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 "Bear Stearns ABS Trust 2000-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 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 shall establish and maintain with itself a separate, segregated trust account titled "Bear Stearns ABS Trust 2000-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 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 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 "Bear Stearns ABS Trust 2000-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 2008 June 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 "Bear Stearns ABS Trust 2000-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 2008 March 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 "Bear Stearns ABS Xxxxxxx Asset-Backed Securities I Trust 20002004-XX0 AC5 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 2008 September 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 "Bear Stearns ABS Trust 2000-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 2008 January 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.