Common use of Distribution Account Clause in Contracts

Distribution Account. (a) The Securities Administrator shall establish and maintain in the name of the Trustee, for the benefit of the Certificateholders, the Distribution Account as a segregated trust account or accounts.

Appears in 55 contracts

Samples: Pooling and Servicing Agreement (Merrilll Lynch Mortgage Investors Trust, Series 2005-A10), Pooling and Servicing Agreement (Bear Stearns ALT-A Trust, Series 2005-7), Pooling and Servicing Agreement (Bear Stearns ALT-A Trust, Series 2005-8)

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Distribution Account. (a) The Securities Administrator shall establish and maintain in the name of the Trusteemaintain, for the benefit of the Certificateholders, the Distribution Account as a segregated trust account or accounts.. The Master Servicer shall deposit in the Distribution Account as identified by the Master Servicer and as received by the Master Servicer, the following amounts:

Appears in 33 contracts

Samples: Pooling and Servicing Agreement (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2006-Ar5), Pooling and Servicing Agreement (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2006-Ar3), Pooling and Servicing Agreement (Deutsche Alt-a Securities Mortgage Loan Trust Series 2007-Oa5 /DE)

Distribution Account. (a) The Securities Administrator shall establish and maintain in the name of the Trustee, for the benefit of the Certificateholders, the Distribution Account as a segregated non-interest bearing trust account or accounts.. The Securities Administrator will deposit in the Distribution Account as identified by the Securities Administrator and as received by the Securities Administrator, the following amounts:

Appears in 21 contracts

Samples: Pooling and Servicing Agreement (Nomura Home Equity Loan, Inc., Home Equity Loan Trust, Series 2006-Fm2), Pooling and Servicing Agreement (Nomura Home Equity Loan, Inc., Home Equity Loan Trust, Series 2006-He1), Pooling and Servicing Agreement (Nomura Asset Acceptance Corporation, Alternative Loan Trust, Series 2005-S2)

Distribution Account. (a) The Securities Administrator shall establish and maintain in the name of the Securities Administrator, on behalf of the Trustee, for the benefit of the Certificateholders, the Distribution Account as a segregated trust account or accounts.

Appears in 13 contracts

Samples: Custodial Agreement (SACO I Trust 2006-6), Pooling and Servicing Agreement (SACO I Trust 2006-5), Pooling and Servicing Agreement (SACO I Trust 2006-10)

Distribution Account. (a) The Securities Administrator shall establish and maintain in the name of the Trusteemaintain, for the benefit of the Certificateholders, the a Distribution Account with respect to the Loans as a segregated trust account or accounts.. The Master Servicer shall deposit in the Distribution Account as identified by the Master Servicer and as received by the Master Servicer, the following amounts with respect to the related Loans for the benefit of the related Certificateholders:

Appears in 11 contracts

Samples: Pooling and Servicing Agreement (Deutsche Alt-a Securities Inc), Pooling and Servicing Agreement (Deutsche Mortgage Securities Inc), Pooling and Servicing Agreement (Deutsche Alt-a Securities, Inc. Mortgage Loan Trust, Series 2005-4)

Distribution Account. (a) The Securities Administrator shall establish and maintain in the name on behalf of the Trustee, for the benefit of the Certificateholders, the Distribution Account as a segregated trust account or accounts.. The Distribution Account shall be an Eligible Account. The Master Servicer or Servicer, as the case may be, will remit to the Securities Administrator for deposit in the Distribution Account, the following amounts:

Appears in 11 contracts

Samples: Pooling and Servicing Agreement (American Home Mortgage Assets Trust 2007-5), Pooling and Servicing Agreement (American Home Mortgage Assets Trust 2007-1), Pooling and Servicing Agreement (American Home Mortgage Assets Trust 2006-6)

Distribution Account. (a) The Securities Administrator shall establish and maintain in the name of the Trustee, for the benefit of the Certificateholders, the Distribution Account as a segregated trust account or accounts.. The Distribution Account shall be an Eligible Account. The Master Servicer or Servicer, as the case may be, will remit to the Securities Administrator for deposit in the Distribution Account the following amounts:

Appears in 10 contracts

Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2006-Ac5), Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2006-St1), Servicing Agreement (SACO I Trust 2007-1)

Distribution Account. (a) The Securities Administrator shall establish and maintain in the name of Securities Administrator, on behalf of the Trustee, for the benefit of the Certificateholders, the Distribution Account as a segregated trust account or accounts.

Appears in 6 contracts

Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2006-Im1), Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2006-He4), Pooling and Servicing Agreement (Prime Mortgage Trust 2006-Cl1)

Distribution Account. (a) The Securities Administrator shall establish and maintain in the name of the Trusteemaintain, for the benefit of the CertificateholdersCertificateholders and the Certificate Insurer, the Distribution Account as a segregated trust account or accounts.. The Master Servicer shall deposit in the Distribution Account as identified by the Master Servicer and as received by the Master Servicer, the following amounts:

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (Deutsche Alt-B Securities Mortgage Loan Trust, Series 2006-Ab1), Pooling and Servicing Agreement (Deutsche Alt-B Securities Mortgage Loan Trust, Series 2006-Ab3), Pooling and Servicing Agreement (Deutsche Alt-B Securities, Inc. Mortgage Loan Trust, Series 2006-Ab2)

Distribution Account. (a) The Securities Administrator shall establish and maintain in the name of the Trustee, for the benefit of the Certificateholders, the Certificateholders a Distribution Account as a segregated non-interest bearing trust account or accounts.. The Securities Administrator will deposit in the Distribution Account as identified by the Securities Administrator and as received by the Securities Administrator, the following amounts:

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Nomura Asset Acceptance Corporation, Alternative Loan Trust, Series 2006-Ar3), Pooling and Servicing Agreement (Nomura Asset Acceptance Corporation, Alternative Loan Trust, Series 2006-Ar4), Pooling and Servicing Agreement (Nomura Home Equity Loan, Inc., Home Equity Loan Trust, Series 2006-Af1)

Distribution Account. (a) The Securities Administrator shall establish and maintain in the name of the Trustee, for the benefit of the CertificateholdersCertificateholders and the Certificate Insurers, the Distribution Account as a segregated trust account or accounts.

Appears in 3 contracts

Samples: Distribution Instructions (Bear Stearns Asset Backed Securities I Trust 2005-Ac5), Distribution Instructions (Bear Stearns Asset Backed Securities I Trust 2005-Ac6), Distribution Instructions (Bear Stearns Asset Backed Securities I Trust 2005-Ac5)

Distribution Account. (a) The Securities Administrator shall establish and maintain in the name of the Trustee, for the benefit of the CertificateholdersCertificateholders and the Insurer, the Distribution Account as a segregated trust account or accounts.. The Distribution Account shall be an Eligible Account. The Master Servicer or Servicer, as the case may be, will remit to the Securities Administrator for deposit in the Distribution Account the following amounts:

Appears in 2 contracts

Samples: Warranties and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2006-Ac1), Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2006-Ac1)

Distribution Account. (a) The Securities Administrator shall establish and maintain in the name of the Trustee, for the benefit of the Certificateholders, the Certificateholders a Distribution Account as a segregated non-interest bearing trust account or accounts.. The Securities Administrator will deposit in the Distribution Account as identified by the Securities Administrator and as received by the Securities Administrator, the following amounts:

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Nomura Asset Acceptance Corporation, Alternative Loan Trust, Series 2006-Wf1), Pooling and Servicing Agreement (Nomura Asset Acceptance Corporation, Alternative Loan Trust, Series 2006-Wf1)

Distribution Account. (a) The Securities Administrator shall establish and maintain in the name of the Securities Administrator, on behalf of the Trustee, for the benefit of the CertificateholdersCertificateholders and the Class I-A Insurer, the Distribution Account as a segregated trust account or accounts.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (SACO I Trust 2005-10)

Distribution Account. (a) The Securities Administrator shall establish and maintain in the name of the Trustee, for the benefit of the Certificateholders, the Certificateholders a Distribution Account as a segregated non-interest bearing trust account or accounts.. The Distribution Account will be subdivided into two sub-accounts for the benefit of the Holders of the Group I Certificates and the Holders of the Group II Certificates. The Securities Administrator will deposit in the related sub-account of the Distribution Account as identified by the Securities Administrator and as received by the Securities Administrator, the following amounts:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Nomura Home Equity Loan, Inc., Home Equity Loan Trust, Series 2007-1)

Distribution Account. (a) The Securities Administrator shall establish and maintain in the name of the Trustee, for the benefit of the Trust and the Certificateholders, the Distribution Account as a one or more segregated trust account or accounts, each of which shall be a non-interest bearing Eligible Account (such account or accounts, the “Distribution Account”).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Thornburg Mortgage Securities Trust 2005-2)

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Distribution Account. (a) The Securities Administrator shall establish and maintain in the name on behalf of the Trustee, for the benefit of the CertificateholdersCertificateholders and the Credit Enhancer, the Distribution Account as a segregated trust account or accounts.. The Distribution Account shall be an Eligible Account. The Master Servicer or Servicer, as the case may be, will remit to the Securities Administrator for deposit in the Distribution Account, the following amounts:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Home Mortgage Assets Trust 2007-3)

Distribution Account. (a) The Securities Administrator shall establish and maintain in the name on behalf of the Trustee, for the benefit of the CertificateholdersCertificateholders and the Certificate Insurer, the Distribution Account as a segregated trust account or accounts.. The Distribution Account shall be an Eligible Account. The Master Servicer or Servicer, as the case may be, will remit to the Securities Administrator for deposit in the Distribution Account, the following amounts:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Home Mortgage Assets Trust 2007-4)

Distribution Account. (a) The Securities Administrator shall establish and maintain in the name of the Trustee, for the benefit of the CertificateholdersCertificateholders and the Class A-5 Insurer, the Distribution Account as a segregated trust account or accounts.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2005-Ac9)

Distribution Account. (ac) The Securities Administrator shall establish and maintain in the name of the Trustee, for the benefit of the Certificateholders, the Distribution Account as a segregated non-interest bearing trust account or accounts.. The Securities Administrator will deposit in the Distribution Account as identified by the Securities Administrator and as received by the Securities Administrator, the following amounts:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Nomura Asset Acceptance Corp. Alternate Loan Trust, Series 2005-Ap3)

Distribution Account. (a) The Securities Administrator shall establish and maintain in the name of the Trustee, for the benefit of the Certificateholders, the Distribution Account as a segregated trust account or accounts.. The Distribution Account shall be an Eligible Account. The Master Servicer or Servicer, as the case may be, will remit to the Securities Administrator for deposit in the Distribution Account the following amounts with respect to the related Due Period and Prepayment Period:

Appears in 1 contract

Samples: Custodial Agreement (Suntrust Alternative Loan Trust, Series 2006-if Mortgage Pass-Through Certificates, Series 2006-1f)

Distribution Account. (a) The Securities Administrator shall establish and maintain a segregated non-interest bearing trust account in the name of the Trustee, Trustee for the benefit of the Certificateholders, Certificateholders and the Certificate Insurer (the “Distribution Account”). The Securities Administrator will deposit in the Distribution Account as a segregated trust account or accounts.identified by the Securities Administrator and as received by the Securities Administrator, the following amounts:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Nomura Asset Acceptance Corporation, Alternative Loan Trust, Series 2007-3)

Distribution Account. (a) The Securities Administrator shall establish and maintain a segregated non-interest bearing trust account in the name of the Trustee, Trustee for the benefit of the Certificateholders, Certificateholders (the “Distribution Account”). The Securities Administrator will deposit in the Distribution Account as a segregated trust account or accounts.identified by the Securities Administrator and as received by the Securities Administrator, the following amounts:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Nomura Asset Acceptance Corporation, Alternative Loan Trust, Series 2007-2)

Distribution Account. (a) The Securities Administrator shall establish and maintain in the name of the Trustee, for the benefit of the Certificateholders, the Certificateholders a Distribution Account as a segregated non-interest bearing trust account or accounts.. The Distribution Account will be subdivided into two sub-accounts for the benefit of the Holders of the Group I Certificates and the Holders of the Group II-V Certificates. The Securities Administrator will deposit in the related sub-account of the Distribution Account as identified by the Securities Administrator and as received by the Securities Administrator, the following amounts:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Nomura Asset Acceptance Corporation, Alternative Loan Trust, Series 2006-Af1)

Distribution Account. (a) The Securities Administrator shall establish and maintain in the name of the Securities Administrator, on behalf of the Trustee, for the benefit of the CertificateholdersCertificateholders and the Insurer, the Distribution Account as a segregated trust account or accounts.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (SACO I Trust 2006-2)

Distribution Account. (a) The Securities Administrator shall establish and maintain in the name of the Trustee, for the benefit Distribution Account on behalf of the Certificateholders, with an Eligible Institution. The Securities Administrator shall, promptly upon receipt on the Business Day received, deposit in the Distribution Account as a segregated trust account or accounts.and retain therein the following:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (BCAP LLC Trust 2008-Ind2)

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