Common use of Class XP Reserve Account Clause in Contracts

Class XP Reserve Account. (a) The Paying Agent shall establish and maintain with itself a separate, segregated trust account, which shall be an Eligible Account, titled "Reserve Account, Xxxxx Fargo Bank, National Association, as Trustee for the benefit of holders of Structured Asset Mortgage Investments II Inc., Bear Xxxxxxx Mortgage Funding Trust 2007-AR5, Mortgage Pass-Through Certificates, Series 2007-AR5, Class XP." Funds on deposit in the Class XP Reserve Account shall be held in trust by the Trustee for the benefit of the holders of the related Class XP Certificates. The Class XP Reserve Account will not represent an interest in any 2007-AR5 REMIC. (b) Any amount on deposit in the Class XP Reserve Account shall be held uninvested. On the Business Day prior to each Distribution Date, the Trustee shall withdraw the amount then on deposit in the Class XP Reserve Account and deposit such amount into the Distribution Account to be distributed to the Holders of the related Class XP Certificates in accordance with Section 6.01(e). In addition, on the earlier of (x) the Business Day prior to the Distribution Date on which all the assets of the related Loan Group are repurchased as described in Section 10.01(a), and (y) the Business Day prior to the Distribution Date occurring in March 2012, the Trustee shall withdraw the amount on deposit in the Class XP Reserve Account and deposit such amount into the Distribution Account and pay such amount to the related Class XP Certificates in accordance with Section 6.01(e), and following such withdrawal the Class XP Reserve Account shall be closed.

Class XP Reserve Account. (a) The Paying Agent Securities Administrator shall establish and maintain with itself a separate, segregated trust account, which shall be an Eligible Account, titled "Reserve Account, Xxxxx Wells Fargo Bank, National Association, as Trustee for the benefit of holders of Structured Asset Mortgage Investments II Inc., Securities Administrator f/b/o Bear Xxxxxxx Mortgage Funding Trust 2007Stearns ALT-AR5A Truxx 0006-8, Mortgage Pass-Through Certificates, Series 20072006-AR58, Class XP." Funds on ". Xxxxx xn deposit in the Class XP Reserve Account shall be held in trust by the Trustee Securities Administrator for the benefit of the holders of the related Class XP Certificates. The Class XP Reserve Account will not represent an interest in any 20072006-AR5 8 REMIC. (b) Any amount on deposit in the Class XP Reserve Account shall be held uninvested. On the Business Day prior to each Distribution Date, the Trustee Securities Administrator shall withdraw the amount then on deposit in the Class XP Reserve Account and deposit such amount into the Distribution Account to be distributed to the Holders of the related Class XP Certificates in accordance with Section 6.01(e6.01(c). In addition, on the earlier of (x) the Business Day prior to the Distribution Date on which all the assets of the related Loan Group Trust Fund are repurchased as described in Section 10.01(a), ) and (y) the Business Day prior to the Distribution Date occurring in March 2012, the Trustee Securities Administrator shall withdraw the amount on deposit in the Class XP Reserve Account and Account, deposit such amount into the Distribution Account and remit such amount to the Securities Administrator and provide written instruction to the Securities Administrator to pay such amount to the related Class XP Certificates in accordance with this Section 6.01(e), 4.07 and Section 6.01(c) and following such withdrawal the Class XP Reserve Account shall be closed.

Class XP Reserve Account. (a) The Paying Agent shall establish and maintain with itself a separate, segregated trust account, which shall be an Eligible Account, titled "Reserve Account, Xxxxx Fargo Bank, National Association, as Trustee for the benefit of holders of Structured Asset Mortgage Investments II Inc., Bear Xxxxxxx Mortgage Funding Trust 2007-AR5AR4, Mortgage Pass-Through Certificates, Series 2007-AR5AR4, Class XP." Funds on deposit in the Class XP Reserve Account shall be held in trust by the Trustee for the benefit of the holders of the related Class XP Certificates. The Class XP Reserve Account will not represent an interest in any 2007-AR5 AR4 REMIC. (b) Any amount on deposit in the Class XP Reserve Account shall be held uninvested. On the Business Day prior to each Distribution Date, the Trustee shall withdraw the amount then on deposit in the Class XP Reserve Account and deposit such amount into the Distribution Account to be distributed to the Holders of the related Class XP Certificates in accordance with Section 6.01(e). In addition, on the earlier of (x) the Business Day prior to the Distribution Date on which all the assets of the related Loan Group are repurchased as described in Section 10.01(a), and (y) the Business Day prior to the Distribution Date occurring in March 2012June 2010, the Trustee shall withdraw the amount on deposit in the Class XP Reserve Account and deposit such amount into the Distribution Account and pay such amount to the related Class XP Certificates in accordance with Section 6.01(e), and following such withdrawal the Class XP Reserve Account shall be closed.

Class XP Reserve Account. (a) The Paying Agent shall establish and maintain with itself a separate, segregated trust account, which shall be an Eligible Account, titled "Reserve Account, Xxxxx Wells Fargo Bank, National Association, as Trustee for the benefit of holders of Structured Asset Structurex Xxxet Mortgage Investments II Inc., Bear Xxxxxxx Stearns Mortgage Funding Trust 20072006-AR5AR3, Mortgage Pass-Through Certificates, Series 20072006-AR5AR3, Class Xxxxs XP." Funds on deposit in the Class XP Reserve Account shall be held in trust by the Trustee for the benefit of the holders holder of the related Class XP Certificates. The Class XP Reserve Account will not represent an interest in any 20072006-AR5 AR3 REMIC. (b) Any amount on deposit in the Class XP Reserve Account shall be held uninvested. On the Business Day prior to each Distribution Date, the Trustee shall withdraw the amount then on deposit in the Class XP Reserve Account and deposit such amount into the Distribution Account to be distributed to the Holders of the related Class XP Certificates in accordance with Section 6.01(e). In addition, on the earlier of (x) the Business Day prior to the Distribution Date on which all the assets of the related Loan Group are repurchased as described in Section 10.01(a), and (y) the Business Day prior to the Distribution Date occurring in March 2012November 2009, the Trustee shall withdraw the amount on deposit in the Class XP Reserve Account and deposit such amount into the Distribution Account and pay such amount to the related Class XP Certificates in accordance with Section 6.01(e), and following such withdrawal the Class XP Reserve Account shall be closed.

Class XP Reserve Account. (a) The Paying Agent Securities Administrator shall establish and maintain with itself a separate, segregated trust account, which shall be an Eligible Account, titled "Reserve Account, Xxxxx Fargo Bank, National Association, as Trustee for the benefit of holders of Structured Asset Mortgage Investments II Inc., Securities Administrator f/b/o Bear Xxxxxxx Mortgage Funding ALT-A Trust 2007-AR5II, Mortgage Pass-Through Certificates, Series 2007-AR51, Class XP." ". Funds on deposit in the Class XP Reserve Account shall be held in trust by the Trustee Securities Administrator for the benefit of the holders of the related Class XP Certificates. The Class XP Reserve Account will not represent an interest in any 2007-AR5 1 REMIC. (b) Any amount on deposit in the Class XP Reserve Account shall be held uninvested. On the Business Day prior to each Distribution Date, the Trustee Securities Administrator shall withdraw the amount then on deposit in the Class XP Reserve Account and deposit such amount into the Distribution Account to be distributed to the Holders of the related Class XP Certificates in accordance with Section 6.01(e6.02(d). In addition, on the earlier of (x) the Business Day prior to the Distribution Date on which all the assets of the related Loan Group Trust Fund are repurchased as described in Section 10.01(a), ) and (y) the Business Day prior to the Distribution Date occurring in March October 2012, the Trustee Securities Administrator shall withdraw the amount on deposit in the Class XP Reserve Account and Account, deposit such amount into the Distribution Account and remit such amount to the Securities Administrator and provide written instruction to the Securities Administrator to pay such amount to the related Class XP Certificates in accordance with this Section 6.01(e), 4.07 and Section 6.02(d) and following such withdrawal the Class XP Reserve Account shall be closed.

Class XP Reserve Account. (a) The Paying Agent Securities Administrator shall establish and maintain with itself a separate, segregated trust account, which shall be an Eligible Account, titled "Reserve Account, Xxxxx Fargo Bank, National Association, as Trustee for the benefit of holders of Structured Asset Mortgage Investments II Inc., Securities Administrator f/b/o Bear Xxxxxxx Mortgage Funding ALT-A Trust 2007-AR53, Mortgage Pass-Through Certificates, Series 2007-AR53, Class XP." ". Funds on deposit in the Class XP Reserve Account shall be held in trust by the Trustee Securities Administrator for the benefit of the holders of the related Class XP Certificates. The Class XP Reserve Account will not represent an interest in any 2007-AR5 3 REMIC. (b) Any amount on deposit in the Class XP Reserve Account shall be held uninvested. On the Business Day prior to each Distribution Date, the Trustee Securities Administrator shall withdraw the amount then on deposit in the Class XP Reserve Account and deposit such amount into the Distribution Account to be distributed to the Holders of the related Class XP Certificates in accordance with Section 6.01(e6.01(c) and Section 6.02(d), as applicable. In addition, on the earlier of (x) the Business Day prior to the Distribution Date on which all the assets of the related Loan Group Trust Fund are repurchased as described in Section 10.01(a), ) and (y) the Business Day prior to the Distribution Date occurring in March January 2012, the Trustee Securities Administrator shall withdraw the amount on deposit in the Class XP Reserve Account and Account, deposit such amount into the Distribution Account and remit such amount to the Securities Administrator and provide written instruction to the Securities Administrator to pay such amount to the related Class XP Certificates in accordance with this Section 6.01(e4.07 and Section 6.01(c), as applicable, and following such withdrawal the Class XP Reserve Account shall be closed.

Class XP Reserve Account. (a) The Paying Agent shall establish and maintain with itself a separate, segregated trust account, which shall be an Eligible Account, titled "“Reserve Account, Xxxxx Fargo Bank, National Association, as Trustee for the benefit of holders of Structured Asset Mortgage Investments II Inc., Bear Xxxxxxx Mortgage Funding GreenPoint MTA Trust 20072005-AR5AR3, Mortgage Pass-Through Certificates, Series 20072005-AR5AR3, Class XP." ”. Funds on deposit in the Class XP Reserve Account shall be held in trust by the Trustee for the benefit holder of the holders of the related Class XP Certificates. The Class XP Reserve Account will not represent an interest in any 2007-AR5 REMIC. (b) Any amount on deposit in the Class XP Reserve Account shall be held uninvested. On the Business Day prior to each Distribution Date, the Trustee shall withdraw the amount then on deposit in the Class XP Reserve Account and deposit such amount into the Distribution Account to be distributed to the Holders of the related Class XP Certificates in accordance with Section 6.01(e6.01(f). In addition, on the earlier of (x) the Business Day prior to the Distribution Date on which all the assets of the related Loan Group Trust Fund are repurchased as described in Section 10.01(a), and (y) the Business Day prior to the Distribution Date occurring in March 2012June 2011, the Trustee shall withdraw the amount on deposit in the Class XP Reserve Account and deposit such amount into the Distribution Account and pay such amount to the related Class XP Certificates in accordance with Section 6.01(e6.01(f), and following such withdrawal the Class XP Reserve Account shall be closed.

Class XP Reserve Account. (a) The Paying Agent shall establish and maintain with itself a separate, segregated trust account, which shall be an Eligible Account, titled "Reserve Account, Xxxxx Wells Fargo Bank, National Association, as Trustee for the benefit of holders of Structured Asset Mortgage Mxxxxxge Investments II Inc., Bear Xxxxxxx Stearns Mortgage Funding Trust 20072006-AR5AR3, Mortgage Pass-Through Certificates, Series 20072006-AR5AR3, Class XPXX." Funds Xxnds on deposit in the Class XP Reserve Account shall be held in trust by the Trustee for the benefit of the holders holder of the related Class XP Certificates. The Class XP Reserve Account will not represent an interest in any 20072006-AR5 AR3 REMIC. (b) Any amount on deposit in the Class XP Reserve Account shall be held uninvested. On the Business Day prior to each Distribution Date, the Trustee shall withdraw the amount then on deposit in the Class XP Reserve Account and deposit such amount into the Distribution Account to be distributed to the Holders of the related Class XP Certificates in accordance with Section 6.01(e). In addition, on the earlier of (x) the Business Day prior to the Distribution Date on which all the assets of the related Loan Group are repurchased as described in Section 10.01(a), and (y) the Business Day prior to the Distribution Date occurring in March 2012November 2009, the Trustee shall withdraw the amount on deposit in the Class XP Reserve Account and deposit such amount into the Distribution Account and pay such amount to the related Class XP Certificates in accordance with Section 6.01(e), and following such withdrawal the Class XP Reserve Account shall be closed.

Class XP Reserve Account. (a) The Paying Agent Trustee shall establish and maintain with itself a separate, segregated trust account, which shall be an Eligible Account, titled "“Reserve Account, Xxxxx Wxxxx Fargo Bank, National Association, as Trustee for the benefit of f/b/o holders of Structured Asset Mortgage Investments II Inc., Bear Xxxxxxx Mortgage Funding GreenPoint MTA Trust 20072005-AR5AR2, Mortgage Pass-Through Certificates, Series 20072005-AR5, AR2 - Class XP." ”. Funds on deposit in the Class XP Reserve Account shall be held in trust by the Trustee for the benefit holder of the holders of the related Class XP Certificates. The Class XP Reserve Account will not represent an interest in any 2007-AR5 REMIC. (b) Any amount on deposit in the Class XP Reserve Account shall be held uninvested. On the Business Day prior to each Distribution Date, the Trustee shall withdraw the amount then on deposit in the Class XP Reserve Account and deposit such amount into the Distribution Account to be distributed to the Holders of the related Class XP Certificates in accordance with Section 6.01(e6.01(f). In addition, on the earlier of (x) the Business Day prior to the Distribution Date on which all the assets of the related Loan Group Trust Fund are repurchased as described in Section 10.01(a), and (y) the Business Day prior to the Distribution Date occurring in March 2012May 2011, the Trustee shall withdraw the amount on deposit in the Class XP Reserve Account and deposit such amount into the Distribution Account and pay such amount to the related Class XP Certificates in accordance with Section 6.01(e6.01(f), and following such withdrawal the Class XP Reserve Account shall be closed.

Class XP Reserve Account. (a) The Paying Agent Securities Administrator shall establish and maintain with itself a separate, segregated trust account, which shall be an Eligible Account, titled "“Reserve Account, Xxxxx Wells Fargo Bank, National Association, as Trustee for the benefit of holders of Structured Asset Mortgage Investments II Inc., Securities Administrator f/b/o Bear Xxxxxxx Mortgage Funding Stearns XXX-A Trust 20072006-AR56, Mortgage Pass-Through Certificates, Series 20072006-AR56, Class XP." ”. Xx xxe Closing Date, the Depositor shall deposit $100 into the Class XP Reserve Account. Funds on deposit in the Class XP Reserve Account shall be held in trust by the Trustee Securities Administrator for the benefit of the holders of the related Class XP Certificates. The Class XP Reserve Account will not represent an interest in any 20072006-AR5 6 REMIC. (b) Any amount on deposit in the Class XP Reserve Account shall be held uninvested. On the Business Day prior to each Distribution Date, the Trustee Securities Administrator shall withdraw the amount then on deposit in the Class XP Reserve Account and deposit such amount into the Distribution Account to be distributed to the Holders of the related Class XP Certificates in accordance with Section 6.01(e)6.01(c) and with regards to the initial $100 deposit, this Section 4.07. The initial $100 deposited in the Class XP Reserve Account shall be applied to the Class XP Certificates on a pro rata basis based upon the initial certificate balances stated on the Class XP Certificates. In addition, on the earlier of (x) the Business Day prior to the Distribution Date on which all the assets of the related Loan Group Trust Fund are repurchased as described in Section 10.01(a), ) and (y) the Business Day prior to the Distribution Date occurring in March July 2012, the Trustee Securities Administrator shall withdraw the amount on deposit in the Class XP Reserve Account and Account, deposit such amount into the Distribution Account and remit such amount to the Securities Administrator and provide written instruction to the Securities Administrator to pay such amount to the related Class XP Certificates in accordance with this Section 6.01(e), 4.07 and Section 6.01(c) and following such withdrawal the Class XP Reserve Account shall be closed.

Class XP Reserve Account. (a) The Paying Agent shall establish and maintain with itself a separate, segregated trust account, which shall be an Eligible Account, titled "Reserve Account, Xxxxx Fargo Bank, National Association, as Trustee for the benefit of holders of Structured Asset Mortgage Investments II Inc., Bear Xxxxxxx Structured Asset Mortgage Funding Investments II Trust 2007-AR5AR4, Mortgage Pass-Through Certificates, Series 2007-AR5AR4, Class XP." Funds on deposit in the Class XP Reserve Account shall be held in trust by the Trustee for the benefit of the holders of the related Class XP Certificates. The Class XP Reserve Account will not represent an interest in any 2007-AR5 AR4 REMIC. (b) Any amount on deposit in the Class XP Reserve Account shall be held uninvested. On the Business Day prior to each Distribution Date, the Trustee shall withdraw the amount then on deposit in the Class XP Reserve Account and deposit such amount into the Distribution Account to be distributed to the Holders of the related Class XP Certificates in accordance with Section 6.01(e). In addition, on the earlier of (x) the Business Day prior to the Distribution Date on which all the assets of the related Loan Group are repurchased as described in Section 10.01(a), and (y) the Business Day prior to the Distribution Date occurring in March 2012September 2010, the Trustee shall withdraw the amount on deposit in the Class XP Reserve Account and deposit such amount into the Distribution Account and pay such amount to the related Class XP Certificates in accordance with Section 6.01(e), and following such withdrawal the Class XP Reserve Account shall be closed.

Class XP Reserve Account. (a) The Paying Agent Securities Administrator shall establish and maintain with itself a separate, segregated trust account, which shall be an Eligible Account, titled "Reserve Account, Xxxxx Fargo Bank, National Association, as Trustee for the benefit of holders of Structured Asset Mortgage Investments II Inc., Securities Administrator f/b/o Bear Xxxxxxx Mortgage Funding ALT-A Trust 20072006-AR56, Mortgage Pass-Through Certificates, Series 20072006-AR56, Class XP." ". On the Closing Date, the Depositor shall deposit $100 into the Class XP Reserve Account. Funds on deposit in the Class XP Reserve Account shall be held in trust by the Trustee Securities Administrator for the benefit of the holders of the related Class XP Certificates. The Class XP Reserve Account will not represent an interest in any 2007-AR5 REMIC. (b) Any amount on deposit in the Class XP Reserve Account shall be held uninvested. On the Business Day prior to each Distribution Date, the Trustee Securities Administrator shall withdraw the amount then on deposit in the Class XP Reserve Account and deposit such amount into the Distribution Account to be distributed to the Holders of the related Class XP Certificates in accordance with Section 6.01(e)6.01(c) and with regards to the initial $100 deposit, this Section 4.07. The initial $100 deposited in the Class XP Reserve Account shall be applied to the Class XP Certificates on a pro rata basis based upon the initial certificate balances stated on the Class XP Certificates. In addition, on the earlier of (x) the Business Day prior to the Distribution Date on which all the assets of the related Loan Group Trust Fund are repurchased as described in Section 10.01(a), ) and (y) the Business Day prior to the Distribution Date occurring in March July 2012, the Trustee Securities Administrator shall withdraw the amount on deposit in the Class XP Reserve Account and Account, deposit such amount into the Distribution Account and remit such amount to the Securities Administrator and provide written instruction to the Securities Administrator to pay such amount to the related Class XP Certificates in accordance with this Section 6.01(e), 4.07 and Section 6.01(c) and following such withdrawal the Class XP Reserve Account shall be closed.

Class XP Reserve Account. (a) The Paying Agent shall establish and maintain with itself a separate, segregated trust account, which shall be an Eligible Account, titled "“Reserve Account, Xxxxx Wells Fargo Bank, National Association, as Trustee for the benefit of holders of Structured Asset Mortgage Xxxxgage Investments II Inc., Bear Xxxxxxx Stearns Mortgage Funding Trust 20072006-AR5AR2, Mortgage Pass-Through Certificates, Series 20072006-AR5AR2, Class XPClasx XX." ” Funds on deposit in the Class XP Reserve Account shall be held in trust by the Trustee for the benefit of the holders holder of the related Class XP Certificates. The Class XP Reserve Account will not represent an interest in any 20072006-AR5 AR2 REMIC. (b) Any amount on deposit in the Class XP Reserve Account shall be held uninvested. On the Business Day prior to each Distribution Date, the Trustee shall withdraw the amount then on deposit in the Class XP Reserve Account and deposit such amount into the Distribution Account to be distributed to the Holders of the related Class XP Certificates in accordance with Section 6.01(e). In addition, on the earlier of (x) the Business Day prior to the Distribution Date on which all the assets of the related Loan Group are repurchased as described in Section 10.01(a), and (y) the Business Day prior to the Distribution Date occurring in March June 2012, the Trustee shall withdraw the amount on deposit in the Class XP Reserve Account and deposit such amount into the Distribution Account and pay such amount to the related Class XP Certificates in accordance with Section 6.01(e), and following such withdrawal the Class XP Reserve Account shall be closed.