Establishment of Certificate Account; Deposits in Certificate Account. (a) The Trustee, for the benefit of the Certificateholders, shall establish and maintain one or more accounts (collectively, the "Certificate Account"), each of which shall be an Eligible Account, entitled "[Name of Trustee], in trust for the registered holders of Residential Asset Securities Corporation, Mortgage Asset-Backed Pass-Through Certificates, Series [200 - ]", held in trust by the Trustee for the benefit of the Certificateholders. The Trustee shall cause the following payments and collections in respect of the Underlying Agency Securities to be deposited directly into the Certificate Account:
Establishment of Certificate Account; Deposits in Certificate Account. The Owner Trustee, for the benefit of the Certificateholders, shall establish and maintain one or more non-interest bearing trust accounts (collectively, the "Certificate Account"), entitled "______________________, in trust for the registered holders of CRIIMI MAE Commercial Mortgage Trust [I] Owner Trust Certificates" and held in trust by the Owner Trustee for the benefit of the Certificateholders. The Owner Trustee shall cause the following payments and collections to be deposited directly into the Certificate Account: (1) all distributions to the Trust as issuer of the Bonds received from the Indenture Trustee from time to time pursuant to Section [14] of the Terms Indenture; (2) any payments (if any) received on the Mortgage Loans from time to time after the Cutoff Date and remitted by the Master Servicer or the Special Servicer to the Owner Trustee on behalf of the Trust pursuant to Section ___ of the Servicing and Administration Agreement; and (3) any other amounts specifically required to be deposited in the Certificate Account hereunder. The foregoing requirements for deposit in the Certificate Account shall be exclusive.
Establishment of Certificate Account; Deposits in Certificate Account. (a) The Trustee, for the benefit of the Certificateholders, shall establish and maintain one or more accounts (collectively, the "Certificate Account"), each of which shall be an Eligible Account, entitled "___________________, in trust for the registered holders of Union Planters Home Equity Corp. Mortgage Pass-Through Certificates, Series 20_-_," held in trust by the Trustee for the benefit of the Certificateholders. The Trustee shall cause the following payments and collections in respect of the Underlying Certificates to be deposited directly into the Certificate Account on a daily basis:
Establishment of Certificate Account; Deposits in Certificate Account. The Trustee shall establish and maintain a Certificate Account (the "Certificate Account") which shall be an Eligible Account, titled "Norwest Bank Minnesota, National Association, as trustee for the benefit of the holders of Sequoia Mortgage Trust 4 Mortgage Loan Asset Backed Pass-Through Certificates," into which the Trustee shall deposit or cause to be deposited on the day of receipt any payments and collections remitted by the Master Servicer or received by it in respect of Mortgage Loans subsequent to the Cut-off Date (other than in respect of principal and interest due on the Mortgage Loans on or before the Cut-off Date) under the Master Servicing Agreement. Such Certificate Account shall be established with the Trustee or a commercial bank, a mutual savings bank, or a savings and loan association. Funds in the Certificate Account may be invested in Eligible Investments (selected by and at the direction of the Mortgage Loan Seller) which shall mature not later than the earlier of the day on which the funds in the Certificate Account are required to be transferred by the Trustee for deposit into the Distribution Account (except that if such Eligible Investment is an obligation of the Trustee and the Certificate Account is maintained with the Trustee, then such Eligible Investment shall mature not later than such Distribution Date), and any such Eligible Investment shall not be sold or disposed of prior to its maturity. In the absence of direction by the Mortgage Loan Seller, all funds in the Certificate Account shall remain uninvested. All such Eligible Investments shall be made in the name of the Trustee (in its capacity as such) or its nominee. All income and gain realized from any such investment shall be for the benefit of the Mortgage Loan Seller and shall be subject to its withdrawal or order from time to time and shall not be part of the Trust Fund. The amount of any losses incurred in respect of any such investments shall be deposited in such Certificate Account by the Mortgage Loan Seller out of its own funds, without any right of reimbursement therefor, immediately as realized. All income from Eligible Investments held in the Certificate Account shall be paid to the Mortgage Loan Seller as compensation for the following services to be performed by the Mortgage Loan Seller under this Agreement, including but not limited to:
Establishment of Certificate Account; Deposits in Certificate Account with respect to the Mortgage Loan, the Trustee shall cause to be segregated and held all funds collected and received pursuant to the Mortgage Loan separate and apart from any of its own funds and general assets and shall cause to be established and maintained a Certificate Account in the form of a trust account titled "Mortgage Pass-Through Certificates (Borders Books, Utica, Michigan) Series 1993, Certificate Account" in trust for the benefit of the Certificateholders. The Trustee shall cause to be deposited in the Certificate Account on a daily basis, and retained therein:
Establishment of Certificate Account; Deposits in Certificate Account. The Owner Trustee, for the benefit of the Certificateholders, shall establish and maintain one or more non-interest bearing trust accounts (collectively, the "Certificate Account"), entitled "Wilmington Trust Company, in trust for the registered holders of CRIIMI MAE Trust I Owner Trust Certificates" and held in trust by the Owner Trustee for the benefit of the Certificateholders. The Owner Trustee shall cause the following payments and collections to be deposited directly into the Certificate Account: (1) all distributions to the Trust as issuer of the Bonds received from the Indenture Trustee from time to time pursuant to Section 2.10 of the Indenture; (2) any payments (if any) received on the Pledged Certificates from time to time after the commencement of the initial Collection Period pursuant to the respective Pledged Certificate Agreements; and (3) any other amounts specifically required to be deposited in the Certificate Account hereunder. The foregoing requirements for deposit in the Certificate Account shall be exclusive.
Establishment of Certificate Account; Deposits in Certificate Account. (a) The Trustee, for the benefit of the Certificateholders, shall establish and maintain one or more accounts (collectively, the "Certificate Account"), each of which shall be an Eligible Account, entitled "The First National Bank of Chicago, in trust for the registered holders of DLJ Mortgage Acceptance Corp. Class A-1 Principal Only Certificates, Series 1999-A" held in trust by the Trustee for the benefit of the Certificateholders. The Trustee shall cause the following payments and collections in respect of the Underlying Certificates to be deposited directly into the Certificate Account:
Establishment of Certificate Account; Deposits in Certificate Account. With respect to the Mortgage Loan, the Trustee shall cause to be segregated and held all funds collected and received pursuant to the Mortgage Loan separate and apart from any of its own funds and general assets and shall cause to be established and maintained a Certificate Account for the benefit of the Certificateholders, in the form of a trust account titled "Mortgage Pass-Through Certificates, (Kmart Corporation Power Center - Utica, Michigan Project) Series 1992 in trust for the benefit of the Certificateholders." The Trustee
Establishment of Certificate Account; Deposits in Certificate Account. With respect to each Sub-Pool, and no later than the Closing Date, the Trustee will establish and maintain with itself one or more segregated trust accounts that are Eligible Accounts, which shall be titled, with respect to Sub-Pool 1, "Sub-Pool 1 Certificate Account, LaSalle National Bank, as trustee for the registered holders of AFC Mortgage Loan Asset Backed Certificates, Series 1997-3"
Establishment of Certificate Account; Deposits in Certificate Account. The Owner Trustee, for the benefit of the Certificateholders, shall establish and maintain one or more non-interest bearing trust accounts (collectively, the "Certificate Account"), entitled "Wilmington Trust Company, in trust for the registered holders of the Impac CMB Trust 1998-C1 Commercial Mortgage Loan Certificates of Beneficial Ownership" and held in trust by the Owner Trustee for the benefit of the Certificateholders. The Owner Trustee shall cause the following payments and collections to be deposited directly into the Certificate Account: (1) all payments received by the Owner Trust as issuer of the Bonds from the Indenture Trustee from time to time pursuant to Section 2.10 of the Indenture and (2) any other amounts specifically required to be deposited in the Certificate Account by this Agreement. The foregoing requirements for deposit in the Certificate Account shall be exclusive; provided, however, that any amounts received by the Owner Trustee in error shall be immediately deposited into the Collection Account (as defined in the Servicing Agreement).
