Common use of Accounting Records Clause in Contracts

Accounting Records. Xxxxxx Xxx shall establish and maintain, as to each Trust created hereby, including the Trust Fund and the Lower Tier REMIC, accounting records in which proceeds of the Mortgage Loans and distributions to Certificateholders shall be recorded and in which a record of fully prepaid Mortgage Loans and Liquidated Mortgage Loans shall be kept. At any particular time the aggregate of the amount of proceeds of the Mortgage Loans entered into the accounting records (as reduced by any distributions made in respect of and from such proceeds) shall be considered to be held by Xxxxxx Mae for Certificateholders, it being understood, however, that Xxxxxx Xxx shall have no liability to Certificateholders for the payment of interest on any such amounts so held by it for their account and that, so long as an Event of Default shall not have occurred and be continuing, Xxxxxx Mae’s obligation to remit any such amount to Certificateholders shall be through monthly distributions in amounts computed in accordance with this Trust Agreement.

Accounting Records. Xxxxxx Xxx shall establish and maintain, as to each Trust created hereby, including the Trust Fund Upper Tier REMIC and the Lower Tier REMIC, accounting records in which proceeds of the Mortgage Loans and distributions to Certificateholders shall be recorded and in which a record of fully prepaid Mortgage Loans and Liquidated Mortgage Loans shall be kept. At any particular time the aggregate of the amount of proceeds of the Mortgage Loans entered into the accounting records (as reduced by any distributions made in respect of and from such proceeds) shall be considered to be held by Xxxxxx Mae for Certificateholders, it being understood, however, that Xxxxxx Xxx shall have no liability to Certificateholders for the payment of interest on any such amounts so held by it for their account and that, so long as an Event of Default shall not have occurred and be continuing, Xxxxxx Mae’s obligation to remit any such amount to Certificateholders shall be through monthly distributions in amounts computed in accordance with this Trust Agreement.

Accounting Records. Xxxxxx Xxx shall establish and maintain, as to each Trust created hereby, including the Trust Fund and the Lower Tier REMICTrust, accounting records in which proceeds of the Mortgage Loans and distributions to Certificateholders shall be recorded and in which a record of fully prepaid Mortgage Loans and Liquidated Mortgage Loans shall be kept. At any particular time the aggregate of the amount of proceeds of the Mortgage Loans entered into the accounting records (as reduced by any distributions made in respect of and from such proceeds) shall be considered to be held by Xxxxxx Mae for Certificateholders, it being understood, however, that Xxxxxx Xxx shall have no liability to Certificateholders for the payment of interest on any such amounts so held by it for their account and that, so long as an Event of Default shall not have occurred and be continuing, Xxxxxx Mae’s obligation to remit any such amount to Certificateholders shall be through monthly distributions in amounts computed in accordance with this Trust Agreement.

Accounting Records. Xxxxxx Xxx Mae shall establish and maintain, as to each Trust created hereby, including the Trust Fund and the Lower Tier REMICTrust, accounting records in which proceeds of the Mortgage Loans Assets and distributions to Certificateholders shall be recorded and in which a record of fully prepaid Mortgage Loans and Liquidated Mortgage Loans shall be kept. At any particular time the aggregate of the amount of proceeds of the Mortgage Loans Assets entered into the accounting records (as reduced by any distributions made in respect of and from such proceeds) shall be considered to be held by Xxxxxx Mae Xxx for Certificateholders, it being understood, however, that Xxxxxx Xxx Mae shall have no liability to Certificateholders for the payment of interest on any such amounts so held by it for their account and that, so long as an Event of Default shall not have occurred and be continuing, Xxxxxx Mae’s obligation to remit any such amount to Certificateholders shall be through monthly distributions in amounts computed in accordance with this Trust Agreement.

Accounting Records. Xxxxxx Xxx shall establish and maintain, as to each Trust trust created hereby, including the Trust Fund and the Lower Tier REMIC, accounting records in which proceeds of the Mortgage Loans and distributions to Certificateholders shall be recorded and in which a record of fully prepaid Mortgage Loans and Liquidated Mortgage Loans shall be kept. At any particular time the aggregate of the amount of proceeds of the Mortgage Loans entered into the accounting records (as reduced by any distributions made in respect of and from such proceeds) shall be considered to be held by Xxxxxx Mae for Certificateholders, it being understood, however, that Xxxxxx Xxx shall have no liability to Certificateholders for the payment of interest on any such amounts so held by it for their account and that, so long as an Event of Default shall not have occurred and be continuing, Xxxxxx Mae’s obligation to remit any such amount to Certificateholders shall be through monthly distributions in amounts computed in accordance with this Trust Agreement.

Accounting Records. Xxxxxx Xxx shall establish and maintain, as to each Trust created hereby, including the Trust Fund and the Lower Tier REMICBase Trust, accounting records in which proceeds of the Group 6 Mortgage Loans and distributions to the related Certificateholders shall be recorded and in which a record of fully prepaid Group 6 Mortgage Loans and Liquidated Group 6 Mortgage Loans shall be kept. At any particular time the aggregate of the amount of proceeds of the Group 6 Mortgage Loans entered into the accounting records (as reduced by any distributions made in respect of and from such proceeds) shall be considered to be held by Xxxxxx Mae for the related Certificateholders, it being understood, however, that Xxxxxx Xxx shall have no liability to the related Certificateholders for the payment of interest on any such amounts so held by it for their account and that, so long as an Event of Default shall not have occurred and be continuing, Xxxxxx Mae’s obligation to remit any such amount to the related Certificateholders shall be through monthly distributions in amounts computed in accordance with this Trust Agreement.

Accounting Records. Xxxxxx Xxx shall establish and maintain, as to each Trust created hereby, including the Trust Fund Upper Tier REMIC and the Lower Tier REMIC, accounting records in which proceeds of the Mortgage Loans and distributions to Certificateholders shall be recorded and in which a record of fully prepaid Mortgage Loans and Liquidated Mortgage Loans shall be kept. kept.‌ At any particular time the aggregate of the amount of proceeds of the Mortgage Loans entered into the accounting records (as reduced by any distributions made in respect of and from such proceeds) shall be considered to be held by Xxxxxx Mae for Certificateholders, it being understood, however, that Xxxxxx Xxx shall have no liability to Certificateholders for the payment of interest on any such amounts so held by it for their account and that, so long as an Event of Default shall not have occurred and be continuing, Xxxxxx Mae’s obligation to remit any such amount to Certificateholders shall be through monthly distributions in amounts computed in accordance with this Trust Agreement.

Accounting Records. Xxxxxx Xxx Mae shall establish and maintain, as to each Trust created hereby, including the Trust Fund and the Lower Tier REMICTrust, accounting records in which proceeds of the Mortgage Loans Assets and distributions to Certificateholders shall be recorded and in which a record of fully prepaid Group 1 Mortgage Loans and Liquidated Group 1 Mortgage Loans shall be kept. At any particular time the aggregate of the amount of proceeds of the Mortgage Loans Assets entered into the accounting records (as reduced by any distributions made in respect of and from such proceeds) shall be considered to be held by Xxxxxx Mae Xxx for Certificateholders, it being understood, however, that Xxxxxx Xxx Mae shall have no liability to Certificateholders for the payment of interest on any such amounts so held by it for their account and that, so long as an Event of Default shall not have occurred and be continuing, Xxxxxx Mae’s obligation to remit any such amount to Certificateholders shall be through monthly distributions in amounts computed in accordance with this Trust Agreement.

Accounting Records. Xxxxxx Xxx Mae shall establish and maintain, as to each Trust created hereby, including the Trust Fund and the Lower Tier REMIC, accounting records in which proceeds of the Mortgage Loans and distributions to Certificateholders shall be recorded and in which a record of fully prepaid Mortgage Loans and Liquidated Mortgage Loans shall be kept. At any particular time the aggregate of the amount of proceeds of the Mortgage Loans entered into the accounting records (as reduced by any distributions made in respect of and from such proceeds) shall be considered to be held by Xxxxxx Mae Xxx for Certificateholders, it being understood, however, that Xxxxxx Xxx Mae shall have no liability to Certificateholders for the payment of interest on any such amounts so held by it for their account and that, so long as an Event of Default shall not have occurred and be continuing, Xxxxxx Mae’s obligation to remit any such amount to Certificateholders shall be through monthly distributions in amounts computed in accordance with this Trust Agreement.

Accounting Records. Xxxxxx Xxx shall establish and maintain, as to each Trust created hereby, including the Trust Fund and the Lower Tier REMICBase Trust, accounting records in which proceeds of the Mortgage Loans and distributions to the related Certificateholders shall be recorded and in which a record of fully prepaid Mortgage Loans and Liquidated Mortgage Loans shall be kept. At any particular time the aggregate of the amount of proceeds of the Mortgage Loans entered into the accounting records (as reduced by any distributions made in respect of and from such proceeds) shall be considered to be held by Xxxxxx Mae for the related Certificateholders, it being understood, however, that Xxxxxx Xxx shall have no liability to the related Certificateholders for the payment of interest on any such amounts so held by it for their account and that, so long as an Event of Default shall not have occurred and be continuing, Xxxxxx Mae’s obligation to remit any such amount to the related Certificateholders shall be through monthly distributions in amounts computed in accordance with this Trust Agreement.

Accounting Records. Xxxxxx Xxx shall establish and maintain, as to each Trust created hereby, including the Trust Fund and the Lower Tier REMICTrust, accounting records in which proceeds of the Mortgage Loans and distributions to Certificateholders shall be recorded and in which a record of fully prepaid Mortgage Loans and Liquidated Mortgage Loans shall be kept. At any particular time the aggregate of the amount of proceeds of the Mortgage Loans entered into the accounting records (as reduced by any distributions made in respect of and from such proceeds) shall be considered to be held by Xxxxxx Mae for Certificateholders, it being understood, however, that Xxxxxx Xxx shall have no liability to Certificateholders for the payment of interest on any such amounts so held by it for their account and that, so long as an Event of Default shall not have occurred and be continuing, Xxxxxx Mae’s obligation to remit any such amount to Certificateholders shall be through monthly distributions in amounts computed in accordance with this Trust Agreement.

Accounting Records. Xxxxxx Xxx shall establish and maintain, as to each Trust created hereby, including the Trust Fund and the Lower Tier REMICTrust, accounting records in which proceeds of the Mortgage Loans Assets and distributions to Certificateholders shall be recorded and in which a record of fully prepaid Mortgage Loans and Liquidated Mortgage Loans shall be kept. At any particular time the aggregate of the amount of proceeds of the Mortgage Loans Assets entered into the accounting records (as reduced by any distributions made in respect of and from such proceeds) shall be considered to be held by Xxxxxx Mae for Certificateholders, it being understood, however, that Xxxxxx Xxx shall have no liability to Certificateholders for the payment of interest on any such amounts so held by it for their account and that, so long as an Event of Default shall not have occurred and be continuing, Xxxxxx Mae’s obligation to remit any such amount to Certificateholders shall be through monthly distributions in amounts computed in accordance with this Trust Agreement.

Accounting Records. Xxxxxx Xxx Mae shall establish and maintain, as to each Trust trust created hereby, including the Trust Fund Fund, and the Lower Tier each REMIC, accounting records in which proceeds of the Mortgage Loans and distributions to Certificateholders shall be recorded and in which a record of fully prepaid Mortgage Loans and Liquidated Mortgage Loans shall be kept. At any particular time the aggregate of the amount of proceeds of the Mortgage Loans entered into the accounting records (as reduced by any distributions made in respect of and from such proceeds) shall be considered to be held by Xxxxxx Mae Xxx for Certificateholders, it being understood, however, that Xxxxxx Xxx Mae shall have no liability to Certificateholders for the payment of interest on any such amounts so held by it for their account and that, so long as an Event of Default shall not have occurred and be continuing, Xxxxxx Mae’s obligation to remit any such amount to Certificateholders shall be through monthly distributions in amounts computed in accordance with this Trust Agreement.

Accounting Records. Xxxxxx Xxx shall establish and maintain, as to each Trust trust created hereby, including the Trust Fund Fund, and the Lower Tier each REMIC, accounting records in which proceeds of the Mortgage Loans and distributions to Certificateholders shall be recorded and in which a record of fully prepaid Mortgage Loans and Liquidated Mortgage Loans shall be kept. At any particular time the aggregate of the amount of proceeds of the Mortgage Loans entered into the accounting records (as reduced by any distributions made in respect of and from such proceeds) shall be considered to be held by Xxxxxx Mae for Certificateholders, it being understood, however, that Xxxxxx Xxx shall have no liability to Certificateholders for the payment of interest on any such amounts so held by it for their account and that, so long as an Event of Default shall not have occurred and be continuing, Xxxxxx Mae’s obligation to remit any such amount to Certificateholders shall be through monthly distributions in amounts computed in accordance with this Trust Agreement.