Carryover Shortfall Reserve Fund. (a) On the Closing Date, the Trustee shall establish and maintain in its name, in trust for the benefit of the Holders of the LIBOR Certificates, a Carryover Shortfall Reserve Fund, into which the Depositor shall deposit $1,000. The Carryover Shortfall Reserve Fund 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 of the Trustee held pursuant to this Agreement. The Carryover Shortfall Reserve Fund shall not be an asset of any REMIC established by this Agreement.
Carryover Shortfall Reserve Fund. (a) On or before the Closing Date, the Trustee shall establish a Reserve Fund on behalf of the Holders of the Class A-1, Class A-2, Class A-3 and Class A-4 Certificates. The Reserve Fund must be an Eligible Account. The Reserve Fund shall be entitled "Carryover Shortfall Reserve Fund, Deutsche Bank Trust Company Americas as Trustee for the benefit of holders of Residential Accredit Loans, Inc., Mortgage Asset-Backed Pass-Through Certificates, Series 2005-QO1" (the "Carryover Shortfall Reserve Fund"). The Carryover Shortfall Reserve Fund shall be an Eligible Account or a sub-account of an Eligible Account. On the Closing Date, the Depositor will cause, on behalf of the Trust, the Carryover Shortfall Reserve Fund Amount to be deposited into the Carryover Shortfall Reserve Fund. Pursuant to Section 4.02(j), on the initial Distribution Date, amounts on deposit in the Carryover Shortfall Reserve Fund will be withdrawn from the Carryover Shortfall Reserve Fund and deposited into the Distribution Account for payment to the Class A-1, Class A-2, Class A-3 and Class A-4 Certificates to the extent of any Carryover Shortfall Amount on the Class A-1, Class A-2, Class A-3 and Class A-4 Certificates on such initial Distribution Date. After the initial Distribution Date, all amounts remaining in the Carryover Shortfall Reserve Fund will be distributed to Deutsche Bank Securities Inc. or its designee, and following such withdrawal the Carryover Shortfall Reserve Fund will be closed.
Carryover Shortfall Reserve Fund. 70 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................71 ARTICLE FIVE THE CERTIFICATES....................................................................................73 Section 5.01 The Certificates......................................................................73 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........73 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................77 Section 5.04 Persons Deemed Owners.................................................................77 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................77 Section 5.06 Maintenance of Office or Agency.......................................................78 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................79
Carryover Shortfall Reserve Fund. On each Distribution Date, any amounts deposited in the Carryover Shortfall Reserve Fund pursuant to Section 4.02(a)(1)(i) and Section 4.02(a)(2)(i) hereof will be distributed, sequentially, in the following order of priority:
Carryover Shortfall 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 LIBOR Certificates and the Class X-P Certificates and designated “The Bank of New York in trust for registered holders of CWALT, Inc., Alternative Loan Trust 2007-AL1, Mortgage Pass-Through Certificates, Series 2007-AL1.” Funds in the Carryover Shortfall Reserve Fund shall be held in trust for the Holders of the LIBOR Certificates and the Class X-P Certificates for the uses and purposes set forth in this Agreement. Certificate: Any one of the Certificates executed by the Trustee in substantially the forms attached to this Agreement as exhibits.
Carryover Shortfall Reserve Fund. Section 4.05 Allocation of Net Deferred Interest.......................... Section 4.06 Monthly Statements to Certificateholders..................... Section 4.07 Certain Matters Relating to the Determination of LIBOR....... Section 4.08
Carryover Shortfall Reserve Fund. (a) On each Distribution Date, all or a portion of the amounts distributable as interest to the IO Components of the Class A-X Certificates in an amount up to the Carryover Shortfall Amount, if any, for such Distribution Date, shall be deposited in the Carryover Shortfall Reserve Fund and shall be distributed on such Distribution Date, concurrently, as follows:
Carryover Shortfall Reserve Fund. The separate Eligible Account created and maintained by the Trustee pursuant to Section 4.07 with a depository institution in the name of the Trustee for the benefit of the LIBOR Certificates and the Class AXPP Certificates and designated “Deutsche Bank National Trust Company, in trust for the registered holders of IndyMac IMSC Mortgage Loan Trust 2007-HOA1, Mortgage Pass-Through Certificates, Series 2007-HOA1.” Certificate: Any one of the certificates issued by the Trust Fund and executed by the Trustee in substantially the forms attached as exhibits.
Carryover Shortfall Reserve Fund. 73 ARTICLE V THE CERTIFICATES SECTION 5.01. The Certificates.......................................75 SECTION 5.02. Certificate Register; Registration of Transfer and Exchange of Certificates...............................75 SECTION 5.03. Mutilated, Destroyed, Lost or Stolen Certificates......80 SECTION 5.04. Persons Deemed Owners..................................80 SECTION 5.05. Access to List of Certificateholders' Names and Addresses..............................................80 SECTION 5.06. Maintenance of Office or Agency........................81 ARTICLE VI
Carryover Shortfall 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 Floating Rate Certificates and the Class 1-X-P and Class 2-X Certificates and designated "The Bank of New York in trust for registered holders of CWALT, Inc., Alternative Loan Trust 2006-OA17, Mortgage Pass-Through Certificates, Series 2006-OA17." Funds in the Carryover Shortfall Reserve Fund shall be held in trust for the Holders of the Floating Rate Certificates and the Class 1-X-P and Class 2-X Certificates for the uses and purposes set forth in this Agreement.
