Common use of Establishment of Note Payment Account Clause in Contracts

Establishment of Note Payment Account. No later than the Closing Date, the Indenture Trustee, for the benefit of the Noteholders and the Securities Insurer, shall cause to be established and maintained with the Indenture Trustee one or more Note Payment Accounts (collectively, the "Note Payment Account"), which shall be separate Eligible Accounts and may be interest-bearing, and which shall be entitled "Note Payment Account of ________________, as Indenture Trustee, in trust for the _______ Home Loan Asset Backed Notes, Series 200_-_". Funds in the Note Payment Account shall be invested in accordance with Section 5.03 hereof.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Bcap LLC), Sale and Servicing Agreement (Securitized Asset Backed Receivables LLC), Sale and Servicing Agreement (Bcap LLC)

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Establishment of Note Payment Account. No later than the Closing Date, the Indenture Trustee, for the benefit of the Noteholders [and the Securities Insurer], shall cause to be established and maintained with the Indenture Trustee one or more Note Payment Accounts (collectively, the "Note Payment Account"), which shall be separate Eligible Accounts and may be interest-bearing, and which shall be entitled "Note Payment Account of ________________, as Indenture Trustee, in trust for the _______ Home Mortgage Loan Asset Backed Notes, Series 200_-_". Funds in the Note Payment Account shall be invested in accordance with Section 5.03 hereof.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Hsi Asset Securitization Corp)

Establishment of Note Payment Account. No later than the Closing Date, the Indenture Trustee, for the benefit of the Noteholders and the Securities Insurer, shall cause to be established and maintained with the Indenture Trustee one or more Note Payment Accounts (collectively, the "Note Payment Account"), which shall be separate Eligible Accounts and may be interest-bearing, and which shall be entitled "Note Payment Account of ________________First Union National Bank, as Indenture Trustee, in trust for the _______ Fremont Home Loan Asset Backed Notes, Series 200_-_1999-2". Funds in the Note Payment Account shall be invested in accordance with Section 5.03 hereof.

Appears in 1 contract

Samples: Sale and Master Servicing Agreement (Painewebber Mort Acce Corp Iv Fremont Home Ln Own Tr 1999-2)

Establishment of Note Payment Account. No later than the Closing Date, the Indenture Trustee, for the benefit of the Noteholders and the Securities Insurer, shall cause to be established and maintained with the Indenture Trustee one or more Note Payment Accounts (collectively, the "Note Payment Account"), which shall be separate Eligible Accounts and may be interest-bearing, and which shall be entitled "Note Payment Account of ________________, as Indenture Trustee, in trust for the _______ Home Loan Asset Backed Notes, Series 200_-199_-_". Funds in the Note Payment Account shall be invested in accordance with Section 5.03 hereof.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Painewebber Mortgage Acceptance Corporation Iv)

Establishment of Note Payment Account. No later than As of the Closing Date, the Indenture Trustee, for the benefit of the Noteholders and the Securities Insurer, Trustee shall cause to be established and maintained with in the name of the Securities Intermediary a Note Payment Account which shall be pledged to the Indenture Trustee one or more Note Payment Accounts (collectively, for the "Note Payment Account")benefit of Securityholders, which shall be a separate Eligible Accounts Account and which may be interest-bearing, and which shall be entitled "Note Payment Account of ________________Account, U.S. Bank National Association, as Indenture Trustee, in trust for the _______ "United National Home Loan Owner Trust 1999-1 Asset Backed Notes, Series 200_-_". 1999-1." Funds in the Note Payment Account shall be invested in accordance with Section 5.03 hereof5.06.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Bear Stearns Asset Backed Securities Inc)

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Establishment of Note Payment Account. No later than the Closing Date, the Indenture Trustee, for the benefit of the Noteholders [and the Securities Insurer], shall cause to be established and maintained with the Indenture Trustee one or more Note Payment Accounts (collectively, the "Note Payment Account"), which shall be separate Eligible Accounts and may be interest-bearing, and which shall be entitled "Note Payment Account of ________________, as Indenture Trustee, in trust for the _______ Home Loan Asset Backed Notes, Series 200_-_". Funds in the Note Payment Account shall be invested in accordance with Section 5.03 hereof.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Hsi Asset Securitization Corp)

Establishment of Note Payment Account. No later than the Closing Date, the Indenture Trustee, for the benefit of the Noteholders and the Securities Insurer, shall cause to be established and maintained with the Indenture Trustee one or more Note Payment Accounts (collectively, the "Note Payment Account"), which shall be separate Eligible Accounts and may be interest-bearing, and which shall be entitled "Note Payment Account of ________________, as Indenture Trustee, in trust for the _______ Home Loan Asset Backed Notes, Series 200_-_"20 - ”. Funds in the Note Payment Account shall be invested in accordance with Section 5.03 hereof.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Bcap LLC)

Establishment of Note Payment Account. No later than the Closing Date, the Indenture Trustee, for the benefit of the Noteholders and the Securities Insurer, shall cause to be established and maintained with the Indenture Trustee one or more Note Payment Accounts (collectively, the "Note Payment Account"), which shall be separate Eligible Accounts and may be interest-bearing, and which shall be entitled "Note Payment Account of ________________First Union National Bank, as Indenture Trustee, in trust for the _______ Fremont Home Loan Asset Backed Notes, Series 200_-_1999-1". Funds in the Note Payment Account shall be invested in accordance with Section 5.03 hereof.

Appears in 1 contract

Samples: Sale and Master Servicing Agreement (Painewebber Mort Acce Corp Iv Fremont Home Ln Own Tr 1999-1)

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