Advance Account. (a) The Servicer shall cause to be established and maintained in its name, an Advance Account (the “Advance Account”), with respect to which a Blocked Account Agreement acceptable to the Purchaser shall be duly executed. The Advance Account shall be a separate Eligible Account. The Advance Account shall be maintained with a financial institution acceptable to the Purchaser and shall be maintained for and on behalf of the Purchaser, entitled “Option One Mortgage Corporation on behalf of UBS Real Estate Securities Inc., for the benefit of the Issuer, Re: Custodial Agreement dated as of July 2, 2002.” Amounts in the Advance Account may not be invested.
Appears in 1 contract
Advance Account. (a) The Servicer shall cause to be established and maintained in its name, an Advance Account (the “"Advance Account”"), with respect to which a Blocked Account Agreement acceptable to the Purchaser Purchasers shall be duly executed. The Advance Account shall be a separate Eligible Account. The Advance Account shall be maintained with a financial institution acceptable to the Purchaser Purchasers and shall be maintained for and on behalf of the PurchaserPurchasers, entitled “Option One Mortgage Corporation on behalf of UBS Real Estate Securities Inc."HSBC Bank USA, N.A., for the benefit of the Issuer, Re: Custodial Agreement dated as of July 2September 1, 20022005.” " Amounts in the Advance Account may not be invested.
Appears in 1 contract
Advance Account. (a) The Servicer shall cause to be established and maintained in its name, an Advance Account (the “"Advance Account”"), with respect to which a Blocked Account Agreement acceptable to the Purchaser Purchasers shall be duly executed. The Advance Account shall be a separate Eligible Account. The Advance Account shall be maintained with a financial institution acceptable to the Purchaser Purchasers and shall be maintained for and on behalf of the PurchaserPurchasers, entitled “Option One Mortgage Corporation on behalf of UBS Real Estate Securities Inc."Merrill Lynch Bank USA, for the benefit of the Issuer, Re: Custodial Agreement dated Xxxxxxexx xxted as of July 2October 1, 20022005.” " Amounts in the Advance Account may not be invested.
Appears in 1 contract
Advance Account. (a) The Servicer shall cause to be established and maintained in its name, an Advance Account (the “Advance Account”), with respect to which a Blocked Account Agreement acceptable to the Purchaser Purchasers shall be duly executed. The Advance Account shall be a separate Eligible Account. The Advance Account shall be maintained with a financial institution acceptable to the Purchaser Purchasers and shall be maintained for and on behalf of the PurchaserPurchasers, entitled “Option One Mortgage Corporation on behalf of UBS Real Estate Securities Inc.Owner Trust 2005-9 Advance Account, Wxxxx Fargo Bank, N.A., as Indenture Trustee, for the benefit of the Issuer, Re: Custodial Agreement dated as of July 2, 2002.” Amounts in the Advance Account may not be invested.Option One Owner Trust 2005-9
Appears in 1 contract