Common use of Deposits to Collection Account Clause in Contracts

Deposits to Collection Account. The Servicer shall use its best efforts to deposit or cause to be deposited (without duplication) within one (1) Business Day, and shall in any event deposit within two (2) Business Days, of receipt thereof in the Collection Account and retain therein in trust for the benefit of the Securityholders and the Securities Insurer: (i) all payments on account of principal on the Home Loans collected after the applicable Cut-Off Date; (ii) all payments on account of interest on the Home Loans collected after the applicable Cut-Off Date; (iii) all Net Liquidation Proceeds and Post Liquidation Proceeds pursuant to Sections 4.02 or 4.04; (iv) all Insurance Proceeds; (v) all Released Mortgaged Property Proceeds; (vi) any amounts payable in connection with the repurchase of any Home Loan and the amount of any Substitution Adjustment pursuant to Sections 2.06 and 3.05; (vii) any amount required to be deposited in the Collection Account pursuant to the receipt of proceeds from any fidelity bond or errors and omission insurance under Section 4.03 or the deposit of the Termination Price under Section 11.02; and (viii) interest and gains on funds held in the Collection Account. The Servicer shall be entitled to retain and not deposit into the Collection Account any amounts received with respect to a Home Loan that constitute additional servicing compensation pursuant to Section 7.03, and such amounts retained by the Servicer during a Due Period shall be excluded from the calculation of the Servicing Compensation that is distributable to the Servicer from the Note Distribution Account on the next Distribution Date following such Due Period.

Deposits to Collection Account. The Servicer shall use its ------------------------------ best efforts to deposit or cause to be deposited (without duplication) within one (1) Business Day, and shall in any event deposit within two (2) Business Days, of receipt thereof in the Collection Account and retain therein in trust for the benefit of the Securityholders and the Securities InsurerSecurityholders: (i) all payments on account of principal on the each Home Loans collected Loan received after the applicable its related Cut-Off Date; (ii) all payments on account of interest on the each Home Loans collected Loan received after the applicable its related Cut-Off Date; (iii) all Net Liquidation Proceeds and Post Post-Liquidation Proceeds pursuant to Sections 4.02 or 4.04; (iv) all Insurance Proceeds; (v) all Released Mortgaged Property Proceeds; (vi) any amounts payable in connection with the repurchase of any Home Loan and the amount of any Substitution Adjustment pursuant to Sections 2.06 and Section 3.05; (vii) any amount required to be deposited in the Collection Account pursuant to the receipt of proceeds from any fidelity bond or errors and omission insurance under Section 4.03 or the deposit of the Termination Price and any other proceeds of the sale of the Home Loans under Section 11.02; and (viii) interest and gains on funds held in the Collection Account. The Servicer shall be entitled to retain and not deposit into the Collection Account any amounts received with respect to a Home Loan that constitute additional servicing compensation pursuant to Section 7.03, and such amounts retained by the Servicer during a Due Period shall be excluded from the calculation of the Servicing Compensation that is distributable to the Servicer from the Note Distribution Payment Account on the next Distribution Payment Date following such Due Period.

Deposits to Collection Account. The Servicer shall use its best efforts to deposit or cause to be deposited (without duplication) within one (1) Business Day), and shall in any event deposit within two (2) Business DaysDays after receipt thereof, of receipt thereof in into the Collection Account and retain therein in trust for the benefit of the Securityholders and the Securities InsurerGrantor Trust Holder: (i) all payments on account of principal on the Home Loans collected after the applicable Cut-Off Date; (ii) all payments on account of and interest on the Home Loans collected after the applicable Cut-Off Date, including any amounts required to be deposited in the Collection Account pursuant to Section 2.07(b)(vii)(B)(IV) of the Grantor Trust Agreement; (iiiii) all Net Liquidation Proceeds and Post Liquidation Proceeds pursuant to Sections 4.02 or 4.04Section 4.11 hereof; (iviii) all Insurance Proceeds; (viv) all Released Mortgaged Property Proceeds; (viv) any amounts payable in connection with the repurchase of any Home Loan and the amount of any Substitution Adjustment pursuant to Sections Section 2.06 of the Grantor Trust Agreement and 3.05Section 3.05 hereof; (viivi) any amount required to be deposited in the Collection Account pursuant to the receipt of proceeds from any fidelity bond or errors and omission insurance under Section 4.03 or the deposit of the Termination Price under Section 11.0211.01 hereof; (vii) any amount to be deposited from the Pre-Funding Account or the Capitalized Interest Account; and (viii) interest and gains on funds held in the Collection Account. The Servicer shall be entitled to retain and not deposit into the Collection Account any amounts received with respect to a Home Loan that constitute additional servicing compensation pursuant to Section 7.037.03 hereof, and such amounts retained by the Servicer during a Due Period shall be excluded from the calculation of the Servicing Compensation that is distributable to the Servicer from the Note Distribution Payment Account on the next Distribution Payment Date following such Due Period.

Deposits to Collection Account. The Servicer shall use its best efforts to deposit or cause to be deposited (without duplication) within one (1) Business Day), and shall in any event deposit within two (2) Business DaysDays after receipt thereof, of receipt thereof in into the Collection Account and retain therein in trust for the benefit of the Securityholders and the Securities InsurerGrantor Trust Holder: (i) all payments on account of principal on the Home Loans collected after the applicable Cut-Off Date; (ii) all payments on account of and interest on the Home Loans collected after the applicable Cut-Off Date, including any amounts required to be deposited in the Collection Account pursuant to Section 2.07(b)(vii)(B)(IV) of the Grantor Trust Agreement, but excluding 73% of the interest collected on the Home Loans during the first Due Period, which shall be retained by the Transferor; (iiiii) all Net Liquidation Proceeds and Post Liquidation Proceeds pursuant to Sections 4.02 or 4.04Section 4.11 hereof; (iviii) all Insurance Proceeds; (viv) all Released Mortgaged Property Proceeds; (viv) any amounts payable in connection with the repurchase of any Home Loan and the amount of any Substitution Adjustment pursuant to Sections Section 2.06 of the Grantor Trust Agreement and 3.05Section 3.05 hereof; (viivi) any amount required to be deposited in the Collection Account pursuant to the receipt of proceeds from any fidelity bond or errors and omission insurance under Section 4.03 or the deposit of the Termination Price under Section 11.0211.01 hereof; and (viiivii) interest and gains on funds held in the Collection Account. The Servicer shall be entitled to retain and not deposit into the Collection Account any amounts received with respect to a Home Loan that constitute additional servicing compensation pursuant to Section 7.037.03 hereof, and such amounts retained by the Servicer during a Due Period shall be excluded from the calculation of the Servicing Compensation that is distributable to the Servicer from the Note Distribution Payment Account on the next Distribution Payment Date following such Due Period.

Deposits to Collection Account. The Servicer shall use its best efforts to deposit or cause to be deposited (without duplication) within one (1) Business Day, and shall in any event deposit within two (2) Business Days, of receipt thereof in the Collection Account and retain therein in trust for the benefit of the Securityholders and the Securities InsurerSecurityholders: (i) all payments on account of interest and principal on the Home Loans collected after the applicable Cut-Off Date; (ii) all payments on account of interest on the Home Loans collected after the applicable Cut-Off Date; (iii) all Net Liquidation Proceeds and Post Liquidation Proceeds pursuant to Sections 4.02 Section 4.2 or 4.04Section 4.4; (iviii) all Insurance Proceeds; (viv) all Released Mortgaged Property Proceeds; (viv) any amounts payable in connection with the repurchase of any Home Loan and the amount of any Substitution Adjustment pursuant to Sections 2.06 Section 2.6 and 3.05Section 3.5; (viivi) any amount required to be deposited in the Collection Account pursuant to the receipt of proceeds from any fidelity bond or errors and omission insurance policies under Section 4.03 4.3 or the deposit of the Termination Price under Section 11.0211.2; and (viiivii) interest and gains on funds held in any amounts to be transferred from the Collection Capitalized Interest Account. The Servicer shall be entitled to retain and not deposit into the Collection Account any amounts (such as assumption fees, modification fees, and other administrative fees, insufficient funds charges, prepayment penalties, late payment charges and investment income on earnings on the Trust Accounts (other than on the Note Distribution Account)) received with respect to a Home Loan that constitute additional servicing compensation Servicing Compensation pursuant to Section 7.037.3, and such amounts retained by the Servicer during a Due Period shall be excluded from the calculation of the Servicing Compensation that is distributable to the Servicer from the Note Distribution Account on the next Distribution Date following such Due Period.

Deposits to Collection Account. The Servicer shall use its best efforts to deposit or cause to be deposited (without duplication) within one (1) Business Day, and shall in any event deposit within two (2) Business Days, of receipt thereof in the Collection Account and retain therein in trust for the benefit of the Securityholders and the Securities Insurer:): (i) all payments on account or in respect of principal each Loan collected on the Home Loans collected or after the applicable Cut-Off Daterelated Transfer Cut- off Date or with respect to each Loan purchased from a QSPE Affiliate, all such payments allocable to such Loan on or after the related Transfer Date (net, in each case, of any Servicing Compensation retained therefrom) within two (2) Business Days after receipt thereof; (ii) all payments on account of interest on the Home Loans collected Net Liquidation Proceeds within two (2) Business Days after the applicable Cut-Off Datereceipt thereof; (iii) all Net Liquidation Proceeds and Post Liquidation Proceeds pursuant to Sections 4.02 or 4.04; (iv) all Insurance Proceeds; (v) all Released Mortgaged Property Proceeds; (vi) any amounts payable in connection with the repurchase of any Home Loan and the amount of any Substitution Adjustment pursuant to Sections 2.06 2.05 and 3.053.06 hereof concurrently with payment thereof; (viiiv) any amount required to be deposited Repurchase Price payable in the Collection Account connection with a Servicer Call pursuant to the receipt of proceeds from any fidelity bond or errors and omission insurance under Section 4.03 or 3.08 hereof concurrently with payment thereof; (v) the deposit of the Termination Price under Section 11.0210.02 hereof concurrently with payment thereof; (vi) Nonutilization Fees; (vii) [Reserved]; (viii) any payments received under Hedging Instruments or the return of amounts by the Hedging Counterparty pledged pursuant to prior Hedge Funding Requirements in accordance with the last sentence of this Section 5.01(b); and (viiiix) interest and gains on funds held any Repurchase Price payable in connection with a Servicer Put remitted by the Collection AccountServicer pursuant to Section 3.08. The Except as otherwise expressly provided in Section 5.01(c)(4)(i), the Servicer shall be entitled agrees that it will cause the Loan Originator, Borrower or other appropriate Person paying such amounts, as the case may be, to retain and not remit directly to the Servicer for deposit into the Collection Account any all amounts received with respect referenced in clauses (i) through (ix) to a Home Loan that constitute additional servicing compensation pursuant to Section 7.03, and the extent such amounts retained by are in excess of a Monthly Payment on the related Loan. To the extent the Servicer during a Due Period shall be excluded from receives any such amounts, it will deposit them into the calculation of the Servicing Compensation that is distributable to the Servicer from the Note Distribution Collection Account on the next Distribution Date following such Due Periodsame Business Day as receipt thereof.

Deposits to Collection Account. The Servicer shall use its best ------------------------------ efforts to deposit or cause to be deposited (without duplication) within one (1) Business Day, and shall in any event deposit within two (2) Business Days, of receipt thereof in the Collection Account (or within two Business Days following the Closing Date, in the case of amounts received prior to such date) and retain therein in trust for the benefit of the Securityholders and the Securities InsurerSecurityholders: (i) all payments on account of principal on the each Home Loans collected Loan received after the applicable its related Cut-Off Date; (ii) all payments on account of interest on the each Home Loans collected Loan received after the applicable its related Cut-Off Date; (iii) all Net Liquidation Proceeds and Post Post-Liquidation Proceeds pursuant to Sections 4.02 or 4.04; (iv) all Insurance Proceeds; (v) all Released Mortgaged Property Proceeds; (vi) any amounts payable in connection with the repurchase of any Home Loan and the amount of any Substitution Adjustment pursuant to Sections 2.06 and Section 3.05; (vii) any amount required to be deposited in the Collection Account pursuant to the receipt of proceeds from any fidelity bond or errors and omission insurance under Section 4.03 or the deposit of the Termination Price and any other proceeds of the sale of the Home Loans under Section 11.02; and (viii) interest and gains on funds held in the Collection Account. The Servicer shall be entitled to retain and not deposit into the Collection Account any amounts received with respect to a Home Loan that constitute additional servicing compensation pursuant to Section 7.03, and such amounts retained by the Servicer during a Due Period shall be excluded from the calculation of the Servicing Compensation that is distributable to the Servicer from the Note Distribution Payment Account on the next Distribution Payment Date following such Due Period.

Deposits to Collection Account. The Servicer shall use its best efforts to deposit or cause to be deposited (without duplication) within one (1) Business Day), and shall in any event deposit within two (2) Business DaysDays after receipt thereof, of receipt thereof in into the Collection Account and retain therein in trust for the benefit of the Securityholders and the Securities InsurerGrantor Trust Holder: (i) all payments on account of principal on the Home Loans collected after the applicable Cut-Off Date; (ii) all payments on account of and interest on the Home Loans collected after the applicable Cut-Off Date, including any amounts required to be deposited in the Collection Account pursuant to Section 2.07(b)(vii)(B)(IV) of the Grantor Trust Agreement; (iiiii) all Net Liquidation Proceeds and Post Post-Liquidation Proceeds pursuant to Sections 4.02 or 4.04; (iviii) all Insurance Proceeds; (viv) all Released Mortgaged Property Proceeds; (viv) any amounts payable in connection with the repurchase of any Home Loan and the amount of any Substitution Adjustment pursuant to Sections Section 2.06 of the Grantor Trust Agreement and 3.05Section 3.05 hereof; (viivi) any amount required to be deposited in the Collection Account pursuant to the receipt of proceeds from any fidelity bond or errors and omission insurance under Section 4.03 or the deposit of the Termination Price under Section 11.0211.01 hereof; (vii) any amount to be deposited from the Pre-Funding Account or the Capitalized Interest Account; (viii) all FHA Insurance Payment Amounts; and (viiiix) interest and gains on funds held in the Collection Account. The Servicer shall be entitled to retain and not deposit into the Collection Account any amounts received with respect to a Home Loan that constitute additional servicing compensation pursuant to Section 7.037.03 hereof, and such amounts retained by the Servicer Servicer during a Due Period shall be excluded from the calculation of the Servicing Compensation that is distributable to the Servicer from the Note Distribution Payment Account on the next Distribution Payment Date following such Due Period.. All payments from Obligors received on FHA Loans from or on behalf of an Obligor shall be allocated in accordance with Title I.

Deposits to Collection Account. The Servicer shall use its best efforts to deposit or cause to be deposited (without duplication) within one (1) Business Day), and shall in any event deposit within two (2) Business DaysDays after receipt thereof, of receipt thereof in into the Collection Account and retain therein in trust for the benefit of the Securityholders and the Securities InsurerSecurityholders: (i) all payments on account of principal on the Home Loans collected after the applicable Cut-Off Date; (ii) all payments on account of and interest on the Home Loans collected after the applicable Cut-Off Date, including any amounts required to be deposited in the collection account pursuant to Section 2.06(b)(viii)(B)(IV) hereof; (iiiii) all Net Liquidation Proceeds and Post Liquidation Proceeds pursuant to Sections 4.02 or 4.04Section 4.11 hereof; (iviii) all Insurance Proceeds; (viv) all Released Mortgaged Property Proceeds; (viv) any amounts payable in connection with the repurchase of any Home Loan and the amount of any Substitution Adjustment pursuant to Sections 2.06 2.05 and 3.053.05 hereof; (viivi) any amount required to be deposited in the Collection Account pursuant to the receipt of proceeds from any fidelity bond or errors and omission insurance under Section 4.03 or the deposit of the Termination Price under Section 11.0211.01 hereof; (vii) any amount to be deposited from the Pre-Funding Account or the Capitalized Interest Account; and (viii) interest and gains on funds held in the Collection Account. The Servicer shall be entitled to retain and not deposit into the Collection Account any amounts received with respect to a Home Loan that constitute additional servicing compensation pursuant to Section 7.037.03 hereof, and such amounts retained by the Servicer during a Due Period shall be excluded from the calculation of the Servicing Compensation that is distributable to the Servicer from the Note Distribution Account on the next Distribution Date following such Due Period.

Deposits to Collection Account. The Servicer shall use its best efforts to deposit or cause to be deposited (without duplication) within one (1) Business Day), and shall in any event deposit within two (2) Business DaysDays after receipt thereof, of receipt thereof in into the Collection Account and retain therein in trust for the benefit of the Securityholders Grantor Trust Holder and the Securities Insurer: (i) all payments on account of principal on the Home Loans collected after the applicable Cut-Off Date; (ii) all payments on account of and interest on the Home Loans collected after the applicable Cut-Off Date, except for 13.33% of the interest collected on the Home Loans during the first Due Period, which shall be retained by the Transferor; (ii) all Net Liquidation Proceeds pursuant to Section 4.11 hereof; (iii) all Net Liquidation Proceeds and Post Liquidation Proceeds pursuant to Sections 4.02 or 4.04; (iv) all Property Insurance Proceeds; (viv) all Released Mortgaged Property Proceeds; (viv) any amounts payable in connection with the repurchase of any Home Loan and the amount of any Substitution Adjustment pursuant to Sections Section 2.06 of the Grantor Trust Agreement and 3.05Section 3.05 hereof; (viivi) any amount required to be deposited in the Collection Account pursuant to the receipt of proceeds from any fidelity bond or errors and omission insurance under Section 4.03 or the deposit of the Termination Price under Section 11.0211.01 hereof; and (viiivii) interest and gains on funds held in the Collection Account. The Servicer shall be entitled to retain and not deposit into the Collection Account any amounts received with respect to a Home Loan that constitute additional servicing compensation pursuant to Section 7.037.03 hereof, and such amounts retained by the Servicer during a Due Period shall be excluded from the calculation of the Servicing Compensation that is distributable to the Servicer from the Note Distribution Payment Account on the next Distribution Payment Date following such Due Period.

Deposits to Collection Account. The Servicer shall use its best efforts to deposit or cause to be deposited (without duplication) within one (1) Business Day), and shall in any event deposit within two (2) Business DaysDays after receipt thereof, of receipt thereof in into the Collection Account and retain therein in trust for the benefit of the Securityholders and the Securities InsurerSecurityholders: (i) all payments on account in respect of principal on interest due with respect to the Home Loans collected on or after the applicable Cut-Off Date and all payments in respect of principal received after the Cut-Off Date, including any amounts required to be deposited in the Collection Account pursuant to Section 2.06(b)(vii)(B)(IV) hereof; (ii) all payments on account of interest on Net Liquidation Proceeds pursuant to Section 4.11 hereof, to the Home Loans collected after the applicable Cut-Off Dateextent required under Section 4.08; (iii) all Net Liquidation Proceeds and Post Liquidation Proceeds pursuant Insurance Proceeds, to Sections 4.02 or 4.04the extent required under Section 4.08; (iv) all Insurance Proceeds; (v) all Released Mortgaged Property Proceeds; (viv) any amounts payable in connection with the repurchase of any Home Loan and the amount of any Substitution Adjustment pursuant to Sections 2.06 2.05 and 3.053.05 hereof; (viivi) any amount required to be deposited in the Collection Account pursuant to the receipt of proceeds from any fidelity bond or errors and omission insurance under Section 4.03 or the deposit of the Termination Price under Section 11.0211.01 hereof; (vii) any amount to be deposited from the Pre-Funding Account or the Capitalized Interest Account; and (viii) interest and gains on funds held in the Collection Account. The Servicer shall be entitled to retain and not deposit into the Collection Account any amounts received with respect to a Home Loan that constitute additional servicing compensation pursuant to Section 7.037.03 hereof, and such amounts retained by the Servicer during a Due Period shall be excluded from the calculation of the Servicing Compensation that is distributable to the Servicer from the Note Distribution Account on the next Distribution Date following such Due Period.

Deposits to Collection Account. The Servicer shall use its ------------------------------ best efforts to deposit or cause to be deposited (without duplication) within one (1) Business Day, and shall in any event deposit within two (2) Business Days, of receipt thereof in the Collection Account and retain therein in trust for the benefit of the Securityholders and the Securities InsurerCertificateholders: (i) all payments on account of principal on the Home Loans collected after the applicable Cut-Off Date; (ii) all payments on account of interest on the Home Loans collected due after the applicable Cut-Off Date; (iii) all Net Liquidation Proceeds and Post Liquidation Proceeds pursuant to Sections 4.02 or 4.04;Section 4.02; ------------ (iv) all Insurance Proceeds; (v) all Released Mortgaged Property Proceeds; (vi) any amounts payable in connection with the repurchase of any Home Loan and the amount of any Substitution Adjustment pursuant to Sections 2.06 2.06, 3.06 and 3.05;4.12(b); ------------- ---- ------- (vii) any amount required to be deposited in the Collection Account pursuant to the receipt of proceeds from any fidelity bond or errors and omission insurance policies under Section 4.03 4.02 or the deposit of the Termination Price under Section 11.02------------ 12.01; (viii) all payments by Obligors in respect of premiums on FHA Insurance; (ix) all FHA Insurance Payment Amounts; and (viiix) interest and gains on funds held in the Collection Account. The Servicer shall be entitled to retain and not deposit into the Collection Account any amounts received with respect to a Home Loan that constitute additional servicing compensation pursuant to Section 7.03, and ------------ such amounts retained by the Servicer during a Due Period shall be excluded from the calculation of the Servicing Compensation that is distributable to the Servicer from the Note Certificate Distribution Account on the next Distribution Date following such Due Period.. All Payments from Obligors received on FHA Loans from or on behalf of an Obligor shall be allocated in accordance with Title I.

Deposits to Collection Account. The Servicer shall use its best efforts to deposit or cause to be deposited (without duplication) within one (1) Business Day, and shall in any event deposit within two (2) Business Days, of receipt thereof in the Collection Account and retain therein in trust for the benefit of the Securityholders Noteholders and the Securities Note Insurer: (i) all payments on account of principal on the each Home Loans collected Loan received on or after the applicable its related Cut-Off Date; (ii) all payments on account of interest on the each Initial Home Loans collected Loan received on or after the applicable June 1, 1997; (iii) all payments on account of interest on each Subsequent Home Loan received on or after its related Cut-Off Date; (iiiiv) all Net Liquidation Proceeds and Post Liquidation Proceeds pursuant to Sections 4.02 or 4.04; (ivv) all Insurance Proceeds; (vvi) all Released Mortgaged Property Proceeds; (vivii) any amounts payable in connection with the repurchase of any Home Loan and the amount of any Substitution Adjustment pursuant to Sections 2.06 and 3.05Section 3.05 or Section 2.9(c) of the Indenture; (viiviii) any amount required to be deposited in the Collection Account pursuant to the receipt of proceeds from any fidelity bond or errors and omission insurance under Section 4.03 or the deposit of the Termination Price under Section 11.02; and (viiiix) interest and gains on funds held in the Collection Account. The Servicer shall be entitled to retain and not deposit into the Collection Account any amounts received with respect to a Home Loan that constitute additional servicing compensation pursuant to Section 7.03, and such amounts retained by the Servicer during a Due Period shall be excluded from the calculation of the Servicing Compensation that is distributable to the Servicer from the Note Distribution Payment Account on the next Distribution Payment Date following such Due Period.