Common use of Certificate Accounts Clause in Contracts

Certificate Accounts. (a) On or before the date of issuance of the Certificates of any Issue, the Trustee will open with an Eligible Depository one or more Certificate Accounts to hold funds for the benefit of Holders of the Certificates of the related Issue. A Certificate Account may also contain funds that the Trustee holds in trust for one or more Trusts or Other Xxxxxx Xxx Trusts, provided that the Trustee keeps, or causes to be kept, separate records of funds with respect to each Trust. (b) The manner in which any Certificate Account is maintained may be changed at any time without notice to, or the approval of, Holders, so long as (i) that Certificate Account is maintained with an Eligible Depository and (ii) funds or investments held in that Certificate Account by, or for the account of, the Trustee of the related Trust or Trusts are at all times identified as such. Only the Trustee may transfer or otherwise exercise control over the funds or investments in any Certificate Account. The Trustee may move funds from one Certificate Account to another Certificate Account at any time, as long as the criteria specified in clauses (i) and (ii) above are satisfied. (c) For each Issue, the Trustee will deposit all Trust Asset Distributions, received by it hereunder into the related Certificate Account. All Trust Asset Distributions deposited from time to time in any Certificate Account, and all investments made with such moneys will be held by the Trustee in such Certificate Account for the benefit of the Holders of Certificates of the related Trust as herein provided, subject to withdrawal by the Trustee for the purposes set forth in Section 5.04.

Certificate Accounts. (a) On or before the date of issuance of the Certificates of any IssueSeries, the Trustee will open with an Eligible Depository one or more Certificate Accounts to hold funds for the benefit of Holders of the Certificates of the related IssueSeries. A Certificate Account may also contain funds that the Trustee holds in trust for one or more Trusts or Other Xxxxxx Xxx Trusts, provided that the Trustee keeps, or causes to be kept, separate records of funds with respect to each Trust. (b) The manner in which any Certificate Account is maintained may be changed at any time without notice to, or the approval of, Holders, so long as (i) that Certificate Account is maintained with an Eligible Depository and (ii) funds or investments held in that Certificate Account by, or for the account of, the Trustee of the related Trust or Trusts are at all times identified as such. Only the Trustee may transfer or otherwise exercise control over the funds or investments in any Certificate Account. The Trustee may move funds from one Certificate Account to another Certificate Account at any time, as long as the criteria specified in clauses (i) and (ii) above are satisfied. (c) For each IssueSeries, the Trustee will deposit all Trust Asset Distributions, received by it hereunder into the related Certificate Account. All Trust Asset Distributions deposited from time to time in any Certificate Account, and all investments made with such moneys will be held by the Trustee in such Certificate Account for the benefit of the Holders of Certificates of the related Trust as herein provided, subject to withdrawal by the Trustee for the purposes set forth in Section 5.04.

Certificate Accounts. (a) On or before the date of issuance of the Certificates of any IssueSeries, the Trustee will open with an Eligible Depository one or more Certificate Accounts to hold funds for the benefit of Holders of the Certificates of the related IssueSeries. A Certificate Account may also contain funds that the Trustee holds in trust for one or more Trusts or Other Xxxxxx Xxx Mae Trusts, provided that the Trustee keeps, or causes to be kept, separate records of funds with respect to each Trust. (b) The manner in which any Certificate Account is maintained may be changed at any time without notice to, or the approval of, Holders, so long as (i) that Certificate Account is maintained with an Eligible Depository and (ii) funds or investments held in that Certificate Account by, or for the account of, the Trustee of the related Trust or Trusts are at all times identified as such. Only the Trustee may transfer or otherwise exercise control over the funds or investments in any Certificate Account. The Trustee may move funds from one Certificate Account to another Certificate Account at any time, as long as the criteria specified in clauses (i) and (ii) above are satisfied. (c) For each IssueSeries, the Trustee will deposit all Trust Asset Distributions, received by it hereunder into the related Certificate Account. All Trust Asset Distributions deposited from time to time in any Certificate Account, and all investments made with such moneys will be held by the Trustee in such Certificate Account for the benefit of the Holders of Certificates of the related Trust as herein provided, subject to withdrawal by the Trustee for the purposes set forth in Section 5.04.