Common use of Interest Coverage Account Clause in Contracts

Interest Coverage Account. (a) No later than the Closing Date, the Trustee, at the direction of the Servicer, shall establish and maintain, a segregated trust account that is an Eligible Account, which shall be titled “Interest Coverage Account, [ ], as Trustee for the registered holders of NovaStar Mortgage Funding Trust 20[ ]-[ ], Home Equity Loan Asset-Backed Certificates, Series 20[ ]-[ ]” (the “Interest Coverage Account”). The Trustee shall, promptly upon receipt, deposit in the Interest Coverage Account and retain therein (i) the Interest Coverage Amount (which amount is $1,000,000) remitted on the Closing Date to the Trustee by the Depositor and (ii) income and gain realized from investments in the Pre-Funding Account. Funds deposited in the Interest Coverage Account shall be held in trust by the Trustee, for the Certificateholders for the uses and purposes set forth herein.

Interest Coverage Account. (a) No later than the Closing Date, the Trustee, at the direction of the Servicer, shall establish and maintain, a segregated trust account that is an Eligible Account, which shall be titled “Interest Coverage Account, [ ]JPMorgan Chase Bank, National Association, as Trustee for the registered holders of NovaStar Mortgage Funding Trust 20[ ]2006-[ ]3, Home Equity Loan Asset-Backed Certificates, Series 20[ ]2006-[ ]3” (the “Interest Coverage Account”). The Trustee shall, promptly upon receipt, deposit in the Interest Coverage Account and retain therein (i) the Interest Coverage Amount (which amount is $1,000,000220,000) remitted on the Closing Date to the Trustee by the Depositor and (ii) income and gain realized from investments in the Pre-Funding Account. Funds deposited in the Interest Coverage Account shall be held in trust by the Trustee, for the Certificateholders for the uses and purposes set forth herein.

Interest Coverage Account. (a) No later than the Closing Date, the Trustee, at the direction of the Servicer, Certificate Administrator shall establish and maintain, on behalf of the Trustee, a segregated trust account that is an Eligible Account, which shall be titled “"Interest Coverage Account, [ ]_______________________, as Trustee Certificate Administrator for the registered holders of NovaStar Mortgage Funding Trust 20[ ]-[ ]______, Home Equity Loan Asset-Backed Certificates, Series 20[ ]-[ ]” _________" (the “"Interest Coverage Account”"). The Trustee Certificate Administrator shall, promptly upon ------------------------- receipt, deposit in the Interest Coverage Account and retain therein (i) the Interest Coverage Amount (which amount is $1,000,000) remitted on the Closing Date to the Trustee Certificate Administrator by the Depositor Company and (ii) income and gain realized from investments in the Pre-Funding Account. Funds deposited in the Interest Coverage Account shall be held in trust by the Trustee, Certificate Administrator on behalf of the Trustee for the Certificateholders for the uses and purposes set forth herein.

Interest Coverage Account. (a) No later than the Closing Date, the Trustee, at the direction of the Servicer, shall establish and maintain, a segregated trust account that is an Eligible Account, which shall be titled “Interest Coverage Account, [ ]JPMorgan Chase Bank, National Association, as Trustee for the registered holders of NovaStar Mortgage Funding Trust 20[ ]2005-[ ]4, Home Equity Loan Asset-Backed Certificates, Series 20[ ]2005-[ ]4” (the “Interest Coverage Account”). The Trustee shall, promptly upon receipt, deposit in the Interest Coverage Account and retain therein (i) the Interest Coverage Amount (which amount is $1,000,000) remitted on the Closing Date to the Trustee by the Depositor Company and (ii) income and gain realized from investments in the Pre-Funding Account. Funds deposited in the Interest Coverage Account shall be held in trust by the Trustee, for the Certificateholders for the uses and purposes set forth herein.