Common use of Funding Account Clause in Contracts

Funding Account. On or before the issuance of the Trust Fund Certificates, Xxxxxx Mae shall either (i) open with an Eligible Depository one or more trust accounts in the name of the Trustee of the Trust Fund that shall collectively be the “Funding Account”, (ii) in lieu of maintaining any such account or accounts, maintain the Funding Account by means of appropriate entries on its books and records or (iii) maintain the Funding Account in the form of any combination of accounts or book entries described in clauses (i) and

Funding Account. On or before the issuance of the Trust Fund Certificates, Xxxxxx Mae Xxx shall either (i) open with an Eligible Depository one or more trust accounts in the name of the Trustee of the Trust Fund that shall collectively be the “Funding Account”, (ii) in lieu of maintaining any such account or accounts, maintain the Funding Account by means of appropriate entries on its books and records or (iii) maintain the Funding Account in the form of any combination of accounts or book entries described in clauses (i) and