Common use of Establishment of and Deposits in Certificate Account Clause in Contracts

Establishment of and Deposits in Certificate Account. On or before the Closing Date, the Trustee shall have established, and thereafter shall maintain, a Certificate Account, which is an Eligible Account, in the form of a segregated trust account titled "GreenPoint Manufactured Housing Contract Trust, Pass-Through Certificates, Series 1999-1, Certificate Account in trust for the Trustee as trustee for the benefit of the Class A Certificateholders." As of the Closing Date, the Certificate Account shall be a segregated trust account established at The First National Bank of Chicago and shall be invested in the Trustee's Corporate Trust Short-Term Investment Fund (as long as such fund is an Eligible Investment) or other similar Eligible Investment selected by the Trustee. Eligible Investments shall mature or, in the case of a money market fund, be redeemed not later than the Business Day immediately preceding the Distribution Date next following the date of such investment (except that, if such Eligible Investment is an obligation of the institution that maintains the Certificate Account, then such Eligible Investments shall mature or, in the case of a money market fund, be redeemed not later than such Distribution Date), and shall not be sold or disposed of prior to its maturity. All such Eligible Investments shall be made in the name of the Trustee, as trustee for the benefit of the Certificateholders. Without limiting the generality of the foregoing, the Trustee shall select obligations for the investment of the Certificate Account from among the investments specified in clauses (a) and (b) of the definition of "Eligible Investments." The Trustee shall select such Eligible Investments, which shall mature as provided above, in such manner as to achieve the following objectives in the order stated: (1) preservation of principal values; and (2) maximization of income. All net income and gain realized from any such investments, to the extent provided by this Agreement, shall be added to the Certificate Account. The Servicer shall deposit in the Certificate Account as promptly as practicable (but not later than the close of business of the second Business Day) following receipt thereof:

Establishment of and Deposits in Certificate Account. On or before the Closing Date, the Trustee shall have established, and thereafter shall maintain, a (i) the Group I Certificate Account, which is an Eligible Account, in the form of a segregated trust account titled "GreenPoint Manufactured Housing Contract Trust, Pass-Through Certificates, Series 19992001-1, Group I Certificate Account in trust for the Trustee as trustee for the benefit of the Class A Group I Certificateholders" and (ii) the Group II Certificate Account, which is an Eligible Account, in the form of a segregated trust account titled "GreenPoint Manufactured Housing Contract Trust, Pass-Through Certificates, Series 2001-1, Group II Certificate Account in trust for the Trustee as trustee for the benefit of the Group II Certificateholders." As of the Closing Date, the each Certificate Account shall be a segregated trust account established at The First Bank One, National Bank of Chicago Association and shall be invested in the Trustee's Corporate Trust Short-Term Investment One Group Institutional Prime Money Market Fund (as long as such fund is an Eligible Investment) or other similar Eligible Investment selected by the Trustee. Eligible Investments shall mature or, in the case of a money market fund, be redeemed not later than the Business Day immediately preceding the Distribution Date next following the date of such investment (except that, if such Eligible Investment is an obligation of the institution that maintains the Certificate AccountAccounts, then such Eligible Investments shall mature or, in the case of a money market fund, be redeemed not later than such Distribution Date), and shall not be sold or disposed of prior to its maturity. All such Eligible Investments shall be made in the name of the Trustee, as trustee for the benefit of the Certificateholders. Without limiting the generality of the foregoing, the Trustee shall select obligations for the investment of the Certificate Account Accounts from among the investments specified in clauses (a) and (b) of the definition of "Eligible Investments." The Trustee shall select such Eligible Investments, which shall mature as provided above, in such manner as to achieve the following objectives in the order stated: (1) preservation of principal values; and (2) maximization of income. All net income and gain realized from any such investments, to the extent provided by this Agreement, shall be added to the applicable Certificate Account. The Servicer shall deposit in the applicable Certificate Account as promptly as practicable (but not later than the close of business of the second Business Day) following receipt thereof:

Establishment of and Deposits in Certificate Account. On or before the Closing Date, the Trustee shall have established, and thereafter shall maintain, a (i) the Group I Certificate Account, which is an Eligible Account, in the form of a segregated trust account titled "GreenPoint Manufactured Housing Contract Trust, Pass-Through Certificates, Series 19992000-13, Group I Certificate Account in trust for the Trustee as trustee for the benefit of the Class A Group I Certificateholders" and (ii) the Group II Certificate Account, which is an Eligible Account, in the form of a segregated trust account titled "GreenPoint Manufactured Housing Contract Trust, Pass-Through Certificates, Series 2000-3, Group II Certificate Account in trust for the Trustee as trustee for the benefit of the Group II Certificateholders." As of the Closing Date, the each Certificate Account shall be a segregated trust account established at The First Bank One, National Bank of Chicago Association and shall be invested in the Trustee's Corporate Trust Short-Term Investment One Group Institutional Money Market Fund (as long as such fund is an Eligible Investment) or other similar Eligible Investment selected by the Trustee. Eligible Investments shall mature or, in the case of a money market fund, be redeemed not later than the Business Day immediately preceding the Distribution Date next following the date of such investment (except that, if such Eligible Investment is an obligation of the institution that maintains the Certificate AccountAccounts, then such Eligible Investments shall mature or, in the case of a money market fund, be redeemed not later than such Distribution Date), and shall not be sold or disposed of prior to its maturity. All such Eligible Investments shall be made in the name of the Trustee, as trustee for the benefit of the Certificateholders. Without limiting the generality of the foregoing, the Trustee shall select obligations for the investment of the Certificate Account Accounts from among the investments specified in clauses (a) and (b) of the definition of "Eligible Investments." The Trustee shall select such Eligible Investments, which shall mature as provided above, in such manner as to achieve the following objectives in the order stated: (1) preservation of principal values; and (2) maximization of income. All net income and gain realized from any such investments, to the extent provided by this Agreement, shall be added to the applicable Certificate Account. The Servicer shall deposit in the Certificate Account as promptly as practicable (but not later than the close of business of the second Business Day) following receipt thereof:

Establishment of and Deposits in Certificate Account. On or before the Closing Date, the Trustee shall have established, and thereafter shall maintain, a Certificate Account, which is an Eligible Account, in the form of a segregated trust account titled "GreenPoint Manufactured Housing Contract Trust, Pass-Through Certificates, Series 19992000-1, Certificate Account in trust for the Trustee as trustee for the benefit of the Class A Certificateholders." As of the Closing Date, the Certificate Account shall be a segregated trust account established at The First Bank One, National Bank of Chicago Association and shall be invested in the Trustee's Corporate Trust Short-Term Investment Fund (as long as such fund is an Eligible Investment) or other similar Eligible Investment selected by the Trustee. Eligible Investments shall mature or, in the case of a money market fund, be redeemed not later than the Business Day immediately preceding the Distribution Date next following the date of such investment (except that, if such Eligible Investment is an obligation of the institution that maintains the Certificate Account, then such Eligible Investments shall mature or, in the case of a money market fund, be redeemed not later than such Distribution Date), and shall not be sold or disposed of prior to its maturity. All such Eligible Investments shall be made in the name of the Trustee, as trustee for the benefit of the Certificateholders. Without limiting the generality of the foregoing, the Trustee shall select obligations for the investment of the Certificate Account from among the investments specified in clauses (a) and (b) of the definition of "Eligible Investments." The Trustee shall select such Eligible Investments, which shall mature as provided above, in such manner as to achieve the following objectives in the order stated: (1) preservation of principal values; and (2) maximization of income. All net income and gain realized from any such investments, to the extent provided by this Agreement, shall be added to the Certificate Account. The Servicer shall deposit in the Certificate Account as promptly as practicable (but not later than the close of business of the second Business Day) following receipt thereof:

Establishment of and Deposits in Certificate Account. On or before the Closing Date, the Trustee shall have established, and thereafter shall maintain, a Certificate Account, which is an Eligible Account, in the form of a segregated trust account titled "GreenPoint Manufactured Housing Contract Trust, Pass-Through Certificates, Series 19992000-16, Certificate Account in trust for the Trustee as trustee for the benefit of the Class A Certificateholders." As of the Closing Date, the Certificate Account shall be a segregated trust account established at The First Bank One, National Bank of Chicago Association and shall be invested in the Trustee's Corporate Trust Short-Term Investment One Group Institutional Money Market Fund (as long as such fund is an Eligible Investment) or other similar Eligible Investment selected by the Trustee. Eligible Investments shall mature or, in the case of a money market fund, be redeemed not later than the Business Day immediately preceding the Distribution Date next following the date of such investment (except that, if such Eligible Investment is an obligation of the institution that maintains the Certificate Account, then such Eligible Investments shall mature or, in the case of a money market fund, be redeemed not later than such Distribution Date), and shall not be sold or disposed of prior to its maturity. All such Eligible Investments shall be made in the name of the Trustee, as trustee for the benefit of the Certificateholders. Without limiting the generality of the foregoing, the Trustee shall select obligations for the investment of the Certificate Account from among the investments specified in clauses (a) and (b) of the definition of "Eligible Investments." The Trustee shall select such Eligible Investments, which shall mature as provided above, in such manner as to achieve the following objectives in the order stated: (1) preservation of principal values; and (2) maximization of income. All net income and gain realized from any such investments, to the extent provided by this Agreement, shall be added to the Certificate Account. The Servicer shall deposit in the Certificate Account as promptly as practicable (but not later than the close of business of the second Business Day) following receipt thereof:

Establishment of and Deposits in Certificate Account. On or before the Closing Date, the Trustee shall have established, and thereafter shall maintain, a (i) the Group I Certificate Account, which is an Eligible Account, in the form of a segregated trust account titled "GreenPoint Manufactured Housing Contract Trust, Pass-Through Certificates, Series 19992001-12, Group I Certificate Account in trust for the Trustee as trustee for the benefit of the Class A Group I Certificateholders" and (ii) the Group II Certificate Account, which is an Eligible Account, in the form of a segregated trust account titled "GreenPoint Manufactured Housing Contract Trust, Pass-Through Certificates, Series 2001-2, Group II Certificate Account in trust for the Trustee as trustee for the benefit of the Group II Certificateholders." As of the Closing Date, the each Certificate Account shall be a segregated trust account established at The First Bank One, National Bank of Chicago Association and shall be invested in the Trustee's Corporate Trust Short-Term Investment One Group Institutional Prime Money Market Fund (as long as such fund is an Eligible Investment) or other similar Eligible Investment selected by the Trustee. Eligible Investments shall mature or, in the case of a money market fund, be redeemed not later than the Business Day immediately preceding the Distribution Date next following the date of such investment (except that, if such Eligible Investment is an obligation of the institution that maintains the Certificate AccountAccounts, then such Eligible Investments shall mature or, in the case of a money market fund, be redeemed not later than such Distribution Date), and shall not be sold or disposed of prior to its maturity. All such Eligible Investments shall be made in the name of the Trustee, as trustee for the benefit of the Certificateholders. Without limiting the generality of the foregoing, the Trustee shall select obligations for the investment of the Certificate Account Accounts from among the investments specified in clauses (a) and (b) of the definition of "Eligible Investments." The Trustee shall select such Eligible Investments, which shall mature as provided above, in such manner as to achieve the following objectives in the order stated: (1) preservation of principal values; and (2) maximization of income. All net income and gain realized from any such investments, to the extent provided by this Agreement, shall be added to the applicable Certificate Account. The Servicer shall deposit in the applicable Certificate Account as promptly as practicable (but not later than the close of business of the second Business Day) following receipt thereof:

Establishment of and Deposits in Certificate Account. On or before the Closing Date, the Trustee shall have established, and thereafter shall maintain, a Certificate Account, which is an Eligible Account, in the form of a segregated trust account titled "GreenPoint Manufactured Housing Contract Trust, Pass-Through Certificates, Series 1999-15, Certificate Account in trust for the Trustee as trustee for the benefit of the Class A Certificateholders." As of the Closing Date, the Certificate Account shall be a segregated trust account established at The First Bank One, National Bank of Chicago Association and shall be invested in the Trustee's Corporate Trust Short-Term Investment Fund (as long as such fund is an Eligible Investment) or other similar Eligible Investment selected by the Trustee. Eligible Investments shall mature or, in the case of a money market fund, be redeemed not later than the Business Day immediately preceding the Distribution Date next following the date of such investment (except that, if such Eligible Investment is an obligation of the institution that maintains the Certificate Account, then such Eligible Investments shall mature or, in the case of a money market fund, be redeemed not later than such Distribution Date), and shall not be sold or disposed of prior to its maturity. All such Eligible Investments shall be made in the name of the Trustee, as trustee for the benefit of the Certificateholders. Without limiting the generality of the foregoing, the Trustee shall select obligations for the investment of the Certificate Account from among the investments specified in clauses (a) and (b) of the definition of "Eligible Investments." The Trustee shall select such Eligible Investments, which shall mature as provided above, in such manner as to achieve the following objectives in the order stated: (1) preservation of principal values; and (2) maximization of income. All net income and gain realized from any such investments, to the extent provided by this Agreement, shall be added to the Certificate Account. The Servicer shall deposit in the Certificate Account as promptly as practicable (but not later than the close of business of the second Business Day) following receipt thereof:

Establishment of and Deposits in Certificate Account. On or before the Closing Date, the Trustee shall have established, and thereafter shall maintain, a Certificate Account, which is an Eligible Account, in the form of a segregated trust account titled "GreenPoint Manufactured Housing Contract Trust, Pass-Through Certificates, Series 19992000-15, Certificate Account in trust for the Trustee as trustee for the benefit of the Class A Certificateholders." As of the Closing Date, the Certificate Account shall be a segregated trust account established at The First Bank One, National Bank of Chicago Association and shall be invested in the Trustee's Corporate Trust Short-Term Investment One Group Institutional Money Market Fund (as long as such fund is an Eligible Investment) or other similar Eligible Investment selected by the Trustee. Eligible Investments shall mature or, in the case of a money market fund, be redeemed not later than the Business Day immediately preceding the Distribution Date next following the date of such investment (except that, if such Eligible Investment is an obligation of the institution that maintains the Certificate Account, then such Eligible Investments shall mature or, in the case of a money market fund, be redeemed not later than such Distribution Date), and shall not be sold or disposed of prior to its maturity. All such Eligible Investments shall be made in the name of the Trustee, as trustee for the benefit of the Certificateholders. Without limiting the generality of the foregoing, the Trustee shall select obligations for the investment of the Certificate Account from among the investments specified in clauses (a) and (b) of the definition of "Eligible Investments." The Trustee shall select such Eligible Investments, which shall mature as provided above, in such manner as to achieve the following objectives in the order stated: (1) preservation of principal values; and (2) maximization of income. All net income and gain realized from any such investments, to the extent provided by this Agreement, shall be added to the Certificate Account. In the event that the Trustee receives any amounts, as directed by the Servicer, from the 2000-4 Reserve Account, the Trustee shall deposit such amounts into the Certificate Account for distribution as part of the Available Distribution Amount on the next Distribution Date. The Servicer shall cause amounts from the 2000-4 Reserve Account to be remitted to the Trustee if the Available Distribution Amount, without taking into account the amount set forth in clauses (c) and (d) of the definition thereof, is insufficient to pay the items set forth in Section 5.02(a)(i) and (ii) hereof. The Servicer shall deposit in the Certificate Account as promptly as practicable (but not later than the close of business of the second Business Day) following receipt thereof: