Common use of Capitalized Interest Account Clause in Contracts

Capitalized Interest Account. a. On or before the Closing Date, the Trustee shall establish the Capitalized Interest Account on behalf of the Trust, which must be an Eligible Account, and shall deposit therein $900,000 received from the Company pursuant to Section 2.02(s). The Capitalized Interest Account shall be entitled "Firstar Trust Company as Trustee for the benefit of holders of Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates Series 1997-5." On the Remittance Date occurring in August 1997, if the Monthly Report for such Remittance Date indicates that the Amount Available is not sufficient to pay the Class A Interest Distribution Amount, plus the Class M-1 Interest Distribution Amount, plus the Class B-1 Interest Distribution Amount, the Trustee shall withdraw the amount of such deficiency, or the amount of funds in the Capitalized Interest Account (net of any investment earnings thereon), if less, and shall deposit such funds in the Certificate Account for distribution on such Remittance Date in order first to pay any deficiency in the Amount Available to pay the Class A Interest Distribution Amount, second to pay any deficiency in the Amount Available to pay the Class M- 1 Interest Distribution Amount, third to pay any deficiency in the Amount Available to pay the Class B-1 Interest Distribution amount, and fourth to pay any deficiency in the Amount Available to pay the Class B-2 Interest Distribution Amount.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Green Tree Financial Corp)

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Capitalized Interest Account. a. On or before the Closing Date, the Trustee shall establish the Capitalized Interest Account on behalf of the Trust, which must be an Eligible Account, and shall deposit therein $900,000 750,000 received from the Company pursuant to Section 2.02(s). The Capitalized Interest Account shall be entitled "Firstar Trust Company U.S. Bank National Association as Trustee for the benefit of holders of Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates Series 19971999-51." On the Remittance Date Dates occurring in August 1997March and April 1999, if the Monthly Report for such Remittance Date indicates that the Amount Available (after payment of the amount specified in clause (1) of Section 8.03(a) and including in the Amount Available only payments in respect of interest on the Contracts) is not sufficient to pay the Class A Interest Distribution Amount, plus the Class M-1 Interest Distribution Amount, plus the Class M-2 Interest Distribution Amount, plus the Class B-1 Interest Distribution Amount, the Trustee shall withdraw the amount of such deficiency, or the amount of funds in the Capitalized Interest Account (net of any investment earnings thereon), if less, and shall deposit such funds in the Certificate Account for distribution on such Remittance Date in order first to pay any deficiency in the Amount Available to pay the Class A Interest Distribution Amount, second to pay any deficiency in the Amount Available to pay the Class M- 1 M-1 Interest Distribution Amount, third to pay any deficiency in the Amount Available to pay the Class B-1 M-2 Interest Distribution amountAmount, and fourth to pay any deficiency in the Amount Available to pay the Class B-2 B-1 Interest Distribution Amount.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Green Tree Financial Corp)

Capitalized Interest Account. a. On or before the Closing Date, the Trustee shall establish the Capitalized Interest Account on behalf of the Trust, which must be an Eligible Account, and shall deposit therein $900,000 10,500,000 received from the Company pursuant to Section 2.02(s). The Capitalized Interest Account shall be entitled "Firstar Trust Company U.S. Bank National Association as Trustee for the benefit of holders of Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates Series 19971999-5." On the Remittance Date Dates occurring in August 1997October 1999 and November 1999, if the Monthly Report for such Remittance Date indicates that the Amount Available (after payment of the amount specified in clause (1) of Section 8.03(a) and including in the Amount Available only payments in respect of interest on the Contracts) is not sufficient to pay the Class A Interest Distribution Amount, plus the Class M-1 Interest Distribution Amount, plus the Class M-2 Interest Distribution Amount, plus the Class B-1 Interest Distribution Amount, the Trustee shall withdraw the amount of such deficiency, or the amount of funds in the Capitalized Interest Account (net of any investment earnings thereon), if less, and shall deposit such funds in the Certificate Account for distribution on such Remittance Date in order first to pay any deficiency in the Amount Available to pay the Class A Interest Distribution Amount, second to pay any deficiency in the Amount Available to pay the Class M- 1 M-1 Interest Distribution Amount, third to pay any deficiency in the Amount Available to pay the Class B-1 M-2 Interest Distribution amountAmount, and fourth to pay any deficiency in the Amount Available to pay the Class B-2 B-1 Interest Distribution Amount.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Green Tree Financial Corp)

Capitalized Interest Account. a. (a) On or before the Closing Date, the Trustee shall establish the Capitalized Interest Account on behalf of the Trust, which must be an Eligible Account, and shall deposit therein $900,000 0.00 received from the Company Seller pursuant to Section 2.02(s2.02(xxi). The Capitalized Interest Account shall be entitled "Firstar Trust Company U.S. Bank National Association as Trustee for the benefit of holders of Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates Certificates, Series 19972001-52, and the Certificate Insurer." On the Remittance Date Dates occurring in August 19972001 and September 2001, if the Monthly Report for such Remittance Date indicates that the Amount Available (after payment of the amount specified in clause (i) of Section 8.03(a) and including in the Amount Available only payments in respect of interest on the Contracts) is not sufficient to pay the Class A Interest Distribution Amount, plus the Class M-1 Interest Distribution Amount, plus the Class M-2 Interest Distribution Amount, plus the Class B-1 Interest Distribution Amount, the Trustee shall withdraw the amount of such deficiency, or the amount of funds in the Capitalized Interest Account (net of any investment earnings thereon), if less, and shall deposit such funds in the Certificate Account for distribution on such Remittance Date in order first to pay any deficiency in the Amount Available to pay the Class A Interest Distribution Amount, second to pay any deficiency in the Amount Available to pay the Class M- 1 M-1 Interest Distribution Amount, 104 third to pay any deficiency in the Amount Available to pay the Class M-2 Interest Distribution Amount, and fourth to pay any deficiency in the Amount Available to pay the Class B-1 Interest Distribution amount, and fourth to pay any deficiency in the Amount Available to pay the Class B-2 Interest Distribution Amount.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Conseco Finance Securitizations Corp)

Capitalized Interest Account. a. On or before the Closing Date, the Trustee shall establish the Capitalized Interest Account on behalf of the Trust, which must be an Eligible Account, and shall deposit therein $900,000 1,500,000 received from the Company pursuant to Section 2.02(s). The Capitalized Interest Account shall be entitled "Firstar Trust Company U.S. Bank National Association as Trustee for the benefit of holders of Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates Series 19971999-54." On the Remittance Date Dates occurring in August 19971999 and September 1999, if the Monthly Report for such Remittance Date indicates that the Amount Available (after payment of the amount specified in clause (1) of Section 8.03(a) and including in the Amount Available only payments in respect of interest on the Contracts) is not sufficient to pay the Class A Interest Distribution Amount, plus the Class M-1 Interest Distribution Amount, plus the Class M-2 Interest Distribution Amount, plus the Class B-1 Interest Distribution Amount, the Trustee shall withdraw the amount of such deficiency, or the amount of funds in the Capitalized Interest Account (net of any investment earnings thereon), if less, and shall deposit such funds in the Certificate Account for distribution on such Remittance Date in order first to pay any deficiency in the Amount Available to pay the Class A Interest Distribution Amount, second to pay any deficiency in the Amount Available to pay the Class M- 1 M-1 Interest Distribution Amount, third to pay any deficiency in the Amount Available to pay the Class B-1 M-2 Interest Distribution amountAmount, and fourth to pay any deficiency in the Amount Available to pay the Class B-2 B-1 Interest Distribution Amount.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Green Tree Financial Corp)

Capitalized Interest Account. a. On or before the Closing Date, the Trustee shall establish the Capitalized Interest Account on behalf of the Trust, which must be an Eligible Account, and shall deposit therein $900,000 0 received from the Company pursuant to Section 2.02(s). The Capitalized Interest Account shall be entitled "Firstar Trust Company U.S. Bank National Association as Trustee for the benefit of holders of Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates Series 19971999-53." On the Remittance Date occurring in August 1997July 1999, if the Monthly Report for such Remittance Date indicates that the Amount Available (after payment of the amount specified in clause (1) of Section 8.03(a) and including in the Amount Available only payments in respect of interest on the Contracts) is not sufficient to pay the Class A Interest Distribution Amount, plus the Class M-1 Interest Distribution Amount, plus the Class M-2 Interest Distribution Amount, plus the Class B-1 Interest Distribution Amount, the Trustee shall withdraw the amount of such deficiency, or the amount of funds in the Capitalized Interest Account (net of any investment earnings thereon), if less, and shall deposit such funds in the Certificate Account for distribution on such Remittance Date in order first to pay any deficiency in the Amount Available to pay the Class A Interest Distribution Amount, second to pay any deficiency in the Amount Available to pay the Class M- 1 M-1 Interest Distribution Amount, third to pay any deficiency in the Amount Available to pay the Class B-1 M-2 Interest Distribution amountAmount, and fourth to pay any deficiency in the Amount Available to pay the Class B-2 B-1 Interest Distribution Amount.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Green Tree Financial Corp)

Capitalized Interest Account. a. On or before the Closing Date, the Trustee shall establish the Capitalized Interest Account on behalf of the Trust, which must be an Eligible Account, and shall deposit therein $900,000 1,100,000 received from the Company pursuant to Section 2.02(s). The Capitalized Interest Account shall be entitled "Firstar Trust Company U.S. Bank National Association as Trustee for the benefit of holders of Manufactured Housing 8-10 Contract Senior/Subordinate Pass-Through Certificates Series 1997-57." On the Remittance Date Dates occurring in August November and December 1997, if the Monthly Report for such Remittance Date indicates that the Amount Available (after payment of the amount specified in clause (1) of Section 8.03(a) and including in the Amount Available only payments in respect of interest on the Contracts) is not sufficient to pay the Class A Interest Distribution Amount, plus the Class M-1 Interest Distribution Amount, plus the Class B-1 Interest Distribution Amount, the Trustee shall withdraw the amount of such deficiency, or the amount of funds in the Capitalized Interest Account (net of any investment earnings thereon), if less, and shall deposit such funds in the Certificate Account for distribution on such Remittance Date in order first to pay any deficiency in the Amount Available to pay the Class A Interest Distribution Amount, second to pay any deficiency in the Amount Available to pay the Class M- 1 M-1 Interest Distribution Amount, third to pay any deficiency in the Amount Available to pay the Class B-1 Interest Distribution amount, and fourth to pay any deficiency in the Amount Available to pay the Class B-2 Interest Distribution Amount.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Green Tree Financial Corp)

Capitalized Interest Account. a. On or before the Closing Date, the Trustee shall establish the Capitalized Interest Account on behalf of the Trust, which must be an Eligible Account, and shall deposit therein $900,000 250,000 received from the Company pursuant to Section 2.02(s). The Capitalized Interest Account shall be entitled "Firstar Trust Company U.S. Bank National Association as Trustee for the benefit of holders of Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates Series 19971998-57." On the Remittance Date occurring in August 1997November 1998, if the Monthly Report for such Remittance Date indicates that the Amount Available (after payment of the amount specified in clause (1) of Section 8.03(a) and including in the Amount Available only payments in respect of interest on the Contracts) is not sufficient to pay the Class A A-1 Interest Distribution Amount, plus the Class M-1 Interest Distribution Amount, plus the Class M-2 Interest Distribution Amount, plus the Class B-1 Interest Distribution Amount, the Trustee shall withdraw the amount of such deficiency, or the amount of funds in the Capitalized Interest Account (net of any investment earnings thereon), if less, and shall deposit such funds in the Certificate Account for distribution on such Remittance Date in order first to pay any deficiency in the Amount Available to pay the Class A A-1 Interest Distribution Amount, second to pay any deficiency in the Amount Available to pay the Class M- 1 M-1 Interest Distribution Amount, third to pay any deficiency in the Amount Available to pay the Class B-1 M-2 Interest Distribution amountAmount, and fourth to pay any deficiency in the Amount Available to pay the Class B-2 B-1 Interest Distribution Amount.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Green Tree Financial Corp)

Capitalized Interest Account. a. On or before the Closing Date, the Trustee shall establish the Capitalized Interest Account on behalf of the Trust, which must be an Eligible Account, and shall deposit therein $900,000 500,000 received from the Company Seller pursuant to Section 2.02(s). The Capitalized Interest Account shall be entitled "Firstar Trust Company U.S. Bank National Association as Trustee for the benefit of holders of Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates Series 19972000-52." On the Remittance Date Dates occurring in July 2000 and August 19972000, if the Monthly Report for such Remittance Date indicates that the Amount Available (after payment of the amount specified in clause (1) of Section 8.03(a) and including in the Amount Available only payments in respect of interest on the Contracts) is not sufficient to pay the Class A Interest Distribution Amount, plus the Class M-1 Interest Distribution Amount, plus the Class M-2 Interest Distribution Amount, plus the Class B-1 Interest Distribution Amount, the Trustee shall withdraw the amount of such deficiency, or the amount of funds in the Capitalized Interest Account (net of any investment earnings thereon), if less, and shall deposit such funds in the Certificate Account for distribution on such Remittance Date in order first to pay any deficiency in the Amount Available to pay the Class A Interest Distribution Amount, second to pay any deficiency in the Amount Available to pay the Class M- 1 M-1 Interest Distribution Amount, third to pay any deficiency in the Amount Available to pay the Class B-1 M-2 Interest Distribution amountAmount, and fourth to pay any deficiency in the Amount Available to pay the Class B-2 B-1 Interest Distribution Amount.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Conseco Finance Securitizations Corp)

Capitalized Interest Account. a. On or before the Closing Date, the Trustee shall establish the Capitalized Interest Account on behalf of the Trust, which must be an Eligible Account, and shall deposit therein $900,000 ____________ received from the Company pursuant to Section 2.02(s). The Capitalized Interest Account shall be entitled "Firstar Trust Company U.S. Bank National Association as Trustee for the benefit of holders of Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates Series 19971998-58." On the Remittance Date occurring in August 1997January 1999, if the Monthly Report for such Remittance Date indicates that the Amount Available (after payment of the amount specified in clause (1) of Section 8.03(a) and including in the Amount Available only payments in respect of interest on the Contracts) is not sufficient to pay the Class A A-1 Interest Distribution Amount, plus the Class M-1 Interest Distribution Amount, plus the Class M-2 Interest Distribution Amount, plus the Class B-1 Interest Distribution Amount, the Trustee shall withdraw the amount of such deficiency, or the amount of funds in the Capitalized Interest Account (net of any investment earnings thereon), if less, and shall deposit such funds in the Certificate Account for distribution on such Remittance Date in order first to pay any deficiency in the Amount Available to pay the Class A A-1 Interest Distribution Amount, second to pay any deficiency in the Amount Available to pay the Class M- 1 M-1 Interest Distribution Amount, third to pay any deficiency in the Amount Available to pay the Class B-1 M-2 Interest Distribution amountAmount, and fourth to pay any deficiency in the Amount Available to pay the Class B-2 B-1 Interest Distribution Amount.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Green Tree Financial Corp)

Capitalized Interest Account. a. On or before the Closing Date, the Trustee shall establish the Capitalized Interest Account on behalf of the Trust, which must be an Eligible Account, and shall deposit therein $900,000 0 received from the Company pursuant to Section 2.02(s). The Capitalized Interest Account shall be entitled "Firstar Trust Company U.S. Bank National Association as Trustee for the benefit of holders of Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates Series 19971998-56." On the Remittance Date occurring in August 1997September 1998, if the Monthly Report for such Remittance Date indicates that the Amount Available (after payment of the amount specified in clause (1) of Section 8.03(a) and including in the Amount Available only payments in respect of interest on the Contracts) is not sufficient to pay the Class A Interest Distribution Amount, plus the Class M-1 Interest Distribution Amount, plus the Class M-2 Interest Distribution Amount, plus the Class B-1 Interest Distribution Amount, the Trustee shall withdraw the amount of such deficiency, or the amount of funds in the Capitalized Interest Account (net of any investment earnings thereon), if less, and shall deposit such funds in the Certificate Account for distribution on such Remittance Date in order first to pay any deficiency in the Amount Available to pay the Class A Interest Distribution Amount, second to pay any deficiency in the Amount Available to pay the Class M- 1 M-1 Interest Distribution Amount, third to pay any deficiency in the Amount Available to pay the Class B-1 M-2 Interest Distribution amountAmount, and fourth to pay any deficiency in the Amount Available to pay the Class B-2 B-1 Interest Distribution Amount.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Green Tree Financial Corp)

Capitalized Interest Account. a. On or before the Closing Date, the Trustee shall establish the Capitalized Interest Account on behalf of the Trust, which must be an Eligible Account, and shall deposit therein $900,000 0.00 received from the Company pursuant to Section 2.02(s2.02(m). The Capitalized Interest Account shall be entitled "Firstar Capitalized Interest Account, U.S. Bank Trust Company National Association as Trustee for the benefit of holders of Manufactured Housing Contract Senior/Subordinate PassHome Equity Loan Certificates, Series 1999-Through Certificates Series 1997-5.C." On the Remittance Payment Date occurring in each of July, August 1997and September 1999, if the Monthly Report for such Remittance Payment Date indicates that the Amount Available (after payment of the amount specified in clause (1) of Section 8.04(b) and including in the Amount Available only payments in respect of interest on the Loans) is not sufficient to pay the Class A Formula Interest Distribution Amount, plus the Class M-1 Formula Interest Distribution Amount, plus the Class M-2 Formula Interest Distribution Amount, plus the Class B-1 Formula Interest Distribution Amount, the Trustee shall withdraw the amount of such deficiency, or the amount of funds in the Capitalized Interest Account (net of any investment earnings thereon), if less, and shall deposit such funds in the Certificate Account for distribution on such Remittance Payment Date in order first to pay any deficiency in the Amount Available to pay the Class A Formula Interest Distribution Amount, second to pay any deficiency in the Amount Available to pay the Class M- 1 M-1 Formula Interest Distribution Amount, third to pay any deficiency in the Amount Available to pay the Class B-1 M-2 Formula Interest Distribution amount, Amount and fourth to pay any deficiency in the Amount Available to pay the Class B-2 B-1 Formula Interest Distribution Amount.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Green Tree Financial Corp)

Capitalized Interest Account. a. On or before the Closing Date, the Trustee shall establish the Capitalized Interest Account on behalf of the Trust, which must be an Eligible Account, and shall deposit therein $900,000 0 received from the Company Seller pursuant to Section 2.02(s2.02(u). The Capitalized Interest Account shall be entitled "Firstar Trust Company U.S. Bank National Association as Trustee for the benefit of holders of Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates Series 19972001-51." On the Remittance Date Dates occurring in August 1997May 2001 and June 2001, if the Monthly Report for such Remittance Date indicates that the Amount Available (after payment of the amount specified in clause (1) of Section 8.03(a) and including in the Amount Available only payments in respect of interest on the Contracts) is not sufficient to pay the Class A Interest Distribution Amount, plus the Class M-1 Interest Distribution Amount, plus the Class M-2 Interest Distribution Amount, plus the Class B-1 Interest Distribution Amount, the Trustee shall withdraw the amount of such deficiency, or the amount of funds in the Capitalized Interest Account (net of any investment earnings thereon), if less, and shall deposit such funds in the Certificate Account for distribution on such Remittance Date in order first to pay any deficiency in the Amount Available to pay the Class A Interest Distribution Amount, second to pay any deficiency in the Amount Available to pay the Class M- 1 M-1 Interest Distribution Amount, third to pay any deficiency in the Amount Available to pay the Class B-1 M-2 Interest Distribution amountAmount, and fourth to pay any deficiency in the Amount Available to pay the Class B-2 B-1 Interest Distribution Amount.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Conseco Finance Securitizations Corp)

Capitalized Interest Account. a. On or before the Closing Date, the Trustee shall establish the Capitalized Interest Account on behalf of the Trust, which must be an Eligible Account, and shall deposit therein $900,000 0.00 received from the Company pursuant to Section 2.02(s2.02(m). The Capitalized Interest Account shall be entitled "Firstar Capitalized Interest Account, U.S. Bank Trust Company National Association as Trustee for the benefit of holders of Manufactured Housing Contract Senior/Subordinate PassHome Improvement Loan Certificates, Series 1999-Through Certificates Series 1997-5.E." On the Remittance Payment Date occurring in August 1997each of October, November and December 1999, if the Monthly Report for such Remittance Payment Date indicates that the Amount Available (after payment of the amount specified in clause (1) of Section 8.04(b) and including in the Amount Available only payments in respect of interest on the Loans) is not sufficient to pay the Class A Formula Interest Distribution Amount, plus the Class M-1 Formula Interest Distribution Amount, plus the Class M-2 Formula Interest Distribution Amount, plus the Class B-1 Formula Interest Distribution Amount, the Trustee shall withdraw the amount of such deficiency, or the amount of funds in the Capitalized Interest Account (net of any investment earnings thereon), if less, and shall deposit such funds in the Certificate Account for distribution on such Remittance Payment Date in order first to pay any deficiency in the Amount Available to pay the Class A Formula Interest Distribution Amount, second to pay any deficiency in the Amount Available to pay the Class M- 1 M-1 Formula Interest Distribution Amount, third to pay any deficiency in the Amount Available to pay the Class B-1 M-2 Formula Interest Distribution amount, Amount and fourth to pay any deficiency in the Amount Available to pay the Class B-2 B-1 Formula Interest Distribution Amount.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Green Tree Financial Corp)

Capitalized Interest Account. a. On or before the Closing Date, the Trustee shall establish the Capitalized Interest Account on behalf of the Trust, which must be an Eligible Account, and shall deposit therein $900,000 0 received from the Company Seller pursuant to Section 2.02(s2.02(t). The Capitalized Interest Account shall be entitled "Firstar Trust Company U.S. Bank National Association as Trustee for the benefit of holders of Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates Series 19972001-53." On the Remittance Date Dates occurring in August 1997October 2001 and November 2001, if the Monthly Report for such Remittance Date indicates that the Amount Available (after payment of the amount specified in clause (1) of Section 8.03(a) and including in the Amount Available only payments in respect of interest on the Contracts) is not sufficient to pay the Class A Interest Distribution Amount, plus the Class M-1 Interest Distribution Amount, plus the Class M-2 Interest Distribution Amount, plus the Class B-1 Interest Distribution Amount, the Trustee shall withdraw the amount of such deficiency, or the amount of funds in the Capitalized Interest Account (net of any investment earnings thereon), if less, and shall deposit such funds in the Certificate Account for distribution on such Remittance Date in order first to pay any deficiency in the Amount Available to pay the Class A Interest Distribution Amount, second to pay any deficiency in the Amount Available to pay the Class M- 1 M-1 Interest Distribution Amount, third to pay any deficiency in the Amount Available to pay the Class B-1 M-2 Interest Distribution amountAmount, and fourth to pay any deficiency in the Amount Available to pay the Class B-2 B-1 Interest Distribution Amount.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Conseco Finance Securitizations Corp)

Capitalized Interest Account. a. On or before the Closing Date, the Trustee shall establish the Capitalized Interest Account on behalf of the Trust, which must be an Eligible Account, and shall deposit therein $900,000 1,000,000 received from the Company pursuant to Section 2.02(s). The Capitalized Interest Account shall be entitled "Firstar Trust Company as Trustee for the benefit of holders of Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates Series 1997-56." On the Remittance Date occurring in August October 1997, if the Monthly Report for such Remittance Date indicates that the Amount Available (after payment of the amount specified in clause (1) of Section 8.03(a) and including in the Amount Available only payments in respect of interest on the Contracts) is not sufficient to pay the Class A Interest Distribution Amount, plus the Class M-1 Interest Distribution Amount, plus the Class B-1 Interest Distribution Amount, the Trustee shall withdraw the amount of such deficiency, or the amount of funds in the Capitalized Interest Account (net of any investment earnings thereon), if less, and shall deposit such funds in the Certificate Account for distribution on such Remittance Date in order first to pay any deficiency in the Amount Available to pay the Class A Interest Distribution Amount, second to pay any deficiency in the Amount Available to pay the Class M- 1 M-1 Interest Distribution Amount, third to pay any deficiency in the Amount Available to pay the Class B-1 Interest Distribution amount, and fourth to pay any deficiency in the Amount Available to pay the Class B-2 Interest Distribution Amount.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Green Tree Financial Corp)

Capitalized Interest Account. a. On or before the Closing Date, the Trustee shall establish the Capitalized Interest Account on behalf of the Trust, which must be an Eligible Account, and shall deposit therein $900,000 500,000 received from the Company Seller pursuant to Section 2.02(s). The Capitalized Interest Account shall be entitled "Firstar Trust Company U.S. Bank National Association as Trustee for the benefit of holders of Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates Series 19972000-54." On the Remittance Date Dates occurring in August 1997September 2000 and October 2000, if the Monthly Report for such Remittance Date indicates that the Amount Available (after payment of the amount specified in clause (1) of Section 8.03(a) and including in the Amount Available only payments in respect of interest on the Contracts) is not sufficient to pay the Class A Interest Distribution Amount, plus the Class M-1 Interest Distribution Amount, plus the Class M-2 Interest Distribution Amount, plus the Class B-1 Interest Distribution Amount, the Trustee shall withdraw the amount of such deficiency, or the amount of funds in the Capitalized Interest Account (net of any investment earnings thereon), if less, and shall deposit such funds in the Certificate Account for distribution on such Remittance Date in order first to pay any deficiency in the Amount Available to pay the Class A Interest Distribution Amount, second to pay any deficiency in the Amount Available to pay the Class M- 1 M-1 Interest Distribution Amount, third to pay any deficiency in the Amount Available to pay the Class B-1 M-2 Interest Distribution amountAmount, and fourth to pay any deficiency in the Amount Available to pay the Class B-2 B-1 Interest Distribution Amount.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Conseco Finance Securitizations Corp)

Capitalized Interest Account. a. On or before the Closing Date, the Trustee shall establish the Capitalized Interest Account on behalf of the Trust, which must be an Eligible Account, and shall deposit therein $900,000 0.00 received from the Company Seller pursuant to Section 2.02(s2.02(m). The Capitalized Interest Account shall be entitled "Firstar Capitalized Interest Account, U.S. Bank Trust Company National Association as Trustee for the benefit of holders of Manufactured Housing Contract Senior/Subordinate PassHome Equity Loan Certificates, Series 1999-Through Certificates Series 1997-5.H." On the Remittance Payment Date occurring in August 1997each of December 1999, January 2000, and February 2000, if the Monthly Report for such Remittance Payment Date indicates that the Amount Available (after payment of the amount specified in clause (1) of Section 8.04(b) and including in the Amount Available only payments in respect of interest on the Loans) is not sufficient to pay the Class A Formula Interest Distribution Amount, plus the Class M-1 Formula Interest Distribution Amount, plus the Class M-2 Formula Interest Distribution Amount, and the Class B-1 Formula Interest Distribution Amount, the Trustee shall withdraw the amount of such deficiency, or the amount of funds in the Capitalized Interest Account (net of any investment earnings thereon), if less, and shall deposit such funds in the Certificate Account for distribution on such Remittance Payment Date in order first to pay any deficiency in the Amount Available to pay the Class A Formula Interest Distribution Amount, second to pay any deficiency in the Amount Available to pay the Class M- 1 M-1 Formula Interest Distribution Amount, third to pay any deficiency in the Amount Available to pay the Class B-1 M-2 Formula Interest Distribution amountAmount, and fourth to pay any deficiency in the Amount Available to pay the Class B-2 B-1 Formula Interest Distribution Amount.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Conseco Finance Securitizations Corp)

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Capitalized Interest Account. a. On or before the Closing Date, the Trustee shall establish the Capitalized Interest Account on behalf of the Trust, which must be an Eligible Account, and shall deposit therein $900,000 500,000 received from the Company Seller pursuant to Section 2.02(s2.02(u). The Capitalized Interest Account shall be entitled "Firstar Trust Company U.S. Bank National Association as Trustee for the benefit of holders of Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates Series 19972000-5." On the Remittance Date Dates occurring in August 1997November 2000 and December 2000, if the Monthly Report for such Remittance Date indicates that the Amount Available (after payment of the amount specified in clause (1) of Section 8.03(a) and including in the Amount Available only payments in respect of interest on the Contracts) is not sufficient to pay the Class A Interest Distribution Amount, plus the Class M-1 Interest Distribution Amount, plus the Class M-2 Interest Distribution Amount, plus the Class B-1 Interest Distribution Amount, the Trustee shall withdraw the amount of such deficiency, or the amount of funds in the Capitalized Interest Account (net of any investment earnings thereon), if less, and shall deposit such funds in the Certificate Account for distribution on such Remittance Date in order first to pay any deficiency in the Amount Available to pay the Class A Interest Distribution Amount, second to pay any deficiency in the Amount Available to pay the Class M- 1 M-1 Interest Distribution Amount, third to pay any deficiency in the Amount Available to pay the Class B-1 M-2 Interest Distribution amountAmount, and fourth to pay any deficiency in the Amount Available to pay the Class B-2 B-1 Interest Distribution Amount.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Conseco Finance Securitizations Corp)

Capitalized Interest Account. a. On or before the Closing Date, the Trustee shall establish the Capitalized Interest Account on behalf of the Trust, which must be an Eligible Account, and shall deposit therein $900,000 850,000 received from the Company pursuant to Section 2.02(sSection2.02(s). The Capitalized Interest Account shall be entitled "Firstar Trust Company U.S. Bank National Association as Trustee for the benefit of holders of Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates Series 19971998-53." On the Remittance Date occurring in August 1997June 1998, if the Monthly Report for such Remittance Date indicates that the Amount Available (after payment of the amount specified in clause (1) of Section 8.03(a) and including in the Amount Available only payments in respect of interest on the Contracts) is not sufficient to pay the Class A Interest Distribution Amount, plus the Class M-1 Interest Distribution Amount, plus the Class B-1 Interest Distribution Amount, the Trustee shall withdraw the amount of such deficiency, or the amount of funds in the Capitalized Interest Account (net of any investment earnings thereon), if less, and shall deposit such funds in the Certificate Account for distribution on such Remittance Date in order first to pay any deficiency in the Amount Available to pay the Class A Interest Distribution Amount, second to pay any deficiency in the Amount Available to pay the Class M- 1 M-1 Interest Distribution Amount, and third to pay any deficiency in the Amount Available to pay the Class B-1 Interest Distribution amount, and fourth to pay any deficiency in the Amount Available to pay the Class B-2 Interest Distribution Amount.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Green Tree Financial Corp)

Capitalized Interest Account. a. On or before the Closing Date, the Trustee shall establish the Capitalized Interest Account on behalf of the Trust, which must be an Eligible Account, and shall deposit therein $900,000 4,750,000 received from the Company Seller pursuant to Section 2.02(s). The Capitalized Interest Account shall be entitled "Firstar Trust Company U.S. Bank National Association as Trustee for the benefit of holders of Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates Series 19971999-56." On the Remittance Date Dates occurring in August 1997January 2000 and February 2000, if the Monthly Report for such Remittance Date indicates that the Amount Available (after payment of the amount specified in clause (1) of Section 8.03(a) and including in the Amount Available only payments in respect of interest on the Contracts) is not sufficient to pay the Class A A-1 Interest Distribution Amount, plus the Class M-1 Interest Distribution Amount, plus the Class M-2 Interest Distribution Amount, plus the Class B-1 Interest Distribution Amount, the Trustee shall withdraw the amount of such deficiency, or the amount of funds in the Capitalized Interest Account (net of any investment earnings thereon), if less, and shall deposit such funds in the Certificate Account for distribution on such Remittance Date in order first to pay any deficiency in the Amount Available to pay the Class A A-1 Interest Distribution Amount, second to pay any deficiency in the Amount Available to pay the Class M- 1 M-1 Interest Distribution Amount, third to pay any deficiency in the Amount Available to pay the Class B-1 M-2 Interest Distribution amountAmount, and fourth to pay any deficiency in the Amount Available to pay the Class B-2 B-1 Interest Distribution Amount.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Conseco Finance Securitizations Corp)

Capitalized Interest Account. a. On or before the Closing Date, the Trustee shall establish the Capitalized Interest Account on behalf of the Trust, which must be an Eligible Account, and shall deposit therein $900,000 0 received from the Company Seller pursuant to Section 2.02(s2.02(m). The Capitalized Interest Account shall be entitled "Firstar Capitalized Interest Account, U.S. Bank Trust Company National Association as Trustee for the benefit of holders of Manufactured Housing Contract Senior/Subordinate PassHome Equity Loan Certificates, Series 2000-Through Certificates Series 1997-5.C." On the Remittance Payment Date occurring in each of July 2000 and August 19972000, if the Monthly Report for such Remittance Payment Date indicates that the Amount Available (after payment of the amount specified in clause (1) of Section 8.04(b) and including in the Amount Available only payments in respect of interest on the Loans) is not sufficient to pay the Class A Formula Interest Distribution Amount, plus the Class M-1 Formula Interest Distribution Amount, plus the Class M-2 Formula Interest Distribution Amount, and the Class B-1 Formula Interest Distribution Amount, the Trustee shall withdraw the amount of such deficiency, or the amount of funds in the Capitalized Interest Account (net of any investment earnings thereon), if less, and shall deposit such funds in the Certificate Account for distribution on such Remittance Payment Date in order first to pay any deficiency in the Amount Available to pay the Class A Formula Interest Distribution Amount, second to pay any deficiency in the Amount Available to pay the Class M- 1 M-1 Formula Interest Distribution Amount, third to pay any deficiency in the Amount Available to pay the Class B-1 M-2 Formula Interest Distribution amountAmount, and fourth to pay any deficiency in the Amount Available to pay the Class B-2 B-1 Formula Interest Distribution Amount.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Conseco Finance Securitizations Corp)

Capitalized Interest Account. a. On or before the Closing Date, the Trustee shall establish the Capitalized Interest Account on behalf of the Trust, which must be an Eligible Account, and shall deposit therein $900,000 1,500,000 received from the Company Seller pursuant to Section 2.02(s). The Capitalized Interest Account shall be entitled "Firstar Trust Company U.S. Bank National Association as Trustee for the benefit of holders of Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates Series 1997-5_________." On the Remittance Date Dates occurring in August 1997_________ and _________, if the Monthly Report for such Remittance Date indicates that the Amount Available (after payment of the amount specified in clause (1) of Section 8.03(a) and including in the Amount Available only payments in respect of interest on the Contracts) is not sufficient to pay the Class A Interest Distribution Amount, plus the Class M-1 Interest Distribution Amount, plus the Class M-2 Interest Distribution Amount, plus the Class B-1 Interest Distribution Amount, the Trustee shall withdraw the amount of such deficiency, or the amount of funds in the Capitalized Interest Account (net of any investment earnings thereon), if less, and shall deposit such funds in the Certificate Account for distribution on such Remittance Date in order first to pay any deficiency in the Amount Available to pay the Class A Interest Distribution Amount, second to pay any deficiency in the Amount Available to pay the Class M- 1 M-1 Interest Distribution Amount, third to pay any deficiency in the Amount Available to pay the Class B-1 M-2 Interest Distribution amountAmount, and fourth to pay any deficiency in the Amount Available to pay the Class B-2 B-1 Interest Distribution Amount.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Conseco Finance Securitizations Corp)

Capitalized Interest Account. a. On or before the Closing Date, the Trustee shall establish the Capitalized Interest Account on behalf of the Trust, which must be an Eligible Account, and shall deposit therein $900,000 -0- received from the Company Seller pursuant to Section 2.02(s2.02(m). The Capitalized Interest Account shall be entitled "Firstar Capitalized Interest Account, U.S. Bank Trust Company National Association as Trustee for the benefit of holders of Manufactured Housing Contract Senior/Subordinate PassHome Equity Loan Certificates, Series 2000-Through Certificates Series 1997-5.A." On the Remittance Payment Date occurring in August 1997each of March 2000, April 2000, and May 2000, if the Monthly Report for such Remittance Payment Date indicates that the Amount Available (after payment of the amount specified in clause (1) of Section 8.04(b) and including in the Amount Available only payments in respect of interest on the Loans) is not sufficient to pay the Class A AV Formula Interest Distribution Amount, plus the Class M-1 MV-1 Formula Interest Distribution Amount, plus the Class B-1 MV-2 Formula Interest Distribution Amount, and the Class BV-1 Formula Interest Distribution Amount, the Trustee shall withdraw the amount of such deficiency, or the amount of funds in the Capitalized Interest Account (net of any investment earnings thereon), if less, and shall deposit such funds in the Certificate Account for distribution on such Remittance Payment Date in order first to pay any deficiency in the Amount Available to pay the Class A AV Formula Interest Distribution Amount, second to pay any deficiency in the Amount Available to pay the Class M- 1 MV-1 Formula Interest Distribution Amount, third to pay any deficiency in the Amount Available to pay the Class B-1 MV-2 Formula Interest Distribution amountAmount, and fourth to pay any deficiency in the Amount Available to pay the Class B-2 BV-1 Formula Interest Distribution Amount.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Conseco Finance Securitizations Corp)

Capitalized Interest Account. a. On or before the Closing Date, the Trustee shall establish the Capitalized Interest Account on behalf of the Trust, which must be an Eligible Account, and shall deposit therein $900,000 2,100,000 received from the Company Seller pursuant to Section 2.02(s). The Capitalized Interest Account shall be entitled "Firstar Trust Company U.S. Bank National Association as Trustee for the benefit of holders of Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates Series 19972000-51." On the Remittance Date Dates occurring in August 1997April 2000 and May 2000, if the Monthly Report for such Remittance Date indicates that the Amount Available (after payment of the amount specified in clause (1) of Section 8.03(a) and including in the Amount Available only payments in respect of interest on the Contracts) is not sufficient to pay the Class A Interest Distribution Amount, plus the Class M-1 Interest Distribution Amount, plus the Class M-2 Interest Distribution Amount, plus the Class B-1 Interest Distribution Amount, the Trustee shall withdraw the amount of such deficiency, or the amount of funds in the Capitalized Interest Account (net of any investment earnings thereon), if less, and shall deposit such funds in the Certificate Account for distribution on such Remittance Date in order first to pay any deficiency in the Amount Available to pay the Class A Interest Distribution Amount, second to pay any deficiency in the Amount Available to pay the Class M- 1 M-1 Interest Distribution Amount, third to pay any deficiency in the Amount Available to pay the Class B-1 M-2 Interest Distribution amountAmount, and fourth to pay any deficiency in the Amount Available to pay the Class B-2 B-1 Interest Distribution Amount.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Conseco Finance Securitizations Corp)

Capitalized Interest Account. a. On or before the Closing Date, the Trustee shall establish the Capitalized Interest Account on behalf of the Trust, which must be an Eligible Account, and shall deposit therein $900,000 500,000 received from the Company Seller pursuant to Section 2.02(s2.02(u). The Capitalized Interest Account shall be entitled "Firstar Trust Company U.S. Bank National Association as Trustee for the benefit of holders of Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates Series 19972000-56." On the Remittance Date Dates occurring in August 1997January 2001 and February 2001, if the Monthly Report for such Remittance Date indicates that the Amount Available (after payment of the amount specified in clause (1) of Section 8.03(a) and including in the Amount Available only payments in respect of interest on the Contracts) is not sufficient to pay the Class A Interest Distribution Amount, plus the Class M-1 Interest Distribution Amount, plus the Class M-2 Interest Distribution Amount, plus the Class B-1 Interest Distribution Amount, the Trustee shall withdraw the amount of such deficiency, or the amount of funds in the Capitalized Interest Account (net of any investment earnings thereon), if less, and shall deposit such funds in the Certificate Account for distribution on such Remittance Date in order first to pay any deficiency in the Amount Available to pay the Class A Interest Distribution Amount, second to pay any deficiency in the Amount Available to pay the Class M- 1 M-1 Interest Distribution Amount, third to pay any deficiency in the Amount Available to pay the Class B-1 M-2 Interest Distribution amountAmount, and fourth to pay any deficiency in the Amount Available to pay the Class B-2 B-1 Interest Distribution Amount.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Conseco Finance Securitizations Corp)

Capitalized Interest Account. a. On or before the Closing Date, the Trustee shall establish the Capitalized Interest Account on behalf of the Trust, which must be an Eligible Account, and shall deposit therein $900,000 0.00 received from the Company Seller pursuant to Section 2.02(s2.02(m). The Capitalized Interest Account shall be entitled "Firstar Capitalized Interest Account, U.S. Bank Trust Company National Association as Trustee for the benefit of holders of Manufactured Housing Contract Senior/Subordinate PassHome Equity Loan Certificates, Series 1999-Through Certificates Series 1997-5.F." On the Remittance Payment Date occurring in August 1997each of October, November and December 1999, if the Monthly Report for such Remittance Payment Date indicates that the Amount Available (after payment of the amount specified in clause (1) of Section 8.04(b) and including in the Amount Available only payments in respect of interest on the Loans) is not sufficient to pay the Class A Formula Interest Distribution Amount, plus the Class M-1 Formula Interest Distribution Amount, plus the Class M-2 Formula Interest Distribution Amount, plus the Class B-1 Formula Interest Distribution Amount, the Trustee shall withdraw the amount of such deficiency, or the amount of funds in the Capitalized Interest Account (net of any investment earnings thereon), if less, and shall deposit such funds in the Certificate Account for distribution on such Remittance Payment Date in order first to pay any deficiency in the Amount Available to pay the Class A Formula Interest Distribution Amount, second to pay any deficiency in the Amount Available to pay the Class M- 1 M-1 Formula Interest Distribution Amount, third to pay any deficiency in the Amount Available to pay the Class B-1 M-2 Formula Interest Distribution amountAmount, and fourth to pay any deficiency in the Amount Available to pay the Class B-2 B-1 Formula Interest Distribution Amount.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Conseco Finance Securitizations Corp)

Capitalized Interest Account. a. On or before the Closing Date, the Trustee shall establish the Capitalized Interest Account on behalf of the Trust, which must be an Eligible Account, and shall deposit therein $900,000 1,500,000 received from the Company pursuant to Section 2.02(s). The Capitalized Interest Account shall be entitled "Firstar Trust Company U.S. Bank National Association as Trustee for the benefit of holders of Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates Series 1997-51999- 2." On the Remittance Date Dates occurring in August 1997May 1999 and June 1999, if the Monthly Report for such Remittance Date indicates that the Amount Available (after payment of the amount specified in clause (1) of Section 8.03(a) and including in the Amount Available only payments in respect of interest on the Contracts) is not sufficient to pay the Class A Interest Distribution Amount, plus the Class M-1 Interest Distribution Amount, plus the Class M-2 Interest Distribution Amount, plus the Class B-1 Interest Distribution Amount, the Trustee shall withdraw the amount of such deficiency, or the amount of funds in the Capitalized Interest Account (net of any investment earnings thereon), if less, and shall deposit such funds in the Certificate Account for distribution on such Remittance Date in order first to pay any deficiency in the Amount Available to pay the Class A Interest Distribution Amount, second to pay any deficiency in the Amount Available to pay the Class M- 1 M-1 Interest Distribution Amount, third to pay any deficiency in the Amount Available to pay the Class B-1 M-2 Interest Distribution amountAmount, and fourth to pay any deficiency in the Amount Available to pay the Class B-2 B-1 Interest Distribution Amount.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Green Tree Financial Corp)

Capitalized Interest Account. a. On or before the Closing Date, the Trustee shall establish the Capitalized Interest Account on behalf of the Trust, which must be an Eligible Account, and shall deposit therein $900,000 $ received from the Company Seller pursuant to Section 2.02(s2.02(m). The Capitalized Interest Account shall be entitled "Firstar Capitalized Interest Account, U.S. Bank Trust Company National Association as Trustee for the benefit of holders of Manufactured Housing Contract Senior/Subordinate PassHome Equity Loan Certificates, Series 2000-Through Certificates Series 1997-5.B." On the Remittance Payment Date occurring in August 1997each of April 2000, May 2000 and June 2000, if the Monthly Report for such Remittance Payment Date indicates that the Amount Available (after payment of the amount specified in clause (1) of Section 8.04(b) and including in the Amount Available only payments in respect of interest on the Loans) is not sufficient to pay the Class A AF Formula Interest Distribution Amount, plus the Class M-1 MF-1 Formula Interest Distribution Amount, plus the Class B-1 MF-2 Formula Interest Distribution Amount, and the Class BF-1 Formula Interest Distribution Amount, the Trustee shall withdraw the amount of such deficiency, or the amount of funds in the Capitalized Interest Account (net of any investment earnings thereon), if less, and shall deposit such funds in the Certificate Account for distribution on such Remittance Payment Date in order first to pay any deficiency in the Amount Available to pay the Class A AF Formula Interest Distribution Amount, second to pay any deficiency in the Amount Available to pay the Class M- 1 MF-1 Formula Interest Distribution Amount, third to pay any deficiency in the Amount Available to pay the Class B-1 MF-2 Formula Interest Distribution amountAmount, and fourth to pay any deficiency in the Amount Available to pay the Class B-2 BF-1 Formula Interest Distribution Amount.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Conseco Finance Securitizations Corp)

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