Common use of Carryover Reserve Fund Clause in Contracts

Carryover Reserve Fund. The separate Eligible Account 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 LIBOR Certificates and designated “The Bank of New York in trust for registered holders of CWALT, Inc., Alternative Loan Trust 2007-OA10, Mortgage Pass-Through Certificates, Series 2007-OA10.” Funds in the Carryover Reserve Fund shall be held in trust for the Holders of the LIBOR Certificates for the uses and purposes set forth in this Agreement.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Alternative Loan Trust 2007-Oa10), Pooling and Servicing Agreement (Alternative Loan Trust 2007-Oa10)

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Carryover Reserve Fund. The separate Eligible Account 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 LIBOR Certificates and designated “The Bank of New York in trust for registered holders of CWALT, Inc., Alternative Loan Trust 2007-OA10HY7C, Mortgage Pass-Through Certificates, Series 2007-OA10.HY7C.” Funds in the Carryover Reserve Fund shall be held in trust for the Holders of the LIBOR Certificates for the uses and purposes set forth in this Agreement.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Alternative Loan Trust 2007-Hy7c)

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Carryover Reserve Fund. The separate Eligible Account created and initially maintained by the Trustee pursuant to Section 3.05(g3.05(k) in the name of the Trustee for the benefit of the Holders of the LIBOR Group II Certificates and designated “The Bank of New York in trust for registered holders of CWALT, Inc., Alternative Loan Trust 2007-OA10J1, Mortgage Pass-Pass Through Certificates, Series 2007-OA10J1.” Funds in the Carryover Reserve Fund shall be held in trust for the Holders of the LIBOR Group II Certificates for the uses and purposes set forth in this Agreement.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Alternative Loan Trust 2007-J1)

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