Common use of Excess Proceeds Account Clause in Contracts

Excess Proceeds Account. a. On or before the Closing Date, the Trustee shall establish the Excess Proceeds Account on behalf of the Trust, which must be an Eligible Account, and shall deposit therein an amount equal to the Excess Proceeds received from the Company pursuant to Section 2.02(r). The Excess Proceeds Account shall be entitled "Firstar Trust Company as Trustee for the benefit of holders of Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates Series 1997-2." On the Remittance Date occurring in April 1997, the Trustee shall withdraw the amount of funds in the Excess Proceeds Account (including any investment earnings thereon), and shall deposit such funds in the Certificate Account for distribution on such Remittance Date in accordance with Section 8.03. After such date no further amounts shall be deposited in or withdrawn from the Excess Proceeds Account.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Green Tree Financial Corp), Pooling and Servicing Agreement (Green Tree Financial Corp)

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Excess Proceeds Account. a. On or before the Closing Date, the Trustee shall establish the Excess Proceeds Account on behalf of the Trust, which must be an Eligible Account, and shall deposit therein an amount equal to the Excess Proceeds received from the Company pursuant to Section 2.02(r2.02(s). The Excess Proceeds Account shall be entitled "Firstar Trust Company as Trustee for the benefit of holders of Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates Series 1997-26." On the Remittance Date occurring in April October 1997, the Trustee shall withdraw the amount of funds in the Excess Proceeds Account (including any investment earnings thereon), and shall deposit such funds in the Certificate Account for distribution on such Remittance Date in accordance with Section 8.03. After such date no further amounts shall be deposited in or withdrawn from the Excess Proceeds Account.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Green Tree Financial Corp)

Excess Proceeds Account. a. On or before the Closing Date, the Trustee shall establish the Excess Proceeds Account on behalf of the Trust, which must be Trust with an Eligible AccountInstitution, and shall deposit therein an amount equal to the Excess Proceeds received from the Company pursuant to Section 2.02(r). The Excess Proceeds Account shall be entitled "Firstar Trust Company as Trustee for the benefit of holders of Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates Series 1997-24." On the Remittance Date occurring in April July 1997, the Trustee shall withdraw the amount of funds in the Excess Proceeds Account (including any investment earnings thereon), and shall deposit such funds in the Certificate Account for distribution on such Remittance Date in accordance with Section 8.03. After such date no further amounts shall be deposited in or withdrawn from the Excess Proceeds Account.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Green Tree Financial Corp)

Excess Proceeds Account. a. On or before the Closing Date, the Trustee shall establish the Excess Proceeds Account on behalf of the Trust, which must be Trust with an Eligible AccountInstitution, and shall deposit therein an amount equal to the Excess Proceeds received from the Company pursuant to Section 2.02(r2.02(l). The Excess Proceeds Account shall be entitled "Firstar First Trust Company National Association as Trustee for the benefit of holders of Manufactured Housing Contract Senior/Subordinate PassClass HI Certificateholders, Home Improvement and Home Equity Loan Trust 1996-Through Certificates Series 1997-2.D." On the Remittance Payment Date occurring in April 1997October 1996, the Trustee shall withdraw the amount of funds in the Excess Proceeds Account (including any investment earnings thereon), and shall deposit such funds in the Certificate Account for distribution on such Remittance Payment Date in accordance with Section 8.038.04. After such date no further amounts shall be deposited in or withdrawn from the Excess Proceeds Account.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Green Tree Financial Corp)

Excess Proceeds Account. a. On or before the Closing Date, the Trustee shall establish the Excess Proceeds Account on behalf of the Trust, which must be an Eligible Account, and shall deposit therein an amount equal to the Excess Proceeds received from the Company pursuant to Section 2.02(r). The Excess Proceeds Account shall be entitled "Firstar Trust Company as Trustee for the benefit of holders of Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates Series 19971996-28." On the Remittance Date occurring in April 1997October 1996, the Trustee shall withdraw the amount of funds in the Excess Proceeds Account (including any investment earnings thereon), and shall deposit such funds in the Certificate Account for distribution on such Remittance Date in accordance with Section 8.03. After such date no further amounts shall be deposited in or withdrawn from the Excess Proceeds Account.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Green Tree Financial Corp)

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Excess Proceeds Account. a. On or before the Closing Date, the Trustee shall establish the Excess Proceeds Account on behalf of the Trust, which must be an Eligible Account, and shall deposit therein an amount equal to the Excess Proceeds received from the Company pursuant to Section 2.02(r). The Excess Proceeds Account shall be entitled "Firstar Trust Company as Trustee for the benefit of holders of Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates Series 19971996-29." On the Remittance Date occurring in April 1997December 1996, the Trustee shall withdraw the amount of funds in the Excess Proceeds Account (including any investment earnings thereon), and shall deposit such funds in the Certificate Account for distribution on such Remittance Date in accordance with Section 8.03. After such date no further amounts shall be deposited in or withdrawn from the Excess Proceeds Account.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Green Tree Financial Corp)

Excess Proceeds Account. a. On or before the Closing Date, the Trustee shall establish the Excess Proceeds Account on behalf of the Trust, which must be an Eligible Account, and shall deposit therein an amount equal to the Excess Proceeds received from the Company pursuant to Section 2.02(r). The Excess Proceeds Account shall be entitled "Firstar Trust Company as Trustee for the benefit of holders of Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates Series 19971996-210." On the Remittance Date occurring in April January 1997, the Trustee shall withdraw the amount of funds in the Excess Proceeds Account (including any investment earnings thereon), and shall deposit such funds in the Certificate Account for distribution on such Remittance Date in accordance with Section 8.03. After such date no further amounts shall be deposited in or withdrawn from the Excess Proceeds Account.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Green Tree Financial Corp)

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