Common use of Control of the Trust Accounts Clause in Contracts

Control of the Trust Accounts. (a) The Depositor, the Issuer and the Indenture Trustee hereby appoint Deutsche Bank Trust Company Americas as Securities Intermediary with respect to the Trust Accounts and the Issuer has, pursuant to the Indenture, granted to the Indenture Trustee, for the benefit of the Noteholders, a security interest to secure all amounts due Noteholders hereunder in and to the Trust Accounts and the Security Entitlements to all Financial Assets credited to the Trust Accounts, 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 Accounts and all proceeds thereof. Amounts held from time to time in the Trust 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. Upon the termination of the Issuer or the discharge of the Indenture, the Indenture Trustee shall inform the Securities Intermediary of such termination. By acceptance of their Notes or interests therein, the Noteholders shall be deemed to have appointed Deutsche Bank Trust Company Americas as Securities Intermediary. Deutsche Bank Trust Company Americas hereby accepts such appointment as Securities Intermediary;

Appears in 7 contracts

Samples: Sale and Servicing Agreement (Saxon Asset Securities Trust 2005-1), Sale and Servicing Agreement (Saxon Asset Securities Trust 2004-3), Sale and Servicing Agreement (Sast 2006-3)

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Control of the Trust Accounts. (a) The Depositor, the Issuer and the Indenture Trustee (is hereby directed to and does) hereby appoint Deutsche Bank Trust Company Americas Wxxxx Fargo Bank, N.A., as Securities Intermediary with respect to each of the Trust Accounts Accounts, and the Issuer has, pursuant to the Indenture, granted to the Indenture Trustee, for the benefit of the Noteholders, a security interest to secure all amounts due Noteholders hereunder in and to the Trust Accounts and the Security Entitlements to all Financial Assets credited to the Trust Accounts, 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 Accounts and all proceeds thereof. Amounts held from time to time in the Trust 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. Upon the termination of the Issuer or the discharge of the Indenture, the Securities Administrator on behalf of the Indenture Trustee shall inform the Securities Intermediary of such termination. By acceptance of their Notes Securities or interests therein, the Noteholders Securityholders shall be deemed to have appointed Deutsche Wxxxx Fargo Bank Trust Company Americas N.A. as Securities Intermediary. Deutsche Wxxxx Fargo Bank Trust Company Americas N.A. hereby accepts such appointment as Securities Intermediary;

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Thornburg Mortgage Securities Trust 2007-2), Sale and Servicing Agreement (Thornburg Mortgage Securities Trust 2007-1)

Control of the Trust Accounts. (a) The Depositor, the Issuer and the Indenture Trustee hereby appoint Deutsche Bank Trust Company Americas [ ] as Securities Intermediary with respect to the Trust Accounts and the Issuer has, pursuant to the Indenture, granted to the Indenture Trustee, for the benefit of the Noteholders, a security interest to secure all amounts due Noteholders hereunder in and to the Trust Accounts and the Security Entitlements to all Financial Assets credited to the Trust Accounts, 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 Accounts and all proceeds thereof. Amounts held from time to time in the Trust 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. Upon the termination of the Issuer or the discharge of the Indenture, the Indenture Trustee shall inform the Securities Intermediary of such termination. By acceptance of their Notes or interests therein, the Noteholders shall be deemed to have appointed Deutsche Bank Trust Company Americas [ ] as Securities Intermediary. Deutsche Bank Trust Company Americas [ ] hereby accepts such appointment as Securities Intermediary;

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Saxon Asset Securities Co), Sale and Servicing Agreement (Saxon Asset Securities Co)

Control of the Trust Accounts. (a) The Depositor, the Issuer and the Indenture Trustee hereby appoint Deutsche Bank National Trust Company Americas as Securities Intermediary with respect to the Trust Accounts Accounts, and the Issuer has, pursuant to the Indenture, granted to the Indenture Trustee, for the benefit of the NoteholdersSecurityholders, a security interest to secure all amounts due Noteholders Securityholders hereunder in and to the Trust Accounts and the Security Entitlements to all Financial Assets credited to the Trust Accounts, 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 Accounts and all proceeds thereof. Amounts held from time to time in the Trust 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 NoteholdersSecurityholders. Upon the termination of the Issuer Trust or the discharge of the Indenture, the Indenture Trustee shall inform the Securities Intermediary of such termination. By acceptance of their Notes Securities or interests therein, the Noteholders Securityholders shall be deemed to have appointed Deutsche Bank National Trust Company Americas as Securities Intermediary. Intermediary and Deutsche Bank National Trust Company Americas hereby accepts such appointment as Securities Intermediary;.

Appears in 2 contracts

Samples: Servicing Agreement (Greenpoint Mortgage Funding Trust 2005-He4), Sale and Servicing Agreement (Greenpoint Mortgage Funding Trust 2005-He1)

Control of the Trust Accounts. (a) The Depositor, the Issuer Issuing Entity and the Indenture Trustee hereby appoint Deutsche Bank National Trust Company Americas as Securities Intermediary with respect to the Trust Accounts Accounts, and the Issuer Issuing Entity has, pursuant to the Indenture, granted to the Indenture Trustee, for the benefit of the NoteholdersSecurityholders, a security interest to secure all amounts due Noteholders Securityholders hereunder in and to the Trust Accounts and the Security Entitlements to all Financial Assets credited to the Trust Accounts, 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 Accounts and all proceeds thereof. Amounts held from time to time in the Trust 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 NoteholdersSecurityholders. Upon the termination of the Issuer Trust or the discharge of the Indenture, the Indenture Trustee shall inform the Securities Intermediary of such termination. By acceptance of their Notes Securities or interests therein, the Noteholders Securityholders shall be deemed to have appointed Deutsche Bank National Trust Company Americas as Securities Intermediary. Intermediary and Deutsche Bank National Trust Company Americas hereby accepts such appointment as Securities Intermediary;.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Financial Asset Securities Corp)

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Control of the Trust Accounts. (a) The Depositor, the Issuer and the Indenture Trustee (is hereby directed to and does) hereby appoint Deutsche Bank Trust Company Americas [ ], as Securities Intermediary with respect to each of the Trust Accounts Accounts, and the Issuer has, pursuant to the Indenture, granted to the Indenture Trustee, for the benefit of the Noteholders, a security interest to secure all amounts due Noteholders hereunder in and to the Trust Accounts and the Security Entitlements to all Financial Assets credited to the Trust Accounts, 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 Accounts and all proceeds thereof. Amounts held from time to time in the Trust 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. Upon the termination of the Issuer or the discharge of the Indenture, the Securities Administrator on behalf of the Indenture Trustee shall inform the Securities Intermediary of such termination. By acceptance of their Notes Securities or interests therein, the Noteholders Securityholders shall be deemed to have appointed Deutsche Bank Trust Company Americas [ ] as Securities Intermediary. Deutsche Bank Trust Company Americas [ ] hereby accepts such appointment as Securities Intermediary;

Appears in 1 contract

Samples: Sale and Servicing Agreement (Thornburg Mortgage Securities Corp)

Control of the Trust Accounts. (a) The Depositor, the Issuer and the Indenture Trustee is hereby directed to and does hereby appoint Deutsche Bank Trust Company Americas Xxxxx Fargo Bank, N.A., as Securities Intermediary with respect to each of the Trust Accounts Accounts, and the Issuer has, pursuant to the Indenture, granted to the Indenture Trustee, for the benefit of the Noteholders, a security interest to secure all amounts due Noteholders hereunder in and to the Trust Accounts and the Security Entitlements to all Financial Assets credited to the Trust Accounts, 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 Accounts and all proceeds thereof. Amounts held from time to time in the Trust Accounts will continue to be held by the Securities Intermediary for the benefit of the Indenture Trustee, as collateral agent, Trustee for the benefit of the Noteholders. Upon the termination of the Issuer or the discharge of the Indenture, the Securities Administrator on behalf of the Indenture Trustee shall inform the Securities Intermediary of such termination. By acceptance of their Notes or interests therein, the Noteholders shall be deemed to have appointed Deutsche Xxxxx Fargo Bank Trust Company Americas as Securities Intermediary. Deutsche Bank Trust Company Americas hereby N.A. xxxxxx accepts such appointment as Securities Intermediary;

Appears in 1 contract

Samples: Execution (PHH Mortgage Trust, Series 2008-Cim2)

Control of the Trust Accounts. (a) The Depositor, the Issuer and the Indenture Trustee (is hereby directed to and does) hereby appoint Deutsche Bank Trust Company Americas Xxxxx Fargo Bank, N.A., as Securities Intermediary with respect to each of the Trust Accounts Accounts, and the Issuer has, pursuant to the Indenture, granted to the Indenture Trustee, for the benefit of the Noteholders, a security interest to secure all amounts due Noteholders hereunder in and to the Trust Accounts and the Security Entitlements to all Financial Assets credited to the Trust Accounts, 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 Accounts and all proceeds thereof. Amounts held from time to time in the Trust 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. Upon the termination of the Issuer or the discharge of the Indenture, the Securities Administrator on behalf of the Indenture Trustee shall inform the Securities Intermediary of such termination. By acceptance of their Notes Securities or interests therein, the Noteholders Securityholders shall be deemed to have appointed Deutsche Xxxxx Fargo Bank Trust Company Americas N.A. as Securities Intermediary. Deutsche Xxxxx Fargo Bank Trust Company Americas N.A. hereby accepts such appointment as Securities Intermediary;

Appears in 1 contract

Samples: Sale and Servicing Agreement (Structured Asset Mortgage Investments Ii Inc)

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