The Distribution Account. The Trustee, for the benefit of the Series 2002- CC Certificateholder, shall cause to be established and maintained in the name of the Trust, with an office or branch of a Qualified Institution, which shall initially be the Paying Agent, a non-interest bearing segregated account (the "Distribution Account") bearing a designation clearly indicating that the funds deposited therein are held in trust for the benefit of the Series 2002-CC Certificateholder. The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Distribution Account and in all proceeds thereof. The Distribution Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 2002-CC Certificate holder."
The Distribution Account. On each Remittance Date, the Master Servicer shall deposit in the Distribution Account all funds remitted to it by the Servicers pursuant to the Servicing Agreements. The Securities Administrator may retain or withdraw from the Distribution Account, (i) the Master Servicing Fee, (ii) amounts necessary to reimburse the Servicers pursuant to the Servicing Agreements, (iii) amounts necessary to reimburse the Master Servicer for any previously unreimbursed Advances and any Advances the Master Servicer deems to be nonrecoverable from the related Mortgage Loan proceeds, (iv) an amount to indemnify the Master Servicer or the Servicers for amounts due in accordance with this Agreement, (v) all amounts representing Prepayment Charges (payable to the Class P Certificateholders), (vi) to reimburse the Master Servicer, any Servicer or the Trustee, as the case may be, for expenses reasonably incurred in respect of any breach or defect giving rise to the repurchase obligation of a Mortgage Loan Seller under a Transfer Agreement or the Sponsor under this Agreement that were included in the Repurchase Price of the Mortgage Loan, including any expenses arising out of the enforcement of the repurchase obligation, to the extent not otherwise paid pursuant to the terms hereof and (vii) any other amounts that each of the Depositor, Trustee, Master Servicer and the Securities Administrator is entitled to receive hereunder for reimbursement, indemnification or otherwise.
The Distribution Account. The Servicer, for the benefit of the Series ------------------------ 1999-1 Investor Certificateholders, shall cause to be established and maintained in the name of the Trustee, on behalf of the Trust, with an office or branch of a Qualified Trust Institution (other than the Transferor), initially Bankers Trust Company, a non-interest bearing segregated demand deposit account maintained in the corporate trust department of such Qualified Trust Institution, and held in trust by such Qualified Trust Institution (the "Distribution Account") bearing a designation clearly indicating that the funds deposited therein are held in trust for the benefit of the Series 1999-1
The Distribution Account. The Trustee, for the benefit of the Investor Certificateholders and each Credit Enhancement Provider (as each’s interests may appear herein or in a related Supplement), shall cause to be established and maintained in the name of the Trust, with an office or branch of a Qualified Institution (other than the Transferor), a segregated trust account (the “Distribution Account”) bearing a designation clearly indicating that the funds deposited therein are held in trust for the benefit of the Investor Certificateholders and each Credit Enhancement Provider (as each’s interests may appear herein or in a related Supplement). The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Distribution Account and in all proceeds thereof. The Distribution Account shall be under the sole dominion and control of the Trustee for the benefit of the Investor Certificateholders and each Credit Enhancement Provider (as each’s interests may appear herein or in a related Supplement).
The Distribution Account. (a) The Indenture Trustee shall establish and maintain in the name of the Securities Intermediary an account (the “Distribution Account”) entitled “Distribution Account, [_________], as Indenture Trustee, in trust for the benefit of the Holders of Structured Asset Securities Corporation Home Equity Loan Trust 20[__]-[__] Home Equity Loan Asset-Backed Notes, Series 20[__]-[__].” The Distribution Account shall be an Eligible Account. If the existing Distribution Account ceases to be an Eligible Account, the Indenture Trustee shall establish a new Distribution Account that is an Eligible Account within 10 Business Days and transfer all funds and investment property on deposit in such existing Distribution Account into such new Distribution Account. The Distribution Account shall relate solely to the Notes issued hereunder and funds in the Distribution Account shall be held separate and apart from and shall not be commingled with any other monies including, without limitation, other monies of the Indenture Trustee held under this Agreement.
The Distribution Account. (a) The Paying Agent shall establish and maintain on behalf of the Certificateholders, the Distribution entitled “Distribution Account, [ ], as Trustee, in trust for Holders of the TBW Mortgage Trust Mortgage Pass-Through Certificates, Series [ ].”
The Distribution Account. (a) The Securities Administrator shall establish and maintain the Distribution Account on behalf of the Certificateholders. The amount remitted by the Servicer to the Master Servicer on each Remittance Date shall be credited to the Distribution Account within two (2) Business Days once the amounts are identified as a remittance in connection with the Trust and reconciled to the reports provided by the Servicer. The Securities Administrator shall establish and maintain the Distribution Account on behalf of the Certificateholders. The Master Servicer shall, promptly upon receipt on the Business Day received, deposit in the Distribution Account and retain therein the following:
The Distribution Account. (a) The Servicer confirms that it has established on behalf of the [Co-Owner] an Eligible Deposit Account (the particulars of which are set forth in Schedule A) in the name of the [Trust], which shall constitute the Distribution Account in respect of the Series 202●-● Ownership Interest (the “Distribution Account”). If a substitute Distribution Account is established pursuant to Section 5.04(f) of the Pooling and Servicing Agreement, the Servicer shall provide to the Custodian an amended Schedule A, setting forth the relevant information relating to the Distribution Account.
The Distribution Account. The Reserve Account and the Distribution Account shall be maintained at the Corporate Trust Office. Subject to the further provisions of this Section 3.01(a), the Trustee shall, upon receipt or upon transfer from another account, as the case may be, deposit into such accounts all amounts received by it which are required to be deposited therein in accordance with the provisions of this Indenture. All such amounts (other than investments made with such amounts, which shall be payable on each Payment Date to the Servicer as additional servicing compensation), shall be held by the Trustee in such accounts as part of the Granted Assets as herein provided, subject to withdrawal by the Trustee in accordance with, and for the purposes specified in the provisions of, this Indenture.
The Distribution Account. The Servicer will establish and maintain the Distribution Account with the Trustee, in the name of the Trustee on behalf of the Noteholders, in which amounts released from the Collection Account for distribution to the Noteholders pursuant to Section 3.03(b) will be deposited and from which distributions to the Noteholders will be made.