Trust Accounts; Distributions Sample Clauses

Trust Accounts; Distributions. (a) On or prior to the Closing Date, the Issuer shall cause the Servicer to establish and maintain, in the name of the Indenture Trustee for the benefit of the Noteholders, or on behalf of the Owner Trustee for the benefit of the Securityholders, the Trust Accounts as provided in the Sale and Servicing Agreement. The Servicer shall deposit amounts into each of the Trust Accounts in accordance with the terms hereof, the Sale and Servicing Agreement and the Payment Statements.
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Trust Accounts; Distributions. Statements to Noteholders -------------------------
Trust Accounts; Distributions. On or prior to the Closing Date, the Issuer shall cause the Servicer to establish and maintain, in the name of the Indenture Trustee for the benefit of the Noteholders, or the Co-Owner Trustee for the benefit of the Residual Interestholders, the Trust Accounts as provided in Article V of the Sale and Servicing Agreement. The Indenture Trustee or Co-Owner Trustee shall deposit amounts into each of the Trust Accounts in accordance with the terms hereof, the Sale and Servicing Agreement and the Servicer's Monthly Remittance Report.
Trust Accounts; Distributions. Section 8.03. General Provisions Regarding Accounts Section 8.04. Servicer's Monthly Statements Section 8.05. Release of Collateral Section 8.06.
Trust Accounts; Distributions. 20 SECTION 5.1. Establishment of Trust Accounts........................................20 SECTION 5.2. Certain Reimbursements to the Servicer.................................22 SECTION 5.3. Application of Collections.............................................23 SECTION 5.4. Additional Deposits....................................................23 Table of Contents (continued) ARTICLE VI The Sellers.....................................................................32
Trust Accounts; Distributions. (a) On or before the issuance of the Certificates, Xxxxxx Mae shall either (i) open with an Eligible Depository one or more trust accounts in the name of the Trustee of Upper Tier REMIC I that shall collectively be “Trust Account I,” (ii) in lieu of maintaining any such account or accounts, maintain Trust Account I by means of appropriate entries on its books and records designating all amounts credited thereto in respect of the Lower Tier Regular Classes and all investments of any such amounts as being held by it in its capacity as Trustee for the benefit of the Holders of the Upper Tier REMIC I Certificates or (iii) maintain Trust Account I in the form of any combination of accounts or book entries described in clauses (i) and (ii) above. Any manner or manners in which Trust Account I is maintained may at any time be changed without notice to, or the approval of, Holders of the Upper Tier REMIC I Certificates so long as funds held in Upper Tier REMIC I by, or for the account of, the Trustee shall at all times be identified. To the extent that Trust Account I is maintained by the Trustee in the manner provided for in clause (ii) above, all references herein to deposits and withdrawals from Trust Account I shall be deemed to refer to credits and debits to the related books of the Trustee. Xxxxxx Xxx shall deposit in Trust Account I all distributions on the Lower Tier Regular Classes received by it as Trustee of Upper Tier REMIC I hereunder. All distributions on the Lower Tier Regular Classes deposited from time to time in Trust Account I, all investments made with such moneys, including all income or other gain from such investments, shall be held by the Trustee in Trust Account I as part of Upper Tier REMIC I as herein provided, subject to withdrawal by Xxxxxx Mae for the purposes set forth in Section 4.05.
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Trust Accounts; Distributions. (a) On or prior to the Closing Date, the Issuer shall cause the Servicer to establish and maintain, in the name of the Indenture Trustee for the benefit of the Noteholders, or the Co-Owner Trustee for the benefit of the Certificateholders, the Trust Accounts as provided in ARTICLE V of the Sale and Servicing Agreement. The Indenture Trustee or Co-Owner Trustee shall deposit amounts into the Trust Accounts in accordance with the terms hereof, the Sale and Servicing Agreement and the Servicer's Monthly Remittance Report. (b) On or before the third Business Day prior to each Distribution Date, the Indenture Trustee shall withdraw from the Collection Account, the Pre-Funding Account, the Capitalized Interest Account and the Reserve Account, as applicable, the Available Collection Amount and the Reserve Account Withdrawal Amount, if any, with respect to the preceding Due Period pursuant to Section 5.01(b)(2) of the Sale and Servicing Agreement and will deposit such amount into the Note Distribution Account. No later than the second Business Day prior to each Distribution Date, to the extent funds are available in the Note Distribution Account, the Indenture Trustee shall either retain funds in the Note Distribution Account or make the withdrawals from the Note Distribution Account and deposits into the other Trust Accounts for distribution on such Distribution Date as required pursuant to Section 5.01(c) of the Sale and Servicing Agreement. (c) On each Distribution Date and Redemption Date, to the extent funds are available in the Note Distribution Account, the Indenture Trustee shall make the following distributions from the amounts on deposit in the Note Distribution Account in the following order of priority (except as otherwise provided in Section 5.4(b)):
Trust Accounts; Distributions. On or before the issuance of the Certificates, Xxxxxx Xxx shall either (i) open with an Eligible Depository one or more trust accounts in the name of the Trustee of the Trust Fund that shall collectively be the “Trust Account,” (ii) in lieu of maintaining any such account or accounts, maintain the Trust Account by means of appropriate entries on its books and records designating all amounts credited thereto in respect of the Lower Tier Regular Classes and all investments of any such amounts as being held by it in its capacity as Trustee for the benefit of the Holders of the Trust Fund Certificates or
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