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 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 Trustee, in trust for the registered holders of Salomon Brothers Mortgage Securities VII, Inc., Citigroup Home Equity Loan Trust, Series 2003-HE1, Asset Backed Pass-Through Certificates." On the Closing Date, the Depositor will deposit, or cause to be deposited, into the Net WAC Rate Carryover Reserve Account, $1,000.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Salomon Broth Mort Sec Vii Inc Citi Hm Eq Ln Tr Se 2003-He1)

AutoNDA by SimpleDocs

Net WAC Rate Carryover Reserve Account. (a) No later than the Closing Date, the 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[NAME OF TRUSTEE], as Trustee, in trust for the registered holders of Salomon Brothers Citigroup Commercial Mortgage Securities VII, Inc., Citigroup Home Equity Loan Trust, Series 2003-HE120__-____, Asset Backed Pass-Through Certificates." On the Closing Date, the Depositor will deposit, or cause to be deposited, into the Net WAC Rate Carryover Reserve Account, $1,000.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citigroup Commercial Mortgage Securities Inc)

Net WAC Rate Carryover Reserve Account. (a) No later than the Closing Date, the 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[NAME OF TRUSTEE], as Trustee, in trust for the registered holders of Salomon Brothers [National City Mortgage Securities VII, Inc., Citigroup Home Equity Capital LLC [Mortgage] Loan Trust], Series 2003-HE120__-____, Asset Mortgage Backed Pass-Through Certificates." On the Closing Date, the Depositor will deposit, or cause to be deposited, into the Net WAC Rate Carryover Reserve Account, $1,000.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (National City Mortgage Capital LLC)

Net WAC Rate Carryover Reserve Account. (a) No later than the Closing Date, the 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 Trustee, in trust for the registered holders of Salomon Brothers New Century Mortgage Securities VIISecurities, Inc., Citigroup New Century Home Equity Loan Trust, Series 20030000-HE10, Asset Xxxxx Backed Pass-Through Certificates." On the Closing Date, the Depositor will deposit, or cause to be deposited, into the Net WAC Rate Carryover Reserve Account, Account $1,000.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (New Century Home Equity Loan Trust Series 2003-1)

AutoNDA by SimpleDocs

Net WAC Rate Carryover Reserve Account. (a) No later than the Closing Date, the Trustee shall establish and maintain with itself, as agent for the Trustee, a separate, segregated trust account titled, "β€œNet WAC Rate Carryover Reserve Account, Deutsche Bank National Trust Company[NAME OF TRUSTEE], as Trustee, in trust for the registered holders of Salomon Brothers [National City Mortgage Securities VII, Inc., Citigroup Home Equity Capital LLC [Mortgage] Loan Trust], Series 2003-HE120__-____, Asset Mortgage Backed Pass-Through Certificates." ” On the Closing Date, the Depositor will deposit, or cause to be deposited, into the Net WAC Rate Carryover Reserve Account, $1,000.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (National City Mortgage Capital LLC)

Net WAC Rate Carryover Reserve Account. (a) No later than the Closing Date, the Trustee Trust Administrator 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 agent for U.S. Bank National Association, as Trustee, in trust for the registered holders of Salomon Brothers Ameriquest Mortgage Securities VII, Inc., Citigroup Home Equity Loan Trust, Series 2003Asset-HE1, Asset Backed Pass-Through Certificates, Series 2002-3." On the Closing Date, the Depositor will deposit, or cause to be deposited, into the Net WAC Rate Carryover Reserve Account, Account $1,000.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Asset Backed Pass Through Certificates 2002-3)

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