Common use of CERTIFICATE ACCOUNT, DISTRIBUTION ACCOUNT AND INTEREST RESERVE ACCOUNT Clause in Contracts

CERTIFICATE ACCOUNT, DISTRIBUTION ACCOUNT AND INTEREST RESERVE ACCOUNT. (a) The Master Servicer shall establish and maintain a Certificate Account in which the Master Servicer shall deposit or cause to be deposited on a daily basis, except as otherwise specifically provided herein, the following payments and collections received or made by or on behalf of it subsequent to the Cut-off Date (other than in respect of principal and interest on the Mortgage Loans due and payable on or before the Cut-off Date), and payments (other than Principal Prepayments) received by it on or prior to the Cut-off Date but allocable to a period subsequent thereto:

CERTIFICATE ACCOUNT, DISTRIBUTION ACCOUNT AND INTEREST RESERVE ACCOUNT. (a) The Master Servicer shall establish and maintain a Certificate Account that shall be held in which the name of the Master Servicer on behalf of the Certificateholders. The Master Servicer shall deposit or cause to be deposited into the Certificate Account on a daily basis, except as otherwise specifically provided herein, the following payments and collections received or made by or on behalf of it subsequent to the Cut-off Date (other than in respect of principal and interest on the Mortgage Loans due and payable on or before the Cut-off Date), and payments (other than Principal Prepayments) received by it on or prior to the Cut-off Date but allocable to a period subsequent thereto: