Common use of Securities Administrator Clause in Contracts

Securities Administrator. (a) The Securities Administrator shall make distributions to Certificateholders from the Certificate Distribution Account on behalf of the Trust in accordance with the provisions of the Certificates and Section 5.01 hereof from payments remitted to the Securities Administrator pursuant to Section 3.03 of the Indenture. The Trust hereby appoints the Securities Administrator and the Securities Administrator hereby accepts such appointment and further agrees that it will be bound by the provisions of this Trust Agreement relating to the Securities Administrator and shall:

Securities Administrator. (a) The Securities Administrator shall make distributions to Certificateholders from the Certificate Distribution Account on behalf of the Trust in accordance with the provisions of the Certificates and Section 5.01 hereof from payments remitted to the Securities Administrator pursuant to Section 3.03 3.05 of the Indenture. The Trust hereby appoints the Securities Administrator as Paying Agent and the Securities Administrator hereby accepts such appointment and further agrees that it will be bound by the provisions of this Trust Agreement relating to the Securities Administrator and shall: