Common use of Establishment of Collection Account Clause in Contracts

Establishment of Collection Account. The Servicer, for the benefit of the Securityholders, shall cause to be established and maintained one or more Collection Accounts, which shall be separate Eligible Accounts, which may be interest-bearing, entitled "Collection Account, _____________________________, as Indenture Trustee, in trust for the First Union Home Loan Asset Backed Securities, Series __________". 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 in the form attached hereto as Exhibit H between the Servicer and the depository institution. A copy of such letter agreement shall be furnished to the Indenture Trustee and, upon request of any Securityholder, to such Securityholder. Funds in the Collection Account shall be invested in accordance with Section 5.3. 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 Issuer and the Indenture Trustee, be transferred to a different depository institution so long as such transfer is to an Eligible Account reasonably acceptable to the Indenture Trustee.

Establishment of Collection Account. The Servicer, for the ----------------------------------- benefit of the SecurityholdersCertificateholders, shall cause to be established and maintained one or more Collection Accounts, which shall be separate Eligible Accounts, which may be interest-bearing, entitled "Collection Account, _____________________________First Bank National Association, as Indenture Trustee, in trust for the First Union Empire Funding Home Loan Asset Backed SecuritiesCertificates, Series __________1997-A". 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 in the form attached hereto as Exhibit H between the Servicer and the depository institutioninstitution acceptable to the Trustee. A copy of such letter agreement shall be furnished to the Indenture Trustee and, upon request of any SecurityholderCertificateholder, to such SecurityholderCertificateholder. Funds in the Collection Account shall be invested in accordance with Section 5.35.03. ------------ 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 Issuer and the Indenture Trustee, be transferred to a different depository institution so long as such transfer is to an Eligible Account reasonably acceptable to the Indenture Trustee.

Establishment of Collection Account. The Servicer, for the benefit of the Securityholders, shall cause to be established and maintained one or more Collection Accounts, which shall be separate Eligible Accounts, which may be interest-bearing, entitled "Collection Account, ______________________________, as Indenture Trustee, in trust for the First Union Home Cityscape Mortgage Loan Asset Backed Securities, Series _________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 in the form attached hereto as Exhibit H between the Servicer and the depository institutioninstitution acceptable to the Indenture Trustee. A copy of such letter agreement shall be furnished to the Indenture Trustee and, upon request of any Securityholder, to such Securityholder. Funds in the Collection Account shall be invested in accordance with Section 5.35.03. 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 Issuer and the Indenture Trustee, be transferred to a different depository institution so long as such transfer is to an Eligible Account reasonably acceptable to the Indenture Trustee.

Establishment of Collection Account. The Servicer, for the benefit of the SecurityholdersCertificateholders, shall cause to be established and maintained one or more Collection AccountsAccounts (collectively, the "Collection Account"), which shall be separate Eligible Accounts, which may be interest-bearing, Accounts entitled "Collection Account, _____________________________Wilmington Trust Company, as Indenture Owner Trustee, in trust for the First Union Home benefit of the FINOVA Commercial Mortgage Loan Asset Asset-Backed SecuritiesCertificates, Series __________1998-1". The Collection Account may be maintained with the Indenture Owner 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 Owner Trustee shall be evidenced by a letter agreement in the form attached hereto as Exhibit H between the Servicer and the depository institutioninstitution acceptable to the Majority Certificateholders. A copy of such letter agreement shall be furnished to the Indenture Majority Certificateholders and the Owner Trustee and, upon request of any SecurityholderCertificateholder, to such SecurityholderCertificateholder. Funds in the Collection Account shall not be invested in accordance with Section 5.3invested. The Collection Account shall be established, as of the Closing Datedate hereof, with the Indenture Trustee as an Eligible Account pursuant to the definition thereof. The Collection Account may, upon written notice to the Issuer Trust and the Indenture Owner Trustee, be transferred by the Servicer to a different depository institution so long as such transfer is to an Eligible Account reasonably acceptable to the Indenture TrusteeMajority Certificateholders.

Establishment of Collection Account. The Servicer, for the ----------------------------------- benefit of the Securityholders, shall cause to be established and maintained one or more Collection Accounts, which shall be separate Eligible Accounts, which may be interest-bearing, entitled "Collection Account, _____________________________U.S. Bank National Association, as Indenture Trustee, in trust for the First Union Home Loan FIRSTPLUS Asset Backed Securities, Series __________1997-4". The Collection Account may be maintained with the Indenture Trustee or or, subject to the following paragraph, 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 in the form attached hereto as Exhibit H between the Servicer and the depository institution. A copy of such letter agreement shall be furnished to the Indenture Trustee and, upon request of any Securityholder, to such Securityholder. Funds in the Collection Account shall be invested in accordance with Section 5.35.06. The Collection Account shall be established, as As of the Closing Date, the Collection Account shall be established with the Indenture Trustee as an Eligible Account pursuant to the definition thereof. The Collection Account mayTrustee, and thereafter upon written notice to the Issuer and the Indenture Trustee, and the Collection Account may be transferred by the Servicer to a different depository institution so long as such transfer is to an Eligible Account reasonably acceptable to the Indenture TrusteeAccount.

Establishment of Collection Account. The Servicer, for the ----------------------------------- benefit of the Securityholders, shall cause to be established and maintained one or more Collection Accounts, which shall be separate Eligible Accounts, which may be interest-bearing, entitled "Collection Account, _____________________________First Bank National Association, as Indenture Trustee, in trust for the First Union Empire Funding Home Loan Asset Backed Securities, Series __________1997-1". 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 in the form attached hereto as Exhibit H between the Servicer and the depository institutioninstitution acceptable to the Indenture Trustee. A copy of such letter agreement shall be furnished to the Indenture Trustee and, upon request of any Securityholder, to such Securityholder. Funds in the Collection Account shall be invested in accordance with Section 5.35.03. ------------ 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 Issuer and the Indenture Trustee, be transferred to a different depository institution so long as such transfer is to an Eligible Account reasonably acceptable to the Indenture Trustee.

Establishment of Collection Account. The Servicer, for the ----------------------------------- benefit of the Securityholders, shall cause to be established and maintained one or more Collection Accounts, which shall be separate Eligible Accounts, which may be interest-bearing, entitled "Collection Account, _____________________________U.S. Bank National Association, as Indenture Trustee, in trust for the First Union Home Loan FIRSTPLUS Asset Backed Securities, Series __________1997-3". The Collection Account may be maintained with the Indenture Trustee or or, subject to the following paragraph, 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 in the form attached hereto as Exhibit H between the Servicer and the depository institution. A copy of such letter agreement shall be furnished to the Indenture Trustee and, upon request of any Securityholder, to such Securityholder. Funds in the Collection Account shall be invested in accordance with Section 5.35.06. The Collection Account shall be established, as As of the Closing Date, the Collection Account shall be established with the Indenture Trustee as an Eligible Account pursuant to the definition thereof. The Collection Account mayTrustee, and thereafter upon written notice to the Issuer and the Indenture Trustee, and the Collection Account may be transferred by the Servicer to a different depository institution so long as such transfer is to an Eligible Account reasonably acceptable to the Indenture TrusteeAccount.