Common use of Establishment of and Deposits to Custodial Account Clause in Contracts

Establishment of and Deposits to Custodial Account. The Servicer shall segregate and hold all funds collected and received pursuant to the Mortgage Loans separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts, in the form of time deposit or demand accounts, titled “Wxxxx Fargo Bank, N.A. in trust for U.S. Bank National Association, as Trustee for Structured Asset Securities Corporation Mortgage Pass-Through Certificates, Series 2006-BC2.” The Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Funds deposited in the Custodial Account may be drawn on by the Servicer in accordance with Section 3.04. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit B hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer upon request) . The Servicer shall deposit in the Custodial Account within two (2) Business Days of receipt and retain therein, the following collections received by the Servicer and payments made by the Servicer after the Cut-off Date (other than scheduled payments of principal and interest due on or before the Cut-off Date) or the Servicing Transfer Date, as applicable:

Appears in 1 contract

Samples: Subservicing Agreement (Sasco 2006-Bc2)

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Establishment of and Deposits to Custodial Account. The Servicer shall segregate and hold all funds collected and received pursuant to the Mortgage Loans separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts, in the form of time deposit or demand accounts, titled “Wxxxx Xxxxx Fargo Bank, N.A. in trust for U.S. Bank National Association, as Trustee for the Structured Asset Securities Corporation Mortgage PassLoan Trust 2007-Through Certificates, Series 2006-BC2BNC1.” The Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Funds deposited in the Custodial Account may be drawn on by the Servicer in accordance with Section 3.04. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit B hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer upon request) ). The Servicer shall deposit in the Custodial Account within two (2) Business Days of receipt and retain therein, the following collections received by the Servicer and payments made by the Servicer after the Cut-off Date (other than scheduled payments of principal and interest due on or before the Cut-off Date) or the Servicing Transfer Date, as applicable:

Appears in 1 contract

Samples: Securitization Subservicing Agreement (Sasco 2007-Bnc1)

Establishment of and Deposits to Custodial Account. The Servicer shall segregate and hold all funds collected and received pursuant to the Mortgage Loans separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts, in the form of time deposit or demand accounts, titled “Wxxxx Wells Fargo Bank, N.A. in trust for U.S. LaSalle Bank National Association, as Trustee for Structured Asset Securities Securxxxxx Corporation Mortgage PassTrust 2005-Through Certificates, Series 2006-BC2WMC1.” The Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Funds deposited in the Custodial Account may be drawn on by the Servicer in accordance with Section 3.04. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit B hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer Insurer, upon request) . The Servicer shall deposit in the Custodial Account within two one (21) Business Days Day of receipt the Servicer’s receipt, and retain therein, the following collections received by the Servicer and payments made by the Servicer after the Cut-off Date (other than scheduled payments of principal and interest due on or before the Cut-off Date) or the Servicing Transfer Date, as applicable:

Appears in 1 contract

Samples: Subservicing Agreement (SASCO Mortgage Pass-Through Certifidates, Series 2005-Wmc1)

Establishment of and Deposits to Custodial Account. The Servicer shall segregate and hold all funds collected and received pursuant to the Mortgage Loans separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts, in the form of time deposit or demand accounts, titled “Wxxxx Fargo Welxx Xxrgo Bank, N.A. in trust for U.S. Bank National Association, as Trustee for Structured Asset Securities Corporation the BNC Mortgage Pass-Through Certificates, Series Loan Trust 2006-BC22.” The Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Funds deposited in the Custodial Account may be drawn on by the Servicer in accordance with Section 3.04. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit B hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing first Servicing Transfer Date (and to the NIMS Insurer upon request) ). The Servicer shall deposit in the Custodial Account within two (2) Business Days of receipt and retain therein, the following collections received by the Servicer and payments made by the Servicer after the Cut-off Date (other than scheduled payments of principal and interest due on or before the Cut-off Date) or the Servicing Transfer Date, as applicable:

Appears in 1 contract

Samples: Subservicing Agreement (BNC Mortgage Loan Trust 2006-2)

Establishment of and Deposits to Custodial Account. The Servicer shall segregate and hold all funds collected and received pursuant to the Mortgage Loans separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts, in the form of time deposit or demand accounts, titled “Wxxxx Xxxxx Fargo Bank, N.A. in trust for U.S. Bank National Association, as Trustee for the Structured Asset Securities Corporation Mortgage PassLoan Trust 2007-Through Certificates, Series 2006-BC2BC3.” The Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Funds deposited in the Custodial Account may be drawn on by the Servicer in accordance with Section 3.04. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit B hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing first Servicing Transfer Date (and to the NIMS Insurer upon request) ). The Servicer shall deposit in the Custodial Account within two (2) Business Days of receipt and retain therein, the following collections received by the Servicer and payments made by the Servicer after the Cut-off Date (other than scheduled payments of principal and interest due on or before the Cut-off Date) or the Servicing Transfer Date, as applicable:

Appears in 1 contract

Samples: Subservicing Agreement (Structured Asset Securities CORP Mortgage Loan Trust 2007-Bc3)

Establishment of and Deposits to Custodial Account. The Servicer shall segregate and hold all funds collected and received pursuant to the Mortgage Loans separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts, in the form of time deposit or demand accounts, titled “Wxxxx Xxxxx Fargo Bank, N.A. in trust for U.S. Bank National Association, as Trustee for Structured Asset Securities Corporation Mortgage PassInvestment Loan Trust, 2005-Through Certificates, Series 2006-BC211.” The Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Funds deposited in the Custodial Account may be drawn on by the Servicer in accordance with Section 3.04. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit B hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer upon request) . The Servicer shall deposit in the Custodial Account within two one (21) Business Days Day of receipt the Servicer’s receipt, and retain therein, the following collections received by the Servicer and payments made by the Servicer after the Cut-off Date (other than scheduled payments of principal and interest due on or before the Cut-off Date) or the Servicing Transfer Date, as applicable:

Appears in 1 contract

Samples: Subservicing Agreement (Structured Asset Investment Loan Trust 2005-11)

Establishment of and Deposits to Custodial Account. The Servicer shall segregate and hold all funds collected and received pursuant to the Mortgage Loans separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts, in the form of time deposit or demand accounts, titled “Wxxxx Xxxxx Fargo Bank, N.A. in trust for U.S. Bank National Association, as Trustee for Structured Asset Securities Corporation Mortgage PassInvestment Loan Trust, 2005-Through Certificates, Series 2006-BC28.” The Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Funds deposited in the Custodial Account may be drawn on by the Servicer in accordance with Section 3.04. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit B hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer upon request) . The Servicer shall deposit in the Custodial Account within two one (21) Business Days Day of receipt the Servicer’s receipt, and retain therein, the following collections received by the Servicer and payments made by the Servicer after the Cut-off Date (other than scheduled payments of principal and interest due on or before the Cut-off Date) or the Servicing Transfer Date, as applicable:

Appears in 1 contract

Samples: Subservicing Agreement (Structured Asset Investment Loan Trust 2005-8)

Establishment of and Deposits to Custodial Account. The Servicer shall segregate and hold all funds collected and received pursuant to the Mortgage Loans separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts, in the form of time deposit or demand accounts, titled “Wxxxx Xxxxx Fargo Bank, N.A. in trust for U.S. Bank National Association, as Trustee for Structured Asset Securities Corporation Mortgage Pass-Through Certificates, Series Loan Trust 2006-BC2BC1.” The Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Funds deposited in the Custodial Account may be drawn on by the Servicer in accordance with Section 3.04. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit B hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer upon request) . The Servicer shall deposit in the Custodial Account within two (2) Business Days of receipt and retain therein, the following collections received by the Servicer and payments made by the Servicer after the Cut-off Date (other than scheduled payments of principal and interest due on or before the Cut-off Date) or the Servicing Transfer Date, as applicable:

Appears in 1 contract

Samples: Subservicing Agreement (Sasco 2006-Bc1)

Establishment of and Deposits to Custodial Account. The Servicer shall segregate and hold all funds collected and received pursuant to the Mortgage Loans separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts, in the form of time deposit or demand accounts, titled “Wxxxx Xxxxx Fargo Bank, N.A. in trust for U.S. Bank National Association, as Trustee for Structured Asset Securities Corporation the BNC Mortgage PassLoan Trust 2007-Through Certificates, Series 2006-BC21.” The Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Funds deposited in the Custodial Account may be drawn on by the Servicer in accordance with Section 3.04. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit B hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer upon request) ). The Servicer shall deposit in the Custodial Account within two (2) Business Days of receipt and retain therein, the following collections received by the Servicer and payments made by the Servicer after the Cut-off Date (other than scheduled payments of principal and interest due on or before the Cut-off Date) or the Servicing Transfer Date, as applicable:

Appears in 1 contract

Samples: Securitization Subservicing Agreement (BNC Mortgage Loan Trust 2007-1)

Establishment of and Deposits to Custodial Account. The Servicer shall segregate and hold all funds collected and received pursuant to the Mortgage Loans separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts, in the form of time deposit or demand accounts, titled “Wxxxx Fargo Bank, N.A. in trust for U.S. Bank National Association, as Trustee for Structured Asset Securities Corporation Mortgage Passthe SASCO 2007-Through Certificates, Series 2006-BC2EQ1.” The Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Funds deposited in the Custodial Account may be drawn on by the Servicer in accordance with Section 3.04. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit B hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing first Servicing Transfer Date (and to the NIMS Insurer upon request) ). The Servicer shall deposit in the Custodial Account within two (2) Business Days of receipt and retain therein, the following collections received by the Servicer and payments made by the Servicer after the Cut-off Date (other than scheduled payments of principal and interest due on or before the Cut-off Date) or the Servicing Transfer Date, as applicable:

Appears in 1 contract

Samples: Subservicing Agreement (Sasco 2007-Eq1)

Establishment of and Deposits to Custodial Account. The Servicer shall segregate and hold all funds collected and received pursuant to the Mortgage Loans separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts, in the form of time deposit or demand accounts, titled “Wxxxx Xxxxx Fargo Bank, N.A. in trust for U.S. Bank National Association, as Trustee for Structured Asset Securities Corporation Mortgage Pass-Through CertificatesInvestment Loan Trust, Series 2006-BC24.” The Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Funds deposited in the Custodial Account may be drawn on by the Servicer in accordance with Section 3.04. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit B hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer upon request) ). The Servicer shall deposit in the Custodial Account within two (2) Business Days of receipt and retain therein, the following collections received by the Servicer and payments made by the Servicer after the Cut-off Date (other than scheduled payments of principal and interest due on or before the Cut-off Date) or the Servicing Transfer Date, as applicable:

Appears in 1 contract

Samples: Subservicing Agreement (Structured Asset Investment Loan Trust 2006-4)

Establishment of and Deposits to Custodial Account. The Servicer shall segregate and hold all funds collected and received pursuant to the Mortgage Loans separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts, in the form of time deposit or demand accounts, titled “Wxxxx Xxxxx Fargo Bank, N.A. in trust for U.S. Bank National Association, as Trustee for Structured Asset Securities Corporation Mortgage PassCorporation, 2005-Through Certificates, Series 2006-BC2AR1.” The Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Funds deposited in the Custodial Account may be drawn on by the Servicer in accordance with Section 3.04. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit B hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer upon request) . The Servicer shall deposit in the Custodial Account within two one (21) Business Days Day of receipt the Servicer’s receipt, and retain therein, the following collections received by the Servicer and payments made by the Servicer after the Cut-off Date (other than scheduled payments of principal and interest due on or before the Cut-off Date) or the Servicing Transfer Date, as applicable:

Appears in 1 contract

Samples: Subservicing Agreement (Structured Asset Securities Corp 2005-Ar1)

Establishment of and Deposits to Custodial Account. The Servicer shall segregate and hold all funds collected and received pursuant to the Mortgage Loans separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts, in the form of time deposit or demand accounts, titled “Wxxxx Xxxxx Fargo Bank, N.A. in trust for U.S. Bank National Association, as Trustee for Structured Asset Securities Corporation Mortgage Pass-Through CertificatesLoan Trust, Series 2006-BC2AM1.” The Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Funds deposited in the Custodial Account may be drawn on by the Servicer in accordance with Section 3.04. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit B hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer upon request) ). The Servicer shall deposit in the Custodial Account within two (2) Business Days of receipt and retain therein, the following collections received by the Servicer and payments made by the Servicer after the Cut-off Date (other than scheduled payments of principal and interest due on or before the Cut-off Date) or the Servicing Transfer Date, as applicable:

Appears in 1 contract

Samples: Subservicing Agreement (Sasco 2006-Am1)

Establishment of and Deposits to Custodial Account. The Servicer shall segregate and hold all funds collected and received pursuant to the Mortgage Loans separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts, in the form of time deposit or demand accounts, titled “Wxxxx Xxxxx Fargo Bank, N.A. in trust for U.S. Bank National Association, as Trustee for Structured Asset Securities Corporation Mortgage Pass-Through CertificatesLoan Trust, Series 2006-BC2NC1.” The Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Funds deposited in the Custodial Account may be drawn on by the Servicer in accordance with Section 3.04. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit B hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer upon request) . The Servicer shall deposit in the Custodial Account within two (2) Business Days of receipt and retain therein, the following collections received by the Servicer and payments made by the Servicer after the Cut-off Date (other than scheduled payments of principal and interest due on or before the Cut-off Date) or the Servicing Transfer Date, as applicable:

Appears in 1 contract

Samples: Subservicing Agreement (Sasco 2006-Nc1)

Establishment of and Deposits to Custodial Account. The Servicer shall segregate and hold all funds collected and received pursuant to the Mortgage Loans separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts, in the form of time deposit or demand accounts, titled “Wxxxx Xxxxx Fargo Bank, N.A. in trust for U.S. Bank National Association, as Trustee for Structured Asset Securities Corporation Mortgage PassInvestment Loan Trust, 2005-Through Certificates, Series 2006-BC210.” The Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Funds deposited in the Custodial Account may be drawn on by the Servicer in accordance with Section 3.04. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit B hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer upon request) . The Servicer shall deposit in the Custodial Account within two one (21) Business Days Day of receipt the Servicer’s receipt, and retain therein, the following collections received by the Servicer and payments made by the Servicer after the Cut-off Date (other than scheduled payments of principal and interest due on or before the Cut-off Date) or the Servicing Transfer Date, as applicable:

Appears in 1 contract

Samples: Subservicing Agreement (Structured Asset Investment Loan Trust 2005-10)

Establishment of and Deposits to Custodial Account. The Servicer shall segregate and hold all funds collected and received pursuant to the Mortgage Loans separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts, in the form of time deposit or demand accounts, titled “Wxxxx Xxxxx Fargo Bank, N.A. in trust for U.S. Bank National Association, as Trustee for Structured Asset Securities Corporation Mortgage Pass-Through CertificatesInvestment Loan Trust, Series 2006-BC21.” The Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Funds deposited in the Custodial Account may be drawn on by the Servicer in accordance with Section 3.04. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit B hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer upon request) . The Servicer shall deposit in the Custodial Account within two (2) Business Days of receipt and retain therein, the following collections received by the Servicer and payments made by the Servicer after the Cut-off Date (other than scheduled payments of principal and interest due on or before the Cut-off Date) or the Servicing Transfer Date, as applicable:

Appears in 1 contract

Samples: Subservicing Agreement (Structured Asset Investment Loan Trust 2006-1)

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Establishment of and Deposits to Custodial Account. The Servicer shall segregate and hold all funds collected and received pursuant to the Mortgage Loans separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts, in the form of time deposit or demand accounts, titled “Wxxxx Xxxxx Fargo Bank, N.A. in trust for U.S. Bank National Association, as Trustee for Structured Asset Securities Corporation Mortgage PassInvestment Loan Trust, 2005-Through Certificates, Series 2006-BC24.” The Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Funds deposited in the Custodial Account may be drawn on by the Servicer in accordance with Section 3.04. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit B hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer upon request) . The Servicer shall deposit in the Custodial Account within two one (21) Business Days Day of receipt the Servicer’s receipt, and retain therein, the following collections received by the Servicer and payments made by the Servicer after the Cut-off Date (other than scheduled payments of principal and interest due on or before the Cut-off Date) or the Servicing Transfer Date, as applicable:

Appears in 1 contract

Samples: Subservicing Agreement (Structured Asset Investment Loan Trust 2005-4)

Establishment of and Deposits to Custodial Account. The Servicer shall segregate and hold all funds collected and received pursuant to the Mortgage Loans separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts, in the form of time deposit or demand accounts, titled “Wxxxx Xxxxx Fargo Bank, N.A. in trust for U.S. Bank National Association, as Trustee for Structured Asset Securities Corporation Mortgage Pass-Through CertificatesInvestment Loan Trust, Series 2006-BC2BNC2.” The Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Funds deposited in the Custodial Account may be drawn on by the Servicer in accordance with Section 3.04. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit B hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer upon request) . The Servicer shall deposit in the Custodial Account within two (2) Business Days of receipt and retain therein, the following collections received by the Servicer and payments made by the Servicer after the Cut-off Date (other than scheduled payments of principal and interest due on or before the Cut-off Date) or the Servicing Transfer Date, as applicable:

Appears in 1 contract

Samples: Securitization Subservicing Agreement (Sail 2006-Bnc2)

Establishment of and Deposits to Custodial Account. The Servicer shall segregate and hold all funds collected and received pursuant to the Mortgage Loans separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts, in the form of time deposit or demand accounts, titled “Wxxxx Xxxxx Fargo Bank, N.A. in trust for U.S. Bank National Association, as Trustee for Structured Asset Securities Corporation Mortgage PassInvestment Loan Trust, 2005-Through Certificates, Series 2006-BC2HE3.” The Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Funds deposited in the Custodial Account may be drawn on by the Servicer in accordance with Section 3.04. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit B hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer upon request) . The Servicer shall deposit in the Custodial Account within two one (21) Business Days Day of receipt the Servicer’s receipt, and retain therein, the following collections received by the Servicer and payments made by the Servicer after the Cut-off Date (other than scheduled payments of principal and interest due on or before the Cut-off Date) or the Servicing Transfer Date, as applicable:

Appears in 1 contract

Samples: Subservicing Agreement (Structured Asset Investment Loan Trust 2005-He3)

Establishment of and Deposits to Custodial Account. The Servicer shall segregate and hold all funds collected and received pursuant to the Mortgage Loans separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts, in the form of time deposit or demand accounts, titled “Wxxxx Xxxxx Fargo Bank, N.A. in trust for U.S. Bank National Association, as Trustee for Structured Asset Securities Corporation Mortgage Pass-Through Certificates, Series 2006-BC2BC5.” The Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Funds deposited in the Custodial Account may be drawn on by the Servicer in accordance with Section 3.04. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit B hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer upon request) . The Servicer shall deposit in the Custodial Account within two (2) Business Days of receipt and retain therein, the following collections received by the Servicer and payments made by the Servicer after the Cut-off Date (other than scheduled payments of principal and interest due on or before the Cut-off Date) or the Servicing Transfer Date, as applicable:

Appears in 1 contract

Samples: Subservicing Agreement (Structured Asset Securities CORP Mortgage Loan Trust 2006-Bc5)

Establishment of and Deposits to Custodial Account. The Servicer shall segregate and hold all funds collected and received pursuant to the Mortgage Loans separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts, in the form of time deposit or demand accounts, titled “Wxxxx Xxxxx Fargo Bank, N.A. in trust for U.S. Bank National Association, as Trustee for Structured Asset Securities Corporation Mortgage Pass-Through CertificatesInvestment Loan Trust, Series 2006-BC2BNC3.” The Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Funds deposited in the Custodial Account may be drawn on by the Servicer in accordance with Section 3.04. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit B hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing first Servicing Transfer Date (and to the NIMS Insurer upon request) ). The Servicer shall deposit in the Custodial Account within two (2) Business Days of receipt and retain therein, the following collections received by the Servicer and payments made by the Servicer after the Cut-off Date (other than scheduled payments of principal and interest due on or before the Cut-off Date) or the Servicing Transfer Date, as applicable:

Appears in 1 contract

Samples: Subservicing Agreement (Sail 2006-Bnc3)

Establishment of and Deposits to Custodial Account. The Servicer shall segregate and hold all funds collected and received pursuant to the Mortgage Loans separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts, in the form of time deposit or demand accounts, titled “Wxxxx Fargo Bank, N.A. in trust for U.S. Bank National Association, as Trustee for Structured Asset Securities Corporation Mortgage Pass-Through Certificates, Series 2006-BC2BC3.” The Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Funds deposited in the Custodial Account may be drawn on by the Servicer in accordance with Section 3.04. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit B hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer upon request) . The Servicer shall deposit in the Custodial Account within two (2) Business Days of receipt and retain therein, the following collections received by the Servicer and payments made by the Servicer after the Cut-off Date (other than scheduled payments of principal and interest due on or before the Cut-off Date) or the Servicing Transfer Date, as applicable:

Appears in 1 contract

Samples: Subservicing Agreement (Sasco 2006-Bc3)

Establishment of and Deposits to Custodial Account. The Servicer shall segregate and hold all funds collected and received pursuant to the Mortgage Loans separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts, in the form of time deposit or demand accounts, titled “Wxxxx Xxxxx Fargo Bank, N.A. in trust for U.S. Bank National Association, as Trustee for Structured Asset Securities Corporation Mortgage PassInvestment Loan Trust, 2005-Through Certificates, Series 2006-BC29.” The Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Funds deposited in the Custodial Account may be drawn on by the Servicer in accordance with Section 3.04. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit B hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer upon request) . The Servicer shall deposit in the Custodial Account within two one (21) Business Days Day of receipt the Servicer’s receipt, and retain therein, the following collections received by the Servicer and payments made by the Servicer after the Cut-off Date (other than scheduled payments of principal and interest due on or before the Cut-off Date) or the Servicing Transfer Date, as applicable:

Appears in 1 contract

Samples: Subservicing Agreement (Structured Asset Investment Loan Trust 2005-9)

Establishment of and Deposits to Custodial Account. The Servicer shall segregate and hold all funds collected and received pursuant to the Mortgage Loans separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts, in the form of time deposit or demand accounts, titled “Wxxxx Xxxxx Fargo Bank, N.A. in trust for U.S. Bank National Association, as Trustee for Structured Asset Securities Corporation the BNC Mortgage Pass-Through Certificates, Series Loan Trust 2006-BC21.” The Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Funds deposited in the Custodial Account may be drawn on by the Servicer in accordance with Section 3.04. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit B hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing first Servicing Transfer Date (and to the NIMS Insurer upon request) ). The Servicer shall deposit in the Custodial Account within two (2) Business Days of receipt and retain therein, the following collections received by the Servicer and payments made by the Servicer after the Cut-off Date (other than scheduled payments of principal and interest due on or before the Cut-off Date) or the Servicing Transfer Date, as applicable:

Appears in 1 contract

Samples: Subservicing Agreement (BNC Mortgage Loan Trust 2006-1)

Establishment of and Deposits to Custodial Account. The Servicer shall segregate and hold all funds collected and received pursuant to the Mortgage Loans separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts, in the form of time deposit or demand accounts, titled “Wxxxx Xxxxx Fargo Bank, N.A. in trust for U.S. Bank National Association, as Trustee for Structured Asset Securities Corporation Mortgage PassInvestment Loan Trust, 2005-Through Certificates, Series 2006-BC2HE2.” The Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Funds deposited in the Custodial Account may be drawn on by the Servicer in accordance with Section 3.04. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit B hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer upon request) . The Servicer shall deposit in the Custodial Account within two one (21) Business Days Day of receipt the Servicer’s receipt, and retain therein, the following collections received by the Servicer and payments made by the Servicer after the Cut-off Date (other than scheduled payments of principal and interest due on or before the Cut-off Date) or the Servicing Transfer Date, as applicable:

Appears in 1 contract

Samples: Subservicing Agreement (Structured Asset Investment Loan Trust 2005-He2)

Establishment of and Deposits to Custodial Account. The Servicer shall segregate and hold all funds collected and received pursuant to the Mortgage Loans separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts, in the form of time deposit or demand accounts, titled “Wxxxx Xxxxx Fargo Bank, N.A. in trust for U.S. Bank National Association, as Trustee for Structured Asset Securities Corporation Mortgage PassCorporation, 2005-Through Certificates, Series 2006-BC2RMS1.” The Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Funds deposited in the Custodial Account may be drawn on by the Servicer in accordance with Section 3.04. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit B hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer upon request) . The Servicer shall deposit in the Custodial Account within two one (21) Business Days Day of receipt the Servicer’s receipt, and retain therein, the following collections received by the Servicer and payments made by the Servicer after the Cut-off Date (other than scheduled payments of principal and interest due on or before the Cut-off Date) or the Servicing Transfer Date, as applicable:

Appears in 1 contract

Samples: Securitization Subservicing Agreement (Structured Asset Securities Corp. 2005-Rms1)

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