Examples of Crossover Amount in a sentence
If such insufficiency exists after the related Available Transferor Subordinated Amount, the Crossover Amount and the Reserve Fund have each been reduced to zero and results in the related Certificate Principal Balance exceeding the related Invested Amount, a draw will be made on the Policy in accordance with the terms of the Policy (and, if necessary, a payment will be made under the Fannie Mae Guaranty).
Prior to the Crossover Date, the Crossover Amount may be pledged as security for the Crossover Refunding Bonds, the Crossover Refunded Bonds, or both.
On each distribution date, if Investor Interest Collections with respect to a Class of Certificates, plus any Crossover Amount available from the other Class of Certificates, are insufficient to pay the amounts specified in items (3), (4) and (5) above with respect to a Class of Certificates, the amount of such insufficiency shall be withdrawn from the Reserve Fund to the extent of funds on deposit therein.
Special Dispatch- Reform project 10 June 2005, Middle East Media Research Institute.