Examples of Carryover Reserve Fund in a sentence

The Carryover 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.
Any losses incurred in the Carryover Reserve Fund in respect of any such investments shall be charged against amounts on deposit in the Carryover Reserve Fund (or such investments) immediately as realized.
In the absence of such written direction, all funds in the Carryover Reserve Fund shall be invested by the Trustee in The Bank of New York cash reserves.
The Class C Certificates shall evidence ownership of the Carryover Reserve Fund for federal tax purposes.
No expenses incurred in connection with any instrument of satisfaction or deed of reconveyance shall be chargeable to the Certificate Account, the Distribution Account, the Carryover Reserve Fund or the related subservicing account.

More Definitions of Carryover Reserve Fund

Carryover Reserve Fund. The account established and maintained by the Trust Administrator pursuant to Section 3.07(h).

Carryover Reserve Fund. The separate Eligible Account created and initially maintained by the Trustee pursuant to Section 4.08 in the name of the Trustee for the benefit of the Certificateholders and designated "The Bank of New York in trust for registered holders of CWABS, Inc., Asset-Backed Certificates, Series 2003-BC2". Funds in the Carryover Reserve Fund shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created under this Agreement.

Carryover Reserve Fund. The separate Eligible Account created and maintained by the Trustee pursuant to Section 4.06.

Carryover Reserve Fund. The custodial account or accounts created and maintained for the benefit of the Certificateholders pursuant to Section 4.04(a). The Carryover Reserve Fund shall be an Eligible Account. Certificate: A Class A Certificate, Class M Certificate or Class R Certificate.

Carryover Reserve Fund. The separate fund created and initially maintained by the Trustee pursuant to Section 3.05(c) in the name of the Trustee for the benefit of the Holders of the LIBOR Certificates and designated “The Bank of New York in trust for registered holders of BellaVista Mortgage Trust 2004-2, Mortgage Pass-Through Certificates, Series 2004-2.” Funds in the Carryover Reserve Fund shall be held in trust for the Holders of the LIBOR Certificates for the uses and purposes set forth in this Agreement.

Carryover Reserve Fund. The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06(h) in the name of the Trustee for the benefit of the LIBOR Certificateholders and designated "Deutsche Bank National Trust Company in trust for registered holders of Residential Asset Securitization Trust 2002-A7, Mortgage Pass-Through Certificates, Series 2002-G, Class A-1." Funds in the Carryover Reserve Fund shall be held in trust for the LIBOR Certificateholders for the uses and purposes set forth in this Agreement. The Carryover Reserve Fund will not be an asset of any REMIC.

Carryover Reserve Fund. The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06(h) in the name of the Trustee for the benefit of the LIBOR Certificateholders and designated "Bankers Trust Company of California, N.A. in trust for registered holders of Residential Asset Securitization Trust 2002-A4, Mortgage Pass-Through Certificates, Series 2002-D, Class A-1." Funds in the Carryover Reserve Fund (other than investment income) shall be held in trust for the LIBOR Certificateholders for the uses and purposes set forth in this Agreement. The Carryover Reserve Fund will not be an asset of any REMIC.