Application of Money Collected. If the Notes have been declared due and payable following an Event of Default and such declaration and its consequences have not been rescinded and annulled, any money collected by the Indenture Trustee with respect to each Class of Notes pursuant to this Article V or otherwise and any other monies that may then be held or thereafter received by the Indenture Trustee as security for such Class of Notes shall be applied in the following order, at the date or dates fixed by the Indenture Trustee and, in case of the payment of the entire amount due on account of principal of, and interest on, such Class of Notes, upon presentation and surrender thereof:
Appears in 33 contracts
Samples: Indenture (Accredited Mortgage Loan Trust 2004-2), Indenture (Accredited Mortgage Loan Trust 2005-2), Indenture (Accredited Mortgage Loan REIT Trust)
Application of Money Collected. If the Notes have been declared due and payable following an Event of Default and such declaration and its consequences have not been rescinded and annulled, any money collected by the Indenture Trustee with respect to each Class of Notes pursuant to this Article V or otherwise and any other monies that may then be held or thereafter received by the Indenture Trustee as security for such Class of Notes shall be applied in the following order, at the date or dates fixed by the Indenture Trustee and, in case of the payment of the entire amount due on account of principal of, and interest on, such Class of the Notes, upon presentation and surrender thereof:
Appears in 7 contracts
Samples: Indenture (Wachovia Mortgage Loan Trust, LLC), Indenture (Wachovia Mortgage Loan Trust, LLC), Wachovia Asset Funding Trust, LLC
Application of Money Collected. If the Notes have been declared due and payable following an Event of Default and such declaration and its consequences have not been rescinded and annulled, any money collected by the Indenture Trustee with respect to each Class of the Notes pursuant to this Article V or otherwise and any other monies that moneys which may then be held or thereafter received by the Indenture Trustee as security for such Class of the Notes shall (unless such money is being applied in accordance with Section 5.05(a)) be applied in the following order, at the date or dates fixed by the Indenture Trustee and, in case of the payment distribution of the entire amount due on account of principal of, of and interest on, such Class of on any Notes, upon presentation and surrender thereof:
Appears in 5 contracts
Samples: Mid State Trust Vi, Mid State Trust Vi, Mid-State Homes Inc
Application of Money Collected. If the Notes have been declared due and payable following an Event of Default and such declaration and its consequences have not been rescinded and annulled, any money collected by the Indenture Trustee with respect to each Class of the Notes pursuant to this Article V or otherwise and any other monies that may then be held or thereafter received by the Indenture Trustee as security for such Class of the Notes shall be applied in the following order, at the date or dates fixed by the Indenture Trustee and, in case of the payment of the entire amount due on account of principal of, and interest on, such Class of the Notes, upon presentation and surrender thereof:
Appears in 4 contracts
Samples: Indenture (Bear Stearns Asset Backed Securities Inc), Indenture (Prudential Securities Secured Financing Corp), Indenture (American Business Financial Services Inc /De/)
Application of Money Collected. If the Class of Notes have has been declared due and payable following an Event of Default and such declaration and its consequences have not been rescinded and annulled, any money collected by the Indenture Trustee with respect to each Class of Notes pursuant to this Article V or otherwise and any other monies that may then be held or thereafter received by the Indenture Trustee as security for such Class of Notes shall be applied in the following order, at the date or dates fixed by the Indenture Trustee and, in case of the payment of the entire amount due on account of principal of, and interest on, such Class of Notes, upon presentation and surrender thereof:
Appears in 3 contracts
Samples: Indenture (Residential Asset Funding Corp), Sub Servicing Agreement (Residential Asset Funding Corp), Residential Asset Funding Corp
Application of Money Collected. If the Notes have been declared due and payable following an Event of Default with respect to the Notes and such declaration and its consequences have not been rescinded and annulled, any money collected by the Indenture Trustee with respect to each Class of the Notes pursuant to this Article V or otherwise and any other monies that may then be held or thereafter received by the Indenture Trustee as security for such Class of the Notes shall be applied in the following order, at the date or dates fixed by the Indenture Trustee and, in case of the payment of the entire amount due on account of principal of, and interest on, such Class of the Notes, upon presentation and surrender thereof:
Appears in 2 contracts
Samples: Advanta Conduit Receivables Inc, Advanta Mortgage Conduit Services Inc
Application of Money Collected. If the Notes have been declared due and payable following an Event of Default and such declaration and its consequences have not been rescinded and annulled, any money collected by the Indenture Trustee with respect to each Class of Notes pursuant to this Article V or otherwise and any other monies that may then be held or thereafter received by the Indenture Trustee as security for such Class of Notes shall be applied in the following order, at the date or dates fixed by the Indenture Trustee and, in case of the payment of the entire amount due on account of principal of, and interest on, such Class of Notes, upon presentation and surrender thereof:
Appears in 2 contracts
Samples: Indenture (Prudential Securities Secured Financing Corp), Home Equity Securitization Corp
Application of Money Collected. If the any Notes have been declared due and payable following an Event of Default and such declaration and its consequences have not been rescinded and or annulled, any money collected by the Indenture Trustee with respect to each Class of the Notes pursuant to this Article V or otherwise and any other monies that may then be held or thereafter received by the Indenture Trustee as security for such Class of the Notes shall be applied in the following order, at the date or dates fixed by the Indenture Trustee and, in case of the payment of the entire amount due on account of principal of, and interest on, such Class of the Notes, upon presentation and surrender thereof:
Appears in 2 contracts
Samples: Indenture (Advanta Conduit Receivables Inc), Indenture (Morgan Stanley Abs Capital I Inc)
Application of Money Collected. If the Notes have been declared due and payable following an Event of Default and such declaration and its consequences have not been rescinded and annulled, any money collected by the Indenture Trustee with respect to each Class of Notes pursuant to this Article V or otherwise and any other monies that may then be held or thereafter received by the Indenture Trustee as security for such Class of the Notes shall be applied in the following order, at the date or dates fixed by the Indenture Trustee and, in case of the payment of the entire amount due on account of principal of, and interest on, such the Class of Notes, upon presentation and surrender thereof:
Appears in 1 contract
Samples: Indenture (Bear Stearns Asset Backed Securities Inc)
Application of Money Collected. If the Notes have been declared due and payable following an Event of Default and such declaration and its consequences have not been rescinded and annulled, any money collected by the Indenture Trustee with respect to each Class of Notes pursuant to this Article V or otherwise and any other monies that may then be held or thereafter received by the Indenture Trustee as security for such Class of Notes shall be applied in the following order, at the date or dates fixed by the Indenture Trustee and, in case of the payment of the entire amount due on account of principal of, and interest on, such Class of the Notes, upon presentation and surrender thereof:
Appears in 1 contract
Application of Money Collected. If the Notes have been declared due and payable following an Event of Default and such declaration and its consequences have not been rescinded and annulled, any money collected by the Indenture Trustee with respect to each Class of Notes pursuant to this Article V or otherwise and any other monies that may then be held or thereafter received by the Indenture Trustee as security for such Class of Notes shall be applied in the following order, at the date or dates fixed by the Indenture Trustee and, in case of the payment of the entire amount due on account of principal of, and interest on, such Class Group of Notes, upon presentation and surrender thereof:
Appears in 1 contract
Application of Money Collected. If the Notes have been declared ------------------------------ due and payable following an Event of Default and such declaration and its consequences have not been rescinded and or annulled, any money collected by the Indenture Trustee with respect to each Class of the Notes pursuant to this Article V or otherwise and any other monies that may then be held or thereafter received by the Indenture Trustee as security for such Class of the Notes shall be applied in the following order, at the date or dates fixed by the Indenture Trustee and, in case of the payment of the entire amount due on account of principal of, and interest on, such Class of the Notes, upon presentation and surrender thereof:
Appears in 1 contract
