Cap Reserve Account. (a) The Securities Administrator shall establish and maintain in the name of the Trustee on behalf of the Trust, for the benefit of the Certificateholders, the Cap Reserve Account as a segregated trust account or accounts. (b) All amounts deposited to the Cap Reserve Account pursuant to Section 6.01.1(b) shall be held by the Securities Administrator in the name of the Trustee on behalf of the Trust, in trust for the benefit of the Group I Offered Certificateholders and the Class I-B-3 Certificateholders in accordance with the terms and provisions of this Agreement. (c) The Cap Reserve Account is an “outside reserve fund” within the meaning of Treasury Regulation '1.860G-2(h) and shall be an asset of the Trust Fund but not an asset of any 2005-1
Appears in 5 contracts
Samples: Pooling and Servicing Agreement (Bear Stearns ALT-A Trust, Series 2005-7), Pooling and Servicing Agreement (Bear Stearns ALT-A Trust, Series 2005-5), Pooling and Servicing Agreement (Bear Stearns ALT-A Trust, Series 2005-8)
Cap Reserve Account. (a) The Securities Administrator Trustee shall establish and maintain in the name of the Trustee on behalf of the TrustTrustee, for the benefit of the Certificateholders, the Cap Reserve Account as a segregated trust account or accounts.
(b) All amounts deposited to the Cap Reserve Account pursuant to Section 6.01.1(b6.01(b) shall be held by the Securities Administrator Trustee in the name of the Trustee on behalf of the Trust, in trust for the benefit of the Group I Offered Certificateholders and the Class I-B-3 Certificateholders in accordance with the terms and provisions of this Agreement.
(c) The Cap Reserve Account is an “outside reserve fund” within the meaning of Treasury Regulation '1.860G-2(h‘1.860G-2(h) and shall be an asset of the Trust Fund but not an asset of any 2005-1
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns BSALTA 2005-1)
Cap Reserve Account. (a) The Securities Administrator shall establish and maintain in the name of the Trustee on behalf of the Trust, for the benefit of the Certificateholders, the Cap Reserve Account as a segregated trust account or accounts.
(b) All amounts deposited to the Cap Reserve Account pursuant to Section 6.01.1(b) shall be held by the Securities Administrator in the name of the Trustee on behalf of the Trust, in trust for the benefit of the Group I Offered Certificateholders and the Class I-B-3 Certificateholders in accordance with the terms and provisions of this Agreement.
(c) The Cap Reserve Account is an “"outside reserve fund” " within the meaning of Treasury Regulation '1.860G-2(h) and shall be an asset of the Trust Fund but not an asset of any 2005-1
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns ALT-A Trust, Series 2005-9)
Cap Reserve Account. (a) The Securities Administrator shall establish and maintain in the name of the Trustee on behalf of the Trust, for the benefit of the Certificateholders, the Cap Reserve Account as a segregated trust account or accounts.
(b) All amounts deposited to the Cap Reserve Account pursuant to Section 6.01.1(b6.01(b) shall be held by the Securities Administrator in the name of the Trustee on behalf of the Trust, in trust for the benefit of the Group I Offered Certificateholders and the Class I-B-3 Certificateholders in accordance with the terms and provisions of this Agreement. All amounts deposited to the Cap Reserve Account pursuant to Section 6.02(f) shall be held by the Securities Administrator in the name of the Trustee on behalf of the Trust, in trust for the benefit of the Class II-B-1 Certificateholders and the Class II-B-2 Certificateholders in accordance with the terms and provisions of this Agreement.
(c) The Cap Reserve Account is an “"outside reserve fund” " within the meaning of Treasury Regulation '1.860G-2(h) and shall be an asset of the Trust Fund but not an asset of any 2005-1
Appears in 1 contract
Cap Reserve Account. (a) The Securities Administrator shall establish and maintain in the name of the Trustee on behalf of the Trust, for the benefit of the Certificateholders, the Cap Reserve Account as a segregated trust account or accounts.
(b) All amounts deposited to the Cap Reserve Account pursuant to Section 6.01.1(b6.01(b) shall be held by the Securities Administrator in the name of the Trustee on behalf of the Trust, in trust for the benefit of the Group I Offered Certificateholders and the Class I-B-3 Certificateholders in accordance with the terms and provisions of this Agreement. All amounts deposited to the Cap Reserve Account pursuant to Section 6.02(f) shall be held by the Securities Administrator in the name of the Trustee on behalf of the Trust, in trust for the benefit of the Class II-B-1 Certificateholders and the Class II-B-2 Certificateholders in accordance with the terms and provisions of this Agreement.
(c) The Cap Reserve Account is an “outside reserve fund” within the meaning of Treasury Regulation '‘1.860G-2(h) and shall be an asset of the Trust Fund but not an asset of any 2005-1
Appears in 1 contract
Cap Reserve Account. (a) The Securities Administrator Trustee shall establish and maintain in the name of the Trustee on behalf of the TrustTrustee, for the benefit of the Certificateholders, the Cap Reserve Account as a segregated trust account or accounts.
(b) All amounts deposited to the Cap Reserve Account pursuant to Section 6.01.1(b) shall be held by the Securities Administrator Trustee in the name of the Trustee on behalf of the Trust, in trust for the benefit of the Group I Offered Certificateholders and the Class I-B-3 Certificateholders in accordance with the terms and provisions of this Agreement.
(c) The Cap Reserve Account is an “outside reserve fund” within the meaning of Treasury Regulation '‘1.860G-2(h) and shall be an asset of the Trust Fund but not an asset of any 2005-1
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Structured Asset Mort Inv Ii Inc Bear Stearns Alt a Tr 05 2)
Cap Reserve Account. (a) The Securities Administrator shall establish and maintain in the name of the Trustee on behalf of the Trust, for the benefit of the Certificateholders, the Cap Reserve Account as a segregated trust account or accounts.
(b) All amounts deposited to the Cap Reserve Account pursuant to Section 6.01.1(b6.01(b) shall be held by the Securities Administrator in the name of the Trustee on behalf of the Trust, in trust for the benefit of the Group I Offered Certificateholders and the Class I-B-3 Certificateholders in accordance with the terms and provisions of this Agreement. All amounts deposited to the Cap Reserve Account pursuant to Section 6.02(f) shall be held by the Securities Administrator in the name of the Trustee on behalf of the Trust, in trust for the benefit of the Class II-B-1, Class II-B-2 and Class II-B-3 Certificateholders in accordance with the terms and provisions of this Agreement.
(c) The Cap Reserve Account is an “outside reserve fund” within the meaning of Treasury Regulation '‘1.860G-2(h) and shall be an asset of the Trust Fund but not an asset of any 2005-1
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns ALT-A Trust 2006-1)
