Common use of The Final Maturity Reserve Trust Clause in Contracts

The Final Maturity Reserve Trust. (a) The Final Maturity Reserve Trust is hereby established as a separate trust, the corpus of which shall be held by the Securities Administrator, in trust, for the benefit of the holders of the Certificates (other than the Class P, Class ES and Class R Certificates). The Securities Administrator shall establish an account (the “Final Maturity Reserve Account”). The Final Maturity Reserve Account shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Securities Administrator held pursuant to this Agreement. Notwithstanding anything herein to the contrary, the Securities Administrator will only establish the Final Maturity Reserve Account if there is any Group 1 Final Maturity Reserve Amount or Group 2 Final Maturity Reserve Amount to be deposited therein.

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (HarborView 2007-4), Pooling and Servicing Agreement (HarborView 2007-6), Pooling and Servicing Agreement (HarborView 2007-7)

AutoNDA by SimpleDocs

The Final Maturity Reserve Trust. (a) The Final Maturity Reserve Trust is hereby established as a separate trust, the corpus of which shall be held by the Securities AdministratorTrustee, in trust, for the benefit of the holders of the Certificates (other than the Class P, Class ES P and Class R Certificates)) and the Certificate Insurer. The Securities Administrator Trustee shall establish an account (the “Final Maturity Reserve Account”). The Final Maturity Reserve Account shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Securities Administrator Trustee held pursuant to this Agreement. Notwithstanding anything herein to the contrary, the Securities Administrator Trustee will only establish the Final Maturity Reserve Account if there is any Group 1 Final Maturity Reserve Amount or Group 2 Final Maturity Reserve Amount to be deposited therein.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (HarborView 2007-1), Pooling and Servicing Agreement (HarborView 2006-12)

The Final Maturity Reserve Trust. (a) The Final Maturity Reserve Trust is hereby established as a separate trust, the corpus of which shall be held by the Securities AdministratorTrustee, in trust, for the benefit of the holders of the Certificates (other than the Class PES, Class ES P and Class R Certificates)) and the Certificate Insurer. The Securities Administrator Trustee shall establish an account (the “Final Maturity Reserve Account”). The Final Maturity Reserve Account shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Securities Administrator Trustee held pursuant to this Agreement. Notwithstanding anything herein to the contrary, the Securities Administrator Trustee will only establish the Final Maturity Reserve Account if there is any Group 1 Final Maturity Reserve Amount or Group 2 Final Maturity Reserve Amount to be deposited therein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (HarborView 2006-10)

The Final Maturity Reserve Trust. (a) The Final Maturity Reserve Trust is hereby established as a separate trust, the corpus of which shall be held by the Securities AdministratorTrustee, in trust, for the benefit of the holders of the Certificates (other than the Class PES, Class ES P and Class R Certificates). The Securities Administrator Trustee shall establish an account (the “Final Maturity Reserve Account”). The Final Maturity Reserve Account shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Securities Administrator Trustee held pursuant to this Agreement. Notwithstanding anything herein to the contrary, the Securities Administrator Trustee will only establish the Final Maturity Reserve Account if there is any Group 1 Final Maturity Reserve Amount or Group 2 Final Maturity Reserve Amount to be deposited therein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (HarborView 2007-3)

The Final Maturity Reserve Trust. (a) The Final Maturity Reserve Trust is hereby established as a separate trust, the corpus of which shall be held by the Securities Administrator, in trust, for the benefit of the holders of the Certificates (other than the Class P, Class ES and Class R P Certificates). The Securities Administrator shall establish an account (the “Final Maturity Reserve Account”). The Final Maturity Reserve Account shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Securities Administrator held pursuant to this Agreement. Notwithstanding anything herein to the contrary, the Securities Administrator will only establish the Final Maturity Reserve Account if there is any Group 1 Final Maturity Reserve Amount or Group 2 Final Maturity Reserve Amount to be deposited therein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Harborview 2006-8)

The Final Maturity Reserve Trust. (a) The Final Maturity Reserve Trust is hereby established as a separate trust, the corpus of which shall be held by the Securities Administrator, in trust, for the benefit of the holders of the Certificates (other than the Class P, Class ES ES, Class R and Class LT-R Certificates). The Securities Administrator shall establish an account (the “Final Maturity Reserve Account”). The Final Maturity Reserve Account shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Securities Administrator held pursuant to this Agreement. Notwithstanding anything herein to the contrary, the Securities Administrator will only establish the Final Maturity Reserve Account if there is any Group 1 Final Maturity Reserve Amount or Group 2 Final Maturity Reserve Amount to be deposited therein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (HarborView 2007-7)

AutoNDA by SimpleDocs

The Final Maturity Reserve Trust. (a) The Final Maturity Reserve Trust is hereby established as a separate trust, the corpus of which shall be held by the Securities Administrator, in trust, for the benefit of the holders of the Certificates (other than the Class P, Class ES P and Class R Certificates)) and the Certificate Insurer. The Securities Administrator shall establish an account (the “Final Maturity Reserve Account”). The Final Maturity Reserve Account shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Securities Administrator held pursuant to this Agreement. Notwithstanding anything herein to the contrary, the Securities Administrator will only establish the Final Maturity Reserve Account if there is any Group 1 I Final Maturity Reserve Amount or Group 2 II Final Maturity Reserve Amount to be deposited therein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Dsla 2007-Ar1)

The Final Maturity Reserve Trust. (a) The Final Maturity Reserve Trust is hereby established as a separate trust, the corpus of which shall be held by the Securities Administrator, in trust, for the benefit of the holders of the Certificates (other than the Class PES, Class ES P and Class R Certificates)) and the Certificate Insurer. The Securities Administrator shall establish an account (the “Final Maturity Reserve Account”). The Final Maturity Reserve Account shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Securities Administrator held pursuant to this Agreement. Notwithstanding anything herein to the contrary, the Securities Administrator will only establish the Final Maturity Reserve Account if there is any Group 1 I Final Maturity Reserve Amount or Group 2 II Final Maturity Reserve Amount to be deposited therein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (HarborView 2006-14)

The Final Maturity Reserve Trust. (a) The Final Maturity Reserve Trust is hereby established as a separate trust, the corpus of which shall be held by the Securities Administrator, in trust, for the benefit of the holders of the Certificates (other than the Class P, Class ES R and Class LT-R Certificates)) and the Certificate Insurer. The Securities Administrator shall establish an account (the “Final Maturity Reserve Account”). The Final Maturity Reserve Account shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Securities Administrator held pursuant to this Agreement. Notwithstanding anything herein to the contrary, the Securities Administrator will only establish the Final Maturity Reserve Account if there is any Group 1 I Final Maturity Reserve Amount or Group 2 II Final Maturity Reserve Amount to be deposited therein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (HarborView 2007-2)

Time is Money Join Law Insider Premium to draft better contracts faster.