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. The Securities Administrator shall establish two separate accounts (the “Pool 1 Final Maturity Reserve Account” and the “Pool 2 Final Maturity Reserve Account”, each a “Final Maturity Reserve Account”). Each 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.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Jpmac 2006-Cw2), Pooling and Servicing Agreement (Jpmac 2006-Cw2)

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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 A-4, Class A-4X and Class A-X Certificates). The Securities Administrator shall establish two separate accounts an account (the “Pool 1 Final Maturity Reserve Account” and the “Pool 2 Final Maturity Reserve Account”, each a “Final Maturity Reserve Account”), into which the Seller shall initially deposit $1,000. Each 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.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Thornburg Mortgage Securities Trust 2005-4)

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 A3 and Class A-X Certificates). The Securities Administrator shall establish two separate accounts an account (the “Pool 1 Final Maturity Reserve Account” and the “Pool 2 Final Maturity Reserve Account”, each a “Final Maturity Reserve Account”), into which the Seller shall initially deposit $1,000. Each 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.

Appears in 1 contract

Samples: Trust Agreement (Thornburg Mortgage Securities Trust 2005-3)

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 A-3 and Class A-X Certificates). The Securities Administrator shall establish two separate accounts an account (the “Pool 1 Final Maturity Reserve Account” and the “Pool 2 Final Maturity Reserve Account”, each a “Final Maturity Reserve Account”). Each 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.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Thornburg Mortgage Securities Trust 2006-1)

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 A-X Certificates). The Securities Administrator shall establish two separate accounts an account (the “Pool 1 Final Maturity Reserve Account” and the “Pool 2 Final Maturity Reserve Account”, each a “Final Maturity Reserve Account”). Each 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.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Thornburg Mortgage Securities Trust 2006-3)

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 A-X-1 and Class A-X-2 Certificates). The Securities Administrator shall establish two separate accounts an account (the “Pool 1 Final Maturity Reserve Account” and the “Pool 2 Final Maturity Reserve Account”, each a “Final Maturity Reserve Account”). Each 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.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Thornburg 2006-2)

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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 X, Class ES and Class R Certificates). The Securities Administrator shall establish two separate accounts an account (the “Pool 1 Final Maturity Reserve Account” and the “Pool 2 Final Maturity Reserve Account”, each a “Final Maturity Reserve Account”). Each 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.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Luminent 2006-5)

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 Certificates) and the Certificate Insurer. The Securities Administrator Trustee shall establish two separate accounts an account (the “Pool 1 Final Maturity Reserve Account” and the “Pool 2 Final Maturity Reserve Account”, each a “Final Maturity Reserve Account”). Each 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.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Harborview 2006-9)

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 X Certificates). The Securities Administrator shall establish two separate accounts an account (the “Pool 1 Final Maturity Reserve Account” and the “Pool 2 Final Maturity Reserve Account”, each a “Final Maturity Reserve Account”). Each 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.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Zuni 2006-Oa1)

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