CB6." Funds in the Interest Rate Cap Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement. The Interest Rate Cap Account will not be an asset of any REMIC. Ownership of the Interest Rate Cap Account is evidenced by the Class X Interest.
Interest Rate Cap Account. The separate Eligible Account created and initially maintained by the Trust Administrator pursuant to Section 4.10 in the name of the Trust Administrator for the benefit of the Certificateholders and designated “Xxxxx Fargo Bank, N.A. in trust for registered holders of Adjustable Rate Mortgage Trust 2005-7, Adjustable Rate Mortgage-Backed Pass Through Certificates, Series 2005-7, Group 7 Certificates” Funds in the Interest Rate Cap Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement. The Interest Rate Cap Account will not be an asset of any REMIC. Ownership of the Interest Rate Cap Account is evidenced by the Class 7-X Certificates.
Interest Rate Cap Account shall have the meaning set forth in Section 8.12 hereof.
Interest Rate Cap Account. The separate Eligible Account created and initially maintained by the Trustee pursuant to Section 4.08 in the name of the Trustee for the benefit of the Certificateholders and designated “U.S. Bank National Association in trust for registered holders of Home Equity Asset Trust 2002-3, Home Equity Pass-Through Certificates, Series 2002-3.” Funds in the Interest Rate Cap Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement. The Interest Rate Cap Account will not be an asset of any REMIC. Ownership of the Interest Rate Cap Account is evidenced by the Class X Certificates. Interest Rate Cap Agreement: Collectively, the ISDA Master Agreement (including the Schedule thereto and the transaction evidenced by the Confirmation by and between the Trustee and the Interest Rate Cap Agreement Counterparty), forms of which are attached hereto as Exhibit T. Interest Rate Cap Agreement Counterparty: Credit Suisse First Boston International.