Common use of Grantor Trust Certificate Account Clause in Contracts

Grantor Trust Certificate Account. (a) The Grantor Trustee shall establish and maintain a Grantor Trust Certificate Account titled "JPMorgan Chase Bank, as Grantor Trustee, for the benefit of the Grantor Trust Certificateholder, pursuant to the Grantor Trust Agreement, dated January 3, 2003, between Residential Funding Mortgage Securities II, Inc. and JPMorgan Chase Bank". The Grantor Trust Certificate Account shall be an Eligible Account. Pursuant to Section 3.03(i) of the Servicing Agreement, the Master Servicer shall cause to be deposited in the Grantor Trust Certificate Account on behalf of the Grantor Trustee on the Business Day prior to each Payment Date by wire transfer of immediately available funds an amount equal to the sum of the Interest Collections and Principal Collections for the immediately succeeding Payment Date.

Appears in 1 contract

Samples: Grantor Trust Agreement (Residential Funding Mortgage Securities Ii Inc)

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Grantor Trust Certificate Account. (a) The Grantor Trustee shall establish and maintain a Grantor Trust Certificate Account titled "JPMorgan Chase Bank, as Grantor Trustee, for the benefit of the Grantor Trust Certificateholder, pursuant to the Grantor Trust Agreement, dated January 3March 28, 2003, between Residential Funding Mortgage Securities II, Inc. and JPMorgan Chase Bank". The Grantor Trust Certificate Account shall be an Eligible Account. Pursuant to Section 3.03(i) of the Servicing Agreement, the Master Servicer shall cause to be deposited in the Grantor Trust Certificate Account on behalf of the Grantor Trustee on the Business Day prior to each Payment Date by wire transfer of immediately available funds an amount equal to the sum of the Interest Collections and Principal Collections for the immediately succeeding Payment Date.

Appears in 1 contract

Samples: Grantor Trust Agreement (Residential Funding Mortgage Securities Ii Inc)

Grantor Trust Certificate Account. (a) The Grantor Trustee shall establish and maintain a Grantor Trust Certificate Account titled "JPMorgan Chase Bank, as Grantor Trustee, for the benefit of the Grantor Trust Certificateholder, pursuant to the Grantor Trust Agreement, dated January 3September 26, 20032002, between Residential Funding Mortgage Securities II, Inc. and JPMorgan Chase Bank". The Grantor Trust Certificate Account shall be an Eligible Account. Pursuant to Section 3.03(i3.03 (i) of the Servicing Agreement, the Master Servicer shall cause to be deposited in the Grantor Trust Certificate Account on behalf of the Grantor Trustee on the Business Day prior to each Payment Date by wire transfer of immediately available funds an amount equal to the sum of the Interest Collections and Principal Collections for the immediately succeeding Payment Date.

Appears in 1 contract

Samples: Grantor Trust Agreement (Residential Funding Mortgage Securities Ii Inc)

Grantor Trust Certificate Account. (a) The Grantor Trustee shall establish and maintain a Grantor Trust Certificate Account titled "JPMorgan Chase Bank, as Grantor Trustee, for the benefit of the Grantor Trust Certificateholder, pursuant to the Grantor Trust Agreement, dated January 3December 23, 2003, between Residential Funding Mortgage Securities II, Inc. and JPMorgan Chase Bank". The Grantor Trust Certificate Account shall be an Eligible Account. Pursuant to Section 3.03(i) of the Servicing Agreement, the Master Servicer shall cause to be deposited in the Grantor Trust Certificate Account on behalf of the Grantor Trustee on the Business Day prior to each Payment Date by wire transfer of immediately available funds an amount equal to the sum of the Interest Collections and Principal Collections for the immediately succeeding Payment Date.

Appears in 1 contract

Samples: Grantor Trust Agreement (Residential Funding Mortgage Securities Ii Inc)

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Grantor Trust Certificate Account. (a) The Grantor Trustee shall establish and maintain a Grantor Trust Certificate Account titled "JPMorgan Chase Bank, as Grantor Trustee, for the benefit of the Grantor Trust Certificateholder, pursuant to the Grantor Trust Agreement, dated January 3June 27, 2003, between Residential Funding Mortgage Securities II, Inc. and JPMorgan Chase Bank". The Grantor Trust Certificate Account shall be an Eligible Account. Pursuant to Section 3.03(i) of the Servicing Agreement, the Master Servicer shall cause to be deposited in the Grantor Trust Certificate Account on behalf of the Grantor Trustee on the Business Day prior to each Payment Date by wire transfer of immediately available funds an amount equal to the sum of the Interest Collections and Principal Collections for the immediately succeeding Payment Date.

Appears in 1 contract

Samples: Grantor Trust Agreement (Residential Funding Mortgage Securities Ii Inc)

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