Supplemental Interest Account definition

Supplemental Interest Account. As defined in Section 4.07 hereof.

Supplemental Interest Account. An account established by the Trustee pursuant to Section 4.04 and is otherwise acceptable to the Servicer.

Supplemental Interest Account means each account designated as such, established and maintained pursuant to Section 2.3(k) of the Administration Agreement.

Examples of Supplemental Interest Account in a sentence

• The Supplemental Interest 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 of the Trustee held pursuant to this Agreement.

• All income and gain earned upon such investment shall be deposited into the Supplemental Interest Account.

• The Supplemental Interest 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 of the Securities Administrator held pursuant to this Agreement.

• The assets of REMIC I shall include the Mortgage Loans, the accounts (other than the Net WAC Reserve Fund and the Supplemental Interest Account), any REO Property, and any proceeds of the foregoing.

• The Trustee shall have no duty or responsibility with respect to the Supplemental Interest Trust and shall have no liability to the Certificateholders or Swap Counterparty with respect to the Supplemental Interest Trust or the funds held in or distributed from the Supplemental Interest Account.

More Definitions of Supplemental Interest Account

Supplemental Interest Account. The trust account created pursuant to Section 4.06 of this Agreement consisting of the Cap Agreement, the Interest Rate Swap Agreement, the Class IO Interest and the right to receive Class IO Shortfalls, subject to the obligation to pay amounts specified in Section 4.06.

Supplemental Interest Account. As defined in the Series Supplement.

Supplemental Interest Account. The trust account created pursuant to Section 4.06 of this Agreement consisting of the Interest Rate Swap Agreement, the Class IO Interest and the right to receive Class IO Shortfalls, subject to the obligation to pay amounts specified in Section 4.06.

Supplemental Interest Account. As defined in Section 4.08 hereof. The Supplemental Interest Account will not be an asset of any REMIC.

Supplemental Interest Account. The reserve fund established and ----------------------------- maintained pursuant to Section 4.04.

Supplemental Interest Account means each account designated as such, established and maintained pursuant to Section 2.3A.5 of the Administration Agreement.

Supplemental Interest Account means an Account established within the Debt Service Fund and further described in Section 4.06(d) hereof, including any subaccounts created therein.