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

Establishment of and Deposits in the 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 one or more separate custodial accounts, titled "Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, 2002-B (Vanderbilt Mortgage and Finance, Inc., Seller), in trust for the Trustee." The Trustee shall cause monies in the 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 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 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 the 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 Certificate Account. If a selection is not made and a written direction not given to the Trustee, funds shall remain uninvested in a segregated non-interest bearing account with no liability for interest thereon. 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 the 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 one or more separate custodial accounts, titled "Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, 20022003-B A (Vanderbilt Mortgage and Finance, Inc., Seller), in trust for the Trustee." The Trustee shall cause monies in the 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 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 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 the 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 Certificate Account. If a selection is not made and a written direction not given to the Trustee, funds shall remain uninvested in a segregated non-interest bearing account with no liability for interest thereon. 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 the 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 one or more separate custodial accounts, titled "Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, 20022001-B A (Vanderbilt Mortgage and Finance, Inc., Seller), in trust for the Trustee." The Trustee shall cause monies moneys in the 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 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 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 the 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 Certificate Account. If a selection is not made and a written direction not given to the Trustee, funds shall remain uninvested in a segregated non-interest bearing account with no liability for interest thereon. 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 the 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 one or more separate custodial accounts, titled "Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, 20022001-B C (Vanderbilt Mortgage and Finance, Inc., Seller), in trust for the Trustee." The Trustee shall cause monies in the 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 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 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 the 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 Certificate Account. If a selection is not made and a written direction not given to the Trustee, funds shall remain uninvested in a segregated non-interest bearing account with no liability for interest thereon. 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 the 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 one or more separate custodial accounts, titled "Vanderbilt Acquisition Loan Trust (VALT), Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, 2002-B 1 (Vanderbilt Mortgage and Finance, Inc., Seller), in trust for the Trustee." The Trustee shall cause monies in the 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 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 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 the 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 Certificate Account. Any losses incurred on such investment and reinvestment of funds shall be debited against the Certificate Account. In no event shall the Trustee be liable for the selection of investments, investment losses incurred thereon, losses incurred as a result of the liquidation of any investment prior to its stated maturity or the failure of the Servicer to provide timely written investment direction. If a selection is not made and a written direction not given to the Trustee, funds shall remain uninvested in a segregated non-interest bearing account with no liability for interest thereon. It is agreed and understood that the entity serving as Trustee may earn fees associated with the investments outlined above in accordance with the terms of such investments. In no event shall the Trustee be deemed an investment manager or adviser in respect of any selection of investments hereunder. 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 the 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 one or more separate custodial accounts, titled "Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, 2002-B A (Vanderbilt Mortgage and Finance, Inc., Seller), in trust for the Trustee." The Trustee shall cause monies in the 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 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 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 the 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 Certificate Account. If a selection is not made and a written direction not given to the Trustee, funds shall remain uninvested in a segregated non-interest bearing account with no liability for interest thereon. 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 the 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 one or more separate custodial accounts, titled "Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, 20022001-B (Vanderbilt Mortgage and Finance, Inc., Seller), in trust for the Trustee." The Trustee shall cause monies in the 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 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 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 the 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 Certificate Account. If a selection is not made and a written direction not given to the Trustee, funds shall remain uninvested in a segregated non-interest bearing account with no liability for interest thereon. 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 the 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 one or more separate custodial accounts, titled "Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, 20022000-B D (Vanderbilt Mortgage and Finance, Inc., Seller), in trust for the Trustee." The Trustee shall cause monies moneys in the 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 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 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 the 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 Certificate Account. If a selection is not made and a written direction not given to the Trustee, funds shall remain uninvested in a segregated non-interest bearing account with no liability for interest thereon. 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 the 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 one or more separate custodial accounts, titled "Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, 2002-B C (Vanderbilt Mortgage and Finance, Inc., Seller), in trust for the Trustee." The Trustee shall cause monies in the 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 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 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 the 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 Certificate Account. If a selection is not made and a written direction not given to the Trustee, funds shall remain uninvested in a segregated non-interest bearing account with no liability for interest thereon. 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: