Common use of Class P Reserve Account Clause in Contracts

Class P Reserve Account. (a) The Trustee shall establish a Class P Reserve Account on behalf of the Holders of the Class P Certificates. The Class P Reserve Account must be an Eligible Account. The Class P Reserve Account shall be entitled “Class P Reserve Account, Deutsche Bank Trust Company Americas, as Trustee for the benefit of holders of Residential Accredit Loans, Inc., Mortgage Asset-Backed Pass-Through Certificates, Series 2006-QA5,” (the “Class P Reserve Account”). On the Closing Date, the Depositor will cause, on behalf of the Trust, the Class P Reserve Account Amount to be deposited into the Class P Reserve Account. In addition, all amounts received by the Master Servicer in connection with Prepayment Charges on the Prepayment Charge Loans shall be remitted by the Master Servicer on the Certificate Account Deposit Date to the Trustee and shall be deposited by the Trustee into the Class P Reserve Account, at the direction of the Master Servicer, upon receipt thereof. Funds on deposit in the Class P Reserve Account shall be held in trust by the Trustee for the holder of the Class P Certificates. (b) On the Business Day prior to each Distribution Date, the Trustee shall withdraw the amount then on deposit in the Class P Reserve Account representing Prepayment Charges in respect of the Prepayment Charge Loans in Loan Group I received during the related Prepayment Period and deposit such amount into the Certificate Account to be distributed to the Holders of the Class I-P Certificates in accordance with Section 4.02(f). On the Business Day prior to each Distribution Date, the Trustee shall withdraw the amount then on deposit in the Class P Reserve Account representing Prepayment Charges in respect of the Prepayment Charge Loans in Loan Group II received during the related Prepayment Period and deposit such amount into the Certificate Account to be distributed to the Holders of the Class II-P Certificates in accordance with Section 4.02(f).

Class P Reserve Account. (a) The On or before the Closing Date, the Trustee shall establish a Class P Reserve Account on behalf of the Holders of the Class P Certificates. The Class P Reserve Account must be an Eligible Account. The Class P Reserve Account shall be entitled “"Class P Reserve Account, Deutsche U.S. Bank Trust Company Americas, National Association as Trustee for the benefit of holders of Residential Accredit Loans, Inc., Mortgage Asset-Backed Pass-Through Certificates, Series 2006-QA5QA2,” " (the “"Class P Reserve Account”"). On the Closing Date, the Depositor will cause, on behalf of the Trust, the Class P Reserve Account Amount to be deposited into the Class P Reserve Account. In addition, all amounts received by the Master Servicer in connection with Prepayment Charges on the Prepayment Charge Loans shall be remitted by the Master Servicer on the Certificate Account Deposit Date to the Trustee and shall be deposited by the Trustee into the Class P Reserve Account, at the direction of the Master Servicer, upon receipt thereof. Funds on deposit in the Class P Reserve Account shall be held in trust by the Trustee for the holder of the Class P Certificates. (b) On the Business Day prior to each Distribution Date, the Trustee shall withdraw the amount then on deposit in the Class P Reserve Account representing Prepayment Charges in respect of the Prepayment Charge Loans in Loan Group I received during the related Prepayment Period and deposit such amount into the Certificate Account to be distributed to the Holders of the Class I-P Certificates in accordance with Section 4.02(f). On the Business Day prior to each Distribution Date, the Trustee shall withdraw the amount then on deposit in the Class P Reserve Account representing Prepayment Charges in respect of the Prepayment Charge Loans in Loan Group II received during the related Prepayment Period and deposit such amount into the Certificate Account to be distributed to the Holders of the Class II-P Certificates in accordance with Section 4.02(f4.02(k).

Class P Reserve Account. (a) The Trustee shall establish a Class P Reserve Account on behalf of the Holders of the Class P Certificates. The Class P Reserve Account must be an Eligible Account. The Class P Reserve Account shall be entitled “"Class P Reserve Account, Deutsche Bank Trust Company Americas, as Trustee for the benefit of holders of Residential Accredit Loans, Inc., Mortgage Asset-Backed Pass-Through Certificates, Series 2006-QA5QA3,” " (the “"Class P Reserve Account”"). On the Closing Date, the Depositor will cause, on behalf of the Trust, the Class P Reserve Account Amount to be deposited into the Class P Reserve Account. In addition, all amounts received by the Master Servicer in connection with Prepayment Charges on the Prepayment Charge Loans shall be remitted by the Master Servicer on the Certificate Account Deposit Date to the Trustee and shall be deposited by the Trustee into the Class P Reserve Account, at the direction of the Master Servicer, upon receipt thereof. Funds on deposit in the Class P Reserve Account shall be held in trust by the Trustee for the holder of the Class P Certificates. (b) On the Business Day prior to each Distribution Date, the Trustee shall withdraw the amount then on deposit in the Class P Reserve Account representing Prepayment Charges in respect of the Prepayment Charge Loans in Loan Group I received during the related Prepayment Period and deposit such amount into the Certificate Account to be distributed to the Holders of the Class I-P Certificates in accordance with Section 4.02(f). On the Business Day prior to each Distribution Date, the Trustee shall withdraw the amount then on deposit in the Class P Reserve Account representing Prepayment Charges in respect of the Prepayment Charge Loans in Loan Group II received during the related Prepayment Period and deposit such amount into the Certificate Account to be distributed to the Holders of the Class II-P Certificates in accordance with Section 4.02(f4.02(h).

Class P Reserve Account. (a) The On or before the Closing Date, the Trustee shall establish a Class P Reserve Account on behalf of the Holders of the Class P Certificates. The Class P Reserve Account must be an Eligible Account. The Class P Reserve Account shall be entitled “"Class P Reserve Account, Deutsche U.S. Bank Trust Company Americas, National Association as Trustee for the benefit of holders of Residential Accredit LoansWachovia Mortgage Loan Trust, Inc., Mortgage Asset-Backed Pass-Through Certificates, Series 2006-QA5,” AMN1" (the “"Class P Reserve Account”"). On the Closing Date, the Depositor will cause, on behalf of the Trust, the Class P Reserve Account Amount to be deposited into the Class P Reserve Account. In addition, all amounts received by the Master Servicer in connection with Prepayment Charges on the Prepayment Charge Loans shall be remitted by the Master Servicer on the Certificate Account Deposit Servicer Remittance Date to the Trustee and shall be deposited by the Trustee into the Class P Reserve Account, at the direction of the Master Servicer, upon receipt thereof. Funds on deposit in the Class P Reserve Account shall remain uninvested and shall be held in trust by the Trustee for the holder of the Class P Certificates. (b) On the Business Day prior to each Distribution Date, the Trustee shall withdraw the amount then on deposit in the Class P Reserve Account representing Prepayment Charges in respect of the Prepayment Charge Loans in Loan Group I received during the related Prepayment Period and deposit such amount into the Certificate Account to be distributed to the Holders of the Class I-P Certificates in accordance with Section 4.02(f). On the Business Day prior to each Distribution Date, the Trustee shall withdraw the amount then on deposit in the Class P Reserve Account representing Prepayment Charges in respect of the Prepayment Charge Loans in Loan Group II received during the related Prepayment Period and deposit such amount into the Certificate Account to be distributed to the Holders of the Class II-P Certificates in accordance with Section 4.02(f4.04(n).

Class P Reserve Account. (a) The Trustee shall establish a Class P Reserve Account on behalf of the Holders of the Class P Certificates. The Class P Reserve Account must be an Eligible Account. The Class P Reserve Account shall be entitled “"Class P Reserve Account, Deutsche Bank Trust Company Americas, as Trustee for the benefit of holders Holders of Residential Accredit Loans, Inc., Mortgage Asset-Backed Pass-Through Certificates, Series 20062007-QA5QS9,” " (the “"Class P Reserve Account”"). On the Closing Date, the Depositor will cause, on behalf of the Trust, the Class P Reserve Account Amount to be deposited into the Class P Reserve Account. In addition, all All amounts received by the Master Servicer in connection with Prepayment Charges on the Prepayment Charge Loans shall be remitted deposited by the Master Servicer on the Certificate Account Deposit Date to the Trustee and shall be deposited by the Trustee into the Class P Reserve Account, at the direction of the Master Servicer, Account upon receipt thereof. Funds on deposit in the Class P Reserve Account shall be held in trust by the Trustee for the holder Holder of the Class P Certificates. Amounts on deposit in the Class P Reserve Account shall be held and remain uninvested, and the Trustee shall have no liability for interest or other compensation therein. (b) On the Business Day prior to each Distribution Date, the Master Servicer on behalf of the Trustee (or the Paying Agent appointed by the Trustee) shall withdraw the amount then on deposit in the Class P Reserve Account representing Prepayment Charges in respect of the Prepayment Charge Loans in Loan Group I received during after the related Prepayment Period immediately preceding Distribution Date, and deposit distribute such amount into the Certificate Account to be distributed amounts to the Holders of the Class I-P Certificates in accordance with Section 4.02(f). On the Business Day prior to each Distribution Date, the Trustee shall withdraw the amount then on deposit in the Class P Reserve Account representing Prepayment Charges in respect of the Prepayment Charge Loans in Loan Group II received during the related Prepayment Period and deposit such amount into the Certificate Account to be distributed to the Holders of the Class II-P Certificates in accordance with Section 4.02(f4.02(a)(ii)(Y).

Class P Reserve Account. (a) The On or before the Closing Date, the Trustee shall establish a Class P Reserve Account on behalf of the Holders of the Class P Certificates. The Class P Reserve Account must be an Eligible Account. The Class P Reserve Account shall be entitled “"Class P Reserve Account, Deutsche U.S. Bank Trust Company Americas, National Association as Trustee for the benefit of holders of Residential Accredit LoansWachovia Mortgage Loan Trust, Inc., Mortgage Asset-Backed Pass-Through Certificates, Series 2006-QA5,” ALT1" (the “"Class P Reserve Account”"). On the Closing Date, the Depositor will cause, on behalf of the Trust, the Class P Reserve Account Amount to be deposited into the Class P Reserve Account. In addition, all amounts received by the Master a Servicer in connection with Prepayment Charges on the Prepayment Charge Loans shall be remitted by the Master applicable Servicer on the Certificate Account Deposit Servicer Remittance Date to the Trustee and shall be deposited by the Trustee into the Class P Reserve Account, at the direction of the Master Servicer, upon receipt thereof. Funds on deposit in the Class P Reserve Account shall remain uninvested and shall be held in trust by the Trustee for the holder of the Class P Certificates. (b) On the Business Day prior to each Distribution Date, the Trustee shall withdraw the amount then on deposit in the Class P Reserve Account representing Prepayment Charges in respect of the Prepayment Charge Loans in Loan Group I received during the related Prepayment Period and deposit such amount into the Certificate Account to be distributed to the Holders of the Class I-P Certificates in accordance with Section 4.02(f). On the Business Day prior to each Distribution Date, the Trustee shall withdraw the amount then on deposit in the Class P Reserve Account representing Prepayment Charges in respect of the Prepayment Charge Loans in Loan Group II received during the related Prepayment Period and deposit such amount into the Certificate Account to be distributed to the Holders of the Class II-P Certificates in accordance with Section 4.02(f4.04(n).

Class P Reserve Account. (a) The On or before the Closing Date, the Trustee shall establish a Class P Reserve Account on behalf of the Holders of the Class P Certificates. The Class P Reserve Account must be an Eligible Account. The Class P Reserve Account shall be entitled “"Class P Reserve Account, Deutsche Bank Trust Company Americas, Americas as Trustee for the benefit of holders of Residential Accredit Loans, Inc., Mortgage Asset-Backed Pass-Through Certificates, Series 20062005-QA5QO5,” " (the “"Class P Reserve Account”"). On the Closing Date, the Depositor will cause, on behalf of the Trust, the Class P Reserve Account Amount to be deposited into the Class P Reserve Account. In addition, all amounts received by the Master Servicer in connection with Prepayment Charges on the Prepayment Charge Loans shall be remitted by the Master Servicer on the Certificate Account Deposit Date to the Trustee and shall be deposited by the Trustee into the Class P Reserve Account, at the direction of the Master Servicer, upon receipt thereof. Funds on deposit in the Class P Reserve Account shall be held in trust by the Trustee for the holder of the Class P Certificates. (b) On the Business Day prior to each Distribution Date, the Trustee shall withdraw the amount then on deposit in the Class P Reserve Account representing Prepayment Charges in respect of the Prepayment Charge Loans in Loan Group I received during the related Prepayment Period and deposit such amount into the Certificate Account to be distributed to the Holders of the Class I-P Certificates in accordance with Section 4.02(f). On the Business Day prior to each Distribution Date, the Trustee shall withdraw the amount then on deposit in the Class P Reserve Account representing Prepayment Charges in respect of the Prepayment Charge Loans in Loan Group II received during the related Prepayment Period and deposit such amount into the Certificate Account to be distributed to the Holders of the Class II-P Certificates in accordance with Section 4.02(f4.02(h).