Common use of Certificate Accounts Clause in Contracts

Certificate Accounts. (a) On or before the date of issuance of the Certificates of any Issue, the Trustee will open with an Eligible Depository one or more Certificate Accounts to hold funds for the benefit of Holders of the Certificates of the related Issue. A Certificate Account may also contain funds that the Trustee holds in trust for one or more Trusts or Other Xxxxxx Xxx Trusts, provided that the Trustee keeps, or causes to be kept, separate records of funds with respect to each Trust.

Certificate Accounts. (a) On or before the date of issuance of the Certificates of any IssueSeries, the Trustee will open with an Eligible Depository one or more Certificate Accounts to hold funds for the benefit of Holders of the Certificates of the related IssueSeries. A Certificate Account may also contain funds that the Trustee holds in trust for one or more Trusts or Other Xxxxxx Xxx Trusts, provided that the Trustee keeps, or causes to be kept, separate records of funds with respect to each Trust.

Certificate Accounts. (a) On or before the date of issuance of the Certificates of any IssueSeries, the Trustee will open with an Eligible Depository one or more Certificate Accounts to hold funds for the benefit of Holders of the Certificates of the related IssueSeries. A Certificate Account may also contain funds that the Trustee holds in trust for one or more Trusts or Other Xxxxxx Xxx Mae Trusts, provided that the Trustee keeps, or causes to be kept, separate records of funds with respect to each Trust.