Corridor Contract definition

Corridor Contract. With respect to the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates, the transaction evidenced by the related Confirmation (assigned to the Trustee pursuant to the Assignment Agreement), a form of which is attached hereto as Exhibit R. Corridor Contract Counterparties: Bank of America, N.A. and Bear Stearns Financial Products Inc.

Examples of Corridor Contract in a sentence

  • All funds on deposit in the Corridor Contract Reserve Fund 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 Corridor Contract Administrator hereby agrees to perform the calculations necessary to distribute payments in accordance with this Section 4.

  • The Corridor Contract Administrator shall, absent manifest error, be entitled to rely on information provided by the Trustee and the Counterparty.

  • The Trustee shall treat the rights of the Holders of the Covered Certificates to receive payments from the Corridor Contract Reserve Fund as rights in an interest rate corridor contract written by the Corridor Contract Counterparty.

  • Such written report may contain such assumptions and disclaimers as are deemed necessary and appropriate by the Corridor Contract Administrator.


More Definitions of Corridor Contract

Corridor Contract. The interest rate corridor agreement between the Supplemental Interest Trust and the Corridor Counterparty related to the LIBOR Certificates, a form of which is attached to this Agreement as Exhibit P.
Corridor Contract. The interest rate corridor cap agreement between the Supplemental Interest Trust and the Cap Counterparty evidenced by the confirmation FXNEC8813 relating to the Class 2-A-1 Certificates, a form of which is attached to this Agreement as Exhibit P.
Corridor Contract. With respect to the Class of Covered Certificates, the transaction evidenced by the Corridor Contract Novation Confirmation, a form of which is attached hereto as Exhibit R. Corridor Contract Counterparty: Bank of America, N.A.
Corridor Contract. With respect to the Class A-1 Certificates, the transaction evidenced by the Confirmation (as assigned to the Corridor Contract Administrator pursuant to the Corridor Contract Assignment Agreement).