Basis Risk Reserve Account definition

Basis Risk Reserve Account. A separate account established and maintained by the Trust Administrator for the benefit of the Noteholders pursuant to Section 6.07.
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Basis Risk Reserve Account. The account established and maintained pursuant to Section 5.07.
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Examples of Basis Risk Reserve Account in a sentence

  • Amounts on deposit in the Basis Risk Reserve Account shall remain uninvested.

  • On any Payment Date for which there are funds on deposit in the Basis Risk Reserve Account, the Paying Agent shall withdraw such amounts from the Basis Risk Reserve Account and deposit such amounts in the Collection Account, and from the Collection Account shall apply the Net Swap Receipt as Interest Funds and shall make payments specified in the order and priority described in Section 6.02 above.

  • Any or all of the Custodial Accounts, Escrow Accounts, Collection Account, Basis Risk Reserve Account, Pre-Funding Account and any other accounts created or maintained by the Trust Administrator, the Servicer or the Subservicer pursuant to this Agreement.

  • On any Payment Date for which there are funds on deposit in the Basis Risk Reserve Account, the Indenture Trustee (or the Paying Agent on behalf of the Indenture Trustee) shall withdraw such amounts from the Basis Risk Reserve Account and deposit such amounts in the Collection Account, and from the Collection Account shall apply the Group 1 Percentage of such Net Swap Receipt as Interest Funds for Group 1 and shall make payments specified in the order and priority described in Section 6.02 above.

  • On any Payment Date for which there are funds on deposit in the Basis Risk Reserve Account, the Indenture Trustee (or the Paying Agent on behalf of the Indenture Trustee) shall deposit such amounts in the Collection Account, and from the Collection Account, shall apply the Group 2 Percentage of such Net Swap Receipt as Interest Funds for Group 2 and shall make payments specified in the order and priority described in Section 6.02 above.

  • For federal tax return and information reporting, the right of the Holders of the Offered Certificates to receive payments from the Basis Risk Reserve Account in respect of any Basis Risk Shortfall Amount may have more than a de minimis value.

  • All amounts deposited into the Basis Risk Reserve Account shall be treated as amounts distributed by REMIC 3 to the Holder of the Class C Certificates.

  • The Basis Risk Reserve Account will be an “outside reserve fund” within the meaning of Treasury regulation Section 1.860G-2(h).

  • Any Net Swap Receipts shall be deposited by the Swap Counterparty into the Basis Risk Reserve Account in accordance with the terms of the Swap Agreement.

  • Any Net Swap Receipts shall be deposited by the Swap Counterparty into the Basis Risk Reserve Account in accordance with the terms of the Swap Agreements.