Common use of Deposit to Certificate Account Clause in Contracts

Deposit to Certificate Account. The Trustee will deposit all distributions in respect of the related Underlying REMIC Certificates received by it hereunder into the related Certificate Account. All such distributions deposited from time to time in any Certificate Account, excluding interest earnings, will be held in trust in a Certificate Account for the benefit of the Holders of the Certificates of the related Trust as herein provided, subject to withdrawal by the Trustee for the purposes set forth in Section 4.03.

Appears in 4 contracts

Samples: Remic Master Trust Agreement, Remic Master Trust Agreement, Remic Master Trust Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!