Common use of Interest Coverage Account Clause in Contracts

Interest Coverage Account. (a) No later than the Closing Date, the Trustee shall establish and maintain a segregated trust account or a sub-account of a trust account, which shall be titled “Interest Coverage Account, Deutsche Bank National Trust Company, as trustee for the benefit of holders of Impac Secured Assets Corp., Mortgage Pass-Through Certificates, Series 2007-3” (the “Interest Coverage Account”). The Interest Coverage Account shall be an Eligible Account or a sub-account of an Eligible Account. The Trustee shall, promptly upon receipt, deposit in the Interest Coverage Account and retain therein the Initial Interest Coverage Deposit remitted on the Closing Date to the Trustee by the Depositor and all income and gain realized from investment of funds on deposit in the Pre-Funding Account pursuant to Section 4.14(b). Funds deposited in the Interest Coverage Account shall be held in trust by the Trustee for the Certificateholders and the Certificate Insurer for the uses and purposes set forth herein.

Interest Coverage Account. (a) No later than the Closing Date, the Trustee shall establish and maintain a segregated trust account or a sub-sub account of a trust account, which shall be titled “Interest Coverage Account, Deutsche LaSalle Bank National Trust Company, Association as trustee for the benefit of holders of Impac Secured Assets Corp.Bear Xxxxxxx Asset Backed Securities, Mortgage PassAsset-Through Backed Certificates, Series 20072005-3HE9” (the “Interest Coverage Account”). The Interest Coverage Account shall be an Eligible Account or a sub-sub account of an Eligible Account. The Trustee shall, promptly upon receipt, deposit in the Interest Coverage Account and retain therein the Initial Interest Coverage Deposit for each Loan Group remitted on the Closing Date to the Trustee by the Depositor and all income and gain realized from investment of funds on deposit deposited in the Pre-Funding Account pursuant to Section 4.14(b4.06(b). Funds deposited in the Interest Coverage Account shall be held in trust by the Trustee for the Certificateholders and the Certificate Insurer for the uses and purposes set forth herein.

Interest Coverage Account. (a) No later than the Closing Date, the Trustee shall establish and maintain a segregated trust account or a sub-sub account of a trust account, which shall be titled “Interest Coverage Account, Deutsche LaSalle Bank National Trust Company, Association as trustee for the benefit of holders of Impac Secured Assets Corp.Bear Xxxxxxx Asset Backed Securities, Mortgage PassAsset-Through Backed Certificates, Series 20072005-3HE10” (the “Interest Coverage Account”). The Interest Coverage Account shall be an Eligible Account or a sub-sub account of an Eligible Account. The Trustee shall, promptly upon receipt, deposit in the Interest Coverage Account and retain therein the Initial Interest Coverage Deposit for each Loan Group remitted on the Closing Date to the Trustee by the Depositor and all income and gain realized from investment of funds on deposit deposited in the Pre-Funding Account pursuant to Section 4.14(b4.07(b). Funds deposited in the Interest Coverage Account shall be held in trust by the Trustee for the Certificateholders and the Certificate Insurer for the uses and purposes set forth herein.

Interest Coverage Account. (a) No later than the Closing Date, the Trustee Securities Administrator shall establish and maintain a segregated trust account or a sub-sub account of a trust account, which shall be titled “Interest Coverage Account, Deutsche U.S. Bank National Trust Company, Association as trustee for the benefit of holders of Impac Secured Assets Corp.Bear Xxxxxxx Asset Backed Securities, Mortgage PassAsset-Through Backed Certificates, Series 20072005-3AC7” (the “Interest Coverage Account”). The Interest Coverage Account shall be an Eligible Account or a sub-sub account of an Eligible Account. The Trustee Securities Administrator shall, promptly upon receipt, deposit in the Interest Coverage Account and retain therein the Initial Interest Coverage Deposit for each Loan Group remitted on the Closing Date to the Trustee Securities Administrator by the Depositor and all income and gain realized from investment of funds on deposit deposited in the Pre-Funding Account pursuant to Section 4.14(b5.10(b). Funds deposited in the Interest Coverage Account shall be held in trust by the Trustee Securities Administrator for the Certificateholders and the Certificate Insurer for the uses and purposes set forth herein.

Interest Coverage Account. (a) No later than the Closing Date, the Trustee shall establish and maintain a segregated trust account or a sub-sub account of a trust account, which shall be titled “Interest Coverage Account, Deutsche LaSalle Bank National Trust Company, Association as trustee for the benefit of holders of Impac Secured Assets Corp.Bear Xxxxxxx Asset Backed Securities I LLC, Mortgage PassMortgage-Through Backed Certificates, Series 20072005-3WM2” (the “Interest Coverage Account”). The Interest Coverage Account shall be an Eligible Account or a sub-sub account of an Eligible Account. The Trustee shall, promptly upon receipt, deposit in the Interest Coverage Account and retain therein the Initial Interest Coverage Deposit remitted on the Closing Date to the Trustee by the Depositor and all income and gain realized from investment of funds on deposit deposited in the Pre-Funding Account pursuant to Section 4.14(b4.06(b). Funds deposited in the Interest Coverage Account shall be held in trust by the Trustee for the Certificateholders and the Certificate Insurer for the uses and purposes set forth herein.

Interest Coverage Account. (a) No later than the Closing Date, the Trustee Securities Administrator shall establish and maintain a segregated trust account or a sub-sub account of a trust account, which shall be titled “Interest Coverage Account, Deutsche Xxxxx Fargo Bank, National Association as securities administrator on behalf of U.S. Bank National Trust CompanyAssociation, as trustee Trustee for the benefit of holders of Impac Secured Assets Corp., Mortgage PassAsset-Through Backed Certificates, Series 20072005-3AC8” (the “Interest Coverage Account”). The Interest Coverage Account shall be an Eligible Account or a sub-sub account of an Eligible Account. The Trustee Securities Administrator shall, promptly upon receipt, deposit in the Interest Coverage Account and retain therein the Initial Interest Coverage Deposit for the Mortgage Loans remitted on the Closing Date to the Trustee Securities Administrator by the Depositor and all income and gain realized from investment of funds on deposit deposited in the Pre-Funding Account pursuant to Section 4.14(b)Account. Funds deposited in the Interest Coverage Account shall be held in trust by the Trustee Securities Administrator for the Certificateholders and the Certificate Insurer for the uses and purposes set forth herein.