Common use of Establishment of and Deposits to Collection Account Clause in Contracts

Establishment of and Deposits to Collection Account. The Servicer shall establish and maintain the Collection Account in the name of the Trustee for the benefit of the Holders and shall segregate and hold all funds collected and received pursuant to the Mortgage Loans separate and apart from any of its own funds and general assets in such Collection Account. The Collection Account shall be established and maintained with a Qualified Depository. The Collection Account may be maintained as an interest-bearing account (which may include a money market savings account), or the funds held therein may be invested from time to time in Eligible Investments subject to the provisions of Section 2.17 hereof. The Servicer shall deposit in or credit to the Collection Account on a daily basis, as applicable, and retain therein, the following collections received by the Servicer:

Establishment of and Deposits to Collection Account. The Servicer shall establish and maintain the Collection Account in the name of the Trustee Owner for the benefit of the Holders Owner and shall segregate and hold all funds collected and received pursuant to the Mortgage Loans Notes separate and apart from any of its own funds and general assets in such Collection Account. The Collection Account shall be established and maintained with a Qualified Depository. The Collection Account may be maintained as an interest-bearing account (which may include a money market savings account), or the funds held therein may be invested from time to time in Eligible Investments subject to the provisions of Section 2.17 hereof. The Servicer shall deposit in or credit to the Collection Account on a daily basis, as applicable, and retain therein, the following collections received by the Servicer:

Establishment of and Deposits to Collection Account. The Servicer shall establish and maintain the Collection Account in the name of the Trustee for the benefit of the Holders and shall segregate and hold all funds collected and received pursuant to the Mortgage Loans Notes separate and apart from any of its own funds and general assets in such Collection Account. The Collection Account shall be established and maintained with a Qualified Depository. The Collection Account may be maintained as an interest-bearing account (which may include a money market savings account), or the funds held therein may be invested from time to time in Eligible Investments subject to the provisions of Section 2.17 hereof. The Servicer shall deposit in or credit to the Collection Account on a daily basis, as applicable, and retain therein, the following collections received by the Servicer: