Common use of Money for Payments To Be Held in Trust; Paying Agent Clause in Contracts

Money for Payments To Be Held in Trust; Paying Agent. As provided in Section 3.01, all payments of amounts due and payable with respect to any Notes that are to be made from amounts withdrawn from the Payment Account pursuant to Section 3.01 shall be made on behalf of the Issuing Entity by the Indenture Trustee or by the Paying Agent, and no amounts so withdrawn from the Payment Account for payments of Notes shall be paid over to the Issuing Entity except as provided in this Section 3.03. The Issuing Entity hereby appoints the Indenture Trustee as its Paying Agent. The Issuing Entity will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent it hereby so agrees), subject to the provisions of this Section 3.03, that such Paying Agent will:

Appears in 3 contracts

Samples: Master Agreement (GSC Capital Corp. Mortgage Trust 2006-1), Indenture (New Century Home Equity Loan Trust 2006-2), Indenture (New Century Home Equity Loan Trust 2006-1)

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Money for Payments To Be Held in Trust; Paying Agent. (a) As provided in Section 3.01, all payments of amounts due and payable with respect to any Notes that are to be made from amounts withdrawn from the Payment Account Note Distribution Accounts pursuant to Section 3.01 shall be made on behalf of the Issuing Entity Issuer by the Indenture Trustee or by the Paying Agent, and no amounts so withdrawn from the Payment Account Note Distribution Accounts for payments of Notes shall be paid over to the Issuing Entity Issuer except as provided in this Section 3.03. The Issuing Entity hereby Issuer initially appoints the Indenture Trustee to serve as its Paying AgentAgent and the Indenture Trustee accepts such appointment. The Issuing Entity Issuer will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent it hereby so agrees), subject to the provisions of this Section 3.03, that such Paying Agent will:

Appears in 3 contracts

Samples: Indenture (Superior Bank FSB Afc Mort Ln Asset Backed Notes Ser 2000 2), Default And (Afc Mortgage Loan Asset Backed Notes Series 2000-1), Indenture (Superior Bank FSB Afc Mortgage Ln Asset Bk Notes Ser 1999-3)

Money for Payments To Be Held in Trust; Paying Agent. As provided in Section 3.01, all payments of amounts due and payable with respect to any Notes that are to be made from amounts withdrawn from the Payment Account pursuant to Section 3.01 shall be made on behalf of the Issuing Entity Issuer by the Indenture Trustee or by the Paying Agent, and no amounts so withdrawn from the Payment Account for payments of Notes shall be paid over to the Issuing Entity Issuer except as provided in this Section 3.03. The Issuing Entity Issuer hereby appoints the Indenture Trustee as its the initial Paying AgentAgent hereunder. The Issuing Entity Indenture Trustee hereby accepts such appointment. The Issuer will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent Agent, it hereby so agrees), subject to the provisions of this Section 3.03, that such Paying Agent will:

Appears in 3 contracts

Samples: Indenture (Morgan Stanley Abs Capital I Inc MSDWCC Heloc Trust 2003-1), Morgan Stanley ABS Capital I Inc. MSDWCC HELOC Trust 2005-1, Heloc Asset-Backed Notes Series 2003-2

Money for Payments To Be Held in Trust; Paying Agent. As provided in Section 3.01, all payments of amounts due and payable with respect to any Notes that are to be made from amounts withdrawn from the Note Payment Account pursuant to Section 3.01 shall be made on behalf of the Issuing Entity by the Indenture Trustee or by the Paying Agent, and no amounts so withdrawn from the Note Payment Account for payments of Notes shall be paid over to the Issuing Entity except as provided in this Section 3.03. The Issuing Entity hereby appoints the Indenture Trustee as its Paying Agent. The Issuing Entity will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture indenture Trustee (and if the Indenture Trustee acts as Paying Agent it hereby so agrees), subject to the provisions of this Section 3.03, that such Paying Agent will:

Appears in 2 contracts

Samples: Manufactured Housing Contract (Origen Residential Securities, Inc.), Servicing Agreement (Origen Manufactured Housing Contract Trust Collateralized Notes, Series 2006-A)

Money for Payments To Be Held in Trust; Paying Agent. As provided in Section 3.01, all payments of amounts due and payable with respect to any Notes that are to be made from amounts withdrawn from the Note Payment Account pursuant to Section 3.01 shall be made on behalf of the Issuing Entity Issuer by the Indenture Trustee or by the Paying Agent, and no amounts so withdrawn from the Note Payment Account for payments of Notes shall be paid over to the Issuing Entity Issuer except as provided in this Section 3.03. The Issuing Entity Issuer hereby appoints the Indenture Trustee as its Paying Agent. The Issuing Entity Issuer will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent it hereby so agrees), subject to the provisions of this Section 3.03, that such Paying Agent will:

Appears in 2 contracts

Samples: Custodial Agreement (Citigroup Mortgageln Tr Origen Manu Hous Cont Tr NTS Ser 200), Custodial Agreement (Citigroup Mortgageln Tr Origen Manu Hous Cont Tr NTS Ser 200)

Money for Payments To Be Held in Trust; Paying Agent. As ---------------------------------------------------- provided in Section 3.01, all payments of amounts due and payable with respect to any Notes that are to be made from amounts withdrawn from the Payment Note Distribution Account pursuant to Section 3.01 shall be made on behalf of the Issuing Entity Issuer by the Indenture Trustee or by the another Paying Agent, and no amounts so withdrawn from the Payment Note Distribution Account for payments of Notes or under Hedge Transactions shall be paid over to the Issuing Entity Issuer except as provided in this Section 3.03. The Issuing Entity hereby appoints the Indenture Trustee as its Paying Agent. The Issuing Entity Issuer will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent Agent, it hereby so agrees), subject to the provisions of this Section 3.03, that such Paying Agent will:

Appears in 1 contract

Samples: MCG Capital Corp

Money for Payments To Be Held in Trust; Paying Agent. (a) As provided in Section 3.01, all payments of amounts due and payable with respect to any Notes that are to be made from amounts withdrawn from the Payment Account pursuant to Section 3.01 shall be made on behalf of the Issuing Entity by the Indenture Trustee or by the Paying Agent, and no amounts so withdrawn from the Payment Account for payments of Notes shall be paid over to the Issuing Entity except as provided in this Section 3.03. The Issuing Entity hereby appoints the Indenture Trustee as its Paying Agent. The Issuing Entity will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent it hereby so agrees), subject to the provisions of this Section 3.03, that such Paying Agent will:

Appears in 1 contract

Samples: Merrill Lynch Mortgage Investors Inc

Money for Payments To Be Held in Trust; Paying Agent. As provided in Section 3.01, all payments of amounts due and payable with respect to any Notes that are to be made from amounts withdrawn from the Note Payment Account pursuant to Section 3.01 shall be made on behalf of the Issuing Entity Issuer by the Paying Agent or by the Indenture Trustee or another paying agent appointed by the Indenture Trustee pursuant to Section 6.08 to act as Paying AgentAgent hereunder and under the Servicing Agreement, and no amounts so withdrawn from the Note Payment Account for payments of Notes shall be paid over to the Issuing Entity Issuer except as provided in this Section 3.03. The Issuing Entity Issuer hereby appoints Wachovia Bank, National Association to act as initial Paying Agent hereunder and under the Indenture Trustee as its Paying AgentServicing Agreement. Wachovia Bank, National Association hereby accepts such appointment. The Issuing Entity Issuer will cause each Paying Agent other than the initial Paying Agent or the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee or the initial Paying Agent acts as Paying Agent Agent, it hereby so agrees), subject to the provisions of this Section 3.03, that such Paying Agent will:

Appears in 1 contract

Samples: Wachovia Asset Sec Series 2004 - HE1

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Money for Payments To Be Held in Trust; Paying Agent. (a) As provided in Section 3.01, all payments of amounts due and payable with respect to any Notes that are to be made from amounts withdrawn from the Payment Account pursuant to Section 3.01 shall be made on behalf of the Issuing Entity Issuer by the Indenture Trustee or by the Paying Agent, and no amounts so withdrawn from the Payment Account for payments of Notes shall be paid over to the Issuing Entity Issuer except as provided in this Section 3.03. The Issuing Entity Issuer hereby appoints designates the Indenture Trustee as its Paying Agent, which initially shall be Norwest Bank Minnesota, National Association. The Issuing Entity Issuer will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent it hereby so agrees), subject to the provisions of this Section 3.03, that such Paying Agent will:

Appears in 1 contract

Samples: Indenture (Southern Pacific Secured Assets Corp)

Money for Payments To Be Held in Trust; Paying Agent. (a) ---------------------------------------------------- As provided in Section 3.01, all payments of amounts due and payable with respect to any Notes Bonds that are to be made from amounts withdrawn from the Payment Account pursuant to Section 3.01 shall be made on behalf of the Issuing Entity Issuer by the Indenture Trustee or by the Paying Agent, and no amounts so withdrawn from the Payment Account for payments of Notes Bonds shall be paid over to the Issuing Entity Issuer except as provided in this Section 3.03. The Issuing Entity Issuer hereby appoints the Indenture Trustee as its Paying Agent. The Issuing Entity Issuer will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent it hereby so agrees), subject to the provisions of this Section 3.03, that such Paying Agent will:

Appears in 1 contract

Samples: Servicing Agreement (Imh Assets Corp)

Money for Payments To Be Held in Trust; Paying Agent. As provided in Section 3.01, all payments of amounts due and payable with respect to any Notes that are to be made from amounts withdrawn from the Note Payment Account pursuant to Section 3.01 shall be made on behalf of the Issuing Entity Issuer by the Paying Agent or by the Indenture Trustee or another paying agent appointed by the Indenture Trustee pursuant to Section 6.08 to act as Paying AgentAgent hereunder and under the Servicing Agreement, and no amounts so withdrawn from the Note Payment Account for payments of Notes shall be paid over to the Issuing Entity Issuer except as provided in this Section 3.03. The Issuing Entity Issuer hereby appoints the Indenture Trustee Paying Agent to act as its initial Paying AgentAgent hereunder and under the Servicing Agreement. The Issuing Entity Issuer will cause each Paying Agent other than the initial Paying Agent or the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee or the initial Paying Agent acts as Paying Agent Agent, it hereby so agrees), subject to the provisions of this Section 3.03, that such Paying Agent will:

Appears in 1 contract

Samples: Wachovia Asset Securitization Inc 2003-He2 Trust

Money for Payments To Be Held in Trust; Paying Agent. As provided in Section 3.01, all payments of amounts due and payable with respect to any Notes that are to be made from amounts withdrawn from the Payment Account pursuant to Section 3.01 shall be made on behalf of the Issuing Entity Issuer by the Indenture Trustee or by the Paying Agent, and no amounts so withdrawn from the Payment Account for payments of Notes shall be paid over to the Issuing Entity Issuer except as provided in this Section 3.03. The Issuing Entity Issuer hereby appoints the Indenture Trustee as its Paying Agent. The Issuing Entity will Issuer shall cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent it hereby so agrees), subject to the provisions of this Section 3.03, that such Paying Agent willshall:

Appears in 1 contract

Samples: Indenture (Home Loan Mortgage Loan Trust 2004-2)

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