Common use of Certificate Account; Security Distributions Clause in Contracts

Certificate Account; Security Distributions. On or before the issuance of the Certificates. Xxxxxx Xxx shall either (i) open with an Eligible Depository one or more trust accounts in the name of the Trustee of the Trust Fund that shall collectively be the “Certificate Account”, (ii) in lieu of maintaining any such account or accounts, maintain the Certificate Account by means of appropriate entries on its books and records designating all amounts credited thereto in respect of the Xxxxxx Mae Security and all investments of any such amounts as being held by it in its capacity as Trustee for the benefit of the Holders of the Certificates or

Certificate Account; Security Distributions. On or before the issuance of the Certificates. , Xxxxxx Xxx Mae shall either (i) open with an Eligible Depository one or more trust accounts in the name of the Trustee of the Trust Fund that shall collectively be the “Certificate Account”, ,” (ii) in lieu of maintaining any such account or accounts, maintain the Certificate Account by means of appropriate entries on its books and records designating all amounts credited thereto in respect of the Xxxxxx Mae Security Mortgage Securities and all investments of any such amounts as being held by it in its capacity as Trustee for the benefit of the Holders of the Certificates or

Certificate Account; Security Distributions. On or before the issuance of the Certificates. , Xxxxxx Xxx shall either (i) open with an Eligible Depository one or more trust accounts in the name of the Trustee of the Trust Fund that shall collectively be the “Certificate Account”, (ii) in lieu of maintaining any such account or accounts, maintain the Certificate Account by means of appropriate entries on its books and records designating all amounts credited thereto in respect of the Xxxxxx Mae Security and all investments of any such amounts as being held by it in its capacity as Trustee for the benefit of the Holders of the Certificates or

Certificate Account; Security Distributions. On or before the issuance of the Certificates. Xxxxxx Xxx Mae shall either (i) open with an Eligible Depository one or more trust accounts in the name of the Trustee of the Trust Fund that shall collectively be the “Certificate Account”, (ii) in lieu of maintaining any such account or accounts, maintain the Certificate Account by means of appropriate entries on its books and records designating all amounts credited thereto in respect of the Xxxxxx Mae Xxx Security and all investments of any such amounts as being held by it in its capacity as Trustee for the benefit of the Holders of the Certificates or

Certificate Account; Security Distributions. On or before the issuance of the Certificates. , Xxxxxx Xxx shall either (i) open with an Eligible Depository one or more trust accounts in the name of the Trustee of the Trust Fund that shall collectively be the “Certificate Account”, (ii) in lieu of maintaining any such account or accounts, maintain the Certificate Account by means of appropriate entries on its books and records designating all amounts credited thereto in respect of the Xxxxxx Mae Security Securities and all investments of any such amounts as being held by it in its capacity as Trustee for the benefit of the Holders of the Certificates or