Interest Coverage Account. (a) No later than the Closing Date, the Trustee shall establish and maintain a segregated trust account that is an Eligible Account, which shall be titled "Interest Coverage Account, ____________________, as Trustee for the registered holders of Long Beach Securities Corp., [__] Floating Rate Mortgage Pass-Through Certificates, Series ____-___" (the "Interest Coverage Account"). The Trustee shall, promptly upon receipt, deposit in the Interest Coverage Account and retain therein the Interest Coverage Amount remitted on the Closing Date to the Trustee by the Depositor. Funds deposited in the Interest Coverage Account shall be held in trust by the Trustee for the Certificateholders for the uses and purposes set forth herein.
Interest Coverage Account. (a) No later than the Closing Date, the Trustee shall establish and maintain a segregated trust account that is an Eligible Account, which shall be titled "Interest Coverage Account, Wells Fargo Bank Minnesota, N.A., as xxxxtee for the registered holders of Option One Mortgage Loan Trust 2000-3, Asset-Backed Certificates, Series 2000-3" (the "Interest Coverage Account"). The Trustee shall, promptly upon receipt, deposit in the Interest Coverage Account and retain therein the Interest Coverage Amount remitted on the Closing Date to the Trustee by the Depositor. Funds deposited in the Interest Coverage Account shall be held in trust by the Trustee for the Certificateholders for the uses and purposes set forth herein.
Interest Coverage Account. (a) No later than the Closing Date, the Paying Agent shall establish and maintain a segregated trust account or a sub account of a trust account, which shall be titled "Interest Coverage Account, Xxxxx Fargo Bank, National Association as trustee f/b/o holders of Structured Asset Mortgage Investments II Inc., Bear Xxxxxxx Mortgage Funding Trust 2007-AR4, Mortgage Pass-Through Certificates, Series 2007-AR4 - Interest Coverage Account". The Interest Coverage Account shall be an Eligible Account or a sub account of an Eligible Account. The Paying Agent shall, promptly upon receipt, deposit in the Interest Coverage Account and retain therein the Interest Coverage Amount remitted on the Closing Date to the Paying Agent by the Depositor and all income and gain realized from investment of funds deposited in the Pre-Funding Account pursuant to Section 4.10(b). Funds deposited in the Interest Coverage Account shall be held in trust by the Paying Agent for the Certificateholders for the uses and purposes set forth herein.
Interest Coverage Account. (a) No later than the Closing Date, the Trustee shall establish and maintain a segregated trust account or a sub-account of a trust account, which shall be titled “Interest Coverage Account, Deutsche Bank National Trust Company, as trustee for the benefit of holders of Impac Secured Assets Corp., Mortgage Pass-Through Certificates, Series 2007-3” (the “Interest Coverage Account”). The Interest Coverage Account shall be an Eligible Account or a sub-account of an Eligible Account. The Trustee shall, promptly upon receipt, deposit in the Interest Coverage Account and retain therein the Initial Interest Coverage Deposit remitted on the Closing Date to the Trustee by the Depositor and all income and gain realized from investment of funds on deposit in the Pre-Funding Account pursuant to Section 4.14(b). Funds deposited in the Interest Coverage Account shall be held in trust by the Trustee for the Certificateholders and the Certificate Insurer for the uses and purposes set forth herein.
Interest Coverage Account. (a) No later than the Closing Date, the Securities Administrator shall establish and maintain a segregated trust account or a sub account of a trust account, which shall be titled “Interest Coverage Account, LaSalle Bank National Association as securities administrator on behalf of Citibank, N.A., as Trustee for the benefit of holders of SACO I Trust 2005-7, Mortgage-Backed Certificates, Series 2005-7” (the “Interest Coverage Account”). The Interest Coverage Account shall be an Eligible Account or a sub account of an Eligible Account. The Securities Administrator shall, promptly upon receipt, deposit in the Interest Coverage Account and retain therein the Initial Interest Coverage Deposit for the Mortgage Loans remitted on the Closing Date to the Securities Administrator by the Depositor and all income and gain realized from investment of funds deposited in the Pre-Funding Account pursuant to Section 4.06(b). Funds deposited in the Interest Coverage Account shall be held in trust by the Securities Administrator for the Certificateholders for the uses and purposes set forth herein.
Interest Coverage Account. (a) No later than the Closing Date, the Trustee will establish and maintain, pursuant to the Pooling and Servicing Agreement the Interest Coverage Account. On the Closing Date, the Seller will deposit in the Interest Coverage Account the Interest Coverage Amount from the net proceeds of the sale of the Underwritten Certificates.
Interest Coverage Account. 105 ARTICLE V THE CERTIFICATES 5.01. The Certificates..............................................................................106 5.02. Registration of Transfer and Exchange of Certificates.........................................108 5.03. Mutilated, Destroyed, Lost or Stolen Certificates.............................................112 5.04. Persons Deemed Owners.........................................................................113 5.05. Certain Available Information.................................................................113 SECTION PAGE ------- ----
Interest Coverage Account. (a) No later than the Closing Date, the Indenture Trustee shall establish and maintain on behalf of itself one or more segregated trust accounts, which shall be Eligible Accounts, titled "Interest Coverage Account, Bankers Trust Company of California, N.A., as indenture trustee for the registered holders of PacificAmerica Home Equity Loan Asset Trust Series 1997-1" (the "Interest Coverage Account"). The Indenture Trustee shall, promptly upon receipt, deposit in the Interest Coverage Account and retain therein the Interest Coverage Amount remitted on the Closing Date to the Indenture Trustee by the Issuer. In addition, the Indenture Trustee shall deposit into the Interest Coverage Account all income and gain on investments in the Pre-Funding Account pursuant to Section 2.4. Funds deposited in the Interest Coverage Account shall be held in trust by the Indenture Trustee for the Holders of the Notes and the Note Insurer for the uses and purposes set forth herein. If the Indenture Trustee shall not have received an investment direction from the Issuer, the Indenture Trustee will invest funds deposited in the Interest Coverage Account in Eligible Investments of the kind described in clause (vii) of the definition of Eligible Investments with a maturity date no later than the second Business Day preceding each Payment Date. The Seller shall deposit in the Interest Coverage Account the amount of any net loss incurred in respect of any such Eligible Investment immediately upon realization of such loss without any right of reimbursement therefor. The Seller shall be the owner of the Interest Coverage Account and shall report all items of income, deduction, gain or loss arising therefrom.
Interest Coverage Account. (a) No later than the Closing Date, the Trustee, at the direction of the Servicer, shall establish and maintain, a segregated trust account that is an Eligible Account, which shall be titled “Interest Coverage Account, [ ], as Trustee for the registered holders of NovaStar Mortgage Funding Trust 20[ ]-[ ], Home Equity Loan Asset-Backed Certificates, Series 20[ ]-[ ]” (the “Interest Coverage Account”). The Trustee shall, promptly upon receipt, deposit in the Interest Coverage Account and retain therein (i) the Interest Coverage Amount (which amount is $1,000,000) remitted on the Closing Date to the Trustee by the Depositor and (ii) income and gain realized from investments in the Pre-Funding Account. Funds deposited in the Interest Coverage Account shall be held in trust by the Trustee, for the Certificateholders for the uses and purposes set forth herein.
Interest Coverage Account. (a) No later than the Closing Date, the Trustee shall establish and maintain a segregated trust account, which shall be titled "Interest Coverage Account, Bank One, National Association, as trustee for the registered holders of Structured Asset Mortgage Investments Inc., Mortgage Pass- Through Certificates, Series 2002-AR3" (the "Interest Coverage Account"). The Interest Coverage Account shall be an Eligible Account. The Trustee shall, promptly upon receipt, deposit in the Interest Coverage Account and retain therein the Interest Coverage Amount remitted on the Closing Date to the Trustee by the Seller. Funds deposited in the Interest Coverage Account shall be held in trust by the Trustee for the Certificateholders for the uses and purposes set forth herein.
