Common use of Initial Interest Coverage Account and Pre-Funding Account Clause in Contracts

Initial Interest Coverage Account and Pre-Funding Account. (a) The Trustee has heretofore established or caused to be established and shall hereafter maintain or cause to be maintained a separate account denominated a Initial Interest Coverage Account, which is and shall continue to be an Eligible Account in the name of the Trustee and shall be designated "Norwest Bank Minnesota, National Association, as Trustee of the Delta Funding Home Equity Loan Trust Series 2000-2 Initial Interest Coverage Account". The Initial Interest Coverage Account shall be treated as an "outside reserve fund" under applicable Treasury regulations and will not be part of any REMIC. Any investment earnings on the Initial Interest Coverage Account will be treated as owned by the Seller and will be taxable to the Seller. The amount on deposit in the Initial Interest Coverage Account shall be invested in Eligible Investments in accordance with the provisions of Section 5.05.

Initial Interest Coverage Account and Pre-Funding Account. (a) The Trustee has heretofore established or caused to be established and shall hereafter maintain or cause to be maintained a separate account denominated a the Initial Interest Coverage Account, which is and shall continue to be an Eligible Account in the name of the Trustee and shall be designated "Norwest Xxxxx Fargo Bank Minnesota, National Association, as Trustee of the Delta Funding Home Equity Loan Trust Series 2000-2 4 Initial Interest Coverage Account". The Initial Interest Coverage Account shall be treated as an "outside reserve fund" under applicable Treasury regulations and will not be part of any REMIC. Any investment earnings on the Initial Interest Coverage Account will be treated as owned by the Seller and will be taxable to the Seller. The amount on deposit in the Initial Interest Coverage Account shall be invested in Eligible Investments in accordance with the provisions of Section 5.05.

Initial Interest Coverage Account and Pre-Funding Account. (a) The Trustee has heretofore established or caused to be established and shall hereafter maintain or cause to be maintained a separate account denominated a Initial Interest Coverage Account, which is and shall continue to be an Eligible Account in the name of the Trustee and shall be designated "Norwest Bank Minnesota, National Association, as Trustee of the Delta Funding Home Equity Loan Trust Series 2000-2 1 Initial Interest Coverage Account". The Initial Interest Coverage Account shall be treated as an "outside reserve fund" under applicable Treasury regulations and will not be part of any REMIC. Any investment earnings on the Initial Interest Coverage Account will be treated as owned by the Seller and will be taxable to the Seller. The amount on deposit in the Initial Interest Coverage Account shall be invested in Eligible Investments in accordance with the provisions of Section 5.05.

Initial Interest Coverage Account and Pre-Funding Account. (a) The Trustee has heretofore established or caused to be established and shall hereafter maintain or cause to be maintained a separate account denominated a Initial Interest Coverage Account, which is and shall continue to be an Eligible Account in the name of the Trustee and shall be designated "Norwest The First National Bank Minnesota, National Associationof Chicago, as Trustee of the Delta Funding Home Equity Loan Trust Series 20001999-2 Initial Interest Coverage Account". The Initial Interest Coverage Account shall be treated as an "outside reserve fund" under applicable Treasury regulations and will not be part of any REMIC. Any investment earnings on the Initial Interest Coverage Account will be treated as owned by the Seller and will be taxable to the Seller. The amount on deposit in the Initial Interest Coverage Account shall be invested in Eligible Investments in accordance with the provisions of Section 5.05.

Initial Interest Coverage Account and Pre-Funding Account. (a) The Trustee has heretofore established or caused to be established and shall hereafter maintain or cause to be maintained a separate account denominated a Initial Interest Coverage Account, which is and shall continue to be an Eligible Account in the name of the Trustee and shall be designated "Norwest Bank MinnesotaBankers Trust Company of California, National AssociationN.A., as Trustee of the Delta Funding Home Equity Loan Trust Series 20001997-2 4 Initial Interest Coverage Account". The Initial Interest Coverage Account shall be treated as an "outside reserve fund" under applicable Treasury regulations and will not be part of any REMIC. Any investment earnings on the Initial Interest Coverage Account will be treated as owned by the Seller and will be taxable to the Seller. The amount on deposit in the Initial Interest Coverage Account shall be invested in Eligible Investments in accordance with the provisions of Section 5.05.