Class A Reserve Fund definition

Class A Reserve Fund. As described in Section 4.05 herein.
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Class A Reserve Fund. A Reserve Fund established by the Securities Administrator on behalf of the trustee of the Supplemental Interest Trust for the benefit of the Holders of the Class A-4, Class A-6 and Class A-8 Certificates. The Class A Reserve Fund is an “outside Reserve Fund” within the meaning of Treasury regulation Section 1.860G-2(h), which is an asset of the Supplemental Interest Trust and is not an asset of any REMIC, ownership of which is evidenced by the Class A-4, Class A-6 and Class A-8 Certificates and which is established and maintained pursuant to Section 5.10.
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Class A Reserve Fund means the Class A Reserve Fund, established and maintained as such pursuant to Section 4.7, for the benefit of the Class A Certificates.
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Examples of Class A Reserve Fund in a sentence

  • Any losses incurred in the Class A Reserve Fund in respect of any such investments shall be charged against amounts on deposit in the Class A Reserve Fund (or such investments) immediately as realized.

  • Funds in the Class A Reserve Fund shall be invested in Permitted Investments as directed in writing by the Corridor Contract Counterparty.

  • The Depositor shall deposit in the Class A Reserve Fund the amount of any net loss incurred in respect of any such Permitted Investment immediately upon realization of such loss.

  • All income and gain realized from investment of funds deposited in the Class A Reserve Fund, which investment shall be made solely upon the written direction of the Depositor, shall be for the sole and exclusive benefit of the Depositor and shall be remitted by the Paying Agent to the Depositor within one Business Day from the closing of the Class A Reserve Fund.

  • At no time will the Class A Reserve Fund be an asset of any REMIC created hereunder.

  • The Securities Administrator shall not be liable for the amount of any loss incurred in respect of any investment or lack of investment of funds held in the Class A Reserve Fund and made in accordance with this Section 5.10(a).

  • For federal income tax purposes, the Depositor shall be the owner of the Class A Reserve Fund and shall report all items of income, deduction, gain or loss arising therefrom.

  • Once the Class A Reserve Fund has been replenished in full, all amounts in the Class A Reserve Fund will be distributed to the Depositor or its designee on the immediately following Distribution Date; and following such withdrawal the Class A Reserve Fund will be closed.

  • The Class A Reserve Fund shall be an Eligible Account or a sub-account of an Eligible Account.

  • The Class A Reserve Fund will not constitute an asset of the Trust Fund nor of any REMIC created hereunder.


More Definitions of Class A Reserve Fund

Class A Reserve Fund. A Reserve Fund established by the Securities Administrator on behalf of the trustee of the Supplemental Interest Trust for the benefit of the Holders of the Class A-4, Class A-5, Class A-8 and Class A-9 Certificates. The Class A Reserve Fund is an “outside Reserve Fund” within the meaning of Treasury regulation Section 1.860G-2(h), which is an asset of the Supplemental Interest Trust and is not an asset of any REMIC, ownership of which is evidenced by the Class A-4, Class A-5, Class A-8 and Class A-9 Certificates and which is established and maintained pursuant to Section 5.10. Class A-1-W and Class A-3-W Policy: The irrevocable Certificate Guaranty Insurance Policy, No. 496870, including any endorsements thereto, issued by the Certificate Insurer for the benefit of the Holders of the Class A-1-W and Class A-3-W Certificates, any endorsements thereto, a form of which is attached hereto as Exhibit D.
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Related to Class A Reserve Fund

  • Reserve Fund means the account designated as such, and established and maintained pursuant to Section 4.01.

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Carryover Reserve Fund The separate Eligible Account created and initially maintained by the Trustee pursuant to Section 3.05(g) in the name of the Trustee for the benefit of the Holders of the Offered Certificates and designated "The Bank of New York in trust for registered holders of CWALT, Inc., Alternative Loan Trust 2006-OC10, Mortgage Pass-Through Certificates, Series 2006-OC10." Funds in the Carryover Reserve Fund shall be held in trust for the Holders of the Offered Certificates for the uses and purposes set forth in this Agreement.

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Interest Reserve Account means that Interest Reserve Account maintained by the Master Servicer pursuant to Section 5.1(a), which account shall be an Eligible Account.

  • Replacement Reserve Fund shall have the meaning set forth in Section 7.3.1 hereof.

  • 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.

  • Series Reserve Account means the Reserve Account for the Series of Bonds established in the Reserve Fund by Supplemental Indenture in an amount equal to the Series Reserve Account Requirement for such Series of Bonds.

  • Principal Reserve Fund The separate Eligible Account created and initially maintained by the Trustee pursuant to Section 3.08 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 2005-3". Funds in the Principal Reserve Fund shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement.

  • Replacement Reserve Account shall have the meaning set forth in Section 7.3.1 hereof.

  • Liquidity Reserve Account shall have the meaning set forth in Section 8.2(A)(iii).

  • Net WAC Rate Carryover Reserve Account The Net WAC Rate Carryover Reserve Account established and maintained pursuant to Section 4.10.

  • Excess Reserve Fund Account The separate Eligible Account created and maintained by the Trustee pursuant to Sections 3.07(b) and 3.07(c) in the name of the Trustee for the benefit of the Regular Certificateholders and designated "Deutsche Bank, National Trust Company in trust for registered Holders of Morgan Stanley ABS Capital I Inc. Trust 2006-HE3, Mortgage Pass-Through Xxxxxfxxxxxx, Series 2006-HE3." Funds in the Excess Reserve Fund Account shall be held in trust for the Regular Certificateholders for the uses and purposes set forth in this Agreement. Amounts on deposit in the Excess Reserve Fund Account shall not be invested.

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

  • Reserve Draw Amount shall have the meaning specified in subsection 4.12(c).

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

  • Capital Reserve Fund means the reserve fund created and established by the Authority in

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Debt Service Reserve Fund means the fund by that name established pursuant to the Second Resolution.

  • Class C Reserve Account Percentage means, for any Distribution Date on which a condition in the left column of the following table was in effect on the immediately preceding Distribution Date, the percentage in the corresponding right column of the following table (or if more than one conditions were in effect on the immediately preceding Distribution Date, the largest percentage). Condition: The three-month rolling average Excess Spread Percentage is: Class C Reserve Account Percentage:

  • Reserve Funds means, collectively, the Tax and Insurance Escrow Fund, the Replacement Reserve Fund, the Required Repair Fund, the Initial Renovation Reserve Fund, the Interest Reserve Fund, the General Reserve Fund, any funds on deposit in the Construction Loan Reserve Account, any Shortfall Funds and any other escrow fund established pursuant to the Loan Documents.

  • Excess Liquidation Proceeds Reserve Account The trust account or subaccount created and maintained by the Certificate Administrator pursuant to Section 3.05(c) of this Agreement in trust for the Certificateholders, which (subject to any changes in the identities of the Trustee and/or the Certificate Administrator) shall be entitled “Citibank, N.A., as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of Citigroup Commercial Mortgage Trust 2019-C7, Commercial Mortgage Pass-Through Certificates, Series 2019-C7, Excess Liquidation Proceeds Reserve Account.” Any such account shall be an Eligible Account.

  • Debt Service Reserve Account as defined in the Depositary Agreement.

  • Required Reserve Fund Amount With respect to any Distribution Date on which the Net Excess Spread is less than 0.25%, the amount, if any by which (a) the product of 1.00% and the Pool Balance for such date exceeds (b) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. With respect to any Distribution Date on which the Net Excess Spread is equal to or greater than 0.25%, the amount, if any, by which (i) $1,000 exceeds (ii) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. Provided, however, that on any Distribution Date on which the Class Principal Amount of each Class of LIBOR Certificates has been reduced to zero, the Required Reserve Fund Amount shall be zero.

  • Replacement Reserve Monthly Deposit shall have the meaning set forth in Section 7.3.1 hereof.

  • Class A Required Amount shall have the meaning specified in subsection 4.04(a).