Common use of Carryover Shortfall Reserve Fund Clause in Contracts

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 Floating Rate Certificates, a Carryover Shortfall Reserve Fund, into which the Depositor shall deposit $292,050.35. 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

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac Indx Mortgage Loan Trust 2005-Ar10)

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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 Floating Rate Certificates, a Carryover Shortfall Reserve Fund, into which the Depositor shall deposit $292,050.35. 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 this553,395.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2005-Ar16ip)

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 Floating Rate LIBOR Certificates, a Carryover Shortfall Reserve Fund, into which the Depositor shall deposit $292,050.35. 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 this534,592.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac Indx Mortgage Loan Trust 2005-Ar2)

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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 Floating Rate LIBOR Certificates, a Carryover Shortfall Reserve Fund, into which the Depositor shall deposit $292,050.35. 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 this862,681.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac Indx Mortgage Loan Trust 2004-Ar14)

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