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

Establishment of and Deposits in Certificate Accounts. On or before the Closing Date, the Trustee shall have established, and thereafter shall maintain, with respect to each Group of Contracts, a Certificate Account which is an Eligible Account, in the form of one or more separate custodial accounts, titled (i) in the case of the Group I Contracts, "Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, 1998A (Vanderbilt Mortgage and Finance, Inc., Seller), Group I, in trust for the Trustee" and (ii) in the case of the Group II Contracts, "Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, 1998A (Vanderbilt Mortgage and Finance, Inc., Seller), Group II, in trust for the Trustee". The Trustee shall cause moneys in each Certificate Account to be invested in Eligible Investments as directed in writing by the Servicer, which shall mature or, in the case of a money market fund, be redeemed not later than the Business Day immediately preceding the Remittance Date next following the date of such investment (except that if such Eligible Investment is an obligation of the institution that maintains such Certificate Account, then such Eligible Investments shall mature or, in the case of a money market fund, be redeemed not later than such Remittance 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. The Servicer shall promptly notify the Trustee upon obtaining knowledge that an instrument or account in which a Certificate Account is invested has ceased to be an Eligible Investment or Eligible Account. All net income and gain realized from any such investments, to the extent provided by this Agreement, shall be added to the related 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 Accounts. On or before the Closing Date, the Trustee shall have established, and thereafter shall maintain, with respect to each Group of Contracts, a Certificate Account which is an Eligible Account, in the form of one or more separate custodial accounts, titled (i) in the case of the Group I Contracts, "Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, 1998A 2000A (Vanderbilt Mortgage and Finance, Inc., Seller), Group I, in trust for the Trustee" and (ii) in the case of the Group II Contracts, "Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, 1998A 2000A (Vanderbilt Mortgage and Finance, Inc., Seller), Group II, in trust for the Trustee". ." The Trustee shall cause moneys in each Certificate Account to be invested in Eligible Investments as directed in writing by the Servicer, which shall mature or, in the case of a money market fund, be redeemed not later than the Business Day immediately preceding the Remittance Date next following the date of such investment (except that if such Eligible Investment is an obligation of the institution that maintains such Certificate Account, then such Eligible Investments shall mature or, in the case of a money market fund, be redeemed not later than such Remittance 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. The Servicer shall promptly notify the Trustee upon obtaining knowledge that an instrument or account in which a Certificate Account is invested has ceased to be an Eligible Investment or Eligible Account. All net income and gain realized from any such investments, to the extent provided by this Agreement, shall be added to the related Certificate Account. In no event shall the Trustee be liable for any loss from any such investments. 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 Accounts. On or before the Closing Date, the Trustee shall have established, and thereafter shall maintain, with respect to each Group of Contracts, a Certificate Account which is an Eligible Account, in the form of one or more separate custodial accounts, a segregated trust account titled (i) in the case of the Group I Contracts, "BankAmerica Manufactured Housing Contract Trust II, Senior/Subordinate Pass-Through Certificates, 1998A (Vanderbilt Mortgage and FinanceSeries 1997-1, Inc., Seller), Group I, Certificate Account in trust for the Trustee" and (ii) in Trustee as trustee for the case benefit of the Group II ContractsCertificateholders." As of the Closing Date, "Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, 1998A (Vanderbilt Mortgage and Finance, Inc., Seller), Group II, in trust for the Trustee". The Trustee shall cause moneys in each Certificate Account to 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 as directed in writing by the Servicer, which shall mature or, in the case of a money market fund, be redeemed not later than the Business Day immediately preceding the Remittance Distribution Date next following the date of such investment (except that that, if such Eligible Investment is an obligation of the institution that maintains such the Certificate Account, then such Eligible Investments shall mature or, in the case of a money market fund, be redeemed not later than such Remittance 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. The Servicer shall promptly notify Without limiting the generality of the foregoing, the Trustee upon obtaining knowledge that an instrument or account in which a shall select obligations for the investment of the Certificate Account is invested has ceased 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 be an Eligible Investment or Eligible Accountachieve 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 related 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 Accounts. On or before the Closing Date, the Trustee shall have established, and thereafter shall maintain, with respect to each Group of Contracts, a Certificate Account which is an Eligible Account, in the form of one or more separate custodial accounts, titled (i) in the case of the Group I Contracts, "Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, 1998A 1999C (Vanderbilt Mortgage and Finance, Inc., Seller), Group I, in trust for the Trustee" and (ii) in the case of the Group II Contracts, "Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, 1998A 1999C (Vanderbilt Mortgage and Finance, Inc., Seller), Group II, in trust for the Trustee". The Trustee shall cause moneys in each Certificate Account to be invested in Eligible Investments as directed in writing by the Servicer, which shall mature or, in the case of a money market fund, be redeemed not later than the Business Day immediately preceding the Remittance Date next following the date of such investment (except that if such Eligible Investment is an obligation of the institution that maintains such Certificate Account, then such Eligible Investments shall mature or, in the case of a money market fund, be redeemed not later than such Remittance 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. The Servicer shall promptly notify the Trustee upon obtaining knowledge that an instrument or account in which a Certificate Account is invested has ceased to be an Eligible Investment or Eligible Account. All net income and gain realized from any such investments, to the extent provided by this Agreement, shall be added to the related 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 Accounts. On or before the Closing Date, the Trustee shall have established, and thereafter shall maintain, with respect to each Group of Contracts, a Certificate Account which is an Eligible Account, in the form of one or more separate custodial accounts, a segregated trust account titled (i) in the case of the Group I Contracts, "BankAmerica Manufactured Housing Contract Trust III, Senior/Subordinate Pass-Through Certificates, 1998A (Vanderbilt Mortgage and FinanceSeries 1997-2, Inc., Seller), Group I, Certificate Account in trust for the Trustee" and (ii) in Trustee as trustee for the case benefit of the Group II ContractsCertificateholders." As of the Closing Date, "Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, 1998A (Vanderbilt Mortgage and Finance, Inc., Seller), Group II, in trust for the Trustee". The Trustee shall cause moneys in each Certificate Account to 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 as directed in writing by the Servicer, which shall mature or, in the case of a money market fund, be redeemed not later than the Business Day immediately preceding the Remittance Distribution Date next following the date of such investment (except that that, if such Eligible Investment is an obligation of the institution that maintains such the Certificate Account, then such Eligible Investments shall mature or, in the case of a money market fund, be redeemed not later than such Remittance 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. The Servicer shall promptly notify Without limiting the generality of the foregoing, the Trustee upon obtaining knowledge that an instrument or account in which a shall select obligations for the investment of the Certificate Account is invested has ceased 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 be an Eligible Investment or Eligible Accountachieve 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 related 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 Accounts. On or before the Closing Date, the Trustee shall have established, and thereafter shall maintain, with respect to each Group of Contracts, a Certificate Account which is an Eligible Account, in the form of one or more separate custodial accounts, a segregated trust account titled (i) in the case of the Group I Contracts, "BankAmerica Manufactured Housing Contract Trust IV, Senior/Subordinate Pass-Through Certificates, 1998A (Vanderbilt Mortgage and FinanceSeries 1998-1, Inc., Seller), Group I, Certificate Account in trust for the Trustee" and (ii) in Trustee as trustee for the case benefit of the Group II ContractsCertificateholders." As of the Closing Date, "Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, 1998A (Vanderbilt Mortgage and Finance, Inc., Seller), Group II, in trust for the Trustee". The Trustee shall cause moneys in each Certificate Account to 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 as directed in writing by the Servicer, which shall mature or, in the case of a money market fund, be redeemed not later than the Business Day immediately preceding the Remittance Distribution Date next following the date of such investment (except that that, if such Eligible Investment is an obligation of the institution that maintains such the Certificate Account, then such Eligible Investments shall mature or, in the case of a money market fund, be redeemed not later than such Remittance 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. The Servicer shall promptly notify Without limiting the generality of the foregoing, the Trustee upon obtaining knowledge that an instrument or account in which a shall select obligations for the investment of the Certificate Account is invested has ceased 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 be an Eligible Investment or Eligible Accountachieve 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 related 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 Accounts. On or before the Closing Date, the Trustee shall have established, and thereafter shall maintain, with respect to each Group of Contracts, a Certificate Account which is an Eligible Account, in the form of one or more separate custodial accounts, titled (i) in the case of the Group I Contracts, "Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, 1998A 1998B (Vanderbilt Mortgage and Finance, Inc., Seller), Group I, in trust for the Trustee" and (ii) in the case of the Group II Contracts, "Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, 1998A 1998B (Vanderbilt Mortgage and Finance, Inc., Seller), Group II, in trust for the Trustee". The Trustee shall cause moneys in each Certificate Account to be invested in Eligible Investments as directed in writing by the Servicer, which shall mature or, in the case of a money market fund, be redeemed not later than the Business Day immediately preceding the Remittance Date next following the date of such investment (except that if such Eligible Investment is an obligation of the institution that maintains such Certificate Account, then such Eligible Investments shall mature or, in the case of a money market fund, be redeemed not later than such Remittance 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. The Servicer shall promptly notify the Trustee upon obtaining knowledge that an instrument or account in which a Certificate Account is invested has ceased to be an Eligible Investment or Eligible Account. All net income and gain realized from any such investments, to the extent provided by this Agreement, shall be added to the related 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 Accounts. On or before the Closing Date, the Trustee shall have established, and thereafter shall maintain, with respect to each Group of Contracts, a Certificate Account which is an Eligible Account, in the form of one or more separate custodial accounts, a segregated trust account titled (i) in the case of the Group I Contracts, "BankAmerica Manufactured Housing Contract Trust V, Senior/Subordinate Pass-Through Certificates, 1998A (Vanderbilt Mortgage and FinanceSeries 1998-2, Inc., Seller), Group I, Certificate Account in trust for the Trustee" and (ii) in Trustee as trustee for the case benefit of the Group II ContractsCertificateholders." As of the Closing Date, "Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, 1998A (Vanderbilt Mortgage and Finance, Inc., Seller), Group II, in trust for the Trustee". The Trustee shall cause moneys in each Certificate Account to 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 as directed in writing by the Servicer, which shall mature or, in the case of a money market fund, be redeemed not later than the Business Day immediately preceding the Remittance Distribution Date next following the date of such investment (except that that, if such Eligible Investment is an obligation of the institution that maintains such the Certificate Account, then such Eligible Investments shall mature or, in the case of a money market fund, be redeemed not later than such Remittance 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. The Servicer shall promptly notify Without limiting the generality of the foregoing, the Trustee upon obtaining knowledge that an instrument or account in which a shall select obligations for the investment of the Certificate Account is invested has ceased 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 be an Eligible Investment or Eligible Accountachieve 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 related 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 Accounts. On or before the Closing Date, the Trustee shall have established, and thereafter shall maintain, with respect to each Group of Contracts, a Certificate Account which is an Eligible Account, in the form of one or more separate custodial accounts, titled (i) in the case of the Group I Contracts, "Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, 1998A 1998C (Vanderbilt Mortgage and Finance, Inc., Seller), Group I, in trust for the Trustee" and (ii) in the case of the Group II Contracts, "Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, 1998A 1998C (Vanderbilt Mortgage and Finance, Inc., Seller), Group II, in trust for the Trustee". The Trustee shall cause moneys in each Certificate Account to be invested in Eligible Investments as directed in writing by the Servicer, which shall mature or, in the case of a money market fund, be redeemed not later than the Business Day immediately preceding the Remittance Date next following the date of such investment (except that if such Eligible Investment is an obligation of the institution that maintains such Certificate Account, then such Eligible Investments shall mature or, in the case of a money market fund, be redeemed not later than such Remittance 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. The Servicer shall promptly notify the Trustee upon obtaining knowledge that an instrument or account in which a Certificate Account is invested has ceased to be an Eligible Investment or Eligible Account. All net income and gain realized from any such investments, to the extent provided by this Agreement, shall be added to the related 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 Accounts. On or before the Closing Date, the Trustee shall have established, and thereafter shall maintain, with respect to each (i) the Group of ContractsI Certificate Account, a Certificate Account which is an Eligible Account, in the form of one or more separate custodial accounts, a segregated trust account titled (i) in the case of the Group I Contracts, "GreenPoint Manufactured Housing Contract Senior/Subordinate Trust, Pass-Through Certificates, 1998A (Vanderbilt Mortgage and Finance, Inc., Seller)Series 1998-1, Group I, I Certificate Account in trust for the TrusteeTrustee as trustee for the benefit of the Class I A Certificateholders" and (ii) in the case of the Group II ContractsCertificate Account, which is an Eligible Account, in the form of a segregated trust account titled "GreenPoint Manufactured Housing Contract Senior/Subordinate Trust, Pass-Through Certificates, 1998A (Vanderbilt Mortgage and Finance, Inc., Seller)Series 1998-1, Group II, II Certificate Account in trust for the Trustee". The Trustee shall cause moneys in as trustee for the benefit of the Class II A Certificateholders." As of the Closing Date, each Certificate Account to 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 as directed in writing by the Servicer, which shall mature or, in the case of a money market fund, be redeemed not later than the Business Day immediately preceding the Remittance Distribution Date next following the date of such investment (except that that, if such Eligible Investment is an obligation of the institution that maintains such the Certificate AccountAccounts, then such Eligible Investments shall mature or, in the case of a money market fund, be redeemed not later than such Remittance 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. The Servicer shall promptly notify Without limiting the generality of the foregoing, the Trustee upon obtaining knowledge that an instrument or account shall select obligations for the investment of the Certificate 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 a Certificate Account is invested has ceased shall mature as provided above, in such manner as to be an Eligible Investment or Eligible Accountachieve 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 related 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 Accounts. On or before the Closing Date, the Trustee shall have established, and thereafter shall maintain, with respect to each Group of Contracts, a Certificate Account which is an Eligible Account, in the form of one or more separate custodial accounts, titled (i) in the case of the Group I Contracts, "Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, 1998A 1999B (Vanderbilt Mortgage and Finance, Inc., Seller), Group I, in trust for the Trustee" and (ii) in the case of the Group II Contracts, "Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, 1998A 1999B (Vanderbilt Mortgage and Finance, Inc., Seller), Group II, in trust for the Trustee". The Trustee shall cause moneys in each Certificate Account to be invested in Eligible Investments as directed in writing by the Servicer, which shall mature or, in the case of a money market fund, be redeemed not later than the Business Day immediately preceding the Remittance Date next following the date of such investment (except that if such Eligible Investment is an obligation of the institution that maintains such Certificate Account, then such Eligible Investments shall mature or, in the case of a money market fund, be redeemed not later than such Remittance 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. The Servicer shall promptly notify the Trustee upon obtaining knowledge that an instrument or account in which a Certificate Account is invested has ceased to be an Eligible Investment or Eligible Account. All net income and gain realized from any such investments, to the extent provided by this Agreement, shall be added to the related 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: