Common use of Class P Certificate Account Clause in Contracts

Class P Certificate Account. The Securities Administrator shall establish and maintain with itself a separate, segregated trust account titled “Xxxxx Fargo Bank, N.A., for the benefit of Nomura Asset Acceptance Corporation, Alternative Loan Trust 2007-2 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 July 2012 Distribution Date, the 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 Securities Administrator shall establish and maintain with itself a separate, segregated trust account titled “Xxxxx Fargo Bank, N.A."[_____________________], for the benefit of Nomura Asset Acceptance Corporation, Alternative Loan Trust 2007-2 [_________] 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 July 2012 Distribution DateDate in [_________], the 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 Securities Administrator shall establish and maintain with itself a separate, segregated trust account titled “Xxxxx Fargo Bank, N.A.NA, as Securities Administrator, for the benefit of Nomura Asset Acceptance CorporationHome Equity Loan, Alternative Inc., Home Equity Loan Trust 20072006-2 HE2 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 July 2012 May 2011 Distribution Date, the 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 Securities Administrator shall establish and maintain with itself a separate, segregated trust account titled “Xxxxx Fargo Bank, N.A., for the benefit of Nomura Asset Acceptance CorporationHome Equity Loan, Alternative Inc., Home Equity Loan Trust 20072006-2 AF1 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 July 2012 Distribution DateDate in November 2011, the 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 Securities Administrator shall establish and maintain with itself a separate, segregated trust account titled “Xxxxx Fargo Bank, N.A.National Association, for the benefit of Nomura Asset Acceptance Corporation, Alternative Loan Trust 20072005-2 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 July 2012 Distribution DateDate in September 2010, the 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 Securities Administrator shall establish and maintain with itself a separate, segregated trust account titled “Xxxxx Fargo Bank, N.A., for the benefit of Nomura Asset Acceptance Corporation, Alternative Loan Trust 20072006-2 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 July 2012 November 2011 Distribution Date, the 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 Securities Administrator shall establish and maintain with itself a separate, segregated trust account titled “Xxxxx Fargo Bank, N.A."[________________], for the benefit of Nomura Asset Acceptance CorporationHome Equity Loan, Alternative Inc., Home Equity Loan Trust 2007-2 [___________] 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 July 2012 [___________] Distribution Date, the 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 Securities Administrator shall establish and maintain with itself a separate, segregated trust account titled “Xxxxx Fargo Bank, N.A., for the benefit of Nomura Asset Acceptance Corporation, Alternative Loan Trust 2007-2 3 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 July 2012 Distribution Date, the 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 Securities Administrator shall establish and maintain with itself a separate, segregated trust account titled “Xxxxx Fargo BankHSBC Bank USA, N.A.National Association, for the benefit of Nomura Asset Acceptance CorporationHome Equity Loan, Alternative Inc., Home Equity Loan Trust 20072006-2 HE1 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 July 2012 March 2011 Distribution Date, the 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 Securities Administrator shall establish and maintain with itself a separate, segregated trust account titled “Xxxxx Fargo BankHSBC Bank USA, N.A.National Association, for the benefit of Nomura Asset Acceptance CorporationHome Equity Loan, Alternative Inc., Home Equity Loan Trust 20072005-2 HE1 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 July 2012 November 2010 Distribution Date, the 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 Securities Administrator shall establish and maintain with itself a separate, segregated trust account titled “Xxxxx Fargo Bank, N.A., for the benefit of Nomura Asset Acceptance Corporation, Alternative Loan Trust 20072006-2 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 July 2012 September 2011 Distribution Date, the 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 Securities Administrator shall establish and maintain with itself a separate, segregated trust account titled “Xxxxx Fargo Bank, N.A.NA, as Securities Administrator, for the benefit of Nomura Asset Acceptance CorporationHome Equity Loan, Alternative Inc., Home Equity Loan Trust 2007-2 3 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 July May 2012 Distribution Date, the 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 Securities Administrator shall establish and maintain with itself a separate, segregated trust account titled “Xxxxx Wxxxx Fargo Bank, N.A., for the benefit of Nomura Asset Acceptance Corporation, Alternative Loan Trust 20072006-2 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 July 2012 Distribution DateDate in August 2011, the 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 Securities Administrator shall establish and maintain with itself a separate, segregated trust account titled “Xxxxx Fargo BankHSBC Bank USA, N.A.National Association, for the benefit of Nomura Asset Acceptance CorporationHome Equity Loan, Alternative Inc., Home Equity Loan Trust 20072006-2 FM1 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 July 2012 November 2010 Distribution Date, the 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 Securities Administrator shall establish and maintain with itself a separate, segregated trust account titled “Xxxxx Fargo BankHSBC Bank USA, N.A.National Association, for the benefit of Nomura Asset Acceptance CorporationHome Equity Loan, Alternative Inc., Home Equity Loan Trust 20072005-2 FM1 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 July 2012 September 2010 Distribution Date, the 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 Securities Administrator shall establish and maintain with itself a separate, segregated trust account titled “Xxxxx Fargo Bank, N.A.NA, as Securities Administrator, for the benefit of Nomura Asset Acceptance CorporationHome Equity Loan, Alternative Inc., Home Equity Loan Trust 20072006-2 FM2 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 July 2012 September 2011 Distribution Date, the 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 Securities Administrator shall establish and maintain with itself a separate, segregated trust account titled “Xxxxx Wxxxx Fargo Bank, N.A.NA, as Securities Administrator, for the benefit of Nomura Asset Acceptance CorporationHome Equity Loan, Alternative Inc., Home Equity Loan Trust 2007-2 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 July January 2012 Distribution Date, the 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 Securities Administrator shall establish and maintain with itself a separate, segregated trust account titled “Xxxxx Fargo Bank, N.A., for the benefit of Nomura Asset Acceptance Corporation, Alternative Loan Trust 20072006-2 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 July 2012 Distribution DateDate in August 2011, the 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.