Common use of Establishment of Collection Account Clause in Contracts

Establishment of Collection Account. The Master Servicer, for the benefit of the Securityholders, the Indenture Trustee and the Securities Insurer, shall cause to be established and maintained by the Indenture Trustee one or more Collection Accounts (collectively, the "Collection Account"), which shall be separate Eligible Accounts and may be interest-bearing, and which shall be entitled "Collection Account of _______________, as Indenture Trustee, in trust for the _______ Home Loan Asset Backed Notes, Series 200_-_". The Collection Account may be maintained with the Indenture Trustee or any other depository institution, which satisfies the requirements set forth in the definition of Eligible Account. The creation of any Collection Account other than one maintained with the Indenture Trustee shall be evidenced by a letter agreement between the Servicer and the depository institution acceptable to the Indenture Trustee and the Securities Insurer. A copy of such letter agreement shall be furnished to the Securities Insurer and the Indenture Trustee. Funds in the Collection Account shall be invested in accordance with Section 5.03 hereof. The Collection Account shall be established, as of the Closing Date, with ________________ as an Eligible Account pursuant to the definition thereof. The Collection Account may, upon written notice to the Indenture Trustee, and upon the written consent of the Securities Insurer, be transferred to a different depository institution so long as such transfer is to an Eligible Account acceptable to the Securities Insurer.

Establishment of Collection Account. The Master Servicer, for the benefit of the Securityholders, the Indenture Trustee and the Securities InsurerGrantor Trust Holder, shall cause to be established and maintained by the Indenture Trustee one or more Collection Accounts (collectively, the "Collection Account"), which shall be separate Eligible Accounts and may be interest-bearing, and which shall be entitled "Collection Account of _______________Account, U.S. Bank National Association, as Indenture Trustee, in trust for the _______ Empire Funding Home Loan Asset Backed Notes, Series 200_-_1998-1". The Collection Account may be maintained with the Indenture Trustee or any other depository institution, institution which satisfies the requirements set forth in the definition of Eligible Account. The creation of any Collection Account other than one maintained with the Indenture Trustee shall be evidenced by a letter agreement between the Servicer and the depository institution acceptable to the Indenture Trustee and the Securities InsurerTrustee. A copy of such letter agreement shall be furnished to the Securities Insurer and the Indenture TrusteeTrustee and, upon request of any Grantor Trust Holder, to such Grantor Trust Holder. Funds in the Collection Account shall be invested in accordance with Section 5.03 hereof. The Collection Account shall be established, as of the Closing Date, with ________________ the Indenture Trustee as an Eligible Account pursuant to the definition thereof. The Collection Account may, upon written notice to the Grantor Trustee and the Indenture Trustee, and upon the written consent of the Securities Insurer, be transferred to a different depository institution so long as such transfer is to an Eligible Account acceptable to the Securities InsurerIndenture Trustee. The Depositor hereby collaterally assigns the Collection Account to the Issuer in connection with the sale of the Grantor Trust Certificate to the Issuer hereunder.

Establishment of Collection Account. The Master Servicer, for the benefit of the Securityholders, the Indenture Trustee and the Securities InsurerGrantor Trust Holder, shall cause to be established and maintained by the Indenture Trustee one or more Collection Accounts (collectively, the "Collection Account"), which shall be separate Eligible Accounts and may be interest-bearing, and which shall be entitled "Collection Account of _______________Account, U.S. Bank National Association, as Indenture Trustee, in trust for the _______ Empire Funding Home Loan Asset Backed Notes, Series 200_-_1998-2". The Collection Account may be maintained with the Indenture Trustee or any other depository institution, institution which satisfies the requirements set forth in the definition of Eligible Account. The creation of any Collection Account other than one maintained with the Indenture Trustee shall be evidenced by a letter agreement between the Servicer and the depository institution acceptable to the Indenture Trustee and the Securities InsurerTrustee. A copy of such letter agreement shall be furnished to the Securities Insurer and the Indenture TrusteeTrustee and, upon request of any Grantor Trust Holder, to such Grantor Trust Holder. Funds in the Collection Account shall be invested in accordance with Section 5.03 hereof. The Collection Account shall be established, as of the Closing Date, with ________________ the Indenture Trustee as an Eligible Account pursuant to the definition thereof. The Collection Account may, upon written notice to the Grantor Trustee and the Indenture Trustee, and upon the written consent of the Securities Insurer, be transferred to a different depository institution so long as such transfer is to an Eligible Account acceptable to the Securities InsurerIndenture Trustee. The Depositor hereby collaterally assigns the Collection Account to the Issuer in connection with the sale of the Grantor Trust Certificate to the Issuer hereunder.

Establishment of Collection Account. The Master Servicer, for the benefit of the Securityholders, the Indenture Trustee and the Securities InsurerGrantor Trust Holder, shall cause to be established and maintained by the Indenture Trustee one or more Collection Accounts (collectively, the "Collection Account"), which shall be separate Eligible Accounts and may be interest-bearing, and which shall be entitled "Collection Account of _______________Account, U.S. Bank National Association, as Indenture Trustee, in trust for the _______ Empire Funding Home Loan Asset Backed Notes, Series 200_-_1997-5". The Collection Account may be maintained with the Indenture Trustee or any other depository institution, institution which satisfies the requirements set forth in the definition of Eligible Account. The creation of any Collection Account other than one maintained with the Indenture Trustee shall be evidenced by a letter agreement between the Servicer and the depository institution acceptable to the Indenture Trustee and the Securities InsurerTrustee. A copy of such letter agreement shall be furnished to the Securities Insurer and the Indenture TrusteeTrustee and, upon request of any Grantor Trust Holder, to such Grantor Trust Holder. Funds in the Collection Account shall be invested in accordance with Section 5.03 hereof. The Collection Account shall be established, as of the Closing Date, with ________________ the Indenture Trustee as an Eligible Account pursuant to the definition thereof. The Collection Account may, upon written notice to the Grantor Trustee and the Indenture Trustee, and upon the written consent of the Securities Insurer, be transferred to a different depository institution so long as such transfer is to an Eligible Account acceptable to the Securities InsurerIndenture Trustee. The Depositor hereby collaterally assigns the Collection Account to the Issuer in connection with the sale of the Grantor Trust Certificate to the Issuer hereunder.

Establishment of Collection Account. The Master Servicer, for the benefit of the Securityholders, the Indenture Trustee and the Securities InsurerGrantor Trust Holder, shall cause to be established and maintained by the Indenture Trustee one or more Collection Accounts (collectively, the "Collection Account"), which shall be separate Eligible Accounts and may be interest-bearing, and which shall be entitled "Collection Account Account, The Bank of _______________New York, as Indenture Trustee, in trust for the _______ Master Financial Home Loan Asset Backed Notes, Series 200_-_1998-2". The Collection Account may be maintained with the Indenture Trustee or any other depository institution, institution which satisfies the requirements set forth in the definition of Eligible Account. The creation of any Collection Account other than one maintained with the Indenture Trustee shall be evidenced by a letter agreement between the Servicer and the depository institution acceptable to the Indenture Trustee and the Securities InsurerTrustee. A copy of such letter agreement shall be furnished to the Securities Insurer and the Indenture TrusteeTrustee and, upon request of any Grantor Trust Holder, to such Grantor Trust Holder. Funds in the Collection Account shall be invested in accordance with Section 5.03 hereof. The Collection Account shall be established, as of the Closing Date, with ________________ the Indenture Trustee as an Eligible Account pursuant to the definition thereof. The Collection Account may, upon written notice to the Grantor Trustee and the Indenture Trustee, and upon the written consent of the Securities Insurer, be transferred to a different depository institution so long as such transfer is to an Eligible Account acceptable to the Securities InsurerIndenture Trustee. The Depositor hereby collaterally assigns the Collection Account to the Issuer in connection with the sale of the Grantor Trust Certificate to the Issuer hereunder.

Establishment of Collection Account. The Master Servicer, for the benefit of the Securityholders, the Indenture Trustee and the Securities InsurerGrantor Trust Holder, shall cause to be established and maintained by in the name of the Indenture Trustee one or more Collection Accounts (collectively, the "Collection AccountCOLLECTION ACCOUNT"), which shall be separate Eligible Accounts and may be interest-bearing, and which shall be entitled "Collection Account of _______________Account, U.S. Bank National Association, as Indenture Trustee, in trust for the _______ Empire Funding Home Loan Asset Backed Notes, Series 200_-_". 1999-1." The Collection Account may be maintained with the Indenture Trustee or any other depository institution, institution which satisfies the requirements set forth in the definition of Eligible Account. The creation of any Collection Account other than one maintained with the Indenture Trustee shall be evidenced by a letter agreement between the Servicer and the depository institution acceptable to the Indenture Trustee and the Securities InsurerTrustee. A copy of such letter agreement shall be furnished to the Securities Insurer and the Indenture TrusteeTrustee and, upon request of any Grantor Trust Holder, to such Grantor Trust Holder. Funds in the Collection Account shall be invested in accordance with Section SECTION 5.03 hereof. The Collection Account shall be established, as of the Closing Date, with ________________ the Indenture Trustee as an Eligible Account pursuant to the definition thereof. The Collection Account may, upon written notice to the Grantor Trustee and the Indenture Trustee, and upon the written consent of the Securities Insurer, be transferred to a different depository institution so long as such transfer is to an Eligible Account acceptable to the Securities InsurerIndenture Trustee.

Establishment of Collection Account. The Master Servicer, for the benefit of the Securityholders, the Indenture Trustee [and the Securities Insurer], shall cause to be established and maintained by the Indenture Trustee one or more Collection Accounts (collectively, the "“Collection Account"”), which shall be separate Eligible Accounts and may be interest-bearing, and which shall be entitled "“Collection Account of _______________, as Indenture Trustee, in trust for the _______ Home Mortgage Loan Asset Backed Notes, Series 200_-_"”. The Collection Account may be maintained with the Indenture Trustee or any other depository institution, which satisfies the requirements set forth in the definition of Eligible Account. The creation of any Collection Account other than one maintained with the Indenture Trustee shall be evidenced by a letter agreement between the Servicer and the depository institution acceptable to the Indenture Trustee [and the Securities Insurer]. A copy of such letter agreement shall be furnished to [the Securities Insurer and and] the Indenture Trustee. Funds in the Collection Account shall be invested in accordance with Section 5.03 hereof. The Collection Account shall be established, as of the Closing Date, with ________________ as an Eligible Account pursuant to the definition thereof. The Collection Account may, upon written notice to the Indenture Trustee, [and upon the written consent of the Securities Insurer, ,] be transferred to a different depository institution so long as such transfer is to an Eligible Account [acceptable to the Securities Insurer].

Establishment of Collection Account. The Master Servicer, for the benefit of the Securityholders, the Indenture Trustee and the Securities Insurer, shall cause to be established and maintained by the Indenture Trustee one or more Collection Accounts (collectively, the "Collection Account"), which shall be separate Eligible Accounts and may be interest-bearing, and which shall be entitled "Collection Account of _______________First Union National Bank, as Indenture Trustee, in trust for the _______ Fremont Home Loan Asset Backed Notes, Series 200_-_1999-1". The Collection Account may be maintained with the Indenture Trustee or any other depository institution, which satisfies the requirements set forth in the definition of Eligible Account. The creation of any Collection Account other than one maintained with the Indenture Trustee shall be evidenced by a letter agreement between the Servicer and the depository institution acceptable to the Indenture Trustee and the Securities Insurer. A copy of such letter agreement shall be furnished to the Securities Insurer and the Indenture Trustee. Funds in the Collection Account shall be invested in accordance with Section 5.03 hereof. The Collection Account shall be established, as of the Closing Date, with ________________ First Union National Bank as an Eligible Account pursuant to the definition thereof. The Collection Account may, upon written notice to the Indenture Trustee, and upon the written consent of the Securities Insurer, be transferred to a different depository institution so long as such transfer is to an Eligible Account acceptable to the Securities Insurer.

Establishment of Collection Account. The Master Servicer, for the benefit of the Securityholders, the Indenture Trustee and the Securities Insurer, shall cause to be established and maintained by the Indenture Trustee one or more Collection Accounts (collectively, the "Collection Account"), which shall be separate Eligible Accounts and may be interest-bearing, and which shall be entitled "Collection Account of _______________First Union National Bank, as Indenture Trustee, in trust for the _______ Fremont Home Loan Asset Backed Notes, Series 200_-_1999-2". The Collection Account may be maintained with the Indenture Trustee or any other depository institution, which satisfies the requirements set forth in the definition of Eligible Account. The creation of any Collection Account other than one maintained with the Indenture Trustee shall be evidenced by a letter agreement between the Servicer and the depository institution acceptable to the Indenture Trustee and the Securities Insurer. A copy of such letter agreement shall be furnished to the Securities Insurer and the Indenture Trustee. Funds in the Collection Account shall be invested in accordance with Section 5.03 hereof. The Collection Account shall be established, as of the Closing Date, with ________________ First Union National Bank as an Eligible Account pursuant to the definition thereof. The Collection Account may, upon written notice to the Indenture Trustee, and upon the written consent of the Securities Insurer, be transferred to a different depository institution so long as such transfer is to an Eligible Account acceptable to the Securities Insurer.

Establishment of Collection Account. The Master Servicer, for the benefit of the Securityholders, the Indenture Trustee [and the Securities Insurer], shall cause to be established and maintained by the Indenture Trustee one or more Collection Accounts (collectively, the "Collection Account"), which shall be separate Eligible Accounts and may be interest-bearing, and which shall be entitled "Collection Account of _______________, as Indenture Trustee, in trust for the _______ Home Loan Asset Backed Notes, Series 200_-_". The Collection Account may be maintained with the Indenture Trustee or any other depository institution, which satisfies the requirements set forth in the definition of Eligible Account. The creation of any Collection Account other than one maintained with the Indenture Trustee shall be evidenced by a letter agreement between the Servicer and the depository institution acceptable to the Indenture Trustee [and the Securities Insurer]. A copy of such letter agreement shall be furnished to [the Securities Insurer and and] the Indenture Trustee. Funds in the Collection Account shall be invested in accordance with Section 5.03 hereof. The Collection Account shall be established, as of the Closing Date, with ________________ as an Eligible Account pursuant to the definition thereof. The Collection Account may, upon written notice to the Indenture Trustee, [and upon the written consent of the Securities Insurer, ,] be transferred to a different depository institution so long as such transfer is to an Eligible Account [acceptable to the Securities Insurer].

Establishment of Collection Account. The Master Servicer, for the benefit of the Securityholders, the Indenture Trustee and the Securities InsurerGrantor Trust Holder, shall cause to be established and maintained by the Indenture Trustee one or more Collection Accounts in the State of New York (collectively, the "Collection Account"), which shall be separate Eligible Accounts and may be interest-bearing, and which shall be entitled "Collection Account Account, The Bank of _______________New York, as Indenture Trustee, in trust for the _______ DiTech Home Loan Asset Backed Notes, Series 200_-_1998-1". The Collection Account may be maintained with the Indenture Trustee or any other depository institution, institution which satisfies the requirements set forth in the definition of Eligible Account. The creation of any Collection Account other than one maintained with the Indenture Trustee shall be evidenced by a letter agreement between the Servicer and the depository institution acceptable to the Indenture Trustee and the Securities InsurerTrustee. A copy of such letter agreement shall be furnished to the Securities Insurer and the Indenture TrusteeTrustee and, upon request of any Grantor Trust Holder, to such Grantor Trust Holder. Funds in the Collection Account shall be invested in accordance with Section 5.03 hereof. The Collection Account shall be established, as of the Closing Date, with ________________ the Indenture Trustee as an Eligible Account pursuant to the definition thereof. The Collection Account may, upon written notice to the Grantor Trustee and the Indenture Trustee, and upon the written consent of the Securities Insurer, be transferred to a different depository institution so long as such transfer is to an Eligible Account acceptable to the Securities InsurerIndenture Trustee. The Depositor hereby collaterally assigns the Collection Account to the Issuer in connection with the sale of the Grantor Trust Certificate to the Issuer hereunder.

Establishment of Collection Account. The Master Servicer, for the benefit of the Securityholders, the Indenture Trustee and the Securities Insurer, shall cause to be established and maintained by the Indenture Trustee one or more Collection Accounts (collectively, the "“Collection Account"”), which shall be separate Eligible Accounts and may be interest-bearing, and which shall be entitled "“Collection Account of _______________, as Indenture Trustee, in trust for the _______ Home Loan Asset Backed Notes, Series 200_-_"20 - ”. The Collection Account may be maintained with the Indenture Trustee or any other depository institution, which satisfies the requirements set forth in the definition of Eligible Account. The creation of any Collection Account other than one maintained with the Indenture Trustee shall be evidenced by a letter agreement between the Servicer and the depository institution acceptable to the Indenture Trustee and the Securities Insurer. A copy of such letter agreement shall be furnished to the Securities Insurer and the Indenture Trustee. Funds in the Collection Account shall be invested in accordance with Section 5.03 hereof. The Collection Account shall be established, as of the Closing Date, with ________________ as an Eligible Account pursuant to the definition thereof. The Collection Account may, upon written notice to the Indenture Trustee, and upon the written consent of the Securities Insurer, be transferred to a different depository institution so long as such transfer is to an Eligible Account acceptable to the Securities Insurer.

Establishment of Collection Account. The Master Servicer, for the benefit of the Securityholders, the Indenture Trustee and the Securities Insurer, shall cause to be established and maintained by in the name of the Indenture Trustee one or more Collection Accounts (collectively, the "Collection Account"), which shall be separate Eligible Accounts and may be interest-bearing, and which shall be entitled "Collection Account of _______________U.S. Bank National Association, as Indenture Trustee, in trust for the _______ Empire Funding Home Loan Asset Backed Notes, Series 200_-_1998-3". The Collection Account may be maintained with the Indenture Trustee or any other depository institution, which satisfies the requirements set forth in the definition of Eligible Account. The creation of any Collection Account other than one maintained with the Indenture Trustee shall be evidenced by a letter agreement between the Servicer and the depository institution acceptable to the Indenture Trustee and the Securities Insurer. A copy of such letter agreement shall be furnished to the Securities Insurer and Insurer, the Indenture TrusteeTrustee and, upon request of any Grantor Trust Holder, to such Grantor Trust Holder. Funds in the Collection Account shall be invested in accordance with Section 5.03 hereof. The Collection Account shall be established, as of the Closing Date, with ________________ the Indenture Trustee as an Eligible Account pursuant to the definition thereof. The Collection Account may, upon written notice to the Indenture Trustee, and upon the written consent of the Securities Insurer, be transferred to a different depository institution so long as such transfer is to an Eligible Account acceptable to the Securities InsurerIndenture Trustee.

Establishment of Collection Account. The Master Servicer, for the benefit of the Securityholders, the Indenture Trustee and the Securities Insurer, shall cause to be established and maintained by the Indenture Trustee one or more Collection Accounts (collectively, the "Collection Account"), which shall be separate Eligible Accounts and may be interest-bearing, and which shall be entitled "Collection Account of _______________, as Indenture Trustee, in trust for the _______ Home Loan Asset Backed Notes, Series 200_-199_-_". The Collection Account may be maintained with the Indenture Trustee or any other depository institution, which satisfies the requirements set forth in the definition of Eligible Account. The creation of any Collection Account other than one maintained with the Indenture Trustee shall be evidenced by a letter agreement between the Servicer and the depository institution acceptable to the Indenture Trustee and the Securities Insurer. A copy of such letter agreement shall be furnished to the Securities Insurer and the Indenture Trustee. Funds in the Collection Account shall be invested in accordance with Section 5.03 hereof. The Collection Account shall be established, as of the Closing Date, with ________________ as an Eligible Account pursuant to the definition thereof. The Collection Account may, upon written notice to the Indenture Trustee, and upon the written consent of the Securities Insurer, be transferred to a different depository institution so long as such transfer is to an Eligible Account acceptable to the Securities Insurer.