Acceptance Corp. X.X. Xxx 0000 – Xxxxxxx, XX 00000-0000 - PHONE: (000) 000-0000 FAX: (000) 000-0000 COPY 1 - Original COPY 2 - Seller Copy COPY 3 - Customer Copy COPY 4 - Customer Copy
Acceptance Corp. By: /s/ Xxxxxxx Xxxxxx Name: Xxxxxxx Xxxxxx Title: Transaction Management Officer WASHINGTON MUTUAL BANK, as Servicer By: /s/ Xxxxxx Xxxx Name: Xxxxxx Xxxx Title: Vice President LASALLE BANK NATIONAL ASSOCIATION, as Trustee By: /s/ Xxxx Xxxxx Name: Xxxx Xxxxx Title: Vice President CHRISTIANA BANK & TRUST COMPANY, as Delaware Trustee By: /s/ Xxxxx X. Xxxxx Name: Xxxxx X. Xxxxx Title: Vice President
Acceptance Corp. By: ---------------------------------- Name: Title: [NAME OF OWNER TRUSTEE], not in its individual capacity but solely as Owner Trustee, By: ---------------------------------- Name: Title: Acknowledged and Agreed: [NAME OF CERTIFICATE REGISTRAR], as Certificate Registrar and Certificate Paying Agent By: ------------------------------------- Name: Title: EXHIBIT A [Form of Certificate] [Face] THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE RESOLD OR TRANSFERRED UNLESS IT IS REGISTERED PURSUANT TO SUCH ACT AND LAWS OR IS SOLD OR TRANSFERRED IN TRANSACTIONS WHICH ARE EXEMPT FROM REGISTRATION UNDER SUCH ACT AND UNDER APPLICABLE STATE LAW AND IS TRANSFERRED IN ACCORDANCE WITH THE PROVISIONS OF SECTION 3.05 OF THE TRUST AGREEMENT REFERRED TO HEREIN. NO TRANSFER OF THIS CERTIFICATE SHALL BE MADE UNLESS THE CERTIFICATE REGISTRAR SHALL HAVE RECEIVED EITHER (I) A REPRESENTATION LETTER FROM THE TRANSFEREE OF THIS CERTIFICATE TO THE EFFECT THAT SUCH TRANSFEREE IS NOT AN EMPLOYEE BENEFIT PLAN SUBJECT TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED ("ERISA"), OR SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"), OR A PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR USING THE ASSETS OF ANY SUCH PLAN, OR (II) IF THIS CERTIFICATE IS PRESENTED FOR REGISTRATION IN THE NAME OF A PLAN SUBJECT TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF ERISA, OR SECTION 4975 OF THE CODE (OR COMPARABLE PROVISIONS OF ANY SUBSEQUENT ENACTMENTS), OR A TRUSTEE OF ANY SUCH PLAN, OR ANY OTHER PERSON WHO IS USING THE ASSETS OF ANY SUCH PLAN TO EFFECT SUCH ACQUISITION, AN OPINION OF COUNSEL TO THE EFFECT THAT THE PURCHASE OR HOLDING OF THIS CERTIFICATE WILL NOT RESULT IN THE ASSETS OF THE OWNER TRUST ESTATE BEING DEEMED TO BE "PLAN ASSETS" AND SUBJECT TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF ERISA OR THE PROHIBITED TRANSACTION PROVISIONS OF THE CODE, WILL NOT CONSTITUTE OR RESULT IN A PROHIBITED TRANSACTION WITHIN THE MEANING OF SECTION 406 OR SECTION 407 OF ERISA OR SECTION 4975 OF THE CODE, AND WILL NOT SUBJECT THE OWNER TRUSTEE OR THE DEPOSITOR TO ANY OBLIGATION OR LIABILITY. NO TRANSFER OF THIS CERTIFICATE SHALL BE MADE UNLESS THE CERTIFICATE REGISTRAR SHALL HAVE RECEIVED A CERTIFICATE OF NON-FOREIGN STATUS CERTIFYING AS TO THE TRANSFEREE'S STATUS AS A U.S. PERSON OR CORPORATION UNDER U.S. LAW. THIS CERTIFI...
Acceptance Corp. SERVICER: EquiVantage Inc. SUB-SERVICER: Transworld Mortgage Corporation LEAD UNDERWRITER: Xxxxxx Xxxxxxx & Co. Incorporated RECORD DATE: DISTRIBUTION DATE: FACTOR INFORMATION: _____________ PLEASE DIRECT ANY QUESTIONS OR COMMENTS TO THE FOLLOWING ADMINISTRATOR: Trust Administrator Norwest Bank Minnesota, National Association Xxxxx Xxxxxx & Xxxxxxxxx Xxxxxx Xxxxxxxxxxx, Xxxxxxxxx 00000-0000 Attention: Corporate Trust Services (000) 000-0000 I-2 Distribution Period: Information pursuant to Section 7.8(a) of the Pooling and Servicing Agreement dated as of June 1, 1997
Acceptance Corp. Home Equity Loan Trust 1997-1 Telecopy: (000) 000-0000 Telephone: (000) 000-0000
Acceptance Corp. BY: -------------------------------- XXXXXX X. PRESS, PRESIDENT
Acceptance Corp. By: /s/ Xxxxxxx Xxxxxx Name: Xxxxxxx Xxxxxx Title: Transaction Management Officer WASHINGTON MUTUAL BANK, as Servicer By: /s/ Xxxxx Xxxxxx Name: Xxxxx Xxxxxx Title: Assistant Vice President LASALLE BANK NATIONAL ASSOCIATION, as Trustee By: /s/ Xxxxxxx Xxxxxxxxx Name: Xxxxxxx Xxxxxxxxx Title: Assistant Vice President CHRISTIANA BANK & TRUST COMPANY, as Delaware Trustee By: /s/ Xxxxx X. Xxxxx Name: Xxxxx X. Xxxxx Title: Vice President For any Distribution Date the amounts by which the principal balances of the Class Y-1 and Class Y-2 Regular Interests respectively will be reduced on such distribution date by the allocation of Realized Losses and the distribution of principal, determined as follows: First for each of Loan Group 1 and Loan Group 2 determine the Loan Group Weighted Average Pass-Through Rate for that Loan Group for distributions of interest that will be made on the next succeeding Distribution Date (the “Group Interest Rate”). The Principal Reduction Amount for each of the Class Y Regular Interests will be determined pursuant to the “Generic solution for the Class Y Principal Reduction Amounts” set forth below (the “Generic Solution”) by making identifications among the actual Loan Groups and their related Class Y and Class Z Regular Interests and Loan Group Weighted Average Pass-Through Rates and the Loan Groups named in the Generic Solution and their related Class Y and Class Z Regular Interests as follows:
A. Determine which Loan Group has the lowest Group Interest Rate. That Loan Group will be identified with Loan Group AA and the Class Y and Class Z Regular Interests related to that Loan Group will be respectively identified with the Class YAA and Class ZAA Regular Interests. The Group Interest Rate for that Loan Group will be identified with J%. If the two Loan Groups have the same Group Interest Rate pick one for this purpose, subject to the restriction that each Loan Group may be picked only once in the course of any such selections pursuant to paragraphs A and B of this definition.
B. Determine which Loan Group has the higher Group Interest Rate. That Loan Group will be identified with Group BB and the Class Y and Class Z Regular Interests related to that Group will be respectively identified with the Class BB and Class ZBB Regular Interests. The Group Interest Rate for that Loan Group will be identified with K%. If the two Loan Groups have the same Group Interest Rate the Loan Group not selected pursuant to paragraph A, above, will be ...
Acceptance Corp a Delaware corporation. Conveyance Agreement: Any Conveyance Agreement relating to a Pool, in substantially the form set forth as Exhibit A hereto.
