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GLOSSARY: Enter search term:
Browse dictionary by letter: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Glossary Term: TRUST FUND

Definition(s) for TRUST FUND:


1. ) The corpus of the trust created under this Agreement consisting of (i)the Mortgage Loans and all interest and principal received on them after the Cut-off Date, other than amounts due on the Mortgage Loans by the Cut-off Date;(ii)the Certificate Account, the Distribution Account, the Supplemental Interest Trust, the Supplemental Interest Reserve Fund, the Carryover Reserve Fund and all amounts deposited therein pursuant to this Agreement (including amounts received from the Depositor on the Closing Date that will be deposited by the Servicer in the Certificate Account pursuant to Section 2.01);(iii)property that secured a Mortgage Loan and has been acquired by foreclosure, deed-in-lieu of foreclosure, or otherwise;(iv)the right to collect any amounts under any mortgage insurance policies covering any Mortgage Loan and any collections received under any mortgage insurance policies covering any Mortgage Loan;(v)all rights to receive amounts under, and to enforce remedies in, the Cap Contract; and(vi)all proceeds of the conversion, voluntary or involuntary, of any of the foregoing.



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