Common use of Interest Coverage Account Clause in Contracts

Interest Coverage Account. (a) No later than the Closing Date, the Securities Administrator shall establish and maintain a segregated trust account or a sub account of a trust account, which shall be titled “Interest Coverage Account, LaSalle Bank National Association as securities administrator on behalf of Citibank, N.A., as Trustee for the benefit of holders of SACO I Trust 2005-7, Mortgage-Backed Certificates, Series 2005-7” (the “Interest Coverage Account”). The Interest Coverage Account shall be an Eligible Account or a sub account of an Eligible Account. The 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 Securities Administrator by the Depositor and all income and gain realized from investment of funds deposited in the Pre-Funding Account pursuant to Section 4.06(b). Funds deposited in the Interest Coverage Account shall be held in trust by the Securities Administrator for the Certificateholders for the uses and purposes set forth herein.

Interest Coverage Account. (a) No later than the Closing Date, the Securities Administrator Trustee shall establish and maintain a segregated trust account or a sub account of a trust account, which shall be titled “"Interest Coverage Account, LaSalle U.S. Bank National Association as securities administrator on behalf of Citibank, N.A., as Trustee trustee for the benefit of holders of SACO I Trust 2005Structured Asset Mortgage Investments Inc., Bear Xxxxxxx ARM Trust, Mortgage Pass-7, Mortgage-Backed Through Certificates, Series 2005-7” 1" (the “"Interest Coverage Account”"). The Interest Coverage Account shall be an Eligible Account or a sub account of an Eligible Account. The Securities Administrator Trustee shall, promptly upon receipt, deposit in the Interest Coverage Account and retain therein the Initial Interest Coverage Deposit for the Mortgage Loans each Loan Group remitted on the Closing Date to the Securities Administrator Trustee by the Depositor and all income and gain realized from investment of funds deposited in the Pre-Funding Account pursuant to Section 4.06(b). Funds deposited in the Interest Coverage Account shall be held in trust by the Securities Administrator Trustee for the Certificateholders for the uses and purposes set forth herein.

Interest Coverage Account. (a) No later than the Closing Date, the Securities Administrator shall establish and maintain a segregated trust account or a sub account of a trust account, which shall be titled “Interest Coverage Account, LaSalle Bank National Association as securities administrator on behalf of Citibank, N.A., as Trustee for the benefit of holders of SACO I Trust 2005-78, Mortgage-Backed Certificates, Series 2005-78” (the “Interest Coverage Account”). The Interest Coverage Account shall be an Eligible Account or a sub account of an Eligible Account. The 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 Securities Administrator by the Depositor and all income and gain realized from investment of funds deposited in the Pre-Funding Account pursuant to Section 4.06(b). Funds deposited in the Interest Coverage Account shall be held in trust by the Securities Administrator for the Certificateholders for the uses and purposes set forth herein.

Interest Coverage Account. (a) No later than the Closing Date, the Securities Administrator Paying Agent shall establish and maintain a segregated trust account or a sub account of a trust account, which shall be titled “"Interest Coverage Account, LaSalle Bank National Association as securities administrator on behalf of Citibank, N.A., N.A. as Trustee for the benefit of holders of SACO I Structured Asset Mortgage Investments II Inc., Bear Xxxxxxx ALT-A Trust 2005II, Mortgage Pass-7, Mortgage-Backed Through Certificates, Series 20052007-7” 1" (the “"Interest Coverage Account”"). The Interest Coverage Account shall be an Eligible Account or a sub account of an Eligible Account. The Securities Administrator Depositor shall remit to the Paying Agent and the Paying Agent shall, promptly upon receipt, deposit in the Interest Coverage Account and retain therein therein, the Initial Interest Coverage Deposit for the Mortgage Loans Amount remitted on the Closing Date to the Securities Administrator Paying Agent by the Depositor and all income and gain realized from investment of funds deposited in the Pre-Funding Account pursuant to Section 4.06(b4.09(b). Funds deposited in the Interest Coverage Account shall be held in trust by the Securities Administrator Paying Agent for the Certificateholders for the uses and purposes set forth herein.

Interest Coverage Account. (a) No later than the Closing Date, the Securities Administrator shall establish and maintain a segregated trust account or a sub account of a trust account, which shall be titled “Interest Coverage Account, LaSalle Bank National Association Association, as securities administrator on behalf Securities Administrator for the benefit of Citibank, N.A., as Trustee in trust for the benefit of registered holders of SACO Bear Xxxxxxx Asset Backed Securities I Trust 2005-7LLC, MortgageAsset-Backed Certificates, Series 2005-7CL1” (the “Interest Coverage Account”). The Interest Coverage Account shall be an Eligible Account or a sub account of an Eligible Account. The Securities Administrator shall, promptly upon receipt, deposit in the Interest Coverage Account and retain therein the Initial Interest Coverage Deposit for the Mortgage Loans Amount remitted on the Closing Date to the Securities Administrator by the Depositor and all income and gain realized from investment of funds deposited in the Pre-Funding Account pursuant to Section 4.06(b5.10(b). Funds deposited in the Interest Coverage Account shall be held in trust by the Securities Administrator for the Certificateholders for the uses and purposes set forth herein.

Interest Coverage Account. (a) No later than the Closing Date, the Securities Administrator Paying Agent shall establish and maintain a segregated trust account or a sub account of a trust account, which shall be titled “"Interest Coverage Account, LaSalle Bank National Association as securities administrator on behalf of Citibank, N.A., N.A. as Trustee trustee for the benefit of holders of SACO I Trust 2005Structured Asset Mortgage Investments II Inc. Bear Xxxxxxx ALT-7A Trust, MortgageMortgage Pass-Backed Through Certificates, Series 20052007-7” 3" (the “"Interest Coverage Account”"). The Interest Coverage Account shall be an Eligible Account or a sub account of an Eligible Account. The Securities Administrator Depositor shall remit to the Paying Agent and the Paying Agent shall, promptly upon receipt, deposit in the Interest Coverage Account and retain therein therein, the Initial Interest Coverage Deposit for the Mortgage Loans Amount remitted on the Closing Date to the Securities Administrator Paying Agent by the Depositor and all income and gain realized from investment of funds deposited in the Pre-Funding Account pursuant to Section 4.06(b4.09(b). Funds deposited in the Interest Coverage Account shall be held in trust by the Securities Administrator Paying Agent for the Certificateholders for the uses and purposes set forth herein.

Interest Coverage Account. (a) No later than the Closing Date, the Securities Administrator Trustee shall establish and maintain a segregated trust account or a sub account of a trust account, which shall be titled “"Interest Coverage Account, LaSalle U.S. Bank National Association as securities administrator on behalf of Citibank, N.A., as Trustee trustee for the benefit of holders of SACO I Trust 2005Structured Asset Mortgage Investments Inc., Bear Stearns ARM Trust, Mortgage Pass-7, Mortgage-Backed Through Certificates, Series 20052004-7” 12" (the “xxx "Interest Coverage Account”"). The Interest Coverage Account shall be an Eligible Account or a sub account of an Eligible Account. The Securities Administrator Trustee shall, promptly upon receipt, deposit in the Interest Coverage Account and retain therein the Initial Interest Coverage Deposit for the Mortgage Loans each Loan Group remitted on the Closing Date to the Securities Administrator Trustee by the Depositor and all income and gain realized from investment of funds deposited in the Pre-Funding Account pursuant to Section 4.06(b). Funds deposited in the Interest Coverage Account shall be held in trust by the Securities Administrator Trustee for the Certificateholders for the uses and purposes set forth herein.

Interest Coverage Account. (a) No later than the Closing Date, the Securities Administrator shall establish and maintain a segregated trust account or a sub account of a trust account, which shall be titled “Interest Coverage Account, LaSalle U.S. Bank National Association as securities administrator on behalf of Citibank, N.A., as Trustee trustee for the benefit of holders of SACO I Trust 2005Structured Asset Mortgage Investments Inc., Mortgage Pass-7, Mortgage-Backed Through Certificates, Series 2005-7AR5” (the “Interest Coverage Account”). The Interest Coverage Account shall be an Eligible Account or a sub account of an Eligible Account. The Securities Administrator shall, promptly upon receipt, deposit in the Interest Coverage Account and retain therein the Initial Interest Coverage Deposit for the Mortgage Loans each Loan Group remitted on the Closing Date to the Securities Administrator by the Depositor and all income and gain realized from investment of funds deposited in the Pre-Funding Reserve Account pursuant to Section 4.06(b). Funds deposited in the Interest Coverage Account shall be held in trust by the Securities Administrator for the Certificateholders for the uses and purposes set forth herein.