Common use of Distribution Accounts Clause in Contracts

Distribution Accounts. (a) The Securities Administrator shall establish and maintain in the name of the Securities Administrator on behalf of the Trustee, for the benefit of the Group I Certificateholders and Group II Certificateholders, Distribution Accounts as segregated trust accounts.

Appears in 1 contract

Samples: Distribution Instructions (Mortgage Pass-Through Certificates, Series 2005-5)

AutoNDA by SimpleDocs

Distribution Accounts. (a) The Securities Administrator shall establish and maintain maintain, a Distribution Account with respect to the Group I Loans and a Distribution Account with respect to the Group II-V Loans, in each case as a segregated trust account or accounts. The Master Servicer shall deposit in the name of related Distribution Account as identified by the Securities Administrator on behalf of Master Servicer and as received by the TrusteeMaster Servicer, the following amounts with respect to the related Loan Group(s) for the benefit of the Group I Certificateholders and Group II related Certificateholders, Distribution Accounts as segregated trust accounts.:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Deutsche Alt-a Securities, Inc. Mortgage Loan Trust, Series 2006-Ar1)

Distribution Accounts. (a) The Securities Administrator shall establish and maintain in the name of the Securities Administrator on behalf of the Trustee, for the benefit of the Group I Certificateholders and Group II Certificateholders, the Group I Distribution Accounts Account and the Group II Distribution Account as segregated trust accounts.

Appears in 1 contract

Samples: Distribution Instructions (Saco I Trust 2005-5)

AutoNDA by SimpleDocs

Distribution Accounts. (a) The Securities Administrator shall establish and maintain in the name of the Securities Administrator on behalf of the Trustee, for the benefit of the Holders of the Group I Certificateholders I-II Certificates and the Holders of the Group II CertificateholdersIII Certificates, a Distribution Accounts Account as a segregated non-interest bearing trust account or accounts.. The Securities Administrator will deposit in the related Distribution Account as identified by the Securities Administrator and as received by the Securities Administrator, the following amounts:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Nomura Asset Acceptance Corporation, Alternative Loan Trust, Series 2006-Ar2)

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