Common use of Distributions of Basis Risk Carryforward Clause in Contracts

Distributions of Basis Risk Carryforward. Because it is intended for each Payment Date that any distributions of Basis Risk Carryforward be made first from either the initial $1,000 deposit to the Basis Risk Carryforward Reserve Fund or from moneys deposited in the Basis Risk Carryforward Reserve Fund on prior Payment Dates and second from any moneys deposited in the Basis Risk Carryforward Reserve Fund on such Payment Date, on each Payment Date, any amounts in the Basis Risk Carryforward Reserve Fund shall be distributed by the Indenture Trustee as follows:

Appears in 7 contracts

Samples: Custodial Agreement (CWHEQ Revolving Home Equity Loan Trust, Series 2007-D), Custodial Agreement (CWHEQ Revolving Home Equity Loan Trust, Series 2006-I), Custodial Agreement (CWHEQ Revolving Home Equity Loan Trust, Series 2007-B)

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