Common use of Grantor Trust Certificate Account Clause in Contracts

Grantor Trust Certificate Account. (a) The Grantor Trustee shall establish and maintain a Grantor Trust Certificate Account titled "JPMorgan Chase Bank, as Grantor Trustee, for the benefit of the Grantor Trust Certificateholder, pursuant to the Grantor Trust Agreement, dated June 27, 2003, between Residential Funding Mortgage Securities II, Inc. and JPMorgan Chase Bank". The Grantor Trust Certificate Account shall be an Eligible Account. Pursuant to Section 3.03(i) of the Servicing Agreement, the Master Servicer shall cause to be deposited in the Grantor Trust Certificate Account on behalf of the Grantor Trustee on the Business Day prior to each Payment Date by wire transfer of immediately available funds an amount equal to the sum of the Interest Collections and Principal Collections for the immediately succeeding Payment Date.

Appears in 1 contract

Samples: Grantor Trust Agreement (Residential Funding Mortgage Securities Ii Inc)

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Grantor Trust Certificate Account. (a) The Grantor Trustee shall establish and maintain a Grantor Trust Certificate Account titled "JPMorgan Chase Bank, as Grantor Trustee, for the benefit of the Grantor Trust Certificateholder, pursuant to the Grantor Trust Agreement, dated June 27December 23, 2003, between Residential Funding Mortgage Securities II, Inc. and JPMorgan Chase Bank". The Grantor Trust Certificate Account shall be an Eligible Account. Pursuant to Section 3.03(i) of the Servicing Agreement, the Master Servicer shall cause to be deposited in the Grantor Trust Certificate Account on behalf of the Grantor Trustee on the Business Day prior to each Payment Date by wire transfer of immediately available funds an amount equal to the sum of the Interest Collections and Principal Collections for the immediately succeeding Payment Date.

Appears in 1 contract

Samples: Grantor Trust Agreement (Residential Funding Mortgage Securities Ii Inc)

Grantor Trust Certificate Account. (a) The Grantor Trustee shall establish and maintain a Grantor Trust Certificate Account titled "JPMorgan Chase Bank, as Grantor Trustee, for the benefit of the Grantor Trust Certificateholder, pursuant to the Grantor Trust Agreement, dated June 27January 3, 2003, between Residential Funding Mortgage Securities II, Inc. and JPMorgan Chase Bank". The Grantor Trust Certificate Account shall be an Eligible Account. Pursuant to Section 3.03(i) of the Servicing Agreement, the Master Servicer shall cause to be deposited in the Grantor Trust Certificate Account on behalf of the Grantor Trustee on the Business Day prior to each Payment Date by wire transfer of immediately available funds an amount equal to the sum of the Interest Collections and Principal Collections for the immediately succeeding Payment Date.

Appears in 1 contract

Samples: Grantor Trust Agreement (Residential Funding Mortgage Securities Ii Inc)

Grantor Trust Certificate Account. (a) The Grantor Trustee shall establish and maintain a Grantor Trust Certificate Account titled "JPMorgan Chase Bank, as Grantor Trustee, for the benefit of the Grantor Trust Certificateholder, pursuant to the Grantor Trust Agreement, dated June 27March 29, 20032004, between Residential Funding Mortgage Securities II, Inc. and JPMorgan Chase Bank". The Grantor Trust Certificate Account shall be an Eligible Account. Pursuant to Section 3.03(i) of the Servicing Agreement, the Master Servicer shall cause to be deposited in the Grantor Trust Certificate Account on behalf of the Grantor Trustee on the Business Day prior to each Payment Date by wire transfer of immediately available funds an amount equal to the sum of the Interest Collections and Principal Collections for the immediately succeeding Payment Date.

Appears in 1 contract

Samples: Grantor Trust Agreement (Residential Fund Mort Sec Home Loan-BCKD NTS Ser 2004-Hi1)

Grantor Trust Certificate Account. (a) The Grantor Trustee shall establish and maintain a Grantor Trust Certificate Account titled "JPMorgan Chase Bank, as Grantor Trustee, for the benefit of the Grantor Trust Certificateholder, pursuant to the Grantor Trust Agreement, dated June 27September 26, 20032002, between Residential Funding Mortgage Securities II, Inc. and JPMorgan Chase Bank". The Grantor Trust Certificate Account shall be an Eligible Account. Pursuant to Section 3.03(i3.03 (i) of the Servicing Agreement, the Master Servicer shall cause to be deposited in the Grantor Trust Certificate Account on behalf of the Grantor Trustee on the Business Day prior to each Payment Date by wire transfer of immediately available funds an amount equal to the sum of the Interest Collections and Principal Collections for the immediately succeeding Payment Date.

Appears in 1 contract

Samples: Grantor Trust Agreement (Residential Funding Mortgage Securities Ii Inc)

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Grantor Trust Certificate Account. (a) The Grantor Trustee shall establish and maintain a Grantor Trust Certificate Account titled "JPMorgan Chase Bank, as Grantor Trustee, for the benefit of the Grantor Trust Certificateholder, pursuant to the Grantor Trust Agreement, dated June 27March 28, 2003, between Residential Funding Mortgage Securities II, Inc. and JPMorgan Chase Bank". The Grantor Trust Certificate Account shall be an Eligible Account. Pursuant to Section 3.03(i) of the Servicing Agreement, the Master Servicer shall cause to be deposited in the Grantor Trust Certificate Account on behalf of the Grantor Trustee on the Business Day prior to each Payment Date by wire transfer of immediately available funds an amount equal to the sum of the Interest Collections and Principal Collections for the immediately succeeding Payment Date.

Appears in 1 contract

Samples: Grantor Trust Agreement (Residential Funding Mortgage Securities Ii Inc)

Grantor Trust Certificate Account. (a) The Grantor Trustee shall establish and maintain a Grantor Trust Certificate Account titled "JPMorgan The Chase Manhattan Bank, as Grantor Trustee, for the benefit of the Grantor Trust Certificateholder, pursuant to the Grantor Trust Agreement, dated June 2726, 20031998, between Residential Funding Mortgage Securities II, Inc. and JPMorgan The Chase Manhattan Bank". The Grantor Trust Certificate Account shall be an Eligible Account. Pursuant to Section 3.03(i3.03 (i) of the Servicing Agreement, the Master Servicer shall cause to be deposited in the Grantor Trust Certificate Account on behalf of the Grantor Trustee on the Business Day prior to each Payment Date by wire transfer of immediately available funds an amount equal to the sum of the Interest Collections Remittance Amount and Principal Collections Remittance Amount for the immediately succeeding Payment Date.

Appears in 1 contract

Samples: Grantor Trust Agreement (Residential Funding Mortgage Securities Ii Inc)

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