Common use of Collection of Monies Clause in Contracts

Collection of Monies. Except as otherwise provided in Section 6.01, upon its receipt of a Notice of Final Distribution, the Trustee shall present and surrender the Underlying Certificate, for final payment thereon in accordance with the terms and conditions of Pooling and Servicing Agreement and such

Appears in 3 contracts

Samples: Trust Agreement (Residential Asset Gmacm Mortgage Loan Trust 2004-Jr1), Trust Agreement (Residential Accredit Loans Inc), Trust Agreement (Residential Accredit Loans Inc)

AutoNDA by SimpleDocs

Collection of Monies. Except as otherwise provided in Section 6.01, upon its receipt of a Notice of Final Distribution, the Trustee shall present and surrender the Underlying CertificateCertificates, for final payment thereon in accordance with the terms and conditions of the Pooling and Servicing Agreement and suchsuch Notice of Final Distribution. The Trustee shall promptly deposit in the Trust Certificate Account the final distribution received upon presentation and surrender of the Underlying Certificates.

Appears in 1 contract

Samples: Trust Agreement (RALI Series 2005-Qr1 Trust)

Collection of Monies. Except as otherwise provided in Section 6.01, upon its receipt of a Notice of Final Distribution, the Trustee shall present and surrender the Underlying CertificateCertificates, for final payment thereon in accordance with the terms and conditions of the Pooling and Servicing Agreement and such

Appears in 1 contract

Samples: Trust Agreement (Stanwich Asset Acceptance CO LLC)

Collection of Monies. Except as otherwise provided in Section 6.01, upon its receipt of a Notice of Final Distribution, the Trustee shall present and surrender the applicable Underlying CertificateCertificates, for final payment thereon in accordance with the terms and conditions of the related Pooling and Servicing Agreement and suchsuch Notice of Final Distribution. The Trustee shall promptly deposit in the Trust Certificate Account the final distribution received upon presentation and surrender of such Underlying Certificates.

Appears in 1 contract

Samples: Trust Agreement (RALI Series 2008-QR1Trust)

Collection of Monies. Except as otherwise provided in Section 6.01, upon its receipt of a Notice of Final Distribution, the Trustee shall present and surrender the Underlying CertificateCertificates, for final payment thereon in accordance with the terms and conditions of Pooling and Servicing Agreement and suchsuch Notice of Final Distribution. The Trustee shall promptly deposit in the Trust Certificate Account the final distribution received upon presentation and surrender of the Underlying Certificates.

Appears in 1 contract

Samples: Trust Agreement (Residential Accredit Loans Inc)

AutoNDA by SimpleDocs

Collection of Monies. Except as otherwise provided in Section 6.01, upon its receipt of a Notice of Final Distribution, the Trustee shall present and surrender the Underlying CertificateCertificates, for final payment thereon in accordance with the terms and conditions of Pooling and Servicing Agreement and such

Appears in 1 contract

Samples: Trust Agreement (RALI Series 2004-Qr1 Trust)

Collection of Monies. Except as otherwise provided in Section 6.01, upon its receipt of a Notice of Final Distribution, the Trustee shall present and surrender the Underlying CertificateCertificates to the trustee under the Pooling and Servicing Agreement, for final payment thereon in accordance with the terms and conditions of Pooling and Servicing Agreement and suchsuch Notice of Final Distribution. The Trustee shall promptly deposit in the Trust Certificate Account the final distribution received by it upon presentation and surrender of the Underlying Certificates.

Appears in 1 contract

Samples: Trust Agreement (RFMSI Series 2004-Sr1 Trust)

Time is Money Join Law Insider Premium to draft better contracts faster.