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 Citigroup Mortgage Loan Trust Inc., Citigroup Mortgage Loan Trust, Series 2004-RES1, Asset Backed Pass-Through Certificates." The Trustee shall deposit into the Net WAC Rate Carryover Reserve Account any payments received by it (i) under the Cap Contracts and (ii) pursuant to Section 4.01(a)(4)(II)(iv).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust, Series 2004-Res1)

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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, itself 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 Citigroup Mortgage Loan Trust Inc., Citigroup Mortgage Loan Trust, Series 20042005-RES1OPT1, Asset Backed Pass-Through Certificates." The Trustee shall deposit into amounts deposited in the Net WAC Rate Carryover Reserve Account any payments received by it shall consist of (i) under the Cap Contracts any amounts deposited therein pursuant to Section 4.01(a)(4) and (ii) pursuant to Section 4.01(a)(4)(II)(iv)any amounts received by the Trustee under the Cap Contracts.

Appears in 1 contract

Samples: Custodial Agreement (Citigroup Mortgage Loan Trust Inc Series 2005-Opt1)

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 Citigroup Mortgage Loan Trust Argent Securities Inc., Citigroup Mortgage Loan Trust, Series 2004Asset-RES1, Asset Backed Pass-Through Certificates, Series 2004-W9." The Trustee shall deposit into amount in the Net WAC Rate Carryover Reserve Account shall consist of (i) amounts deposited therein pursuant to Section 4.01(a)(4)(IV) and (ii) any payments received by it (i) the Trustee under the Cap Contracts and (ii) pursuant to Section 4.01(a)(4)(II)(iv)Contracts.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Argent Securities Inc Asset-Backed Pass-Through Certificates, Series 2004-W9)

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 Citigroup Carrington Mortgage Loan Trust Inc.Xxxxx, Citigroup Mortgage Loan Trust, Series Xxries 2004-RES1NC1, Asset Backed PassPxxx-Through CertificatesXxxxxxx Xxxtificates." The Trustee shall deposit into amount deposited in the Net WAC Rate Carryover Reserve Account will consist of any payments received by it (i) the Trustee under the Cap Contracts Contract and (ii) pursuant to Section 4.01(a)(4)(II)(iv).deposited into the Net WAC

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Carrington Mortgage Loan Trust, Series 2004-Nc1)

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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 Holders of Citigroup Ameriquest Mortgage Loan Trust Securities Inc., Citigroup Mortgage Loan Trust, Series 2004Asset-RES1, Asset Backed Pass-Through Certificates, Series 2004-R6." The Trustee shall deposit into the Net WAC Rate Carryover Reserve Account any payments received by it (i) under the Cap Contracts and (ii) pursuant to Section 4.01(a)(4)(II)(iv4.01(a)(4)(iv).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Ameriquest Mortgage Securities Inc Asset-Backed Pass-Through Certificates Series 2004-R6)

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 Citigroup Mortgage Loan Trust Argent Securities Inc., Citigroup Mortgage Loan Trust, Series 2004Asset-RES1, Asset Backed Pass-Through Certificates, Series 2004-PW1." The Trustee shall deposit into amount in the Net WAC Rate Carryover Reserve Account shall consist of (i) amounts deposited therein pursuant to Section 4.01(a)(4)(IV) and (ii) any payments received by it (i) the Trustee under the Cap Contracts and (ii) pursuant to Section 4.01(a)(4)(II)(iv)Contracts.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Argent Securities Inc Asset-Backed Pass-Through Certificates, Series 2004-Pw1)

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