The Capitalized Interest Account. The Trustee shall establish and maintain in its name, a trust account (the “Capitalized Interest Account”) entitled “Capitalized Interest Account, LaSalle Bank National Association, as Trustee, in trust for the benefit of the Holders of Structured Asset Investment Loan Trust Mortgage Pass-Through Certificates, Series 2004-10.” The Capitalized Interest Account shall be an Eligible Account. On the Closing Date, the Depositor shall deposit in the Capitalized Interest Account the Original Capitalized Interest Amount. On the Business Day preceding any Distribution Date occurring during the Pre-Funding Period, the Trustee shall withdraw from the Capitalized Interest Account an amount equal to the Capitalized Interest Requirement (based on a monthly report provided to the Trustee by the Securities Administrator no later than such Business Day) for deposit into the Certificate Account for distribution to Certificateholders in accordance with Article V on such Distribution Date. Amounts on deposit in the Capitalized Interest Account may be invested by the Trustee in Eligible Investments at the written direction of the Depositor. All investment income and other gain on such investments shall be for the benefit of the Depositor and shall be subject to withdrawal on order of the Depositor from time to time. The amount of any losses incurred in respect of any such investments shall be paid by the Depositor by a deposit into the Capitalized Interest Account of its own funds, immediately as realized. In the event the Depositor does not provide written direction to the Trustee pursuant to this Section, all funds on deposit in the Capitalized Interest Account shall be invested in a money market or common trust fund as described in paragraph (viii) of the definition of “Eligible Investments” set forth in Article I. At the end of the Pre-Funding Period, all amounts, if any, on deposit in the Capitalized Interest Account shall be withdrawn by the Trustee and distributed to the Depositor and the Capitalized Interest Account shall be terminated.
The Capitalized Interest Account. (a) The [Administrator] shall establish and maintain a trust account (the “Capitalized Interest Account”). The Capitalized Interest Account shall be entitled “Capitalized Interest Account, in trust for the benefit of the Holders of Bayview Mortgage Pass-Through Certificates, Series [ ].” The Capitalized Interest Account shall be an Eligible Account. On the Closing Date, the Seller shall deposit in the Capitalized Interest Account the Original Capitalized Interest Amount. On the Business Day preceding any Payment Date occurring during the Pre-Funding Period, the [Administrator] shall withdraw from the Capitalized Interest Account an amount equal to the Capitalized Interest Requirement for deposit into the Distribution Account for distribution to Certificateholders in accordance with this Article VI on such Payment Date.
The Capitalized Interest Account. (a) The Securities Administrator, as Paying Agent, for the Trustee, shall establish and maintain an Eligible Account, to be held in trust for the benefit of Certificateholders, entitled "Capitalized Interest Account of HSBC Bank, USA, as Trustee, for the benefit of Sequoia Mortgage Trust 2003-2 Holders of Mortgage Pass-Through Certificates." On the Closing Date, the Depositor shall cause to be deposited in the Capitalized Interest Account the Original Capitalized Interest Amount. On each Distribution Date, funds in the Capitalized Interest Account equal to the Capitalized Interest Requirement for such Distribution Date shall be withdrawn by the Securities Administrator from the Capitalized Interest Account and deposited into the Distribution Account as required by Section 5.02(a).
The Capitalized Interest Account. (a) The Indenture Trustee shall establish and maintain in its name, an account entitled “Capitalized Interest Account of [ - ], as Indenture Trustee, for the benefit of the Holders of First NLC Securitization Trust 200_-_ Asset-Backed Securities, Series 200_-_.” On the Closing Date, the Depositor shall deposit in the Capitalized Interest Account the Original Capitalized Interest Amount.
The Capitalized Interest Account. (a) The Indenture Trustee shall establish and maintain a trust account (the “Capitalized Interest Account”). The Capitalized Interest Account shall be entitled “Capitalized Interest Account, in trust for the benefit of the Holders of ____________ Mortgage Loan Owner Trust 200__-__Mortgage Loan Asset Backed Notes Series _____.” The Capitalized Interest Account shall be an Eligible Account. On the Closing Date, the [Depositor] shall deposit in the Capitalized Interest Account the Original Capitalized Interest Amount. On the Business Day preceding any Payment Date occurring during the Pre-Funding Period, the Indenture Trustee shall withdraw from the Capitalized Interest Account an amount equal to the Capitalized Interest Requirement for deposit into the Note Payment Account for distribution to Noteholders in accordance with this Article V on such Payment Date.
The Capitalized Interest Account. (a) The Securities Administrator, as Paying Agent, for the Trustee, shall establish and maintain an Eligible Account, to be held in trust for the benefit of Certificateholders, entitled “Capitalized Interest Account of U.S. Bank National Association, as Trustee, for the benefit of NYMT 2006-1 Mortgage-Backed Pass-Through Certificates.” On the Closing Date, the Depositor shall cause to be deposited in the Capitalized Interest Account cash in an amount equal to the Capitalized Interest Requirement. On the first Distribution Date, funds in the Capitalized Interest Account equal to the Capitalized Interest Requirement for such Distribution Date shall be withdrawn by the Securities Administrator from the Capitalized Interest Account and deposited into the Collection Account. With respect to any Distribution Date on which there are any amounts that constitute Subsequent Mortgage Loan Interest funds in the Capitalized Interest Account equal to the Subsequent Mortgage Loan Interest shall be withdrawn by the Securities Administrator from the Capitalized Interest Account and deposited into the Collection Account. All amounts deposited in respect of the Capitalized Interest Requirement and the Subsequent Mortgage Loan Interest shall be considered cash deposits by NYMT to REMIC IV.
The Capitalized Interest Account. (a) The Securities Administrator shall establish and maintain a trust account (the “Capitalized Interest Account”). The Capitalized Interest Account shall be entitled “Capitalized Interest Account, in trust for the benefit of the Holders of Aegis Asset Backed Securities Trust Mortgage Pass-Through Certificates, Series [ ].” The Capitalized Interest Account shall be an Eligible Account. On the Closing Date, the Seller shall deposit in the Capitalized Interest Account the Original Capitalized Interest Amount. On the Business Day preceding any Distribution Date occurring during the Pre-Funding Period, the Securities Administrator shall withdraw from the Capitalized Interest Account an amount equal to the Capitalized Interest Requirement for deposit into the Distribution Account for distribution to Certificateholders in accordance with Article IV on such Distribution Date.
The Capitalized Interest Account. (i) The Indenture Trustee shall establish and maintain the Capitalized Interest Account for the benefit of the Note Insurer and the Noteholders, as an Eligible Bank Account, in the name of "ABFS Equipment Contract Trust 1999-A Capitalized Interest Account, in trust for the benefit of the registered holders of Equipment Contract-Backed Notes and the Note Insurer." At the Servicer's written direction, the Indenture Trustee shall make withdrawals from the Capitalized Interest Account only as provided in Section 3.01(c)(ii) of this Indenture. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Capitalized Interest Account and all proceeds thereof. The Capitalized Interest Account shall be under the sole dominion and control of the Indenture Trustee, for the benefit of the Noteholders and the Note Insurer.
The Capitalized Interest Account. (a) The Securities Administrator, as Paying Agent, for the Trustee, shall establish and maintain an Eligible Account, to be held in trust for the benefit of Certificateholders, entitled "Capitalized Interest Account of HSBC Bank, USA, as Trustee, for the benefit of Sequoia Mortgage Trust 9 Holders of Mortgage Pass-Through Certificates." On the Closing Date, the Depositor shall cause to be deposited in the Capitalized Interest Account the Original Capitalized
The Capitalized Interest Account. (a) The Securities Administrator shall establish and maintain in the name of the Trustee, a trust account (the “Capitalized Interest Account”). The Capitalized Interest Account for Pool 1 shall be entitled “Pool 1 Capitalized Interest Account, Wachovia Bank, National Association, as Trustee, in trust for the benefit of the Holders of Aegis Asset Backed Securities Trust Mortgage Pass-Through Certificates, Series 2005-5.” The Capitalized Interest Account shall be an Eligible Account. On the Closing Date, the Seller shall deposit in the Capitalized Interest Account the Original Capitalized Interest Amount for Pool 1. On the Business Day preceding any Distribution Date occurring during the Pre-Funding Period, the Securities Administrator shall withdraw from the Capitalized Interest Account an amount equal to the Capitalized Interest Requirement for Pool 1 for deposit into the Distribution Account for distribution to Certificateholders in accordance with Article IV on such Distribution Date.
