Class X Account. (a) On the Closing Date, the Trustee shall establish and maintain in its name, in trust for the benefit of the holders of the Class X Certificates, the Class X Account. No later than the first date on which any NIMS Securities are issued, the Depositor shall deposit a dollar amount into the Class X Account. The Class X Account shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Trustee held pursuant to this Agreement.
Appears in 6 contracts
Samples: Trust Agreement (Lehman XS Trust Series 2006-Gp2), Trust Agreement (Lehman XS Trust Series 2006-12n), Trust Agreement (Lehman XS Trust Series 2006-4n)
Class X Account. (a) On the Closing Date, the Trustee shall establish and maintain in its name, in trust for the benefit of the holders of the Class X Certificates, the Class X Account. No later than the first date on which any NIMS Securities are issued, the Depositor shall may deposit a dollar amount into the Class X Account. The Class X Account shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Trustee held pursuant to this Agreement.
Appears in 6 contracts
Samples: Trust Agreement (GreenPoint Mortgage Funding Trust 2006-Ar5), Trust Agreement (GreenPoint Mortgage Funding Trust 2006-Ar6), Trust Agreement (GreenPoint Mortgage Funding Trust 2006-Ar4)
Class X Account. (a) On the Closing Date, the Trustee shall establish and maintain in its name, in trust for the benefit of the holders of the Class X Certificates, the Class X Account. No later than the first date on which any NIMS NIM Securities are issued, the Depositor shall may deposit a dollar amount into the Class X Account. The Class X Account shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Trustee held pursuant to this Agreement.
Appears in 3 contracts
Samples: Trust Agreement (Lehman XS 2007-4n), Trust Agreement (GreenPoint Mortgage Funding Trust 2006-Ar8), Reconstituted Servicing Agreement (Lehman XS Trust Series 2007-2n)
Class X Account. (a) On the Closing Date, the Trustee shall establish and maintain in its name, in trust for the benefit of the holders of the Class X and Class C Certificates, the Class X Account. No later than the first date on which any NIMS Securities are issued, the Depositor shall deposit a dollar amount into the Class X Account. The Class X Account shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Trustee held pursuant to this Agreement.
Appears in 2 contracts
Samples: Trust Agreement (Lehman XS Trust 2006-19), Trust Agreement (Lehman XS Trust 2006-11)
Class X Account. (a) On the Closing Date, the Trustee shall establish and maintain in its name, in trust for the benefit of the holders of the Class 1-X and Class 2-X Certificates, the Class X Account. No later than the first date on which any NIMS Securities are issued, the Depositor shall deposit a dollar amount into the Class X Account. The Class X Account shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Trustee held pursuant to this Agreement.. 109
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Class X Account. (a) On the Closing Date, the Trustee shall establish and maintain in its name, in trust for the benefit of the holders of the Class X CertificatesX, the Class X Account. No later than the first date on which any NIMS Securities are issued, the Depositor shall deposit a dollar amount into the Class X Account. The Class X Account shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Trustee held pursuant to this Agreement.
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Class X Account. (a) On the Closing Date, the Trustee shall establish and maintain in its name, in trust for the benefit of the holders of the Class 1-X, Class 2-X and Class C Certificates, the Class X Account. No later than the first date on which any NIMS Securities are issued, the Depositor shall deposit a dollar amount into the Class X Account. The Class X Account shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Trustee held pursuant to this Agreement.
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