Common use of Dividend Account Clause in Contracts

Dividend Account. (a) No later than the Closing Date, on behalf of the Trust Fund, the Servicer shall establish and maintain, or cause to be established and maintained, a separate, segregated account which shall be entitled "Xxxxx Fargo Bank Minnesota, National Association, as Trustee, in trust for the registered holder of the Dividend Account Certificate issued by First Franklin Mortgage Loan Trust 2002-FF2" and which shall be an Eligible Account. The investment of funds in the Dividend Account shall be as provided in Section 3.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Financial Asset Sec Corp First Frank Mort Ln Tr 2002-Ff2)

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Dividend Account. (a) No later than the Closing Date, on behalf of the Trust Fund, the Master Servicer shall establish and maintain, or cause to be established and maintained, a separate, segregated account which shall be entitled "Xxxxx Wells Fargo Bank Minnesota, National AssociationN.A., as TrusteeXxxxtee, in trust for the registered holder of the Dividend Account Certificate issued by First Franklin Mortgage Loan Trust 20022000-FF2FF1" and which shall be an Eligible Account. The investment of funds in the Dividend Account shall be as provided in Section 3.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Financial Asset Sec Corp First Franklin Mort Ln Tr 2000 Ff1)

Dividend Account. (a) No later than the Closing Date, on behalf of the Trust Fund, the Master Servicer shall establish and maintain, or cause to be established and maintained, a separate, segregated account which shall be entitled "Xxxxx Fargo Bank Minnesota, National AssociationN.A., as Trustee, in trust for the registered holder of the Dividend Account Certificate issued by First Franklin Mortgage Loan Trust 20022001-FF2" and which shall be an Eligible Account. The investment of funds in the Dividend Account shall be as provided in Section 3.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Asset Backed Certificates Series 2001-Ff2)

Dividend Account. (a) No later than the Closing Date, on behalf of the Trust Fund, the Master Servicer shall establish and maintain, or cause to be established and maintained, a separate, segregated account which shall be entitled "Xxxxx Wells Fargo Bank Minnesota, National AssociationN.A., as TrusteeXxxxtee, in trust for the registered holder of the Dividend Account Certificate issued by First Franklin Mortgage Loan Trust 20022001-FF2FF1" and which shall be an Eligible Account. The investment of funds in the Dividend Account shall be as provided in Section 3.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Financial Asset Sec Corp Asset Backed Certs Series 2001 Ff1)

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Dividend Account. (a) No later than the Closing Date, on behalf of the Trust Fund, the Servicer shall establish and maintain, or cause to be established and maintained, a separate, segregated account which shall be entitled "Xxxxx Fargo Bank Minnesota, National Association, as Trustee, in trust for the registered holder of the Dividend Account Certificate issued by First Franklin Mortgage Loan Trust 2002-FF2FF4" and which shall be an Eligible Account. The investment of funds in the Dividend Account shall be as provided in Section 3.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Financial Asset Secs Corp First Franklin Mort Ln Tr 2002-Ff4)

Dividend Account. (a) No later than the Closing Date, on behalf of the Trust Fund, the Master Servicer shall establish and maintain, or cause to be established and maintained, a separate, segregated account which shall be entitled "Xxxxx Fargo Bank Minnesota, National Association, as Trustee, in trust for the registered holder of the Dividend Account Certificate issued by First Franklin Mortgage Loan Trust 2002-FF2FF1" and which shall be an Eligible Account. The investment of funds in the Dividend Account shall be as provided in Section 3.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Financial Assets Sec Corp First Frank Mort Ln Tr 2002-Ff1)

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