COLLECTION OF PAYMENTS WITH RESPECT TO THE MORTGAGE LOANS. The Indenture Trustee shall establish and maintain an Eligible Account (the "Payment Account") in which the Indenture Trustee shall, subject to the terms of this paragraph, deposit, on the same day as it is received from the Master Servicer, each remittance received by the Indenture Trustee with respect to the Mortgage Loans. The Indenture Trustee shall make all payments of principal of and interest on the Bonds, subject to Section 3.03 as provided in Section 3.05 herein from monies on deposit in the Payment Account.
Appears in 43 contracts
Samples: Indenture (Impac CMB Trust Series 1998-2), Indenture (Impac CMP Trust Series 2004-5), Indenture (Imh Assets Corp Collateralized Asset Backed Bonds Ser 2004 4)
COLLECTION OF PAYMENTS WITH RESPECT TO THE MORTGAGE LOANS. The Indenture Trustee shall establish and maintain an Eligible with itself the Note Payment Account (the "Payment Account") in which the Indenture Trustee shall, subject to the terms of this paragraph, deposit, on the same day as it is received from the Master Servicer, each remittance received by the Indenture Trustee with respect to the Mortgage Loans. The Indenture Trustee shall make all payments of principal of and interest on the BondsNotes, subject to Section 3.03 as provided in Section 3.05 herein from monies on deposit in the Note Payment Account.
Appears in 36 contracts
Samples: Indenture (Phoenix Residential Securities, LLC), Indenture (Phoenix Residential Securities, LLC), Indenture (GMACM Home Equity Loan Trust 2007-He1)
COLLECTION OF PAYMENTS WITH RESPECT TO THE MORTGAGE LOANS. The Indenture Trustee shall establish and maintain an Eligible Account with itself a trust account (the "Payment Account") in which the Indenture Trustee shall, subject to the terms of this paragraph, deposit, on the same day as it is received from the Master Servicer, each remittance received by the Indenture Trustee with respect to the Mortgage Loans. The Indenture Trustee shall make all payments of principal of and interest on the BondsNotes, subject to Section 3.03 as provided in Section 3.05 herein from monies on deposit in the Payment Account.
Appears in 30 contracts
Samples: Indenture (Argent Securities Inc), Indenture (Long Beach Securities Corp), Indenture (WMC Secured Assets Corp)
COLLECTION OF PAYMENTS WITH RESPECT TO THE MORTGAGE LOANS. The Indenture Trustee shall establish and maintain an Eligible Account (the "Payment Account") in which the Indenture Trustee shall, subject to the terms of this paragraph, shall deposit, on the same day as it is received from the Master Servicer, each remittance received by the Indenture Trustee with respect to the Mortgage Loans. The Indenture Trustee shall make all payments of principal of and interest on the BondsNotes, subject to Section 3.03 as provided in Section 3.05 herein from monies on deposit in the Payment Account.
Appears in 14 contracts
Samples: Indenture (New Century Mortgage Securities LLC), Indenture (New Century Mort Sec Inc Home Equity Loan Trust 2003 6), Indenture (New Century Home Equity Loan Trust 2004-2)
COLLECTION OF PAYMENTS WITH RESPECT TO THE MORTGAGE LOANS. The Indenture Trustee shall establish and maintain an Eligible Account (the "“Payment Account"”) in which the Indenture Trustee shall, subject to the terms of this paragraph, shall deposit, on the same day as it is received from the Master Servicer, each remittance received by the Indenture Trustee with respect to the Mortgage Loans. The Indenture Trustee shall make all payments of principal of and interest on the BondsNotes, subject to Section 3.03 as provided in Section 3.05 herein from monies on deposit in the Payment Account.
Appears in 5 contracts
Samples: Indenture (New Century Home Equity Loan Trust 2005-2), Indenture (New Century Home Equity Loan Trust 2005-3), Indenture (New Century Home Equity Loan Trust 2005-3)
COLLECTION OF PAYMENTS WITH RESPECT TO THE MORTGAGE LOANS. The Indenture Trustee shall establish and maintain an Eligible Account with itself a trust account (the "“Payment Account"”) in which the Indenture Trustee shall, subject to the terms of this paragraph, deposit, on the same day as it is received from the Master Servicer, each remittance received by the Indenture Trustee with respect to the Mortgage Loans. The Indenture Trustee shall make all payments of principal of and interest on the BondsNotes, subject to Section 3.03 as provided in Section 3.05 herein from monies on deposit in the Payment Account.
Appears in 4 contracts
Samples: Indenture (Shellpoint Mortgage Acceptance LLC), Indenture (Long Beach Securities Corp), Indenture (National City Mortgage Capital LLC)
COLLECTION OF PAYMENTS WITH RESPECT TO THE MORTGAGE LOANS. The Indenture Trustee shall establish and maintain an Eligible Account (the "“Payment Account"”) in which the Indenture Trustee shall, subject to the terms of this paragraph, deposit, on the same day as it is received from the Master Servicer, each remittance received by the Indenture Trustee with respect to the Mortgage Loans. The Indenture Trustee shall make all payments of principal of and interest on the Bonds, subject to Section 3.03 as provided in Section 3.05 herein from monies on deposit in the Payment Account.
Appears in 3 contracts
Samples: Indenture (Impac CMB Trust Series 2005-8), Indenture (IMPAC CMB Trust Series 2005-5), Indenture (Imh Assets Corp., Collateralized Asset-Backed Bonds, Series 2005-7)
COLLECTION OF PAYMENTS WITH RESPECT TO THE MORTGAGE LOANS. The Indenture Trustee shall establish and maintain an Eligible Account (the "“Payment Account"”) in which the Indenture Trustee shall, subject to the terms of this paragraph, shall deposit, on the same day as it is received from the Master Servicer, each remittance received by the Indenture Trustee with respect to the Mortgage Loans. The Indenture Trustee shall make all payments of principal of and interest on the BondsNotes, subject to Section 3.03 as provided in Section 3.05 herein from monies on deposit in the Payment Account.
Appears in 3 contracts
Samples: Indenture (New Century Alternative Mortgage Loan Trust 2006-Alt1), Indenture (New Century Home Equity Loan Trust 2006-2), Indenture (New Century Home Equity Loan Trust 2006-1)
COLLECTION OF PAYMENTS WITH RESPECT TO THE MORTGAGE LOANS. The Indenture Trustee shall establish and maintain an Eligible Account with itself a trust account (the "“Payment Account"”) in which the Indenture Trustee shall, subject to the terms of this paragraph, deposit, on the same day as it is received from the Master Servicer, each remittance received by the Indenture Trustee with respect to the Mortgage Loans. The Indenture Trustee shall make all payments of principal of and interest on the Bonds, subject to Section 3.03 as provided in Section 3.05 herein from monies on deposit in the Payment Account.
Appears in 1 contract
Samples: Indenture (Imh Assets Corp)
