Common use of Net WAC Rate Carryover Reserve Account Clause in Contracts

Net WAC Rate Carryover Reserve Account. (a) No later than the Closing Date, the Trust Administrator shall establish and maintain a separate, segregated trust account titled, "Net WAC Rate Carryover Reserve Account, [___________], as Trust Administrator, in trust for the registered holders of Citigroup Mortgage Loan Trust, [___________], Series [___________]."

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust Inc), Citigroup Mortgage (Citigroup Mortgage Loan Trust Inc)

AutoNDA by SimpleDocs

Net WAC Rate Carryover Reserve Account. (a) No later than the Closing Date, the Trust Administrator Trustee shall establish and maintain with itself, as agent for the Trustee, a separate, segregated trust account titled, "Net WAC Rate Carryover Reserve Account, [___________]Deutsche Bank National Trust Company, as Trust AdministratorTrustee, in trust for the registered holders Holders of Citigroup Mortgage Loan TrustArgent Securities Inc., [___________]Asset-Backed Pass-Through Certificates, Series [___________]2005-W2."” The Trustee shall deposit into the Net WAC Rate Carryover Reserve Account any payments received by it pursuant to Section 4.01(a)(4)(iv).

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Argent Securities Inc., Asset-Backed Pass-Through Certificates, Series 2005-W2), Pooling and Servicing Agreement (Argent Securities Inc., Asset-Backed Pass-Through Certificates, Series 2005-W2)

Net WAC Rate Carryover Reserve Account. (a) No later than the Closing Date, the Trust Administrator Trustee shall establish and maintain with itself, as agent for the Trustee, a separate, segregated trust account titled, "Net WAC Rate Carryover Reserve Account, [___________]Wells Fargo Bank, N.A., as Trust AdministratorXxxxxee, in trust for the registered holders Holders of Citigroup Mortgage Loan TrustPark Place Securities Inc., [___________]Asset-Backed Pass-Through Certificates, Series [___________]2004-WHQ2."

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Park Place Securities, Inc., Asset-Backed Pass-Through Certificates, Series 2004-Whq2), Pooling and Servicing Agreement (Park Place Securities, Inc., Asset-Backed Pass-Through Certificates, Series 2004-Whq2)

Net WAC Rate Carryover Reserve Account. (a) No later than the Closing Date, the Trust Administrator Trustee shall establish and maintain with itself, as agent for the Trustee, a separate, segregated trust account titled, "Net WAC Rate Carryover Reserve Account, [___________]Xxxxx Fargo Bank, N.A., as Trust AdministratorTrustee, in trust for the registered holders Holders of Citigroup Mortgage Loan TrustPark Place Securities Inc., [___________]Asset-Backed Pass-Through Certificates, Series [___________]2005-WHQ2."

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Park Place Securities, Inc. Series 2005-Whq2), Pooling and Servicing Agreement (Park Place Securities, Inc. Series 2005-Whq2)

Net WAC Rate Carryover Reserve Account. (a) No later than the Closing Date, the Trust Administrator Paying Agent shall establish and maintain a separate, segregated trust account titled, "Net WAC Rate Carryover Reserve Account, [___________]Citibank, N.A., as Trust AdministratorPaying Agent, in trust for the registered holders of Citigroup Mortgage Loan 103 Trust, [___________]Mortgage Pass-Through Certificates, Series [___________]2004-HYB4."" On the Closing Date, the Depositor shall deposit, or cause to be deposited, into the Net WAC Rate Carryover Reserve Account $1,000.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust Inc. Series 2004 - HYB4), Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust Inc. Series 2004 - HYB4)

Net WAC Rate Carryover Reserve Account. (a) No later than the Closing Date, the Trust Administrator shall establish and maintain a separate, segregated trust account titled, "Net WAC Rate Carryover Reserve Account, [___________]Citibank, N.A., as Trust Administrator, in trust for the registered holders of Citigroup Mortgage Loan Trust, [___________]Asset-Backed Pass-Through Certificates, Series [___________]2006-WFHE1."

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust 2006-Wfhe1, Asset-Backed Pass-Through Certificates, Series 2006-Wfhe1), Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust 2006-Wfhe1, Asset-Backed Pass-Through Certificates, Series 2006-Wfhe1)

Net WAC Rate Carryover Reserve Account. (a) No later than the Closing Date, the Trust Administrator Indenture Trustee shall establish and maintain with itself, a separate, segregated non-interest bearing trust account titled, "Net WAC Rate Carryover Reserve Account, [_______________], as Trust AdministratorIndenture Trustee, in trust for the registered holders of Citigroup Mortgage Loan Trust, [_______________], Asset-Backed Notes, Series [___________]."

Appears in 1 contract

Samples: Sale and Servicing Agreement (Financial Asset Securities Corp)

Net WAC Rate Carryover Reserve Account. (a) No later than the Closing Date, the Trust Securities Administrator shall establish and maintain with itself a separate, segregated trust account titled, "Net WAC Rate Carryover Reserve Account, [___________]Xxxxx Fargo Bank, N.A., as Trust Securities Administrator, in trust for the registered holders Holders of Citigroup SG Mortgage Loan TrustSecurities Trust 2005-OPT1, [___________]Asset-Backed Certificates, Series [___________]2005-OPT1” which shall be an Eligible Account."

Appears in 1 contract

Samples: Pooling and Servicing Agreement (SG Mortgage Securities Trust 2005-Opt1)

Net WAC Rate Carryover Reserve Account. (a) No later than the Closing Date, the Trust Administrator shall establish and maintain a separate, segregated trust account titled, "Net WAC Rate Carryover Reserve Account, [___________]Citibank, N.A., as Trust Administrator, in trust for the registered holders of Citigroup Mortgage Loan Trust, [___________]Asset-Backed Pass-Through Certificates, Series [___________]2007- AHL2."

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust 2007-Ahl2)

Net WAC Rate Carryover Reserve Account. (a) No later than the Closing Date, the Trust Administrator shall establish and maintain a separate, segregated trust account titled, "Net WAC Rate Carryover Reserve Account, [___________]Citibank, N.A., as Trust Administrator, in trust for the registered holders of Citigroup Mortgage Loan Trust, [___________]Asset-Backed Pass-Through Certificates, Series [___________]2005-HE3."

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust Inc., Series 2005-He3)

Net WAC Rate Carryover Reserve Account. (a) No later than the Closing Date, the Trust Administrator Paying Agent shall establish and maintain a separate, segregated trust account titled, "Net WAC Rate Carryover Reserve Account, [___________]Citibank, N.A., as Trust AdministratorPaying Agent, in trust for the registered holders of Citigroup Mortgage Loan Trust, [___________]Asset-Backed Pass-Through Certificates, Series [___________]2005-WF1."

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust Inc. Asset-Backed Pass-Through Certificates, Series 2005-Wf1)

Net WAC Rate Carryover Reserve Account. (a) No later than the Closing Date, the Trust Administrator shall establish and maintain a separate, segregated trust account titled, "Net WAC Rate Carryover Reserve Account, [___________]Citibank, N.A., as Trust Administrator, in trust for the registered holders of Citigroup Mortgage Loan Trust, [___________]Asset-Backed Pass-Through Certificates, Series [___________]2007-WFHE2."” The Net WAC Rate Carryover Reserve Account will be an “outside reserve fund” within the meaning of Treasury Regulation Section 1.860G-2(h).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust 2007-Wfhe2)

AutoNDA by SimpleDocs

Net WAC Rate Carryover Reserve Account. (a) No later than the Closing Date, the Trust Administrator Paying Agent shall establish and maintain a separate, segregated trust account titled, "“Group I Net WAC Rate Carryover Reserve AccountAccount and the Group II Net WAC Rate Carryover Reserve Account Citibank, [___________]N.A., as Trust AdministratorPaying Agent, in trust for the registered holders of Citigroup Mortgage Loan TrustTrust Inc., [___________]Asset-Backed Pass-Through Certificates, Series [___________]2005-WF2."

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust Inc. Asset-Backed Pass-Through Certificates, Series 2005-Wf2)

Net WAC Rate Carryover Reserve Account. (a) No later than the Closing Date, the Trust Administrator Trustee shall establish and maintain with itself, as agent for the Trustee, a separate, segregated trust account titled, "Net WAC Rate Carryover Reserve Account, [___________]Xxxxx Fargo Bank, N.A., as Trust AdministratorTrustee, in trust for the registered holders Holders of Citigroup Mortgage Loan TrustPark Place Securities Inc., [___________]Asset-Backed Pass-Through Certificates, Series [___________]2005-WLL1."

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Park Place Securities, Inc., Asset-Backed Pass-Through Certificates, Series 2005-Wll1)

Net WAC Rate Carryover Reserve Account. (a) No later than the Closing Date, the Trust Administrator shall establish and maintain a separate, segregated trust account titled, "Net WAC Rate Carryover Reserve Account, [___________]Citibank, N.A., as Trust Administrator, in trust for the registered holders of Citigroup Mortgage Loan Trust, [___________]Asset-Backed Pass-Through Certificates, Series [___________]2007- AHL3."

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust 2007-Ahl3)

Net WAC Rate Carryover Reserve Account. (a) No later than the Closing Date, the Trust Administrator shall establish and maintain a separate, segregated trust account titled, "Net WAC Rate Carryover Reserve Account, [___________]Citibank, N.A., as Trust Administrator, in trust for the registered holders of Citigroup Mortgage Loan Trust, [___________]Asset-Backed Pass-Through Certificates, Series [___________]2005-HE4."

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust Inc., Series 2005-He4)

Net WAC Rate Carryover Reserve Account. (a) No later than the Closing Date, the Trust Administrator Trustee shall establish and maintain with itself a separate, segregated trust account titled, "Net WAC Rate Carryover Reserve Account, [___________]JPMorgan Chase Bank, as Trust AdministratorTrustee, in trust for the registered holders Holders of Citigroup Mortgage CHEC Loan TrustTrust 2004-1, [___________]Asset-Backed Certificates, Series [___________]2004-1."

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Chec Loan Trust 2004-1)

Net WAC Rate Carryover Reserve Account. (a) No later than the Closing Date, the Trust Administrator Paying Agent shall establish and maintain a separate, segregated trust account titled, "Net WAC Rate Carryover Reserve Account, [___________]Citibank, N.A., as Trust AdministratorPaying Agent, in trust for the registered holders of Citigroup Mortgage Loan Trust, [___________]Asset-Backed Pass-Through Certificates, Series [___________]2005-HE1."

Appears in 1 contract

Samples: Assignment and Recognition Agreement (Asset Backed Pass-Through Certificates, Series 2005-He 1)

Net WAC Rate Carryover Reserve Account. (a) No later than the Closing Date, the Trust Administrator shall establish and maintain a separate, segregated trust account titled, "Net WAC Rate Carryover Reserve Account, [___________]Citibank, N.A., as Trust Administrator, in trust for the registered holders of Citigroup Mortgage Loan Trust, [___________]Asset-Backed Pass-Through Certificates, Series [___________]2007-WFHE3."” The Net WAC Rate Carryover Reserve Account will be an “outside reserve fund” within the meaning of Treasury Regulation Section 1.860G-2(h).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust 2007-Wfhe3)

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