Expense Account. (a) On behalf of the Trust Fund, the Trust Administrator, as agent for the Trustee, shall establish and maintain in its name, for the benefit of the Trustee, the Certificateholders and the Certificate Insurer, the Expense Account. The Expense Account shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Trust Administrator held pursuant to this Agreement.
Appears in 11 contracts
Samples: Pooling and Servicing Agreement (Long Beach Securities Corp), Pooling and Servicing Agreement (Argent Securities Inc), Pooling and Servicing Agreement (Park Place Securities, Inc.)
Expense Account. (a) On behalf of the The Trust Fund, the Trust Administrator, as agent for the Trustee, Administrator shall establish and maintain in its name, for the benefit of the Trustee, Trustee in trust for (1) the Certificateholders and (2) the Certificate Insurer, the Expense Account. The Expense Account shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Trust Administrator held pursuant to this Agreement.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Prudential Securities Secured Financing Corp)
Expense Account. (a) On behalf of the The Trust Fund, the Trust Administrator, as agent for the Trustee, Administrator shall establish and maintain in its name, for the benefit of the Trustee, Trustee in trust for the Certificateholders and the Certificate InsurerCertificateholders, the Expense Account. The Expense Account shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Trust Administrator held pursuant to this Agreement.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Salomon Brothers Mor Sec Vii Inc Mor Pa THR Ce Se 2001-2)
Expense Account. (a) On behalf of the Trust Fund, the Trust Administrator, as agent for the Trustee, shall establish and maintain in its nametrust, for the benefit of the Trustee, the Certificateholders and the Certificate Insurer, the Expense Account. The Expense Account shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Trust Administrator held pursuant to this Agreement.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Salom BRS MRT Sec Vii Call FLT Rt Mt Ps Th Cer Ser 1998 Nc5)
