Common use of Net WAC Rate Carryover Reserve Account Clause in Contracts

Net WAC Rate Carryover Reserve Account. (a) No later than the Closing Date, the Trustee shall establish and maintain with itself, as agent for the Trustee, a separate, segregated trust account titled, "Net WAC Rate Carryover Reserve Account, Deutsche Bank National Trust Company, as Trustee, in trust for the registered holders of New Century Mortgage Securities, Inc., New Century Home Equity Loan Trust, Series 0000-0, Xxxxx Backed Pass-Through Certificates." On the Closing Date, the Depositor will deposit, or cause to be deposited, into the Net WAC Rate Carryover Reserve Account $1,000.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (New Century Home Equity Loan Trust Series 2003-1)

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Net WAC Rate Carryover Reserve Account. (a) No later than the Closing Date, the Trustee shall establish and maintain with itself, as agent for the Trustee, a separate, segregated trust account titled, "Net WAC Rate Carryover Reserve Account, Deutsche Bank National Trust Company, as Trustee, in trust for the registered holders of New Century Salomon Brothers Mortgage SecuritiesSecurities VII, Inc., New Century Citigroup Home Equity Loan Trust, Series 00002003-0HE1, Xxxxx Asset Backed Pass-Through Certificates." On the Closing Date, the Depositor will deposit, or cause to be deposited, into the Net WAC Rate Carryover Reserve Account Account, $1,000.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Salomon Broth Mort Sec Vii Inc Citi Hm Eq Ln Tr Se 2003-He1)

Net WAC Rate Carryover Reserve Account. (a) No later than the Closing Date, the Trustee shall establish and maintain with itself, as agent for the Trustee, a separate, segregated trust account titled, "β€œNet WAC Rate Carryover Reserve Account, Deutsche Bank National Trust Company[NAME OF TRUSTEE], as Trustee, in trust for the registered holders of New Century [National City Mortgage Securities, Inc., New Century Home Equity Capital LLC [Mortgage] Loan Trust], Series 0000-020__-____, Xxxxx Mortgage Backed Pass-Through Certificates." ” On the Closing Date, the Depositor will deposit, or cause to be deposited, into the Net WAC Rate Carryover Reserve Account Account, $1,000.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (National City Mortgage Capital LLC)

Net WAC Rate Carryover Reserve Account. (a) No later than the Closing Date, the Trustee shall establish and maintain with itself, as agent for the Trustee, a separate, segregated trust account titled, "Net WAC Rate Carryover Reserve Account, Deutsche Bank National Trust Company[NAME OF TRUSTEE], as Trustee, in trust for the registered holders of New Century Citigroup Mortgage Securities, Loan Trust Inc., New Century Citigroup Home Equity Loan Trust, Series 0000-020__-____, Xxxxx Asset Backed Pass-Through Certificates." On the Closing Date, the Depositor will deposit, or cause to be deposited, into the Net WAC Rate Carryover Reserve Account Account, $1,000.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust Inc)

Net WAC Rate Carryover Reserve Account. (a) No later than the Closing Date, the Trustee shall establish and maintain with itself, as agent for the Trustee, a separate, segregated trust account titled, "Net WAC Rate Carryover Reserve Account, Deutsche Bank National Trust Company[NAME OF TRUSTEE], as Trustee, in trust for the registered holders of New Century Citigroup Commercial Mortgage Securities, Securities Inc., New Century Citigroup Home Equity Loan Trust, Series 0000-020__-____, Xxxxx Asset Backed Pass-Through Certificates." On the Closing Date, the Depositor will deposit, or cause to be deposited, into the Net WAC Rate Carryover Reserve Account Account, $1,000.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citigroup Commercial Mortgage Securities Inc)

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Net WAC Rate Carryover Reserve Account. (a) No later than the Closing Date, the Trustee Trust Administrator shall establish and maintain with itself, as agent for the Trustee, a separate, segregated trust account titled, "Net WAC Rate Carryover Reserve Account, Deutsche Bank National Trust Company, as agent for U.S. Bank National Association, as Trustee, in trust for the registered holders of New Century Ameriquest Mortgage Securities, Securities Inc., New Century Home Equity Loan Trust, Series 0000Asset-0, Xxxxx Backed Pass-Through Certificates, Series 2002-3." On the Closing Date, the Depositor will deposit, or cause to be deposited, into the Net WAC Rate Carryover Reserve Account $1,000.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Asset Backed Pass Through Certificates 2002-3)

Net WAC Rate Carryover Reserve Account. (a) No later than the Closing Date, the Trustee shall establish and maintain with itself, as agent for the Trustee, a separate, segregated trust account titled, "Net WAC Rate Carryover Reserve Account, Deutsche Bank National Trust Company[NAME OF TRUSTEE], as Trustee, in trust for the registered holders of New Century [National City Mortgage Securities, Inc., New Century Home Equity Capital LLC [Mortgage] Loan Trust], Series 0000-020__-____, Xxxxx Mortgage Backed Pass-Through Certificates." On the Closing Date, the Depositor will deposit, or cause to be deposited, into the Net WAC Rate Carryover Reserve Account Account, $1,000.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (National City Mortgage Capital LLC)

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