Common use of Collection Account and Certificate Account Clause in Contracts

Collection Account and Certificate Account. (a) On behalf of the Trust, the Servicer shall establish and maintain, or cause to be established and maintained, one or more accounts (such account or accounts, the "Collection Account"), held in the name of the Trustee for the benefit of the Certificateholders. On behalf of the Trust, the Servicer shall deposit or cause to be deposited in the clearing account in which it customarily deposits payments and collections on mortgage loans in connection with its mortgage loan servicing activities on a daily basis, and in no event more than two Business Days after the Servicer's receipt thereof, and shall thereafter deposit in the Collection Account, in no event more than two Business Days after the Servicer's receipt thereof, as and when received or as otherwise required hereunder, the following payments and collections received or made by it subsequent to the Cut-off Date (other than in respect of principal or interest on the related Mortgage Loans due on or before the Cut-off Date), or payments (other than Principal Prepayments) received by it on or prior to the Cut-off Date but allocable to a Due Period subsequent thereto: (i) all payments on account of principal, including Principal Prepayments, on the Mortgage Loans; (ii) all payments on account of interest (net of the Servicing Fee) on each Mortgage Loan; (iii) all Insurance Proceeds and Liquidation Proceeds (other than proceeds collected in respect of any particular REO Property and amounts paid in connection with a purchase of Mortgage Loans and REO Properties pursuant to Section 10.01); (iv) any amounts required to be deposited pursuant to Section 3.12 in connection with any losses realized on Permitted Investments with respect to funds held in the Collection Account; (v) any amounts required to be deposited by the Servicer pursuant to the second paragraph of Section 3.13(a) in respect of any blanket policy deductibles; (vi) all proceeds of any Mortgage Loan repurchased or purchased in accordance with Section 2.06 or Section 10.01; (vii) all amounts required to be deposited in connection with Substitution Shortfall Amounts pursuant to Section 2.06; (viii) all Prepayment Charges collected by the Servicer in connection with the Principal Prepayment of any of the Mortgage Loans and (ix) all payments of claims under the PMI Policy. The foregoing requirements for deposit in the Collection Accounts shall be exclusive, it being understood and agreed that, without limiting the generality of the foregoing, payments in the nature of late payment charges, modification or assumption fees, or insufficient funds charges need not be deposited by the Servicer in the Collection Account and may be retained by the Servicer as additional compensation. In the event the Servicer shall deposit in the Collection Account any amount not required to be deposited therein, it may at any time withdraw such amount from the Collection Account, any provision herein to the contrary notwithstanding. (b) On behalf of the Trust, the Trust Administrator, as agent for the Trustee, shall establish and maintain one or more accounts (such account or accounts, the "Certificate Account"), held in trust for the benefit of the Trustee and the Certificateholders. On behalf of the Trust, the Servicer shall deliver to the Trust Administrator in immediately available funds for deposit in the Certificate Account on or before 3:00 p.m. New York time on the Servicer Remittance Date, that portion of the Available Funds for the related Distribution Date then on deposit in the Collection Account and the amount of all Prepayment Charges collected by the Servicer in connection with the Principal Prepayment of any of the Mortgage Loans then on deposit in the Collection Account and the amount of any funds reimbursable to an Advancing Person pursuant to Section 3.29. (c) Funds in the Collection Account and the Certificate Account may be invested in Permitted Investments in accordance with the provisions set forth in Section 3.12. The Servicer shall give notice to the Certificate Insurer, the Trustee and the Trust Administrator of the location of the Collection Account maintained by it when established and prior to any change thereof. The Trust Administrator shall give notice to the Certificate Insurer, the Servicer, the Depositor and the Trustee of the location of the Certificate Account when established and prior to any change thereof. (d) Funds held in the Collection Account at any time may be delivered by the Servicer to the Trust Administrator for deposit in an account (which may be the Certificate Account and must satisfy the standards for the Certificate Account as set forth in the definition thereof) and for all purposes of this Agreement shall be deemed to be a part of the Collection Account; provided, however, that the Trustee and the Trust Administrator shall have the sole authority to withdraw any funds held pursuant to this subsection (d). In the event the Servicer shall deliver to the Trust Administrator for deposit in the Certificate Account any amount not required to be deposited therein, it may at any time request that the Trust Administrator withdraw such amount from the Certificate Account and remit to it any such amount, any provision herein to the contrary notwithstanding. In addition, the Servicer shall deliver to the Trust Administrator from time to time for deposit, and the Trust Administrator shall so deposit, in the Certificate Account: (i) any Delinquency Advances, as required pursuant to Section 4.07; (ii) any amounts required to be deposited pursuant to Section 3.22(d) or (f) in connection with any REO Property; (iii) any amounts to be paid in connection with a purchase of Mortgage Loans and REO Properties pursuant to Section 10.01; and (iv) any amounts required to be deposited pursuant to Section 3.23 in connection with any Prepayment Interest Shortfall. (v) any Stayed Funds, as soon as permitted by the federal bankruptcy court having jurisdiction in such matters. (e) Promptly upon receipt of any Stayed Funds, whether from the Servicer, a trustee in bankruptcy, federal bankruptcy court or other source, the Trust Administrator shall deposit such funds in the Certificate Account, subject to withdrawal thereof pursuant to Section 7.02(b) or as otherwise permitted hereunder. (f) The Servicer shall deposit in the Collection Account or Certificate Account, as the case may be, any amounts required to be deposited pursuant to Section 3.12(b) in connection with losses realized on Permitted Investments with respect to funds held in the Collection Account or Certificate Account, respectively.

Collection Account and Certificate Account. (a) On behalf of the Trust, the Master Servicer shall establish and maintain, or cause to be established and maintained, one or more accounts (such account or accounts, the "Collection Account"), held in the name of the Trustee for the benefit of the Certificateholders. On behalf of the Trust, the Master Servicer shall deposit or cause to be deposited in the clearing account in which it customarily deposits payments and collections on mortgage loans in connection with its mortgage loan servicing activities on a daily basis, and in no event more than two one Business Days Day after the Master Servicer's receipt thereof, and shall thereafter deposit in the Collection Account, in no event more than two Business Days after the Master Servicer's receipt thereof, as and when received or as otherwise required hereunder, the following payments and collections received or made by it subsequent to the Cut-off Date (other than in respect of principal or interest on the related Mortgage Loans due on or before the Cut-off Date), or payments (other than Principal Prepayments) received by it on or prior to the Cut-off Date but allocable to a Due Period subsequent thereto: (i) all payments on account of principal, including Principal Prepayments, on the Mortgage Loans; (ii) all payments on account of interest (net of the related Servicing Fee) on each Mortgage Loan; (iii) all Insurance Proceeds and Liquidation Proceeds (other than proceeds collected in respect of any particular REO Property and amounts paid in connection with a purchase of Mortgage Loans and REO Properties pursuant to Section 10.01); (iv) any amounts required to be deposited pursuant to Section 3.12 in connection with any losses realized on Permitted Investments with respect to funds held in the Collection Account; (v) any amounts required to be deposited by the Master Servicer pursuant to the second paragraph of Section 3.13(a) in respect of any blanket policy deductibles; (vi) all proceeds of any Mortgage Loan repurchased or purchased in accordance with Section 2.06 or Section 10.01; (vii) all amounts required to be deposited in connection with Substitution Shortfall Amounts pursuant to Section 2.06; (viii) all Prepayment Charges collected by the Master Servicer in connection with the Principal Prepayment of any of the Mortgage Loans and (ix) all payments of claims under the PMI Policy. The foregoing requirements for deposit in the Collection Accounts shall be exclusive, it being understood and agreed that, without limiting the generality of the foregoing, payments in the nature of late payment charges, modification or assumption fees, or insufficient funds charges need not be deposited by the Master Servicer in the Collection Account and may be retained by the Master Servicer as additional compensation. In the event the Master Servicer shall deposit in the Collection Account any amount not required to be deposited therein, it may at any time withdraw such amount from the Collection Account, any provision herein to the contrary notwithstanding. (b) On behalf of the Trust, the Trust Administrator, as agent for the Trustee, shall establish and maintain one or more accounts (such account or accounts, the "Certificate Account"), held in trust for the benefit of the Trustee and the Certificateholders. On behalf of the Trust, the Master Servicer shall deliver to the Trust Administrator in immediately available funds for deposit in the Certificate Account on or before 3:00 p.m. New York time on the Master Servicer Remittance Date, that portion of the Available Funds for the related Distribution Date then on deposit in the Collection Account and the amount of all Prepayment Charges collected by the Master Servicer in connection with the Principal Prepayment of any of the Mortgage Loans then on deposit in the Collection Account and the amount of any funds reimbursable to an Advancing Person pursuant to Section 3.29. (c) Funds in the Collection Account and the Certificate Account may be invested in Permitted Investments in accordance with the provisions set forth in Section 3.12. The Master Servicer shall give notice to the Certificate Insurer, the Trustee and the Trust Administrator of the location of the Collection Account maintained by it when established and prior to any change thereof. The Trust Administrator shall give notice to the Certificate Insurer, the Master Servicer, the Depositor and the Trustee of the location of the Certificate Account when established and prior to any change thereof. (d) Funds held in the Collection Account at any time may be delivered by the Master Servicer to the Trust Administrator for deposit in an account (which may be the Certificate Account and must satisfy the standards for the Certificate Account as set forth in the definition thereof) and for all purposes of this Agreement shall be deemed to be a part of the Collection Account; provided, however, that the Trustee and the Trust Administrator shall have the sole authority to withdraw any funds held pursuant to this subsection (d). In the event the Master Servicer shall deliver to the Trust Administrator for deposit in the Certificate Account any amount not required to be deposited therein, it may at any time request that the Trust Administrator withdraw such amount from the Certificate Account and remit to it any such amount, any provision herein to the contrary notwithstanding. In addition, the Master Servicer shall deliver to the Trust Administrator from time to time for deposit, and the Trust Administrator shall so deposit, in the Certificate Account: (i) any Delinquency Advances, as required pursuant to Section 4.074.06; (ii) any amounts required to be deposited pursuant to Section 3.22(d) or (f) in connection with any REO Property; (iii) any amounts to be paid in connection with a purchase of Mortgage Loans and REO Properties pursuant to Section 10.01; and (iv) any amounts required to be deposited pursuant to Section 3.23 in connection with any Prepayment Interest Shortfall. (v) any Stayed Funds, as soon as permitted by the federal bankruptcy court having jurisdiction in such matters. (e) Promptly upon receipt of any Stayed Funds, whether from the Servicer, a trustee in bankruptcy, federal bankruptcy court or other source, the Trust Administrator shall deposit such funds in the Certificate Account, subject to withdrawal thereof pursuant to Section 7.02(b) or as otherwise permitted hereunder. (f) The Servicer shall deposit in the Collection Account or Certificate Account, as the case may be, any amounts required to be deposited pursuant to Section 3.12(b) in connection with losses realized on Permitted Investments with respect to funds held in the Collection Account or Certificate Account, respectively.

Collection Account and Certificate Account. (a) On behalf of the Trust, the The Master Servicer shall establish and maintain, maintain or cause to be established and maintained, one or more accounts (such account or accounts, maintained the "Collection Account"), held Account in the name of the Trustee Trustee's name, for the benefit of the Certificateholders. On behalf Certificateholders and the Trustee as the Holder of the Trust, the REMIC I Regular Interests and REMIC II Regular Interests. The Collection Account shall be established and maintained as an Eligible Account. The Master Servicer shall deposit or cause to be deposited in the clearing account in which it customarily deposits payments and collections on mortgage loans in connection with its mortgage loan servicing activities on a daily basis, and in no event more than Collection Account within two Business Days after of being posted by the Master Servicer's receipt thereof, and shall thereafter deposit in the Collection Account, in no event more than two Business Days after the Servicer's receipt thereof, as and when received or as otherwise required hereunder, the following payments and collections received or made by it subsequent on or with respect to the Cut-off Date (other than in respect of principal or interest on Mortgage Loans, except that payments and collections received by the related Mortgage Loans due on or before applicable Seller after the Cut-off Date), or payments (other than Principal Prepayments) received by it after application of all Monthly Payments due on or prior to before such date, will be deposited in the Cut-off Collection Account on the later of the Closing Date but allocable to a Due Period subsequent theretoor the Business Day following the receipt thereof by the Seller: (i) all payments on account of principal, including Principal Prepayments, principal on the Mortgage Loans, including the principal component of Unscheduled Payments; (ii) all payments on account of interest (net on the Mortgage Loans and the interest portion of the Servicing Fee) on each Mortgage Loanall Unscheduled Payments and all Prepayment Premiums and Yield Maintenance Charges; (iii) all Insurance Proceeds and Liquidation Proceeds (other than proceeds collected in respect of any particular REO Property and amounts paid in connection with a purchase of Mortgage Loans and REO Properties pursuant to Section 10.01); (iv) any amounts required to be deposited pursuant to Section 3.12 3.07(b), in connection with any net losses realized on Permitted Investments with respect to funds held in the Collection Account; (iv) all Net REO Proceeds withdrawn from an REO Account pursuant to Section 3.17(b); (v) any amounts received from Mortgagors which represent recoveries of Property Protection Expenses, to the extent not permitted to be retained by the Master Servicer or the Special Servicer as provided herein or required to be deposited by the Servicer pursuant to the second paragraph of Section 3.13(a) in respect of any blanket policy deductiblesan Escrow Account; (vi) all any other amounts required by the provisions of this Agreement to be deposited into the Collection Account by the Master Servicer or Special Servicer, including, without limitation, proceeds of any repurchase of a Mortgage Loan repurchased or purchased in accordance with pursuant to Section 2.06 or Section 10.01;2.03(b) hereof; and (vii) all amounts required to be deposited in connection with Substitution Shortfall Amounts pursuant to Section 2.06; (viii) all any Servicer Prepayment Charges collected by Interest Shortfalls for the Servicer in connection with next Distribution Date into the Principal Prepayment of any of Collection Account on the Mortgage Loans and (ix) all payments of claims under the PMI PolicyRemittance Date. The foregoing requirements for deposit deposits in the Collection Accounts Account shall be exclusive, it being understood and agreed that, without limiting the generality of the foregoing, payments in the nature of late payment chargescharges (subject to Section 3.12 hereof), Assumption Fees, loan modification or assumption fees, or insufficient funds loan service transaction fees, extension fees, demand fees, beneficiary statement charges and similar fees need not be deposited by the Servicer in the Collection Account and may be retained by the Master Servicer and, to the extent permitted by applicable law, the Master Servicer or the Special Servicer, as additional compensationapplicable in accordance with Section 3.12 hereof, shall be entitled to retain any such charges and fees received with respect to the Mortgage Loans. In the event that the Master Servicer shall deposit deposits in the Collection Account any amount not required to be deposited therein, it may at any time withdraw such amount from the Collection Account, any provision herein to the contrary notwithstanding. (b) On behalf of the Trust, the Trust Administrator, as agent for the Trustee, The Trustee shall establish and maintain one or more accounts (such account or accountsthe Certificate Account in the name of the Trustee, the "Certificate Account"), held in trust for the benefit of the Trustee Certificateholders and the Certificateholders. On behalf Trustee as the Holder of the Trust, the Servicer shall deliver to the Trust Administrator in immediately available funds for deposit in the REMIC I Regular Interests and REMIC II Regular Interests. The Certificate Account on or before 3:00 p.m. New York time on the Servicer Remittance Date, that portion of the Available Funds for the related Distribution Date then on deposit in the Collection Account shall be established and the amount of all Prepayment Charges collected by the Servicer in connection with the Principal Prepayment of any of the Mortgage Loans then on deposit in the Collection Account and the amount of any funds reimbursable to maintained as an Advancing Person pursuant to Section 3.29Eligible Account. (c) Funds in the Collection Account and the Certificate Account may only be invested in Permitted Investments in accordance with the provisions set forth in Section 3.12. The Servicer shall give notice to the Certificate Insurer, the Trustee and the Trust Administrator of the location of the Collection Account maintained by it when established and prior to any change thereof. The Trust Administrator shall give notice to the Certificate Insurer, the Servicer, the Depositor and the Trustee of the location of the Certificate Account when established and prior to any change thereof. (d) Funds held in the Collection Account at any time may be delivered by the Servicer to the Trust Administrator for deposit in an account (which may be the Certificate Account and must satisfy the standards for the Certificate Account as set forth in the definition thereof) and for all purposes of this Agreement shall be deemed to be a part of the Collection Account; provided, however, that the Trustee and the Trust Administrator shall have the sole authority to withdraw any funds held pursuant to this subsection (d). In the event the Servicer shall deliver to the Trust Administrator for deposit in the Certificate Account any amount not required to be deposited therein, it may at any time request that the Trust Administrator withdraw such amount from the Certificate Account and remit to it any such amount, any provision herein to the contrary notwithstanding. In addition, the Servicer shall deliver to the Trust Administrator from time to time for deposit, and the Trust Administrator shall so deposit, in the Certificate Account: (i) any Delinquency Advances, as required pursuant to Section 4.07; (ii) any amounts required to be deposited pursuant to Section 3.22(d) or (f) in connection with any REO Property; (iii) any amounts to be paid in connection with a purchase of Mortgage Loans and REO Properties pursuant to Section 10.01; and (iv) any amounts required to be deposited pursuant to Section 3.23 in connection with any Prepayment Interest Shortfall. (v) any Stayed Funds, as soon as permitted by the federal bankruptcy court having jurisdiction in such matters. (e) Promptly upon receipt of any Stayed Funds, whether from the Servicer, a trustee in bankruptcy, federal bankruptcy court or other source, the Trust Administrator shall deposit such funds in the Certificate Account, subject to withdrawal thereof pursuant to Section 7.02(b) or as otherwise permitted hereunder. (f) The Servicer shall deposit in the Collection Account or Certificate Account, as the case may be, any amounts required to be deposited pursuant to Section 3.12(b) in connection with losses realized on Permitted Investments with respect to funds held in the Collection Account or Certificate Account, respectively.Section

Collection Account and Certificate Account. (a) On behalf of the Trust, the The Master Servicer shall establish and maintain, maintain or cause to be established and maintained, one or more accounts (such account or accounts, maintained the "Collection Account"), held Account in the name of the Trustee Trustee's name, for the benefit of the Certificateholders. On behalf Certificateholders and the Trustee as the Holder of the Trust, the REMIC I Regular Interests and REMIC II Regular Interests. The Collection Account shall be established and maintained as an Eligible Account. The Master Servicer shall deposit or cause to be deposited in the clearing account in which it customarily deposits payments and collections on mortgage loans in connection with its mortgage loan servicing activities on a daily basis, and in no event more than Collection Account within two Business Days after of being posted by the Master Servicer's receipt thereof, and shall thereafter deposit in the Collection Account, in no event more than two Business Days after the Servicer's receipt thereof, as and when received or as otherwise required hereunder, the following payments and collections received or made by it subsequent on or with respect to the Cut-off Date (other than in respect of principal or interest on Mortgage Loans, except that payments and collections received by the related Mortgage Loans due on or before applicable Seller after the Cut-off Date), or payments (other than Principal Prepayments) received by it after application of all Monthly Payments due on or prior to before such date, will be deposited in the Cut-off Collection Account on the later of the Closing Date but allocable to a Due Period subsequent theretoor the Business Day following the receipt thereof by the Seller: (i) all payments on account of principal, including Principal Prepayments, principal on the Mortgage Loans, including the principal component of Unscheduled Payments; (ii) all payments on account of interest (net on the Mortgage Loans and the interest portion of the Servicing Fee) on each Mortgage Loanall Unscheduled Payments and all Prepayment Premiums and Yield Maintenance Charges; (iii) all Insurance Proceeds and Liquidation Proceeds (other than proceeds collected in respect of any particular REO Property and amounts paid in connection with a purchase of Mortgage Loans and REO Properties pursuant to Section 10.01); (iv) any amounts required to be deposited pursuant to Section 3.12 3.07(b), in connection with any net losses realized on Permitted Investments with respect to funds held in the Collection Account; (iv) all Net REO Proceeds withdrawn from an REO Account pursuant to Section 3.17(b); (v) any amounts received from Mortgagors which represent recoveries of Property Protection Expenses, to the extent not permitted to be retained by the Master Servicer or the Special Servicer as provided herein or required to be deposited by the Servicer pursuant to the second paragraph of Section 3.13(a) in respect of any blanket policy deductiblesan Escrow Account; (vi) all any other amounts required by the provisions of this Agreement to be deposited into the Collection Account by the Master Servicer or Special Servicer, including, without limitation, proceeds of any repurchase of a Mortgage Loan repurchased or purchased in accordance with pursuant to Section 2.06 or Section 10.01;2.03(b) hereof; and (vii) all amounts required to be deposited in connection with Substitution Shortfall Amounts pursuant to Section 2.06; (viii) all any Servicer Prepayment Charges collected by Interest Shortfalls for the Servicer in connection with next Distribution Date into the Principal Prepayment of any of Collection Account on the Mortgage Loans and (ix) all payments of claims under the PMI PolicyRemittance Date. The foregoing requirements for deposit deposits in the Collection Accounts Account shall be exclusive, it being understood and agreed that, without limiting the generality of the foregoing, payments in the nature of late payment chargescharges (subject to Section 3.12 hereof), Assumption Fees, loan modification or assumption fees, or insufficient funds loan service transaction fees, extension fees, demand fees, beneficiary statement charges and similar fees need not be deposited by the Servicer in the Collection Account and may be retained by the Master Servicer and, to the extent permitted by applicable law, the Master Servicer or the Special Servicer, as additional compensationapplicable in accordance with Section 3.12 hereof, shall be entitled to retain any such charges and fees received with respect to the Mortgage Loans. In the event that the Master Servicer shall deposit deposits in the Collection Account any amount not required to be deposited therein, it may at any time withdraw such amount from the Collection Account, any provision herein to the contrary notwithstanding. (b) On behalf of the Trust, the Trust Administrator, as agent for the Trustee, The Trustee shall establish and maintain one or more accounts (such account or accountsthe Certificate Account in the name of the Trustee, the "Certificate Account"), held in trust for the benefit of the Trustee Certificateholders and the Certificateholders. On behalf Trustee as the Holder of the Trust, the Servicer shall deliver to the Trust Administrator in immediately available funds for deposit in the REMIC I Regular Interests and REMIC II Regular Interests. The Certificate Account on or before 3:00 p.m. New York time on the Servicer Remittance Date, that portion of the Available Funds for the related Distribution Date then on deposit in the Collection Account shall be established and the amount of all Prepayment Charges collected by the Servicer in connection with the Principal Prepayment of any of the Mortgage Loans then on deposit in the Collection Account and the amount of any funds reimbursable to maintained as an Advancing Person pursuant to Section 3.29Eligible Account. (c) Funds in the Collection Account and the Certificate Account may only be invested in Permitted Investments in accordance with the provisions set forth in of Section 3.123.07. The Master Servicer shall give written notice to the Certificate Insurer, the Trustee and the Trust Administrator of the location of the Collection Account maintained by it when established and prior to any change thereof. The Trust Administrator shall give notice to the Certificate Insurer, the Servicer, the Depositor and the Trustee of the location and account number of the Certificate Collection Account when established and shall notify the Trustee in writing prior to any subsequent change thereof. (d) Funds held in the Collection Account at any time may be delivered by the Servicer to the Trust Administrator for deposit in an account (which may be the Certificate Account and must satisfy the standards for the Certificate Account as set forth in the definition thereof) and for all purposes of this Agreement shall be deemed to be a part of the Collection Account; provided, however, that the Trustee and the Trust Administrator shall have the sole authority to withdraw any funds held pursuant to this subsection (d). In the event the Servicer shall deliver to the Trust Administrator for deposit in the Certificate Account any amount not required to be deposited therein, it may at any time request that the Trust Administrator withdraw such amount from the Certificate Account and remit to it any such amount, any provision herein to the contrary notwithstanding. In addition, the Servicer shall deliver to the Trust Administrator from time to time for deposit, and the Trust Administrator shall so deposit, in the Certificate Account: (i) any Delinquency Advances, as required pursuant to Section 4.07; (ii) any amounts required to be deposited pursuant to Section 3.22(d) or (f) in connection with any REO Property; (iii) any amounts to be paid in connection with a purchase of Mortgage Loans and REO Properties pursuant to Section 10.01; and (iv) any amounts required to be deposited pursuant to Section 3.23 in connection with any Prepayment Interest Shortfall. (v) any Stayed Funds, as soon as permitted by the federal bankruptcy court having jurisdiction in such matters. (e) Promptly upon receipt of any Stayed Funds, whether from the Servicer, a trustee in bankruptcy, federal bankruptcy court or other source, the Trust Administrator shall deposit such funds in the Certificate Account, subject to withdrawal thereof pursuant to Section 7.02(b) or as otherwise permitted hereunder. (f) The Servicer shall deposit in the Collection Account or Certificate Account, as the case may be, any amounts required to be deposited pursuant to Section 3.12(b) in connection with losses realized on Permitted Investments with respect to funds held in the Collection Account or Certificate Account, respectively.