Segregation of Moneys; No Interest. Subject to Sections 5.01 and 5.02, moneys received by the Owner Trustee hereunder and deposited in the Certificate Distribution Account will be segregated and shall be invested in Permitted Investments at the direction of the Depositor. The Owner Trustee shall not be liable for payment of any interest in respect of such moneys.
Appears in 7 contracts
Samples: Deposit Trust Agreement (Banccap Asset Securization Issuance Corp), Trust Agreement (BLG Securities Company, LLC), Trust Agreement (HMB Acceptance Corp.)
Segregation of Moneys; No Interest. Subject to Sections 5.01 4.1, 5.1 and 5.025.2, moneys received by the Owner Trustee hereunder and deposited in into the Certificate Distribution Account will be segregated except to the extent required otherwise by law or the Sale and Servicing Agreement and shall be invested in Permitted Investments at the direction of the DepositorCompany. The Owner Trustee shall not be liable for payment of any interest in respect of such moneys.
Appears in 6 contracts
Samples: Owner Trust Agreement (Bcap LLC), Owner Trust Agreement (Hsi Asset Securitization Corp), Owner Trust Agreement (Painewebber Mort Acce Corp Iv Fremont Home Ln Own Tr 1999-1)
Segregation of Moneys; No Interest. Subject to Sections 5.01 and 5.02Section 5.1, moneys received by the Owner Eligible Lender Trustee hereunder and shall be deposited in the Certificate Distribution Account will be segregated and shall be invested in Permitted Eligible Investments at in accordance with instructions received from the direction of the DepositorAdministrator. The Owner Eligible Lender Trustee shall not be liable for payment of any interest in respect of such moneysthereon.
Appears in 6 contracts
Samples: Trust Agreement (PNC Bank National Association/), Trust Agreement (Transworld Insurance Co), Trust Agreement (Crestar Bank /Va)
Segregation of Moneys; No Interest. Subject to Sections 5.01 4.1 and 5.025.2, moneys received by the Owner Trustee Trust hereunder and deposited in into the Certificate Distribution Account will be segregated except to the extent required otherwise by law or the Sale and Servicing Agreement and shall be invested in Permitted Investments at the direction of the DepositorCompany. The Owner Trustee shall not be liable for payment of any interest interest, charges or losses in respect of such moneys.
Appears in 2 contracts
Samples: Owner Trust Agreement (Painewebber Mort Accept Corp Iv Ditech Home Loan Ownr 1998-1), Ditech Funding Corp Home Loan Owner Trust 1997-1
Segregation of Moneys; No Interest. Subject to Sections 5.01 and 5.024.1, 5.1 AND 5.2, moneys received by the Owner Trustee hereunder and deposited in into the Certificate Distribution Account will be segregated except to the extent required otherwise by law or the Sale and Servicing Agreement and shall be invested in Permitted Investments at the direction of the DepositorCompany. The Owner Trustee shall not be liable for payment of any interest in respect of such moneys.
Appears in 2 contracts
Samples: Owner Trust Agreement (Securitized Asset Backed Receivables LLC), Owner Trust Agreement (Bcap LLC)
Segregation of Moneys; No Interest. Subject to Sections 5.01 ---------------------------------- -------- 4.1, 5.1 and 5.025.2, moneys received by the Owner Trustee hereunder and deposited in ---------------- into the Certificate Distribution Account will be segregated except to the extent required otherwise by law or the Master Servicing Agreement and shall be invested in Permitted Investments at the direction of the DepositorCompany. The Owner Trustee shall not be liable for payment of any interest in respect of such moneys.
Appears in 2 contracts
Samples: Owner Trust Agreement (Fremont Mortgage Securities Corp), Owner Trust Agreement (National Mortgage Securities Corp)
Segregation of Moneys; No Interest. Subject to Sections 5.01 ---------------------------------- 4.01 and 5.02, moneys received by the Owner Trustee or the Co-Owner Trustee hereunder and deposited in into the Certificate Distribution Account will be segregated except to the extent required otherwise by law or the Sale and Servicing Agreement and shall be invested in Permitted Investments at the direction of the DepositorCompany. The Neither the Owner Trustee nor the Co-Owner Trustee shall not be liable for payment of any interest in respect of such moneys.
Appears in 1 contract
Segregation of Moneys; No Interest. Subject to ---------------------------------- Sections 5.01 4.1, 5.1 and 5.025.2, moneys received by the Owner Trustee hereunder and ------------------------- deposited in into the Certificate Distribution Account will be segregated except to the extent required otherwise by law or the Master Servicing Agreement and shall be invested in Permitted Investments at the direction of the DepositorCompany. The Owner Trustee shall not be liable for payment of any interest in respect of such moneys.
Appears in 1 contract
Samples: Owner Trust Agreement (Southpoint Residential Mortgage Securities Corp)
Segregation of Moneys; No Interest. Subject to Sections 5.01 4.01 and 5.02, moneys received by the Owner Trustee or the Co-Owner Trustee hereunder and deposited in into the Certificate Distribution Account will be segregated except to the extent required otherwise by law or the Sale and Servicing Agreement and shall be invested in Permitted Investments at the direction of the DepositorHolder of the Residual Interest Certificate. The Neither the Owner Trustee nor the Co-Owner Trustee shall not be liable for payment of any interest in respect of such moneys.
Appears in 1 contract
Samples: Trust Agreement (Bear Stearns Asset Backed Securities Inc)
Segregation of Moneys; No Interest. Subject to Sections 5.01 4.1, 5.1 and 5.025.2, moneys received by the Owner Trustee hereunder and deposited in into the Certificate Distribution Account will be segregated except to the extent required otherwise by law or the Indenture and shall be invested in Permitted Investments at the direction of the DepositorCompany. The Owner Trustee shall not be liable for payment of any interest in respect of such moneys.
Appears in 1 contract
Samples: Owner Trust Agreement (Etrade Mortgage Backed Securities Corp)
Segregation of Moneys; No Interest. Subject to Sections 5.01 -------- 4.1 and 5.025.2, moneys received by the Owner Trustee hereunder and deposited in into ----------- the Certificate Distribution Account will be segregated except to the extent required otherwise by law or the Sale and Servicing Agreement and shall be invested in Permitted Investments at the direction of the DepositorCompany. The Owner Trustee shall not be liable for payment of any interest in respect of such moneys.
Appears in 1 contract
Segregation of Moneys; No Interest. Subject to Sections 5.01 4.1 and 5.025.2, moneys received by the Owner Trustee hereunder and deposited in into the Certificate Distribution Account will be segregated except to the extent required otherwise by law or the Sale and Servicing Agreement and shall be invested in Permitted Investments at the direction of the DepositorTransferor. The Owner Trustee shall not be liable for payment of any interest in respect of such moneys.
Appears in 1 contract
Samples: Agreement (Life Financial Home Loan Owner Trust 1997-3)
