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:
Appears in 2 contracts
Samples: Trust Agreement (Residential Asset Securities Corp), Trust Agreement (Residential Asset Securities Corp)
Establishment of Certificate Account; Deposits in Certificate Account. (a) The a)The Trustee, for the benefit of the Certificateholders, shall establish and maintain one or more accounts (collectively, the "Certificate AccountCERTIFICATE 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 - 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 Agency Securities to be deposited directly into the Certificate Account:
Appears in 1 contract
Samples: Trust Agreement (Taconic Asset Acceptance Company, L.L.C.)
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 CorporationAccredit Loans, Inc., 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:
Appears in 1 contract
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 CorporationAccredit Loans, Inc., 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:
Appears in 1 contract
