Common use of Establishment of and Deposits in Certificate Accounts Clause in Contracts

Establishment of and Deposits in Certificate Accounts. On or before the Closing Date, the Trustee shall have established, and thereafter shall maintain, with respect to each Group of Contracts, a Certificate Account which is an Eligible Account, in the form of one or more separate custodial accounts, titled (i) in the case of the Group I Contracts, "Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, 1998C (Vanderbilt Mortgage and Finance, Inc., Seller), Group I, in trust for the Trustee" and (ii) in the case of the Group II Contracts, "Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, 1998C (Vanderbilt Mortgage and Finance, Inc., Seller), Group II, in trust for the Trustee". The Trustee shall cause moneys in each Certificate Account to be invested in Eligible Investments as directed in writing by the Servicer, which shall mature or, in the case of a money market fund, be redeemed not later than the Business Day immediately preceding the Remittance Date next following the date of such investment (except that if such Eligible Investment is an obligation of the institution that maintains such Certificate Account, then such Eligible Investments shall mature or, in the case of a money market fund, be redeemed not later than such Remittance Date) and shall not be sold or disposed of prior to its maturity. All such Eligible Investments shall be made in the name of the Trustee. The Servicer shall promptly notify the Trustee upon obtaining knowledge that an instrument or account in which a Certificate Account is invested has ceased to be an Eligible Investment or Eligible Account. All net income and gain realized from any such investments, to the extent provided by this Agreement, shall be added to the related Certificate Account. The Servicer shall deposit in the applicable Certificate Account, as promptly as practicable (but not later than the close of business of the second Business Day) following receipt thereof:

Establishment of and Deposits in Certificate Accounts. On or before the Closing Date, the Trustee shall have established, and thereafter shall maintain, with respect to each Group of Contracts, a Certificate Account which is an Eligible Account, in the form of one or more separate custodial accounts, titled (i) in the case of the Group I Contracts, "Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, 1998C 1998A (Vanderbilt Mortgage and Finance, Inc., Seller), Group I, in trust for the Trustee" and (ii) in the case of the Group II Contracts, "Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, 1998C 1998A (Vanderbilt Mortgage and Finance, Inc., Seller), Group II, in trust for the Trustee". The Trustee shall cause moneys in each Certificate Account to be invested in Eligible Investments as directed in writing by the Servicer, which shall mature or, in the case of a money market fund, be redeemed not later than the Business Day immediately preceding the Remittance Date next following the date of such investment (except that if such Eligible Investment is an obligation of the institution that maintains such Certificate Account, then such Eligible Investments shall mature or, in the case of a money market fund, be redeemed not later than such Remittance Date) and shall not be sold or disposed of prior to its maturity. All such Eligible Investments shall be made in the name of the Trustee. The Servicer shall promptly notify the Trustee upon obtaining knowledge that an instrument or account in which a Certificate Account is invested has ceased to be an Eligible Investment or Eligible Account. All net income and gain realized from any such investments, to the extent provided by this Agreement, shall be added to the related Certificate Account. The Servicer shall deposit in the applicable Certificate Account, as promptly as practicable (but not later than the close of business of the second Business Day) following receipt thereof:

Establishment of and Deposits in Certificate Accounts. On or before the Closing Date, the Trustee shall have established, and thereafter shall maintain, with respect to each Group of Contracts, a Certificate Account which is an Eligible Account, in the form of one or more separate custodial accounts, titled (i) in the case of the Group I Contracts, "Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, 1998C 1998B (Vanderbilt Mortgage and Finance, Inc., Seller), Group I, in trust for the Trustee" and (ii) in the case of the Group II Contracts, "Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, 1998C 1998B (Vanderbilt Mortgage and Finance, Inc., Seller), Group II, in trust for the Trustee". The Trustee shall cause moneys in each Certificate Account to be invested in Eligible Investments as directed in writing by the Servicer, which shall mature or, in the case of a money market fund, be redeemed not later than the Business Day immediately preceding the Remittance Date next following the date of such investment (except that if such Eligible Investment is an obligation of the institution that maintains such Certificate Account, then such Eligible Investments shall mature or, in the case of a money market fund, be redeemed not later than such Remittance Date) and shall not be sold or disposed of prior to its maturity. All such Eligible Investments shall be made in the name of the Trustee. The Servicer shall promptly notify the Trustee upon obtaining knowledge that an instrument or account in which a Certificate Account is invested has ceased to be an Eligible Investment or Eligible Account. All net income and gain realized from any such investments, to the extent provided by this Agreement, shall be added to the related Certificate Account. The Servicer shall deposit in the applicable Certificate Account, as promptly as practicable (but not later than the close of business of the second Business Day) following receipt thereof:

Establishment of and Deposits in Certificate Accounts. On or before the Closing Date, the Trustee shall have established, and thereafter shall maintain, with respect to each Group of Contracts, a Certificate Account which is an Eligible Account, in the form of one or more separate custodial accounts, titled (i) in the case of the Group I Contracts, "Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, 1998C 1999B (Vanderbilt Mortgage and Finance, Inc., Seller), Group I, in trust for the Trustee" and (ii) in the case of the Group II Contracts, "Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, 1998C 1999B (Vanderbilt Mortgage and Finance, Inc., Seller), Group II, in trust for the Trustee". The Trustee shall cause moneys in each Certificate Account to be invested in Eligible Investments as directed in writing by the Servicer, which shall mature or, in the case of a money market fund, be redeemed not later than the Business Day immediately preceding the Remittance Date next following the date of such investment (except that if such Eligible Investment is an obligation of the institution that maintains such Certificate Account, then such Eligible Investments shall mature or, in the case of a money market fund, be redeemed not later than such Remittance Date) and shall not be sold or disposed of prior to its maturity. All such Eligible Investments shall be made in the name of the Trustee. The Servicer shall promptly notify the Trustee upon obtaining knowledge that an instrument or account in which a Certificate Account is invested has ceased to be an Eligible Investment or Eligible Account. All net income and gain realized from any such investments, to the extent provided by this Agreement, shall be added to the related Certificate Account. The Servicer shall deposit in the applicable Certificate Account, as promptly as practicable (but not later than the close of business of the second Business Day) following receipt thereof:

Establishment of and Deposits in Certificate Accounts. On or before the Closing Date, the Trustee shall have established, and thereafter shall maintain, with respect to each Group of Contracts, a Certificate Account which is an Eligible Account, in the form of one or more separate custodial accounts, titled (i) in the case of the Group I Contracts, "Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, 1998C 2000A (Vanderbilt Mortgage and Finance, Inc., Seller), Group I, in trust for the Trustee" and (ii) in the case of the Group II Contracts, "Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, 1998C 2000A (Vanderbilt Mortgage and Finance, Inc., Seller), Group II, in trust for the Trustee". ." The Trustee shall cause moneys in each Certificate Account to be invested in Eligible Investments as directed in writing by the Servicer, which shall mature or, in the case of a money market fund, be redeemed not later than the Business Day immediately preceding the Remittance Date next following the date of such investment (except that if such Eligible Investment is an obligation of the institution that maintains such Certificate Account, then such Eligible Investments shall mature or, in the case of a money market fund, be redeemed not later than such Remittance Date) and shall not be sold or disposed of prior to its maturity. All such Eligible Investments shall be made in the name of the Trustee. The Servicer shall promptly notify the Trustee upon obtaining knowledge that an instrument or account in which a Certificate Account is invested has ceased to be an Eligible Investment or Eligible Account. All net income and gain realized from any such investments, to the extent provided by this Agreement, shall be added to the related Certificate Account. In no event shall the Trustee be liable for any loss from any such investments. The Servicer shall deposit in the applicable Certificate Account, as promptly as practicable (but not later than the close of business of the second Business Day) following receipt thereof:

Establishment of and Deposits in Certificate Accounts. On or before the Closing Date, the Trustee shall have established, and thereafter shall maintain, with respect to each Group of Contracts, a Certificate Account which is an Eligible Account, in the form of one or more separate custodial accounts, titled (i) in the case of the Group I Contracts, "Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, 1998C 1999C (Vanderbilt Mortgage and Finance, Inc., Seller), Group I, in trust for the Trustee" and (ii) in the case of the Group II Contracts, "Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, 1998C 1999C (Vanderbilt Mortgage and Finance, Inc., Seller), Group II, in trust for the Trustee". The Trustee shall cause moneys in each Certificate Account to be invested in Eligible Investments as directed in writing by the Servicer, which shall mature or, in the case of a money market fund, be redeemed not later than the Business Day immediately preceding the Remittance Date next following the date of such investment (except that if such Eligible Investment is an obligation of the institution that maintains such Certificate Account, then such Eligible Investments shall mature or, in the case of a money market fund, be redeemed not later than such Remittance Date) and shall not be sold or disposed of prior to its maturity. All such Eligible Investments shall be made in the name of the Trustee. The Servicer shall promptly notify the Trustee upon obtaining knowledge that an instrument or account in which a Certificate Account is invested has ceased to be an Eligible Investment or Eligible Account. All net income and gain realized from any such investments, to the extent provided by this Agreement, shall be added to the related Certificate Account. The Servicer shall deposit in the applicable Certificate Account, as promptly as practicable (but not later than the close of business of the second Business Day) following receipt thereof: