Interest Rate Cap Account definition
Interest Rate Cap Account. The account created pursuant to Section 5.07(b).
Interest Rate Cap Account. A separate account established and maintained by the Trust Administrator for the benefit of the Noteholders pursuant to Section 6.06.
Interest Rate Cap Account. The separate Eligible Account created and initially maintained by the Trustee pursuant to Section 4.07 in the name of the Trustee for the benefit of the Certificateholders and designated “U.S. Bank National Association in trust for registered holders of Home Equity Asset Trust 2004-2, Home Equity Pass-Through Certificates, Series 2004-2.” Funds in the Interest Rate Cap Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement. The Interest Rate Cap Account will not be an asset of any REMIC. Ownership of the Interest Rate Cap Account is evidenced by the Class X Certificates.
Examples of Interest Rate Cap Account in a sentence
The Interest Rate Cap Account 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.
The Trustee shall account for the Interest Rate Cap Account as an outside reserve fund within the meaning of Treasury regulation 1.860G-2(h) and not an asset of any REMIC created pursuant to this Agreement.
In the absence of such written direction, all funds in the Interest Rate Cap Account shall remain uninvested.
The Trustee shall deposit any amounts received with respect to the Interest Rate Cap Agreement into the Interest Rate Cap Account.
The Class X Certificates shall evidence ownership of the Interest Rate Cap Account for federal income tax purposes and the Holder thereof shall direct the Trustee, in writing, as to investment of amounts on deposit therein.
More Definitions of Interest Rate Cap Account
Interest Rate Cap Account. As defined in the Series Supplement.
Interest Rate Cap Account. The separate Eligible Account created and initially maintained by the Trustee pursuant to Section 4.11 in the name of the Trustee for the benefit of the Class A-2 Certificateholders and designated "JPMorgan Chase Bank in trust for registered holders of First Franklin Mortgage Loan Trust 2004-FFB, Home Equity Mortgage Pass-Through Certificates, Series 2004-FFB." Funds in the Interest Rate Cap Account shall be held in trust for the Class A-2 Certificateholders for the uses and purposes set forth in this Agreement. The Interest Rate Cap Account will not be an asset of any REMIC. Ownership of the Interest Rate Cap Account is evidenced by the Class X-1 Certificates.
Interest Rate Cap Account. The separate Eligible Account created and initially maintained by the Securities Administrator pursuant to Section 5.08 in the name of the Trustee for the benefit of the Certificateholders and designated “HSBC Bank USA, National Association, in trust for registered holders of Nomura Asset Acceptance Corporation, Mortgage Pass-Through Certificates, Series 2005-S3.” Funds in the Interest Rate Cap Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement. The Interest Rate Cap Account will not be an asset of any REMIC.
Interest Rate Cap Account. The separate Eligible Account created and initially maintained by the Trustee pursuant to Section 4.11 in the name of the Trustee for the benefit of the Certificateholders and designated "JPMorgan Chase Bank in trust for registered holders of Credit Suisse First Boston Mortgage Securities Corp., Home Equity Mortgage Pass-Through Certificates, Series 2004-3." Funds in the Interest Rate Cap Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement. The Interest Rate Cap Account will not be an asset of any REMIC. Ownership of the Interest Rate Cap Account is evidenced by the Class X-1 Certificates.
Interest Rate Cap Account. The separate Eligible Account created and initially maintained by the Trustee pursuant to Section 4.09 in the name of the Trustee for the benefit of the Certificateholders which shall be entitled and designated "Interest Rate Cap Account, JPMorgan Chase Bank, as Trustee, in trust for the registered Holders of 2002-CB6 Trust, C-BASS Mortgage Loan Asset-Backed Certificates, Series 2002-CB6." Funds in the Interest Rate Cap Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement. The Interest Rate Cap Account will not be an asset of any REMIC. Ownership of the Interest Rate Cap Account is evidenced by the Class X-N Interest.
Interest Rate Cap Account shall have the meaning set forth in Section 8.12 hereof.
Interest Rate Cap Account. 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 “U.S. Bank National Association in trust for registered holders of Home Equity Asset Trust 2004-8, Home Equity Pass-Through Certificates, Series 2004-8.” Funds in the Interest Rate Cap Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement. The Interest Rate Cap Account will not be an asset of any REMIC.