Corridor Contract Account definition

Corridor Contract Account. The separate account created and maintained by the Corridor Contract Administrator pursuant to Section 3 with a depository institution in the name of the Corridor Contract Administrator for the benefit of CHL and the Trustee on behalf of the Holders of the Benefited Certificates and designated “The Bank of New York for Countrywide Home Loans, Inc. and certain registered Holders of CWABS, Inc., Asset-Backed Certificates, Series 2007-8”. Funds in the Corridor Contract Account shall be held for CHL and the Trustee on behalf of the Holders of the Benefited Certificates as set forth in this Agreement.

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Corridor Contract Account. The separate Eligible Account created and maintained by the Trustee pursuant to Section 4.04(k)(i) in the name of the Trustee for the benefit of the Issuing Entity and designated "LaSalle Bank National Association, as trustee, in trust for registered holders of First Franklin Mortgage Loan Trust, Mortgage Loan Asset-Backed Certificates, Series 2007-FFA." Funds in the Corridor Contract Account shall be held in trust for the Issuing Entity for the uses and purposes set forth in this Agreement.

Corridor Contract Account. The separate Eligible Account created and maintained by the Supplemental Interest Trust Trustee pursuant to Section 6.01(l) in the name of the Securities Administrator for the benefit of the Issuing Entity and designated "▇▇▇▇▇ Fargo Bank, National Association, as Securities Administrator for ▇▇▇▇▇▇▇ ▇▇▇▇▇ Mortgage Investors, Inc., Mortgage Pass-Through Certificates, MANA Series 2007-OAR4 - Corridor Contract Account." Funds in the Corridor Contract Account shall be held in trust for the Issuing Entity for the uses and purposes set forth in this Agreement.

Examples of Corridor Contract Account in a sentence

The Corridor Contract Account shall be an "Eligible Account" as defined in the Pooling and Servicing Agreement and, if the Trust Fund is terminated pursuant to the Pooling and Servicing Agreement prior to the termination of this Agreement, the Corridor Contract Account shall be an account that would otherwise qualify as an "Eligible Account" under the Pooling and Servicing Agreement had the termination of the Trust Fund not occurred.
The Corridor Contract Administrator shall give at least 30 days' advance notice to CHL and the Trustee of any proposed change of location of the Corridor Contract Account prior to any change thereof.
All funds deposited in the Corridor Contract Account shall be held for the benefit of CHL and the Trustee on behalf of the Holders of the Benefited Certificates until withdrawn in accordance with this Section 3.
The Corridor Contract Administrator shall establish and maintain a Corridor Contract Account into which the Corridor Contract Administrator shall deposit or cause to be deposited on the Business Day of receipt, all amounts payable by the Counterparty under the Corridor Contract.
The Corridor Contract Administrator shall establish and maintain the Corridor Contract Account into which the Corridor Contract Administrator shall deposit or cause to be deposited on the Business Day of receipt, all amounts payable by the Counterparty under the Corridor Contract.
All funds deposited in the Corridor Contract Account shall be held for the benefit of CHL and the Trustee on behalf of the Holders of the Benefited Certificates until withdrawn in accordance with Section 4.
The Corridor Contract Account shall be an “Eligible Account” as defined in the Pooling and Servicing Agreement and, if the Trust Fund is terminated pursuant to the Pooling and Servicing Agreement prior to the termination of this Agreement, the Corridor Contract Account shall be an account that would otherwise qualify as an “Eligible Account” under the Pooling and Servicing Agreement had the termination of the Trust Fund not occurred.
The Corridor Contract Administrator shall establish and maintain a Corridor Contract Account into which the Corridor Contract Administrator shall deposit or cause to be deposited on the Business Day of receipt, all amounts payable by the Counterparty under each Corridor Contract.
The SWAP REMIC shall consist of all of the assets of the Trust Fund, other than (i) amounts distributable to the Class P Certificates pursuant to Section 4.04(b)(i) hereof, (ii) the interests issued by the SWAP REMIC and the interests issued by the Lower Tier REMIC, (iii) the grantor trusts described in Section 2.07 hereof, (iv) each Corridor Contract and the Corridor Contract Account, (v) the Swap Agreement and the Supplemental Interest Trust.
The Corridor Contract Administrator shall give at least 30 days’ advance notice to CHL and the Trustee of any proposed change of location of the Corridor Contract Account prior to any change thereof.

More Definitions of Corridor Contract Account

Corridor Contract Account. The separate account created and maintained by the Corridor Contract Administrator pursuant to Section 3 with a depository institution in the name of the Corridor Contract Administrator for the benefit of Countrywide, the Trustee on behalf of the Supplemental Interest Trust and the Holders of the Benefited Certificates and designated "The Bank of New York for Countrywide Home Loans, Inc. and certain registered Holders of CWALT, Inc., Mortgage Pass-Through Certificates, Series 2006-8T1". Funds in the Corridor Contract Account shall be held for the Trustee, on behalf of the Supplemental Interest Trust, as set forth in this Agreement.

Corridor Contract Account. The separate Eligible Account created and maintained by the Supplemental Interest Trust Trustee pursuant to Section 6.01(l) in the name of the Supplemental Interest Trust Trustee for the benefit of the Issuing Entity and designated "▇▇▇▇▇ Fargo Bank, National Association, as Supplemental Interest Trust Trustee for ▇▇▇▇▇▇▇ ▇▇▇▇▇ Mortgage Investors, Inc., Mortgage Pass-Through Certificates, MANA Series 2007-OAR1 - Corridor Contract Account." Funds in the Corridor Contract Account shall be held in trust for the Issuing Entity for the uses and purposes set forth in this Agreement.

Corridor Contract Account. Has the meaning specified in the applicable Corridor Contract Administration Agreement.

Corridor Contract Account. The separate account created and maintained by the Corridor Contract Administrator pursuant to Section 3 of the Corridor Contract Administration Agreement for the benefit of CSFB and the Securities Administrator on behalf of the Holders of the Class 3-A Certificates and Class 3-M Certificates and designated “▇▇▇▇▇ Fargo Bank, N.A. for Credit Suisse First Boston and certain registered Holders of American Home Mortgage Assets Trust 2005-1, Mortgage-Backed Pass-Through Certificates, Series 2005-1”. The Corridor Contract Account is an “outside reserve fund” within the meaning of Treasury Regulation §1.860G-2(h) and shall not be an asset of any REMIC.

Corridor Contract Account. The separate account created and maintained by the Corridor Contract Administrator pursuant to Section 3 with a depository institution in the name of the Corridor Contract Administrator for the benefit of Credit Suisse and the Trustee on behalf of the Holders of the Benefited Certificates and designated "The Bank of New York for Credit Suisse Securities (USA) LLC and certain registered Holders of CWALT, Inc., Mortgage Pass-Through Certificates, Series 2006-41CB". Funds in the Corridor Contract Account shall be held for Credit Suisse and the Trustee on behalf of the Holders of the Benefited Certificates as set forth in this Agreement.

Corridor Contract Account. The separate account created and maintained by the Corridor Contract Administrator pursuant to Section 3 with a depository institution in the name of the Corridor Contract Administrator for the benefit of CSFB and the Securities Administrator on behalf of the Holders of the Benefited Certificates and designated “▇▇▇▇▇ Fargo Bank, N.A. for Credit Suisse First Boston and certain registered Holders of American Home Mortgage Assets Trust 2005-1, Mortgage-Backed Pass-Through Certificates, Series 2005-1”. Funds in the Corridor Contract Account shall be held for CSFB and the Securities Administrator on behalf of the Holders of the Benefited Certificates as set forth in this Agreement.