Common use of Class P Certificate Account Clause in Contracts

Class P Certificate Account. The Securities Administrator shall establish and maintain with itself a separate, segregated trust account for each of the Class P Certificates, titled “Bear Sxxxxxx Asset-Backed Securities I Trust 2006-AC4 Class P Certificate Account” (the “Class P Certificate Account”). On the Closing Date, the Depositor will deposit, or cause to be deposited in the Class P Certificate Account $100.00. Prepayment charges shall be allocated to the Class P Certificate. The amount on deposit in the Class P Certificate Account shall be held uninvested. On the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule, the Securities Administrator shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders of the Class P Certificates in reduction of the Certificate Principal Balance thereof.

Class P Certificate Account. The Securities Administrator Trustee shall establish and maintain with itself a separate, segregated trust account for each of the Class P Certificates, titled “Bear Sxxxxxx Asset-Xxxxxxx Asset Backed Securities I Trust 20062007-AC4 AC2 Class P Certificate Account” (the “Class P Certificate Account”). On the Closing Date, the Depositor will deposit, or cause to be deposited in the Class P Certificate Account $100.00. Prepayment charges shall be allocated to the Class P Certificate. The amount on deposit in the Class P Certificate Account shall be held uninvested. On the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule, the Securities Administrator Trustee shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders of the Class P Certificates in reduction of the Certificate Principal Balance thereof.

Class P Certificate Account. The Securities Administrator Trustee shall establish and maintain with itself a separate, segregated trust account for each of the Class P Certificates, titled “Bear Sxxxxxx Asset-Xxxxxxx Asset Backed Securities I Trust 20062007-AC4 AC3 Class P Certificate Account” (the “Class P Certificate Account”). On the Closing Date, the Depositor will deposit, or cause to be deposited in the Class P Certificate Account $100.00. Prepayment charges shall be allocated to the Class P Certificate. The amount on deposit in the Class P Certificate Account shall be held uninvested. On the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule, the Securities Administrator Trustee shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders of the Class P Certificates in reduction of the Certificate Principal Balance thereof.

Class P Certificate Account. The Securities Administrator shall establish and maintain with itself a separate, segregated trust account for each of the Class P Certificates, titled “Bear Sxxxxxx Xxxxxxx Asset-Backed Securities I Trust 20062007-AC4 AC1 Class P Certificate Account” (the “Class P Certificate Account”). On the Closing Date, the Depositor will deposit, or cause to be deposited in the Class P Certificate Account $100.00. Prepayment charges shall be allocated to the Class P Certificate. The amount on deposit in the Class P Certificate Account shall be held uninvested. On the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule, the Securities Administrator shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders of the Class P Certificates in reduction of the Certificate Principal Balance thereof.

Class P Certificate Account. The Securities Administrator Trustee shall establish and maintain with itself a separate, segregated trust account for each of the Class P Certificates, titled “Bear Sxxxxxx Asset-Backed Securities I Xxxxxxx Mortgage Funding Trust 2006-AC4 AC1 Class P Certificate Account” (the “Class P Certificate Account”). On the Closing Date, the Depositor will deposit, or cause to be deposited in the Class P Certificate Account $100.00. Prepayment charges shall be allocated to the Class P Certificate. The amount on deposit in the Class P Certificate Account shall be held uninvested. On the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule, the Securities Administrator Trustee shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders of the Class P Certificates in reduction of the Certificate Principal Balance thereof.

Class P Certificate Account. The Securities Administrator Trustee shall establish and maintain with itself a separate, segregated trust account for each of the Class P Certificates, titled “Bear Sxxxxxx Asset-Xxxxxxx Asset Backed Securities I Trust 20062007-AC4 Class P Certificate Account” (the “Class P Certificate Account”). On the Closing Date, the Depositor will deposit, or cause to be deposited in the Class P Certificate Account $100.00. Prepayment charges shall be allocated to the Class P Certificate. The amount on deposit in the Class P Certificate Account shall be held uninvested. On the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule, the Securities Administrator Trustee shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders of the Class P Certificates in reduction of the Certificate Principal Balance thereof.

Class P Certificate Account. The Securities Administrator shall establish and maintain with itself a separate, segregated trust account for each of the Class P Certificates, titled “Bear Sxxxxxx Xxxxxxx Asset-Backed Securities I Trust 2006-AC4 AC5 Class P Certificate Account” (the “Class P Certificate Account”). On the Closing Date, the Depositor will deposit, or cause to be deposited in the Class P Certificate Account $100.00. Prepayment charges shall be allocated to the Class P Certificate. The amount on deposit in the Class P Certificate Account shall be held uninvested. On the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule, the Securities Administrator shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders of the Class P Certificates in reduction of the Certificate Principal Balance thereof.

Class P Certificate Account. The Securities Administrator Trustee shall establish and maintain with itself a separate, segregated trust account for each of the Class P Certificates, titled “Bear Sxxxxxx Asset-Xxxxxxx Asset Backed Securities I Trust 20062007-AC4 AC-5 Class P Certificate Account” (the “Class P Certificate Account”). On the Closing Date, the Depositor will shall deposit, or cause to be deposited deposited, in the Class P Certificate Account $100.00. Prepayment charges shall be allocated to the Class P Certificate. The amount on deposit in the Class P Certificate Account shall be held uninvested. On the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule, the Securities Administrator Trustee shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders of the Class P Certificates in reduction of the Certificate Principal Balance thereof.

Class P Certificate Account. The Securities Administrator Trustee shall establish and maintain with itself a separate, segregated trust account for each of the Class P Certificates, titled “Bear Sxxxxxx Asset-Asset Backed Securities I Trust 20062007-AC4 AC6 Class P Certificate Account” (the “Class P Certificate Account”). On the Closing Date, the Depositor will shall deposit, or cause to be deposited deposited, in the Class P Certificate Account $100.00. Prepayment charges shall be allocated to the Class P Certificate. The amount on deposit in the Class P Certificate Account shall be held uninvested. On the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule, the Securities Administrator Trustee shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders of the Class P Certificates in reduction of the Certificate Principal Balance thereof.

Class P Certificate Account. The Securities Administrator shall establish and maintain with itself a separate, segregated trust account for each of the Class P Certificates, titled “Bear Sxxxxxx AssetStexxxx Xxset-Backed Securities I Trust 2006-AC4 Class P Certificate Account” (the “Class P Certificate Account”). On the Closing Date, the Depositor will deposit, or cause to be deposited in the Class P Certificate Account $100.00. Prepayment charges shall be allocated to the Class P Certificate. The amount on deposit in the Class P Certificate Account shall be held uninvested. On the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule, the Securities Administrator shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders of the Class P Certificates in reduction of the Certificate Principal Balance thereof.