Common use of Class P Certificate Account Clause in Contracts

Class P Certificate Account. The Trustee shall establish and maintain with itself a separate, segregated trust account titled "Nomura Asset Acceptance Corporation, Alternative Loan Trust 2004-AP3 Class P Certificate Account". On the Closing Date, the Depositor will deposit, or cause to be deposited in the Class P Certificate Account $100.00. The amount on deposit in the Class P Certificate Account shall be held uninvested. On the November 2009 Distribution Date, the Trustee shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders of the Class P Certificates, in reduction of the Certificate Principal Balance thereof.

Class P Certificate Account. (a) The Trustee shall establish and maintain with itself a separate, segregated trust account titled "Nomura Asset Acceptance Corporation, Alternative Loan Trust 2004-AP3 AR2 Class P Certificate Account". On the Closing Date, the Depositor will deposit, or cause to be deposited in the Class P Certificate Account $100.00. The amount on deposit in the Class P Certificate Account shall be held uninvested. On the November August 2009 Distribution Date, the Trustee shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders of the Class P Certificates, in reduction of the Certificate Principal Balance thereof.

Class P Certificate Account. The Trustee Securities Administrator shall establish and maintain with itself a separate, segregated trust account titled "“Nomura Asset Acceptance Corporation, Alternative Loan Trust 20042005-AP3 S2 Class P Certificate Account"”. On the Closing Date, the Depositor will deposit, or cause to be deposited in the Class P Certificate Account $100.00. The amount on deposit in the Class P Certificate Account shall be held uninvested. On the November 2009 Distribution Date in July 2010 (or the final Distribution Date, if earlier), the Trustee Securities Administrator shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders of the Class P Certificates, in reduction of the Certificate Principal Balance thereof.

Class P Certificate Account. The Trustee shall establish and maintain with itself a separate, segregated trust account titled "Nomura Asset Acceptance Corporation, Alternative Loan Trust 20042003-AP3 A3 Class P Certificate Account". On the Closing Date, the Depositor will deposit, or cause to be deposited in the Class P Certificate Account $100.00. The amount on deposit in the Class P Certificate Account shall be held uninvested. On the November 2009 September 2008 Distribution Date, the Trustee shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders holders of the Class P Certificates, on a pro rata basis, in reduction of the Certificate Principal Balance thereof.

Class P Certificate Account. The Trustee Securities Administrator shall establish and maintain with itself a separate, segregated trust account titled "“Xxxxx Fargo Bank, NA, as Securities Administrator, for the benefit of Nomura Asset Acceptance CorporationHome Equity Loan, Alternative Inc., Home Equity Loan Trust 20042006-AP3 WF1 Class P Certificate Account"”. On the Closing Date, the Depositor will deposit, or cause to be deposited in the Class P Certificate Account $100.00. The amount on deposit in the Class P Certificate Account shall be held uninvested. On the November 2009 July 2011 Distribution Date, the Trustee Securities Administrator shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders of the Class P Certificates, in reduction of the Certificate Principal Balance thereof.

Class P Certificate Account. The Trustee shall establish and maintain with itself a separate, segregated trust account titled "Nomura Bear Stearns Asset Acceptance Corporation, Alternative Loan Backed Xxxxxxties I Trust 2004-AP3 AC2 Class P Certificate Account". On the Closing Date, the Depositor will deposit, or cause to be deposited in the Class P Certificate Account $100.00. The amount on deposit in the Class P Certificate Account shall be held uninvested. On the November April 2009 Distribution Date, the Trustee shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders holders of the Class P Certificates, Certificates in reduction of the Certificate Principal Balance thereof.

Class P Certificate Account. The Trustee shall establish and maintain with itself a separate, segregated trust account titled "Nomura Asset Acceptance Corporation, Alternative Loan Trust 20042005-AP3 AR1 Class P Certificate Account". On the Closing Date, the Depositor will deposit, or cause to be deposited in the Class P Certificate Account $100.00. The amount on deposit in the Class P Certificate Account shall be held uninvested. On the November 2009 February 2010 Distribution Date, the Trustee shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders of the Class P Certificates, in reduction of the Certificate Principal Balance thereof.

Class P Certificate Account. The Trustee shall establish and maintain with itself a separate, segregated trust account titled "Nomura Asset Acceptance Corporation, Alternative Loan Trust 2004-AP3 AP1 Class P Certificate Account". On the Closing Date, the Depositor will deposit, or cause to be deposited in the Class P Certificate Account $100.00. The amount on deposit in the Class P Certificate Account shall be held uninvested. On the November February 2009 Distribution Date, the Trustee shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders of the Class P Certificates, in reduction of the Certificate Principal Balance thereof.

Class P Certificate Account. The Trustee Securities Administrator shall establish and maintain with itself a separate, segregated trust account titled "“HSBC Bank USA, National Association, for the benefit of Nomura Asset Acceptance Corporation, Alternative Loan Trust 20042005-AP3 AP2 Class P Certificate Account"”. On the Closing Date, the Depositor will deposit, or cause to be deposited in the Class P Certificate Account $100.00. The amount on deposit in the Class P Certificate Account shall be held uninvested. On the November 2009 Distribution DateDate in June 2010, the Trustee Securities Administrator shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders of the Class P Certificates, in reduction of the Certificate Principal Balance thereof.

Class P Certificate Account. (a) The Trustee shall establish and maintain with itself a separate, segregated trust account titled "Nomura Asset Acceptance Corporation, Alternative Loan Trust 2004-AP3 AR4 Class P Certificate Account". On the Closing Date, the Depositor will deposit, or cause to be deposited in the Class P Certificate Account $100.00. The amount on deposit in the Class P Certificate Account shall be held uninvested. On the November December 2009 Distribution Date, the Trustee shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders of the Class P Certificates, in reduction of the Certificate Principal Balance thereof.

Class P Certificate Account. The Trustee Securities Administrator shall establish and maintain with itself a separate, segregated trust account titled "“HSBC Bank USA, National Association, for the benefit of Nomura Asset Acceptance Corporation, Alternative Loan Trust 20042005-AP3 AR6 Class P Certificate Account"”. On the Closing Date, the Depositor will deposit, or cause to be deposited in the Class P Certificate Account $100.00. The amount on deposit in the Class P Certificate Account shall be held uninvested. On the November 2009 2010 Distribution Date, the Trustee Securities Administrator shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders of the Class P Certificates, in reduction of the Certificate Principal Balance thereof.

Class P Certificate Account. The Trustee shall establish and maintain with itself a separate, segregated trust account titled "Nomura Asset Acceptance Corporation, Alternative Loan Bear Xxxxxxx Asset-Backed Securities I Trust 2004-AP3 AC4 Class P Certificate Account". On the Closing Date, the Depositor will deposit, or cause to be deposited in the Class P Certificate Account $100.00. The amount on deposit in the Class P Certificate Account shall be held uninvested. On the November August 2009 Distribution Date, the Trustee shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders holders of the Class P Certificates, Certificates in reduction of the Certificate Principal Balance thereof.

Class P Certificate Account. The Trustee Securities Administrator shall establish and maintain with itself a separate, segregated trust account titled "“Nomura Asset Acceptance Corporation, Mortgage Pass-Through Certificates, Series Alternative Loan Trust 20042005-AP3 WF1 Class P Certificate Account"”. On the Closing Date, the Depositor will deposit, or cause to be deposited in the Class P Certificate Account $100.00. The amount on deposit in the Class P Certificate Account shall be held uninvested. On the November 2009 May 2008 Distribution Date, the Trustee shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders of the Class P Certificates, in reduction of the Certificate Principal Balance thereof.

Class P Certificate Account. The Trustee Securities Administrator shall establish and maintain with itself a separate, segregated trust account titled "“HSBC Bank USA, National Association, for the benefit of Nomura Asset Acceptance Corporation, Alternative Loan Trust 20042005-AP3 AR5 Class P Certificate Account"”. On the Closing Date, the Depositor will deposit, or cause to be deposited in the Class P Certificate Account $100.00. The amount on deposit in the Class P Certificate Account shall be held uninvested. On the November 2009 September 2010 Distribution Date, the Trustee Securities Administrator shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders of the Class P Certificates, in reduction of the Certificate Principal Balance thereof.

Class P Certificate Account. The Trustee shall establish and maintain with itself a separate, segregated trust account titled "Nomura Asset Acceptance Corporation, Alternative Loan Bear Xxxxxxx Asset-Backed Securities I Trust 2004-AP3 AC6 Class P Certificate Account". On the Closing Date, the Depositor will deposit, or cause to be deposited in the Class P Certificate Account $100.00. The amount on deposit in the Class P Certificate Account shall be held uninvested. On the November October 2009 Distribution Date, the Trustee shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders holders of the Class P Certificates, Certificates in reduction of the Certificate Principal Balance thereof.

Class P Certificate Account. The Trustee shall establish and maintain with itself a separate, segregated trust account titled "Nomura Asset Acceptance CorporationHome Equity Loan, Alternative Inc., Home Equity Loan Trust 2004____-AP3 ____ Class P Certificate Account". On the Closing Date, the Depositor will deposit, or cause to be deposited in the Class P Certificate Account $100.00. The amount on deposit in the Class P Certificate Account shall be held uninvested. On the November 2009 ____________ Distribution Date, the Trustee shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders of the Class P Certificates, in reduction of the Certificate Principal Balance thereof.

Class P Certificate Account. The Trustee Securities Administrator shall establish and maintain with itself a separate, segregated trust account titled "“Nomura Asset Acceptance Corporation, Alternative Loan Trust 20042005-AP3 S4 Class P Certificate Account"”. On the Closing Date, the Depositor will deposit, or cause to be deposited in the Class P Certificate Account $100.00. The amount on deposit in the Class P Certificate Account shall be held uninvested. On the November 2009 Distribution Date in January 2011 (or the final Distribution Date, if earlier), the Trustee Securities Administrator shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders of the Class P Certificates, in reduction of the Certificate Principal Balance thereof.

Class P Certificate Account. The Trustee Securities Administrator shall establish and maintain with itself a separate, segregated trust account titled "Nomura Asset Acceptance Corporation, Alternative Loan “Bear Xxxxxxx Asset-Backed Securities I Trust 20042005-AP3 AC9 Class P Certificate Account"”. On the Closing Date, the Depositor will deposit, or cause to be deposited deposited, in the Class P Certificate Account $100.00. The amount on deposit in the Class P Certificate Account shall be held uninvested. On the November 2009 August 2010 Distribution Date, the Trustee Securities Administrator shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders of the Class P Certificates, Certificates in reduction of the Certificate Principal Balance thereof.

Class P Certificate Account. The Trustee shall establish and maintain with itself a separate, segregated trust account titled "Nomura Asset Acceptance Corporation, Alternative Loan Bear Stearns ABS Trust 20042000-AP3 XX0 Class P Certificate Account". On the Closing Date, the Depositor will deposit, or cause to be deposited in the Class P Certificate Account $100.00. The amount on deposit in the Class P Certificate Account shall be held uninvested. On the November 2009 June 2008 Distribution Date, the Trustee shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders holders of the Class P Certificates, Certificates in reduction of the Certificate Principal Balance thereof.

Class P Certificate Account. (a) The Trustee shall establish and maintain with itself a separate, segregated trust account titled "Nomura Asset Acceptance Corporation, Alternative Loan Trust 2004-AP3 AR3 Class P Certificate Account". On the Closing Date, the Depositor will deposit, or cause to be deposited in the Class P Certificate Account $100.00. The amount on deposit in the Class P Certificate Account shall be held uninvested. On the November 2009 Distribution Date, the Trustee shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders of the Class P Certificates, in reduction of the Certificate Principal Balance thereof.

Class P Certificate Account. The Trustee shall establish and maintain with itself a separate, segregated trust account titled "Nomura Asset Acceptance Corporation, Alternative Loan Bear Xxxxxxx Asset-Backed Securities I Trust 20042005-AP3 AC1 Class P Certificate Account". On the Closing Date, the Depositor will deposit, or cause to be deposited in the Class P Certificate Account $100.00. The amount on deposit in the Class P Certificate Account shall be held uninvested. On the November 2009 January 2010 Distribution Date, the Trustee shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders holders of the Class P Certificates, Certificates in reduction of the Certificate Principal Balance thereof.

Class P Certificate Account. The Trustee Securities Administrator shall establish and maintain with itself a separate, segregated trust account titled "“Xxxxx Fargo Bank, National Association, for the benefit of Nomura Asset Acceptance Corporation, Alternative Loan Trust 20042006-AP3 AP1 Class P Certificate Account"”. On the Closing Date, the Depositor will deposit, or cause to be deposited in the Class P Certificate Account $100.00. The amount on deposit in the Class P Certificate Account shall be held uninvested. On the November 2009 Distribution DateDate in February 2011, the Trustee Securities Administrator shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders of the Class P Certificates, in reduction of the Certificate Principal Balance thereof.

Class P Certificate Account. The Trustee Securities Administrator shall establish and maintain with itself a separate, segregated trust account titled "Nomura Asset Acceptance Corporation, Alternative Loan “Bear Xxxxxxx Asset-Backed Securities I Trust 20042006-AP3 AC3 Class P Certificate Account"”. On the Closing Date, the Depositor will deposit, or cause to be deposited deposited, in the Class P Certificate Account $100.00. The amount on deposit in the Class P Certificate Account shall be held uninvested. On the November 2009 June 2010 Distribution Date, the Trustee Securities Administrator shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders of the Class P Certificates, Certificates in reduction of the Certificate Principal Balance thereof.

Class P Certificate Account. The Trustee Securities Administrator shall establish and maintain with itself a separate, segregated trust account titled "Nomura Asset Acceptance Corporation, Alternative Loan “Bear Xxxxxxx Asset-Backed Securities I Trust 20042005-AP3 AC7 Class P Certificate Account"”. On the Closing Date, the Depositor will deposit, or cause to be deposited deposited, in the Class P Certificate Account $100.00. The amount on deposit in the Class P Certificate Account shall be held uninvested. On the November 2009 June 2010 Distribution Date, the Trustee Securities Administrator shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders of the Class P Certificates, Certificates in reduction of the Certificate Principal Balance thereof.

Class P Certificate Account. The Trustee Securities Administrator shall establish and maintain with itself a separate, segregated trust account titled "“HSBC Bank USA, National Association, for the benefit of Nomura Asset Acceptance Corporation, Alternative Loan Trust 20042005-AP3 AR3 Class P Certificate Account"”. On the Closing Date, the Depositor will deposit, or cause to be deposited in the Class P Certificate Account $100.00. The amount on deposit in the Class P Certificate Account shall be held uninvested. On the November 2009 June 2010 Distribution Date, the Trustee Securities Administrator shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders of the Class P Certificates, in reduction of the Certificate Principal Balance thereof.

Class P Certificate Account. The Trustee shall establish and maintain with itself a separate, segregated trust account titled "“Nomura Asset Acceptance Corporation, Alternative Loan Trust 20042005-AP3 AR2 Class P Certificate Account"”. On the Closing Date, the Depositor will deposit, or cause to be deposited in the Class P Certificate Account $100.00. The amount on deposit in the Class P Certificate Account shall be held uninvested. On the November 2009 April 2010 Distribution Date, the Trustee shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders of the Class P Certificates, in reduction of the Certificate Principal Balance thereof.

Class P Certificate Account. The Trustee shall establish and maintain with itself a separate, segregated trust account titled "Nomura Asset Acceptance Corporation, Alternative Loan Trust 2004-AP3 AP2 Class P Certificate Account". On the Closing Date, the Depositor will deposit, or cause to be deposited in the Class P Certificate Account $100.00. The amount on deposit in the Class P Certificate Account shall be held uninvested. On the November May 2009 Distribution Date, the Trustee shall withdraw the amount on deposit in the Class P Certificate Account Account, cause such funds to be included in the Available Distribution Amount and remit such amount to the Holders of the Class P Certificates, in reduction of the Certificate Principal Balance thereof.

Class P Certificate Account. The Trustee Securities Administrator shall establish and maintain with itself a separate, segregated trust account titled "Nomura Asset Acceptance Corporation, Alternative Loan “Bear Xxxxxxx Asset-Backed Securities I Trust 20042005-AP3 AC4 Class P Certificate Account"”. On the Closing Date, the Depositor will deposit, or cause to be deposited deposited, in the Class P Certificate Account $100.00. The amount on deposit in the Class P Certificate Account shall be held uninvested. On the November 2009 June 2010 Distribution Date, the Trustee Securities Administrator shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders of the Class P Certificates, Certificates in reduction of the Certificate Principal Balance thereof.

Class P Certificate Account. The Trustee shall establish and maintain with itself a separate, segregated trust account titled "Nomura Asset Acceptance Corporation, Alternative Loan Trust 2004____-AP3 ____ Class P Certificate Account". On the Closing Date, the Depositor will deposit, or cause to be deposited in the Class P Certificate Account $100.00. The amount on deposit in the Class P Certificate Account shall be held uninvested. On the November 2009 ____________ Distribution Date, the Trustee shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders of the Class P Certificates, in reduction of the Certificate Principal Balance thereof.

Class P Certificate Account. The Trustee Securities Administrator shall establish and maintain with itself a separate, segregated trust account titled "“HSBC Bank USA, National Association, for the benefit of Nomura Asset Acceptance Corporation, Alternative Loan Trust 20042005-AP3 AR4 Class P Certificate Account"”. On the Closing Date, the Depositor will deposit, or cause to be deposited in the Class P Certificate Account $100.00. The amount on deposit in the Class P Certificate Account shall be held uninvested. On the November 2009 July 2010 Distribution Date, the Trustee Securities Administrator shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders of the Class P Certificates, in reduction of the Certificate Principal Balance thereof.

Class P Certificate Account. The Trustee shall establish and maintain with itself a separate, segregated trust account titled "Nomura Asset Acceptance Corporation, Alternative Loan Bear Stearns Asset-Backex Xxxxxities I Trust 2004-AP3 AC7 Class P Certificate Account". On the Closing Date, the Depositor will deposit, or cause to be deposited in the Class P Certificate Account $100.00. The amount on deposit in the Class P Certificate Account shall be held uninvested. On the November 2009 Distribution Date, the Trustee shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders holders of the Class P Certificates, Certificates in reduction of the Certificate Principal Balance thereof.

Class P Certificate Account. The Trustee Securities Administrator shall establish and maintain with itself a separate, segregated trust account titled "“Nomura Asset Acceptance Corporation, Alternative Loan Trust 20042005-AP3 S3 Class P Certificate Account"”. On the Closing Date, the Depositor will deposit, or cause to be deposited in the Class P Certificate Account $100.00. The amount on deposit in the Class P Certificate Account shall be held uninvested. On the November 2009 Distribution Date in October 2010 (or the final Distribution Date, if earlier), the Trustee Securities Administrator shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders of the Class P Certificates, in reduction of the Certificate Principal Balance thereof.