Final Maturity Reserve Trust. (a) On the Closing Date, there is hereby established a separate common law trust (the “Final Maturity Reserve Trust”) into which the Depositor shall deposit $1,000. The Final Maturity Reserve Trust shall be maintained by the Final Maturity Reserve Trust Trustee, who, initially, shall be the Trustee. On the Closing Date, the Final Maturity Reserve Trust Trustee shall establish and maintain in its name, a separate non-interest bearing account for the benefit of the Holders of the Class A Certificates, the Mezzanine Certificates and the Class C Certificates (the “Final Maturity Reserve Account”), into which the Depositor shall initially deposit $1,000. The Final Maturity Reserve 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 Trustee or of the Final Maturity Reserve Trust Trustee held pursuant to this Agreement.
Final Maturity Reserve Trust. (a) A separate trust is hereby established (the “Final Maturity Reserve Trust”), the corpus of which shall be held, in trust, for the Certificateholders. The Securities Administrator, on behalf of the Final Maturity Reserve Trust, shall establish an account (the “Final Maturity Reserve Account”), into which LBH shall initially deposit $1,000. The Final Maturity Reserve 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 monies, including, without limitation, other monies of the Securities Administrator held pursuant to this Agreement.
Final Maturity Reserve Trust. (a) A separate trust is hereby established (the “Final Maturity Reserve Trust”), the corpus of which shall be held by the Trustee, in trust, for the benefit of the holders of the Offered Certificates. The Trustee, as trustee of the Final Maturity Reserve Trust, shall establish an account (the “Final Maturity Reserve Account”), into which LBH shall initially deposit $1,000. The Final Maturity Reserve 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 Trustee held pursuant to this Agreement.
Final Maturity Reserve Trust. (a) A separate trust is hereby established (the "Final Maturity Reserve Trust" for the benefit of the Class II Certificates. The Final Maturity Reserve Trust shall be maintained by the Securities Administrator, which is hereby appointed Final Maturity Reserve Trustee and hereby accepts such appointment. On or before the Distribution Date in January 2017, the Final Maturity Reserve Trust shall establish and maintain a time, demand or deposit account ("Final Maturity Reserve Account") to be held in the Final Maturity Reserve Trust and which shall be designated "Xxxxx Fargo Bank, N.A., as Final Maturity Reserve Trustee, in Trust for Luminent Mortgage Trust 2007-1
Final Maturity Reserve Trust. Section 4.11 Intention of the Parties and Interpretation.
Final Maturity Reserve Trust. (a) On the Closing Date, the Securities Administrator shall establish a separate common law trust under the laws of the State Delaware for the benefit of the Holders of the Group I Offered Certificates (the “Final Maturity Reserve Trust”) into which the Depositor shall deposit $1,000. The Final Maturity Reserve Trust shall be maintained by the Securities Administrator. On the Closing Date, the Securities Administrator shall establish and maintain in its name, a separate non-interest bearing account (the “Final Maturity Reserve Account”), into which the Depositor shall initially deposit $1,000. The Final Maturity Reserve 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 Securities Administrator held pursuant to this Agreement. The Final Maturity Reserve Account shall be entitled “Final Maturity Reserve Account, Xxxxx Fargo Bank N.A. for the benefit of the holders of Nomura Home Equity Loan, Inc., Asset-Backed Certificates, Series 2007-1, Class I-A-1, Class I-A-2, Class I-A-3, Class I-A-4, Class I-M-1, Class I-M-2 and Class I-M-3 Certificates”. The funds in the Final Maturity Reserve Account shall remain uninvested.
Final Maturity Reserve Trust. (a) A separate trust is hereby established (the “Final Maturity Reserve Trust”), the corpus of which shall be held by the Securities Administrator, in trust, for the Certificateholders. The Securities Administrator is hereby appointed trustee of the Final Maturity Reserve Trust. The trustee of the Final Maturity Reserve Trust, shall establish an account (the “Final Maturity Reserve Fund”), into which the Depostor shall initially deposit $1,000. The Final Maturity Reserve Fund 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 monies, including, without limitation, other monies of the Securities Administator held pursuant to this Agreement.
Final Maturity Reserve Trust. (a) On the Closing Date, there is hereby established a separate trust (the “Final Maturity Reserve Trust”) into which the Depositor shall deposit $1,000. The Final Maturity Reserve Trust shall be maintained by the Final Maturity Reserve Trust Trustee, who, initially, shall be the Trustee. On the Closing Date, the Final Maturity Reserve Trust Trustee shall establish and maintain in its name, a separate non-interest bearing account for the benefit of the Holders of the Class A Certificates, the Mezzanine Certificates, the Class B Certificates and the Class C Certificates (the “Final Maturity Reserve Account”), into which the Depositor shall initially deposit $1,000. The Final Maturity Reserve 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 Trustee or of the Final Maturity Reserve Trust Trustee held pursuant to this Agreement.
Final Maturity Reserve Trust. The corpus of a trust created pursuant to Section 5.10 of this Agreement and designated as the “Final Maturity Reserve Trust” consisting of the Final Maturity Reserve Account, but which is not an asset of any REMIC.
Final Maturity Reserve Trust. (a) A separate trust is hereby established (the “Final Maturity Reserve Trust”), the corpus of which shall be held by the Trustee, in trust, for the benefit of the holders of the Offered Certificates and the Class B2 Certificates. The Trustee, as trustee of the Final Maturity Reserve Trust, shall establish an account (the “Final Maturity Reserve Account”), into which [__________] shall initially deposit $[_______]. The Final Maturity Reserve 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 Trustee held pursuant to this Agreement.
