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.
Appears in 3 contracts
Samples: Trust Agreement (Sasco 2006-Bc3), Trust Agreement (Sasco 2006-Bc4), Trust Agreement (Structured Asset Securities CORP Mortgage Loan Trust 2006-Bc5)
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 AdministratorTrustee, 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 Trustee held pursuant to this Agreement.
Appears in 2 contracts
Samples: Trust Agreement (Structured Asset Securities CORP Mortgage Loan Trust 2007-Bc3), Trust Agreement (Structured Asset Securities CORP Mortgage Loan Trust 2007-Bc2)
