Basis Risk Reserve Fund definition

Basis Risk Reserve Fund. A fund created as part of the Trust Fund pursuant to Section 5.06 of this Agreement but which is not an asset of any of the REMICs.

Basis Risk Reserve Fund. The separate Eligible Account created and initially maintained by the Trustee pursuant to Section 4.06 in the name of the Trustee for the benefit of the Certificateholders and designated "U.S. Bank National Association in trust for registered holders of Credit Suisse First Boston Mortgage Securities Corp., Mortgage Pass-Through Certificates, Series 2001-HE12." Funds in the Basis Risk Reserve Fund shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement.

Basis Risk Reserve Fund. The separate Eligible Account created and initially maintained by the Trust Administrator pursuant to Section 4.07 in the name of the Trust Administrator, as agent for the Trustee, for the benefit of the Certificateholders and designated "Bank One, National Association in trust for registered holders of Credit Suisse First Boston Mortgage Securities Corp. Mortgage Pass-Through Certificates, Series 2002-AR2." Funds in the Basis Risk Reserve Fund shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement.

Examples of Basis Risk Reserve Fund in a sentence

• The Basis Risk 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.

• In the absence of such written direction, all funds in the Basis Risk Reserve Fund shall remain uninvested.

• The Basis Risk 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 held by the Trustee pursuant to this Agreement.

• The Basis Risk Reserve Fund shall not be an asset of any REMIC established hereby.

• The Class X Certificates shall evidence ownership of the Basis Risk Reserve Fund for federal income tax purposes and LBH on behalf of the Holder thereof shall direct the Trustee, in writing, as to investment of amounts on deposit therein.

More Definitions of Basis Risk Reserve Fund

Basis Risk Reserve Fund means a separate trust account created and maintained pursuant to Section 8.10 in the name of the Trust in an Eligible Institution.

Basis Risk Reserve Fund. The separate Eligible Account created and initially maintained by the Trustee pursuant to Section 3.23 in the name of the Trustee for the benefit of the Certificateholders. Funds in the Basis Risk Reserve Fund shall be held in trust for the holders of the Class A, Class M and Class B Certificates for the uses and purposes set forth herein. The Basis Risk Reserve Fund will be an “outside reserve fund” within the meaning of Treasury regulation Section 1.860G-2(h) established and maintained pursuant to Section 3.23. The Basis Risk Reserve Fund is not an asset of any REMIC. Ownership of the Basis Risk Reserve Fund is evidenced by the Class X-1 Certificates.

Basis Risk Reserve Fund. The reserve fund established and maintained by the Trustee pursuant to Section 4.07.

Basis Risk Reserve Fund. Either the Class C-B-1 Basis Risk Reserve Fund or the Group 9 Basis Risk Reserve Fund, as applicable.

Basis Risk Reserve Fund. Any fund created hereunder and held as part of the Trust Fund but not as part of any REMIC created hereunder, to provide a source for payments of Cap Carryover Amounts.

Basis Risk Reserve Fund. The separate Eligible Account created and maintained with the Trustee pursuant to Section 5.07 hereof.

Basis Risk Reserve Fund. The separate account or accounts created and maintained by the Trustee for the benefit of the Class A-2 Certificateholders pursuant to Section 4.03. The Basis Risk Reserve Fund shall be held in an Eligible Account. Funds in the Basis Risk Reserve Fund shall be held in trust for the Holders of the Class A-2 Certificates for the uses and purposes set forth in this Agreement. The Basis Risk Reserve Fund will be accounted for by the Trustee as an “outside reserve fund” within the meaning of Treasury regulation Section 1.860G-2(h) established and maintained pursuant to Section 4.03. The Basis Risk Reserve Fund shall not be treated as an asset of the REMIC. Owners of the Basis Risk Reserve Fund for federal tax purposes shall be the Class R Certificateholders.