Common use of Control of the Trust Account and Deferred Interest Clause in Contracts

Control of the Trust Account and Deferred Interest. (a) The Depositor, the Issuer and the Indenture Trustee hereby appoint the Trust Administrator as Securities Intermediary with respect to the Trust Account, and the Issuer has, pursuant to the Indenture, granted to the Indenture Trustee, for the benefit of the Noteholders and the Swap Counterparty, a security interest to secure all amounts due Noteholders and the Swap Counterparty hereunder in and to the Trust Account and the Security Entitlements to all Financial Assets credited to the Trust Account, including without limitation all amounts, securities, investments, Financial Assets, investment property and other property from time to time deposited in or credited to the Trust Account and all proceeds thereof. Amounts held from time to time in the Trust Account will continue to be held by the Securities Intermediary for the benefit of the Indenture Trustee, as collateral agent, for the benefit of the Noteholders and the Swap Counterparty. Upon the termination of the Issuer or the discharge of the Indenture, the Indenture Trustee shall inform the Securities Intermediary and the Swap Counterparty of such termination. By acceptance of their Notes or interests therein, the Noteholders shall be deemed to have appointed the Trust Administrator as Securities Intermediary. The Trust Administrator hereby accepts such appointment as Securities Intermediary.

Appears in 5 contracts

Samples: Transfer and Servicing Agreement (Fieldstone Mortgage Investment Trust, Series 2006-2), Transfer and Servicing Agreement (Fieldstone Mortgage Investment CORP), Transfer and Servicing Agreement (Fieldstone Mortgage Investment CORP)

AutoNDA by SimpleDocs

Control of the Trust Account and Deferred Interest. (a) The Depositor, Depositor and the Issuer and the Indenture Trustee hereby appoint the Trust Administrator Xxxxx Fargo Bank, N.A. as Securities Intermediary with respect to the Trust Account, and the Issuer has, pursuant to the Indenture, granted to the Indenture Trustee, for the benefit of the Noteholders and the Swap CounterpartyNoteholders, a security interest to secure all amounts due Noteholders and the Swap Counterparty hereunder in and to the Trust Account and the Security Entitlements to all Financial Assets credited to the Trust Account, including without limitation all amounts, securities, investments, Financial Assets, investment property and other property from time to time deposited in or credited to the Trust Account and all proceeds thereof. Amounts held from time to time in the Trust Account will continue to be held by the Securities Intermediary for the benefit of the Indenture Trustee, as collateral agent, for the benefit of the Noteholders and the Swap CounterpartyNoteholders. Upon the termination of the Issuer or the discharge of the Indenture, the Indenture Trustee shall inform the Securities Intermediary and the Swap Counterparty of such termination. By acceptance of their Notes or interests therein, the Noteholders shall be deemed to have appointed the Trust Administrator Xxxxx Fargo Bank, N.A. as Securities Intermediary. The Trust Administrator Xxxxx Fargo Bank, N.A. hereby accepts such appointment as Securities Intermediary.

Appears in 4 contracts

Samples: Transfer and Servicing Agreement (Structured Asset Securities Corp), Transfer and Servicing Agreement (Structured Asset Securities Corp), Transfer and Servicing Agreement (Aames Mortgage Investment Trust 2005-1)

Control of the Trust Account and Deferred Interest. (a) The Depositor, the Issuer and the Indenture Trustee hereby appoint the Trust Administrator Xxxxx Fargo Bank, N.A. as Securities Intermediary with respect to the Trust Account, and the Issuer has, pursuant to the Indenture, granted to the Indenture Trustee, for the benefit of the Noteholders and the Swap CounterpartyNoteholders, a security interest to secure all amounts due Noteholders and the Swap Counterparty hereunder in and to the Trust Account and the Security Entitlements to all Financial Assets credited to the Trust Account, including without limitation all amounts, securities, investments, Financial Assets, investment property and other property from time to time deposited in or credited to the Trust Account and all proceeds thereof. Amounts held from time to time in the Trust Account will continue to be held by the Securities Intermediary for the benefit of the Indenture Trustee, as collateral agent, for the benefit of the Noteholders and the Swap CounterpartyNoteholders. Upon the termination of the Issuer or the discharge of the Indenture, the Indenture Trustee shall inform the Securities Intermediary and the Swap Counterparty of such termination. By acceptance of their Notes or interests therein, the Noteholders shall be deemed to have appointed the Trust Administrator Xxxxx Fargo Bank, N.A. as Securities Intermediary. The Trust Administrator Xxxxx Fargo Bank, N.A. hereby accepts such appointment as Securities Intermediary.

Appears in 3 contracts

Samples: Transfer and Servicing Agreement (Fieldstone Mortgage Investment Trust, Series 2004-4), Transfer and Servicing Agreement (Asset Backed Sec Corp Fieldstone Mort Inv Tr Ser 2004-2), Transfer and Servicing Agreement (Fieldstone Mortgage Investment Trust, Series 2004-5)

Control of the Trust Account and Deferred Interest. (a) The Depositor, Depositor and the Issuer and the Indenture Trustee hereby appoint the Trust Administrator U.S. Bank National Association as Securities Intermediary with respect to the Trust AccountAccounts, and the Issuer has, pursuant to the Indenture, granted to the Indenture Trustee, for the benefit of the Noteholders and the Swap CounterpartyNoteholders, a security interest to secure all amounts due Noteholders and the Swap Counterparty hereunder in and to the Trust Account Accounts and the Security Entitlements to all Financial Assets credited to the Trust AccountAccounts, including without limitation all amounts, securities, investments, Financial Assets, investment property and other property from time to time deposited in or credited to the Trust Account Accounts and all proceeds thereof. Amounts held from time to time in the Trust Account Accounts will continue to be held by the Securities Intermediary for the benefit of the Indenture Trustee, as collateral agent, for the benefit of the Noteholders and the Swap CounterpartyNoteholders. Upon the termination of the Issuer or the discharge of the Indenture, the Indenture Trustee shall inform the Securities Intermediary and the Swap Counterparty of such termination. By acceptance of their Notes or interests therein, the Noteholders shall be deemed to have appointed the Trust Administrator U.S. Bank National Association as Securities Intermediary. The Trust Administrator U.S. Bank National Association hereby accepts such appointment as Securities Intermediary.

Appears in 2 contracts

Samples: Transfer and Servicing Agreement (Homebanc Corp), Transfer and Servicing Agreement (HMB Acceptance Corp.)

Control of the Trust Account and Deferred Interest. (a) The Depositor, the Issuer and the Indenture Trustee hereby appoint the Trust Administrator [ ] as Securities Intermediary with respect to the Trust Account, and the Issuer has, pursuant to the Indenture, granted to the Indenture Trustee, for the benefit of the Noteholders and the Swap CounterpartyNoteholders, a security interest to secure all amounts due Noteholders and the Swap Counterparty hereunder in and to the Trust Account and the Security Entitlements to all Financial Assets credited to the Trust Account, including without limitation all amounts, securities, investments, Financial Assets, investment property and other property from time to time deposited in or credited to the Trust Account and all proceeds thereof. Amounts held from time to time in the Trust Account will continue to be held by the Securities Intermediary for the benefit of the Indenture Trustee, as collateral agent, for the benefit of the Noteholders and the Swap CounterpartyNoteholders. Upon the termination of the Issuer or the discharge of the Indenture, the Indenture Trustee shall inform the Securities Intermediary and the Swap Counterparty of such termination. By acceptance of their Notes or interests therein, the Noteholders shall be deemed to have appointed the Trust Administrator [ ] as Securities Intermediary. The Trust Administrator , [ ] hereby accepts such appointment as Securities Intermediary.

Appears in 2 contracts

Samples: Custodial Agreement (Fieldstone Mortgage Investment CORP), Custodial Agreement (NYMT Securities CORP)

Control of the Trust Account and Deferred Interest. (a) The Depositor, Depositor and the Issuer and the Indenture Trustee hereby appoint the Trust Administrator Wells Fargo Bank, N.A. as Securities Intermediary Securitxxx Xntermediary with respect to the Trust Account, and the Issuer has, pursuant to the Indenture, granted to the Indenture Trustee, for the benefit of the Noteholders and the Swap CounterpartyNoteholders, a security interest to secure all amounts due Noteholders and the Swap Counterparty hereunder in and to the Trust Account and the Security Entitlements to all Financial Assets credited to the Trust Account, including without limitation all amounts, securities, investments, Financial Assets, investment property and other property from time to time deposited in or credited to the Trust Account and all proceeds thereof. Amounts held from time to time in the Trust Account will continue to be held by the Securities Intermediary for the benefit of the Indenture Trustee, as collateral agent, for the benefit of the Noteholders and the Swap CounterpartyNoteholders. Upon the termination of the Issuer or the discharge of the Indenture, the Indenture Trustee shall inform the Securities Intermediary and the Swap Counterparty of such termination. By acceptance of their Notes or interests therein, the Noteholders shall be deemed to have appointed the Trust Administrator Wells Fargo Bank, N.A. as Securities IntermediarySecuritxxx Xntermediary. The Trust Administrator Wells Fargo Bank, N.A. hereby accepts accxxxx such appointment as Securities Intermediary.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (Aames Mortgage Investment Trust 2005-2)

Control of the Trust Account and Deferred Interest. (a) The Depositor, the Issuer Issuing Entity and the Indenture Trustee hereby appoint the Trust Administrator as Securities Intermediary with respect to the Trust Account, and the Issuer Issuing Entity has, pursuant to the Indenture, granted to the Indenture Trustee, for the benefit of the Noteholders and the Swap Counterparty, a security interest to secure all amounts due Noteholders and the Swap Counterparty hereunder in and to the Trust Account and the Security Entitlements to all Financial Assets credited to the Trust Account, including without limitation all amounts, securities, investments, Financial Assets, investment property and other property from time to time deposited in or credited to the Trust Account and all proceeds thereof. Amounts held from time to time in the Trust Account will continue to be held by the Securities Intermediary for the benefit of the Indenture Trustee, as collateral agent, for the benefit of the Noteholders and the Swap Counterparty. Upon the termination of the Issuer Issuing Entity or the discharge of the Indenture, the Indenture Trustee shall inform the Securities Intermediary and the Swap Counterparty of such termination. By acceptance of their Notes or interests therein, the Noteholders shall be deemed to have appointed the Trust Administrator as Securities Intermediary. The Trust Administrator hereby accepts such appointment as Securities Intermediary.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (SunTrust Mortgage Securitization, LLC)

Control of the Trust Account and Deferred Interest. (a) The Depositor, the Issuer and the Indenture Trustee hereby appoint the Trust Administrator as Securities Intermediary with respect to the Trust Account, and the Issuer has, pursuant to the Indenture, granted to the Indenture Trustee, for the benefit of the Noteholders and the Swap CounterpartyNoteholders, a security interest to secure all amounts due Noteholders and the Swap Counterparty hereunder in and to the Trust Account and the Security Entitlements to all Financial Assets credited to the Trust Account, including without limitation all amounts, securities, investments, Financial Assets, investment property and other property from time to time deposited in or credited to the Trust Account and all proceeds thereof. Amounts held from time to time in the Trust Account will continue to be held by the Securities Intermediary for the benefit of the Indenture Trustee, as collateral agent, for the benefit of the Noteholders and the Swap CounterpartyNoteholders. Upon the termination of the Issuer or the discharge of the Indenture, the Indenture Trustee shall inform the Securities Intermediary and the Swap Counterparty of such termination. By acceptance of their Notes or interests therein, the Noteholders shall be deemed to have appointed the Trust Administrator as Securities Intermediary. The Trust Administrator hereby accepts such appointment as Securities Intermediary.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (New York Mortgage Trust 2005-3)

Control of the Trust Account and Deferred Interest. (a) The Depositor, the Issuer and the Indenture Trustee hereby appoint the Trust Administrator Xxxxx Fargo Bank, N.A. as Securities Intermediary with respect to the Trust Account, and the Issuer has, pursuant to the Indenture, granted to the Indenture Trustee, for the benefit of the Noteholders and the Swap Counterparty, a security interest to secure all amounts due Noteholders and the Swap Counterparty hereunder in and to the Trust Account and the Security Entitlements to all Financial Assets credited to the Trust Account, including without limitation all amounts, securities, investments, Financial Assets, investment property and other property from time to time deposited in or credited to the Trust Account and all proceeds thereof. Amounts held from time to time in the Trust Account will continue to be held by the Securities Intermediary for the benefit of the Indenture Trustee, as collateral agent, for the benefit of the Noteholders and the Swap Counterparty. Upon the termination of the Issuer or the discharge of the Indenture, the Indenture Trustee shall inform the Securities Intermediary and the Swap Counterparty of such termination. By acceptance of their Notes or interests therein, the Noteholders shall be deemed to have appointed the Trust Administrator Xxxxx Fargo Bank, N.A. as Securities Intermediary. The Trust Administrator hereby Xxxxx Fargo Bank, N.A. xxxxxx accepts such appointment as Securities Intermediary.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (Fieldstone Mortgage Investment Trust, Series 2005-1)

AutoNDA by SimpleDocs

Control of the Trust Account and Deferred Interest. (a) The Depositor, Depositor and the Issuer and the Indenture Trustee hereby appoint the Trust Administrator Xxxxx Fargo Bank, N.A. as Securities Intermediary with respect to the Trust Account, and the Issuer has, pursuant to the Indenture, granted to the Indenture Trustee, for the benefit of the Noteholders and the Swap CounterpartyNoteholders, a security interest to secure all amounts due Noteholders and the Swap Counterparty hereunder in and to the Trust Account and the Security Entitlements to all Financial Assets credited to the Trust Account, including without limitation all amounts, securities, investments, Financial Assets, investment property and other property from time to time deposited in or credited to the Trust Account and all proceeds thereof. Amounts held from time to time in the Trust Account will continue to be held by the Securities Intermediary for the benefit of the Indenture Trustee, as collateral agent, for the benefit of the Noteholders and the Swap CounterpartyNoteholders. Upon the termination of the Issuer or the discharge of the Indenture, the Indenture Trustee shall inform the Securities Intermediary and the Swap Counterparty of such termination. By acceptance of their Notes or interests therein, the Noteholders shall be deemed to have appointed the Trust Administrator Xxxxx Fargo Bank, N.A. as Securities Intermediary. The Trust Administrator hereby Xxxxx Fargo Bank, N.A. xxxxxx accepts such appointment as Securities Intermediary.

Appears in 1 contract

Samples: Custodial Agreement (Aames Mortgage Investment Trust 2006-1)

Control of the Trust Account and Deferred Interest. (a) The Depositor, Depositor and the Issuer and the Indenture Trustee hereby appoint the Trust Administrator ____________________ as Securities Intermediary with respect to the Trust Account, and the Issuer has, pursuant to the Indenture, granted to the Indenture Trustee, for the benefit of the Noteholders and the Swap CounterpartyNoteholders, a security interest to secure all amounts due Noteholders and the Swap Counterparty hereunder in and to the Trust Account and the Security Entitlements to all Financial Assets credited to the Trust Account, including without limitation all amounts, securities, investments, Financial Assets, investment property and other property from time to time deposited in or credited to the Trust Account and all proceeds thereof. Amounts held from time to time in the Trust Account will continue to be held by the Securities Intermediary for the benefit of the Indenture Trustee, as collateral agent, for the benefit of the Noteholders and the Swap CounterpartyNoteholders. Upon the termination of the Issuer or the discharge of the Indenture, the Indenture Trustee shall inform the Securities Intermediary and the Swap Counterparty of such termination. By acceptance of their Notes or interests therein, the Noteholders shall be deemed to have appointed the Trust Administrator ____________________ as Securities Intermediary. The Trust Administrator ____________________ hereby accepts such appointment as Securities Intermediary.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Indymac Abs Inc)

Control of the Trust Account and Deferred Interest. (a) The Depositor, the Issuer Issuing Entity and the Indenture Trustee hereby appoint the Trust Administrator as Securities Intermediary with respect to the Trust Account, and the Issuer Issuing Entity has, pursuant to the Indenture, granted to the Indenture Trustee, for the benefit of the Noteholders and the Swap Counterparty, a security interest to secure all amounts due Noteholders and the Swap Counterparty hereunder in and to the Trust Account and the Security Entitlements to all Financial Assets credited to the Trust Account, including without limitation all amounts, securities, investments, Financial Assets, investment property and other property from time to time deposited in or credited to the Trust Account and all proceeds thereof. 110 Amounts held from time to time in the Trust Account will continue to be held by the Securities Intermediary for the benefit of the Indenture Trustee, as collateral agent, for the benefit of the Noteholders and the Swap Counterparty. Upon the termination of the Issuer Issuing Entity or the discharge of the Indenture, the Indenture Trustee shall inform the Securities Intermediary and the Swap Counterparty of such termination. By acceptance of their Notes or interests therein, the Noteholders shall be deemed to have appointed the Trust Administrator as Securities Intermediary. The Trust Administrator hereby accepts such appointment as Securities Intermediary.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (Fieldstone Mortgage Investment CORP)

Control of the Trust Account and Deferred Interest. (a) The Depositor, the Issuer and the Indenture Trustee hereby appoint the Trust Administrator as Securities Intermediary with respect to the Trust Account, and the Issuer has, pursuant to the Indenture, granted to the Indenture Trustee, for the benefit of the Noteholders and the Swap Counterparty, a security interest to secure all amounts due Noteholders and the Swap Counterparty hereunder in and to the Trust Account and the Security Entitlements to all Financial Assets credited to the Trust Account, including without limitation all amounts, securities, investments, Financial Assets, investment property and other property from time to time deposited in or credited to the Trust Account and all proceeds thereof. Amounts held from time to time in the Trust Account will continue to be held by the Securities Intermediary for the 121 benefit of the Indenture Trustee, as collateral agent, for the benefit of the Noteholders and the Swap Counterparty. Upon the termination of the Issuer or the discharge of the Indenture, the Indenture Trustee shall inform the Securities Intermediary and the Swap Counterparty of such termination. By acceptance of their Notes or interests therein, the Noteholders shall be deemed to have appointed the Trust Administrator as Securities Intermediary. The Trust Administrator hereby accepts such appointment as Securities Intermediary.

Appears in 1 contract

Samples: Servicing Agreement (Fieldstone Mortgage Investment CORP)

Control of the Trust Account and Deferred Interest. (a) The Depositor, the Issuer and the Indenture Trustee hereby appoint the Trust Administrator Xxxxx Fargo Bank, N.A. as Securities Intermediary with respect to the Trust Account, and the Issuer has, pursuant to the Indenture, granted to the Indenture Trustee, for the benefit of the Noteholders and the Swap CounterpartyNoteholders, a security interest to secure all amounts due Noteholders and the Swap Counterparty hereunder in and to the Trust Account and the Security Entitlements to all Financial Assets credited to the Trust Account, including without limitation all amounts, securities, investments, Financial Assets, investment property and other property from time to time deposited in or credited to the Trust Account and all proceeds thereof. Amounts held from time to time in the Trust Account will continue to be held by the Securities Intermediary for the benefit of the Indenture Trustee, as collateral agent, for the benefit of the Noteholders and the Swap CounterpartyNoteholders. Upon the termination of the Issuer or the discharge of the Indenture, the Indenture Trustee shall inform the Securities Intermediary and the Swap Counterparty of such termination. By acceptance of their Notes or interests therein, the Noteholders shall be deemed to have appointed the Trust Administrator Xxxxx Fargo Bank, N.A. as Securities Intermediary. The Trust Administrator hereby Xxxxx Fargo Bank, N.A. xxxxxx accepts such appointment as Securities Intermediary.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (Fieldstone Mortgage Investment Trust, Series 2004-3)

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