Establishment of Certificate Account. The Securities Intermediary and the Trustee hereby represent and warrant that:
Establishment of Certificate Account. The Sponsor shall cause to be established, and the Trustee shall maintain, at the corporate trust office of the Trustee, a Certificate Account, a Pre-Funding Account, a Capitalized Interest Account, the Upper-Tier Group I Distribution Account and the Upper Tier Group II Distribution Account each of which is to be held by the Trustee in the name of the Trust for the benefit of the Owners of the Certificates and the Class A-8 and Class A-9 Certificate Insurer, as their interests may appear.
Establishment of Certificate Account. The Sponsor shall establish and maintain, at the Corporate Trust Office, the Certificate Account to be held by the Trustee as a segregated trust account in the name of the Trust so long as the Trustee qualifies as a Designated Depository Institution and if the Trustee does not qualify, then by any Designated Depository Institution for the benefit of the Holders of the Certificates and the Certificate Insurer, as their interests may appear. The Certificate Account and the amounts deposited therein shall not be subject to any claim, lien or encumbrance of any creditor or depositor of the Trustee or the Sponsor (whether made directly or indirectly through a liquidator, receiver or trustee in bankruptcy of the Trustee or the Sponsor).
Establishment of Certificate Account. The Sponsor shall establish and maintain, at the corporate trust office of the Trustee, a Certificate Account to be held by the Trustee as a segregated trust account in the name of the Trust so long as the Trustee qualifies as a Designated Depository Institution and if the Trustee does not qualify, then by any Designated Depository Institution for the benefit of the Owners of the Certificates and the Certificate Insurer, as their interests may appear.
Establishment of Certificate Account. Deposits in ------------------------------------------------- Certificate Account. With respect to all of the Mortgage Loans, the Master ------------------- Servicer shall establish and maintain a Certificate Account (the "Certificate ----------- Account") which is an Eligible Account, titled "Xxxxxxx Xxxxx Credit ------- Corporation, as Master Servicer, in trust for Bankers Trust Company of California, N.A., as Trustee, for the benefit of registered holders of MLCC Mortgage Investors, Inc., Mortgage Loan Asset Backed Pass-Through Certificates, Series 1997-A"; provided, however, that if the Certificate Account is opened under a different name, the Master Servicer shall, within 90 days after the Closing Date, cause the Certificate Account to be re-titled under the aforementioned name; and provided further, that if (x) the long- term unsecured debt of Xxxxxxx Xxxxx & Co., Inc. is rated by Moody's, and is at any time rated by Moody's below A3 or (y) if such debt is rated by Standard & Poor's, and is at any time rated by Standard & Poor's below A-, the Certificate Account shall thereafter be maintained by the Trustee and such account shall at such time be titled "Bankers Trust Company of California, N.A., as trustee for the benefit of the holders of MLCC Mortgage Investors, Inc., Mortgage Loan Asset Backed Pass-Through Certificates, Series 1997-A". Such Certificate Account shall be established with the Trustee or a commercial bank, a mutual savings bank, or a savings and loan association. The Master Servicer may invest, or cause the institution maintaining the Certificate Account to invest, moneys in the Certificate Account in Eligible Investments, which shall mature not later than the Business Day next preceding the Distribution Date next following the date of such investment and shall not be sold or disposed of prior to its maturity. The proceeds of the sale or other disposition of all Eligible Investments shall be deposited in the Certificate Account. All such Eligible Investments shall be made in the name of the Trustee. All net income and gain realized from any such investment shall be for the benefit of the Master Servicer as additional servicing compensation and shall be subject to its withdrawal or order from time to time. The Master Servicer shall be entitled to retain any net interest paid on funds deposited in the Certificate Account other than the interest on any funds required by applicable law to be paid to a Mortgagor, and, to the extent require...
Establishment of Certificate Account. Deposits in Certificate Account.
Establishment of Certificate Account. The Trustee shall establish and maintain, at a Designated Depository Institution, a Certificate Account to be held by the Trustee in the name of the Trust for the benefit of the Owners of the Certificates.
Establishment of Certificate Account. The Trustee is hereby authorized and instructed to establish the Certificate Account. The Securities Intermediary and the Trustee hereby represent and warrant that:
Establishment of Certificate Account. The Owner Trustee, for the benefit of the Certificateholders, shall establish with the Bank a non-interest bearing trust account (the "Certificate Account"), entitled "IndyMac Trust SPMD [ ] Owner Trust Certificate Account" and held in trust by the Owner Trustee for the benefit of the Certificateholders. The foregoing requirements for the establishment of the Certificate Account shall be exclusive.
Establishment of Certificate Account. SECTION 3.1 Establishment of Certificate Account; Deposits in Certificate Account 15 SECTION 3.2 Permitted Withdrawals From the Certificate Account 15 ARTICLE IV RECEIPT, DISTRIBUTION AND APPLICATION OF INCOME FROM THE TRUST ESTATE
