Common use of Capitalized Interest Account Clause in Contracts

Capitalized Interest Account. (a) The Servicer shall cause the Trust Collateral Agent to establish and maintain an Eligible Deposit Account (the "Capitalized Interest Account") with the Trust Collateral Agent, bearing a designation clearly indicating that the funds deposited therein are held in trust for the benefit of the Noteholders and the Insurer. On or prior to the Closing Date, the Seller shall deposit an amount equal to the Capitalized Interest Account Initial Deposit into the Capitalized Interest Account.

Capitalized Interest Account. (a) The Servicer shall cause the Trust Collateral Agent to establish and maintain an Eligible Deposit Account (the "Capitalized Interest AccountCAPITALIZED INTEREST ACCOUNT") with the Trust Collateral Agent, bearing a designation clearly indicating that the funds deposited therein are held in trust for the benefit of the Noteholders and the Insurer. On or prior to the Closing Date, the Seller shall deposit an amount equal to the Capitalized Interest Account Initial Deposit into the Capitalized Interest Account.