Common use of Interest Coverage Accounts Clause in Contracts

Interest Coverage Accounts. (a) If amounts are required to be deposited in the Interest Coverage Accounts, no later than the Closing Date, the Trustee shall establish and maintain a segregated non-interest bearing trust account that is an Eligible Account, which shall be titled (i) “Group I Interest Coverage Account, Deutsche Bank National Trust Company, as Trustee for the registered holders of Argent Securities Inc., Asset-Backed Pass-Through Certificates, Series 2006-W3” (the “Group I Interest Coverage Account”) and (ii) “Group II Interest Coverage Account, Deutsche Bank National Trust Company, as Trustee for the registered holders of Argent Securities Inc., Asset-Backed Pass-Through Certificates, Series 2006-W3” (the “Group II Interest Coverage Account”). The Trustee shall, promptly upon receipt, deposit in each Interest Coverage Account and retain therein the related Interest Coverage Amount, remitted on the Closing Date to the Trustee by the Depositor. Funds deposited in the Interest Coverage Accounts shall be held in trust by the Trustee for the Certificateholders for the uses and purposes set forth herein.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Argent Securities Inc. Series 2006-W3 Trust), Pooling and Servicing Agreement (Argent Securities Inc. Series 2006-W3 Trust)

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Interest Coverage Accounts. (a) If amounts are required to be deposited in the Interest Coverage Accounts, no later than the Closing Date, the Trustee shall establish and maintain a segregated non-interest bearing trust account that is an Eligible Account, which shall be titled (i) “Group I Interest Coverage Account, Deutsche Bank National Trust Company, as Trustee for the registered holders of Argent Ameriquest Securities Inc., Asset-Backed Pass-Through Certificates, Series 20062005-W3R4” (the “Group I Interest Coverage Account”) and (ii) “Group II Interest Coverage Account, Deutsche Bank National Trust Company, as Trustee for the registered holders of Argent Ameriquest Mortgage Securities Inc., Asset-Backed Pass-Through Certificates, Series 20062005-W3R4” (the “Group II Interest Coverage Account”). The Trustee shall, promptly upon receipt, deposit in each Interest Coverage Account and retain therein the related Interest Coverage Amount, remitted on the Closing Date to the Trustee by the Depositor. Funds deposited in the Interest Coverage Accounts shall be held in trust by the Trustee for the Certificateholders for the uses and purposes set forth herein.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Argent Securities Inc., Asset-Backed Pass-Through Certificates, Series 2005-W2), Pooling and Servicing Agreement (Argent Securities Inc., Asset-Backed Pass-Through Certificates, Series 2005-W2)

Interest Coverage Accounts. (a) If amounts are required to be deposited in the Interest Coverage Accounts, no later than the Closing Date, the Trustee shall establish and maintain a segregated non-interest bearing trust account that is an Eligible Account, which shall be titled (i) “Group I Interest Coverage Account, Deutsche Bank National Trust Company, as Trustee trustee for the registered holders of Argent Securities Inc.Fremont Home Loan Trust 2006-3, Asset-Backed Pass-Through Certificates, Series 2006-W33” (the “Group I Interest Coverage Account”) and (ii) “Group II Interest Coverage Account, Deutsche Bank National Trust Company, as Trustee trustee for the registered holders of Argent Securities Inc.Fremont Home Loan Trust 2006-3, Asset-Backed Pass-Through Certificates, Series 2006-W33” (the “Group II Interest Coverage Account”). The Trustee shall, promptly upon receipt, deposit in each Interest Coverage Account and retain therein the related Interest Coverage Amount, remitted on the Closing Date to the Trustee by the Depositor. Funds deposited in the Interest Coverage Accounts shall be held in trust by the Trustee for the Certificateholders for the uses and purposes set forth herein.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Fremont Home Loan Trust 2006-3), Pooling and Servicing Agreement (Fremont Home Loan Trust 2006-3)

Interest Coverage Accounts. (a) If amounts are required to be deposited in the Interest Coverage Accounts, no later than the Closing Date, the Trustee shall establish and maintain a segregated non-interest bearing trust account that is an Eligible Account, which shall be titled (i) “Group I Interest Coverage Account, Deutsche Bank National Trust Company, as Trustee trustee for the registered holders of Argent Securities Inc.First Franklin Mortgage Loan Trust 2005-FFH3, Asset-Backed Pass-Through Certificates, Series 20062005-W3FFH3” (the “Group I Interest Coverage Account”) and (ii) “Group II Interest Coverage Account, Deutsche Bank National Trust Company, as Trustee trustee for the registered holders of Argent Securities Inc.First Franklin Mortgage Loan Trust 2005-FFH3, Asset-Backed Pass-Through Certificates, Series 20062005-W3FFH3” (the “Group II Interest Coverage Account”). The Trustee shall, promptly upon receipt, deposit in each Interest Coverage Account and retain therein the related Interest Coverage Amount, remitted on the Closing Date to the Trustee by the Depositor. Funds deposited in the Interest Coverage Accounts shall be held in trust by the Trustee for the Certificateholders for the uses and purposes set forth herein.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (First Franklin Mortgage Loan Trust 2005-Ffh3), Pooling and Servicing Agreement (First Franklin Mortgage Loan Trust 2005-Ffh3)

Interest Coverage Accounts. (a) If amounts are required to be deposited in the Interest Coverage Accounts, no later than the Closing Date, the The Trustee shall establish and maintain a segregated non-interest bearing trust account that is an Eligible Account, which shall be titled (i) “Group I Interest Coverage Account, Deutsche Bank National Trust Company, as Trustee and Supplemental Interest Trust Trustee for the registered holders of Argent Securities Inc., Home Equity Mortgage Loan Asset-Backed Pass-Through Certificates, Series 2006INABS 2007-W3A” (the “Group I Interest Coverage Account”) and (ii) “Group II Interest Coverage Pre-Funding Account, Deutsche Bank National Trust Company, as Trustee and Supplemental Interest Trust Trustee for the registered holders of Argent Securities Inc., Home Equity Mortgage Loan Asset-Backed Pass-Through Certificates, Series 2006INABS 2007-W3A” (the “Group II Interest Coverage Account”). The Trustee shall, promptly upon receipt, deposit in each Interest Coverage Account and retain therein the related Interest Coverage Amount, amount remitted on the Closing Date to the Trustee by the Depositor. Funds deposited in the Interest Coverage Accounts shall be held in trust by the Trustee for the Certificateholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Home Equity Mortgage Loan Asset Backed Trust, Series INABS 2007-A)

Interest Coverage Accounts. (a) If amounts are required to be deposited in the Interest Coverage Accounts, no later than the Closing Date, the Trustee shall establish and maintain a segregated non-interest bearing trust account that is an Eligible Account, which shall be titled (i) "Group I Interest Coverage Account, Deutsche Bank National Trust Company, as Trustee trustee for the registered holders of Argent Securities Inc.First Franklin Mortgage Loan Trust 2005-FF4, Asset-Backed Pass-Through Certificates, Series 20062005-W3” FF4" (the "Group I Interest Coverage Account") and (ii) "Group II Interest Coverage Pre-Funding Account, Deutsche Bank National Trust Company, as Trustee trustee for the registered holders of Argent Securities Inc.First Franklin Mortgage Loan Trust 2005-FF4, Asset-Backed Pass-Through Certificates, Series 20062005-W3” FF4" (the "Group II Interest Coverage Account"). The Trustee shall, promptly upon receipt, deposit in each Interest Coverage Account and retain therein the related Interest Coverage Amount, remitted on the Closing Date to the Trustee by the Depositor. Funds deposited in the Interest Coverage Accounts shall be held in trust by the Trustee for the Certificateholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (First Franklin Mortgage Loan Trust 2005-Ff4)

Interest Coverage Accounts. (a) If amounts are required to be deposited in the Interest Coverage Accounts, no later than the Closing Date, the Trustee shall establish and maintain a segregated non-interest bearing trust account that is an Eligible Account, which shall be titled (i) "Group I Interest Coverage Account, Deutsche Bank National Trust Company, as Trustee trustee for the registered holders of Argent Securities Inc.Meritage Mortgage Loan Trust 2005-1, Asset-Backed Pass-Through Certificates, Series 20062005-W3” 1" (the "Group I Interest Coverage Account") and (ii) "Group II Interest Coverage Account, Deutsche Bank National Trust Company, as Trustee trustee for the registered holders of Argent Securities Inc.Meritage Mortgage Loan Trust 2005-1, Asset-Backed Pass-Through Certificates, Series 20062005-W3” 1" (the "Group II Interest Coverage Account"). The Trustee shall, promptly upon receipt, deposit in each Interest Coverage Account and retain therein the related Interest Coverage Amount, remitted on the Closing Date to the Trustee by the Depositor. Funds deposited in the Interest Coverage Accounts shall be held in trust by the Trustee for the Certificateholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Meritage Mortgage Loan Trust 2005-1 Asset-Backed Certificates, Series 2005-1)

Interest Coverage Accounts. (a) If amounts are required the amount to be deposited in the an Interest Coverage Accounts, no later Account is greater than the Closing Datezero, the Trustee shall establish and maintain a segregated non-interest bearing trust account that is an Eligible Account, which shall be titled (i) “Group I Interest Coverage Account, Deutsche Bank National Trust Company, as Trustee and Supplemental Interest Trust Trustee for the registered holders of Argent Securities Inc., Home Equity Mortgage Loan Asset-Backed Pass-Through Certificates, Series 2006INABS 2007-W3B” (the “Group I Interest Coverage Account”) and (ii) “Group II Interest Coverage Pre-Funding Account, Deutsche Bank National Trust Company, as Trustee and Supplemental Interest Trust Trustee for the registered holders of Argent Securities Inc., Home Equity Mortgage Loan Asset-Backed Pass-Through Certificates, Series 2006INABS 2007-W3B” (the “Group II Interest Coverage Account”). The Trustee shall, promptly upon receipt, deposit in each Interest Coverage Account and retain therein the related Interest Coverage Amount, amount remitted on the Closing Date to the Trustee by the Depositor. Funds deposited in the Interest Coverage Accounts shall be held in trust by the Trustee for the Certificateholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Home Equity Mortgage Loan Asset-Backed Trust, Series Inabs 2007-B)

Interest Coverage Accounts. (a) If amounts are required to be deposited in the Interest Coverage Accounts, no later than the Closing Date, the Trustee shall establish and maintain a segregated non-interest bearing trust account that is an Eligible Account, which shall be titled (i) “Group I Interest Coverage Account, Deutsche Bank National Trust Company, as Trustee trustee for the registered holders of Argent Securities Inc.GreenPoint Mortgage Funding Trust 2005-HY1, Asset-Backed Pass-Through Certificates, Series 20062005-W3HY1” (the “Group I Interest Coverage Account”) and (ii) “Group II Interest Coverage Account, Deutsche Bank National Trust Company, as Trustee trustee for the registered holders of Argent Securities Inc.GreenPoint Mortgage Funding Trust 2005-HY1, Asset-Backed Pass-Through Certificates, Series 20062005-W3HY1” (the “Group II Interest Coverage Account”). The Trustee shall, promptly upon receipt, deposit in each Interest Coverage Account and retain therein the related Interest Coverage Amount, remitted on the Closing Date to the Trustee by the Depositor. Funds deposited in the Interest Coverage Accounts shall be held in trust by the Trustee for the Certificateholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Greenpoint Mortgage Funding Trust 2005-Hy1)

Interest Coverage Accounts. (a) If amounts are required to be deposited in the Interest Coverage Accounts, no later than the Closing Date, the Trustee shall establish and maintain a segregated non-interest bearing trust account that is an Eligible Account, which shall be titled (i) "Group I Interest Coverage Account, Deutsche Bank National Trust Company, as Trustee trustee for the registered holders of Argent Securities Inc.Meritage Mortgage Loan Trust 2005-2, Asset-Backed Pass-Through Certificates, Series 20062005-W3” 2" (the "Group I Interest Coverage Account") and (ii) "Group II Interest Coverage Account, Deutsche Bank National Trust Company, as Trustee trustee for the registered holders of Argent Securities Inc.Meritage Mortgage Loan Trust 2005-2, Asset-Backed Pass-Through Certificates, Series 20062005-W3” 2" (the "Group II Interest Coverage Account"). The Trustee shall, promptly upon receipt, deposit in each Interest Coverage Account and retain therein the related Interest Coverage Amount, remitted on the Closing Date to the Trustee by the Depositor. Funds deposited in the Interest Coverage Accounts shall be held in trust by the Trustee for the Certificateholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Meritage Mortgage Loan Trust 2005-2)

Interest Coverage Accounts. (a) If amounts are required to be deposited in the Interest Coverage Accounts, no later than the Closing Date, the Trustee shall establish and maintain a segregated non-interest bearing trust account that is an Eligible Account, which shall be titled (i) "Group I Interest Coverage Account, Deutsche Bank National Trust Company, as Trustee for the registered holders of Argent Ameriquest Securities Inc., Asset-Backed Pass-Through Certificates, Series 20062004-W3” R12" (the "Group I Interest Coverage Account") and (ii) "Group II Interest Coverage Account, Deutsche Bank National Trust Company, as Trustee for the registered holders of Argent Ameriquest Mortgage Securities Inc., Asset-Backed Pass-Through Certificates, Series 20062004-W3” R12" (the "Group II Interest Coverage Account"). The Trustee shall, promptly upon receipt, deposit in each Interest Coverage Account and retain therein the related Interest Coverage Amount, remitted on the Closing Date to the Trustee by the Depositor. Funds deposited in the Interest Coverage Accounts shall be held in trust by the Trustee for the Certificateholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Asset-Backed Pass-Through Certificates, Series 2004-R12)

Interest Coverage Accounts. (a) If amounts are required to be deposited in the Interest Coverage Accounts, no later than the Closing Date, the Trustee shall establish and maintain a segregated non-interest bearing trust account that is an Eligible Account, which shall be titled (i) "Group I Interest Coverage Account, Deutsche Bank National Trust Company, as Trustee trustee for the registered holders of Argent Securities Inc., Home Equity Mortgage Loan Asset-Backed Pass-Through CertificatesTrust, Series 2006INABS 2005-W3” C" (the “Group "GROUP I Interest Coverage Account”INTEREST COVERAGE ACCOUNT") and (ii) "Group II Interest Coverage Account, Deutsche Bank National Trust Company, as Trustee trustee for the registered holders of Argent Securities Inc., Home Equity Mortgage Loan Asset-Backed Pass-Through CertificatesTrust, Series 2006INABS 2005-W3” C" (the “Group "GROUP II Interest Coverage Account”INTEREST COVERAGE ACCOUNT"). The Trustee shall, promptly upon receipt, deposit in each Interest Coverage Account and retain therein the related Interest Coverage Amount, remitted on the Closing Date to the Trustee by the Depositor. Funds deposited in the Interest Coverage Accounts shall be held in trust by the Trustee for the Certificateholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Home Equity Mortgage Loan Asset-Backed Trust, Series INABS 2005-C)

Interest Coverage Accounts. (a) If amounts are required to be deposited in the Interest Coverage Accounts, no No later than the Closing Date, the Indenture Trustee shall establish and maintain a two segregated non-interest bearing trust account accounts that is are an Eligible Account, which shall be titled (i) “"Group I 1 Interest Coverage Account, Deutsche Bank National Trust Company, as Trustee indenture trustee for the registered holders of Argent Securities Inc.IMH Assets Corp., Collateralized Asset-Backed Pass-Through CertificatesBonds, Series 20062005-W3” 1" (the "Group I 1 Interest Coverage Account") and (ii) “"Group II 1 Interest Coverage Account, Deutsche Bank National Trust Company, as Trustee indenture trustee for the registered holders of Argent Securities Inc.IMH Assets Corp., Collateralized Asset-Backed Pass-Through CertificatesBonds, Series 20062005-W3” 1" (the "Group II 1 Interest Coverage Account" and together with the Group 1 Interest Coverage Account, the "Interest Coverage Accounts"). The Indenture Trustee shall, promptly upon receipt, deposit in each Interest Coverage Account and retain therein the related Interest Coverage Amount, Amount remitted on the Closing Date to the Indenture Trustee by the Depositor. Funds deposited in the Interest Coverage Accounts shall be held in trust by the Indenture Trustee for the Certificateholders Bondholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Servicing Agreement (Imh Assets Corp Impac CMB Trust Series 2005-1)

Interest Coverage Accounts. (a) If amounts are required to be deposited in the Interest Coverage Accounts, no later than the Closing Date, the Trustee shall establish and maintain a segregated non-interest bearing trust account that is an Eligible Account, which shall be titled (i) "Group I Interest Coverage Account, Deutsche Bank National Trust Company, as Trustee trustee for the registered holders of Argent Securities Inc.Soundview Home Loan Trust 2005-OPT1, Asset-Backed Pass-Through Certificates, Series 20062005-W3” OPT1" (the "Group I Interest Coverage Account") and (ii) "Group II Interest Coverage Account, Deutsche Bank National Trust Company, as Trustee trustee for the registered holders of Argent Securities Inc.Soundview Home Loan Trust 2005-OPT1, Asset-Backed Pass-Through Certificates, Series 20062005-W3” OPT1" (the "Group II Interest Coverage Account"). The Trustee shall, promptly upon receipt, deposit in each Interest Coverage Account and retain therein the related Interest Coverage Amount, remitted on the Closing Date to the Trustee by the Depositor. Funds deposited in the Interest Coverage Accounts shall be held in trust by the Trustee for the Certificateholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Soundview Home Loan Trust 2005-Opt1)

Interest Coverage Accounts. (ai) If amounts are required to be deposited in the Interest Coverage Accounts, no later than the Closing Date, the Trustee shall establish and maintain a segregated non-interest bearing trust account that is an Eligible Account, which shall be titled (i) "Group I Interest Coverage Account, Deutsche Bank National Trust Company, as Trustee trustee for the registered holders of Argent Securities Inc., Home Equity Mortgage Loan Asset-Backed Pass-Through CertificatesTrust, Series 2006INABS 2005-W3” B" (the "Group I Interest Coverage Account") and (ii) "Group II Interest Coverage Account, Deutsche Bank National Trust Company, as Trustee trustee for the registered holders of Argent Securities Inc., Home Equity Mortgage Loan Asset-Backed Pass-Through CertificatesTrust, Series 2006INABS 2005-W3” B" (the "Group II Interest Coverage Account"). The Trustee shall, promptly upon receipt, deposit in each Interest Coverage Account and retain therein the related Interest Coverage Amount, remitted on the Closing Date to the Trustee by the Depositor. Funds deposited in the Interest Coverage Accounts shall be held in trust by the Trustee for the Certificateholders for the uses and purposes set forth hereinherein .

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Indymac Home Equity Mortgage Loan Asset-Backed Trust, Series Inabs 2005-B)

Interest Coverage Accounts. (a) If amounts are required to be deposited in the Interest Coverage Accounts, no No later than the Closing Date, the Trustee shall establish and maintain a two segregated non-interest bearing trust account accounts that is an are each Eligible AccountAccounts, which shall be titled (i) “titled, "Group I Interest Coverage Account, Deutsche Bank National Trust Company, as Trustee Trustee, in trust for the registered holders Holders of Argent Ameriquest Mortgage Securities Inc., Asset-Backed Pass-Through Certificates, Series 2006-W3” 2002- C" (the "Group I Interest Coverage Account") and (ii) “"Group II Interest Coverage Account, Deutsche Bank National Trust Company, as Trustee Trustee, in trust for the registered holders Holders of Argent Ameriquest Mortgage Securities Inc., AssetSeries 2002-Backed Pass-Through Certificates, Series 2006-W3” C" (the "Group II Interest Coverage Account"). The Trustee shall, promptly upon receipt, deposit in each the Group I Interest Coverage Account and the Group II Interest Coverage Account, and retain therein the related Group I Interest Coverage Amount and the Group II Interest Coverage Amount, respectively, remitted on the Closing Date to the Trustee by the Depositor. Funds deposited in the Interest Coverage Accounts shall be held in trust by the Trustee for the Certificateholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Ameriquest Mort Sec Inc Asset Bk Pass THR Cert Ser 2002-C)

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Interest Coverage Accounts. (a) If amounts are required to be deposited in the Interest Coverage Accounts, no later than the Closing Date, the Trustee shall establish and maintain a segregated non-interest bearing trust account that is an Eligible Account, which shall be titled (i) “Group I Interest Coverage Account, Deutsche Bank National Trust Company, as Trustee for the registered holders of Argent Ameriquest Securities Inc., Asset-Backed Pass-Through Certificates, Series 20062005-W3R4” (the “Group I Interest Coverage Account”) and (ii) “Group II Interest Coverage Account, Deutsche Bank National Trust Company, as Trustee for the registered holders of Argent Ameriquest Mortgage Securities Inc., Asset-Backed Pass-Through Certificates, Series 20062005-W3R4” (the “Group II Interest Coverage Account”). The Trustee shall, promptly upon receipt, deposit in each Interest Coverage Account and retain therein the related Interest Coverage Amount, remitted on the Closing Date to the Trustee by the Depositor. Funds deposited in the Interest Coverage Accounts shall be held in trust by the Trustee for the Certificateholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Distribution Instructions (Asset-Backed Pass-Through Certificates, Series 2005-R4)

Interest Coverage Accounts. (a) If amounts are required to be deposited in the Interest Coverage Accounts, no later than the Closing Date, the Trustee shall establish and maintain a segregated non-interest bearing trust account that is an Eligible Account, which shall be titled (i) "Group I Interest Coverage Account, Deutsche Bank National Trust Company, as Trustee trustee for the registered holders of Argent Securities Inc.First Franklin Mortgage Loan Trust 2004-FFH4, Asset-Backed Pass-Through Certificates, Series 20062004-W3” FFH4" (the "Group I Interest Coverage Account") and (ii) "Group II Interest Coverage Pre-Funding Account, Deutsche Bank National Trust Company, as Trustee trustee for the registered holders of Argent Securities Inc.First Franklin Mortgage Loan Trust 2004-FFH4, Asset-Backed Pass-Through Certificates, Series 20062004-W3” FFH4" (the "Group II Interest Coverage Account"). The Trustee shall, promptly upon receipt, deposit in each Interest Coverage Account and retain therein the related Interest Coverage Amount, remitted on the Closing Date to the Trustee by the Depositor. Funds deposited in the Interest Coverage Accounts shall be held in trust by the Trustee for the Certificateholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (First Franklin Mortgage Loan Trust 2004-Ffh4)

Interest Coverage Accounts. (a) If amounts are required to be deposited in the Interest Coverage Accounts, no No later than the Closing Date, the Indenture Trustee shall establish and maintain a two segregated non-interest bearing trust account accounts that is an are Eligible AccountAccounts, which shall be titled (i) “"Group I 1 Interest Coverage Account, Deutsche Bank National Trust Company, as Trustee indenture trustee for the registered holders of Argent Securities Inc.IMH Assets Corp., Collateralized Asset-Backed Pass-Through CertificatesBonds, Series 20062004-W3” 7" (the "Group I 1 Interest Coverage Account") and (ii) “"Group II 2 Interest Coverage Account, Deutsche Bank National Trust Company, as Trustee indenture trustee for the registered holders of Argent Securities Inc.IMH Assets Corp., Collateralized Asset-Backed Pass-Through CertificatesBonds, Series 20062004-W3” 7" (the "Group II 2 Interest Coverage Account", and together with the Group 1 Interest Coverage Account, the "Interest Coverage Accounts"). The Indenture Trustee shall, promptly upon receipt, deposit in each Interest Coverage Account and retain therein the related Interest Coverage Amount, Amount remitted on the Closing Date to the Indenture Trustee by the Depositor. Funds deposited in the Interest Coverage Accounts shall be held in trust by the Indenture Trustee for the Certificateholders Bondholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Servicing Agreement (Imh Assets Corp Impac CMB Trust Series 2004-7)

Interest Coverage Accounts. (a) If amounts are required to be deposited in the Interest Coverage Accounts, no later than the Closing Date, the The Trustee shall establish and maintain a segregated non-interest bearing trust account that is an Eligible Account, which shall be titled (i) “Group I Interest Coverage Account, Deutsche Bank National Trust Company, as Trustee and Supplemental Interest Trust Trustee for the registered holders of Argent Securities Inc., Home Equity Mortgage Loan Asset-Backed Pass-Through Certificates, Series INABS 2006-W3E” (the “Group I Interest Coverage Account”) and (ii) “Group II Interest Coverage Pre-Funding Account, Deutsche Bank National Trust Company, as Trustee and Supplemental Interest Trust Trustee for the registered holders of Argent Securities Inc., Home Equity Mortgage Loan Asset-Backed Pass-Through Certificates, Series INABS 2006-W3E” (the “Group II Interest Coverage Account”). The Trustee shall, promptly upon receipt, deposit in each Interest Coverage Account and retain therein the related Interest Coverage Amount, amount remitted on the Closing Date to the Trustee by the Depositor. Funds deposited in the Interest Coverage Accounts shall be held in trust by the Trustee for the Certificateholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac Home Equity Mortgage Loan Asset-Backed Trust, Series INABS 2006-E)

Interest Coverage Accounts. (a) If amounts are required to be deposited in the Interest Coverage Accounts, no No later than the Closing Date, the Trustee shall establish and maintain a two segregated non-interest bearing trust account accounts that is an are Eligible AccountAccounts, which shall be titled (i) “"Group I Interest Coverage Account, Deutsche Bank National Trust Company, as Trustee for the registered holders of Argent Ameriquest Mortgage Securities Inc., Asset-Backed Pass-Through Certificates, Series 20062002-W3” 5" (the "Group I Interest Coverage Account") and (ii) “"Group II Interest Coverage Account, Deutsche Bank National Trust Company, as Trustee for the registered holders of Argent Ameriquest Mortgage Securities Inc., Asset-Backed Pass-Through Certificates, Series 20062002-W3” 5" (the "Group II Interest Coverage Account"). The Trustee shall, promptly upon receipt, deposit in each the applicable Interest Coverage Account and retain therein the related Group I Interest Coverage Amount and the Group II Interest Coverage Amount, as applicable, remitted on the Closing Date to the Trustee by the Depositor. Funds deposited in the Interest Coverage Accounts shall be held in trust by the Trustee for the Certificateholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Ameriquest Mortgage Sec Inc Asset Backed Thru Cer Ser 2002-5)

Interest Coverage Accounts. (a) If amounts are required to be deposited in the Interest Coverage Accounts, no later than the Closing Date, the Trustee shall establish and maintain a segregated non-interest bearing trust account that is an Eligible Account, which shall be titled (i) "Group I Interest Coverage Account, Deutsche Bank National Trust Company, as Trustee trustee for the registered holders of Argent Securities Inc.Soundview Home Loan Trust 2005-1, Asset-Backed Pass-Through Certificates, Series 20062005-W3” 1" (the "Group I Interest Coverage Account") and (ii) "Group II Interest Coverage Account, Deutsche Bank National Trust Company, as Trustee trustee for the registered holders of Argent Securities Inc.Soundview Home Loan Trust 2005-1, Asset-Backed Pass-Through Certificates, Series 20062005-W3” 1" (the "Group II Interest Coverage Account"). The Trustee shall, promptly upon receipt, deposit in each Interest Coverage Account and retain therein the related Interest Coverage Amount, remitted on the Closing Date to the Trustee by the Depositor. Funds deposited in the Interest Coverage Accounts shall be held in trust by the Trustee for the Certificateholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Soundview Home Loan Trust 2005-1)

Interest Coverage Accounts. (a) If amounts are required to be deposited in the Interest Coverage Accounts, no later than the Closing Date, the The Trustee shall establish and maintain a segregated non-interest bearing trust account that is an Eligible Account, which shall be titled (i) “Group I Interest Coverage Account, Deutsche Bank National Trust Company, as Trustee and Supplemental Interest Trust Trustee for the registered holders of Argent Securities Inc., Home Equity Mortgage Loan Asset-Backed Pass-Through Certificates, Series INABS 2006-W3D” (the “Group I Interest Coverage Account”) and (ii) “Group II Interest Coverage Pre-Funding Account, Deutsche Bank National Trust Company, as Trustee and Supplemental Interest Trust Trustee for the registered holders of Argent Securities Inc., Home Equity Mortgage Loan Asset-Backed Pass-Through Certificates, Series INABS 2006-W3D” (the “Group II Interest Coverage Account”). The Trustee shall, promptly upon receipt, deposit in each Interest Coverage Account and retain therein the related Interest Coverage Amount, amount remitted on the Closing Date to the Trustee by the Depositor. Funds deposited in the Interest Coverage Accounts shall be held in trust by the Trustee for the Certificateholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac MBS Home Equity Mortgage Loan Asset Backed Trust, Series INABS 2006-D)

Interest Coverage Accounts. (a) If amounts are required to be deposited in the Interest Coverage Accounts, no later than the Closing Date, the Trustee shall establish and maintain a segregated non-interest bearing trust account that is an Eligible Account, which shall be titled (i) “Group I Interest Coverage Account, Deutsche Bank National Trust Company, as Trustee trustee for the registered holders of Argent Securities Inc.First Franklin Mortgage Loan Trust 2005-FFH4, Asset-Backed Pass-Through Certificates, Series 20062005-W3FFH4” (the “Group I Interest Coverage Account”) and (ii) “Group II Interest Coverage Account, Deutsche Bank National Trust Company, as Trustee trustee for the registered holders of Argent Securities Inc.First Franklin Mortgage Loan Trust 2005-FFH4, Asset-Backed Pass-Through Certificates, Series 20062005-W3FFH4” (the “Group II Interest Coverage Account”). The Trustee shall, promptly upon receipt, deposit in each Interest Coverage Account and retain therein the related Interest Coverage Amount, remitted on the Closing Date to the Trustee by the Depositor. Funds deposited in the Interest Coverage Accounts shall be held in trust by the Trustee for the Certificateholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (First Franklin Mortgage Loan Trust 2005-Ffh4)

Interest Coverage Accounts. (a) If amounts are required to be deposited in the Interest Coverage Accounts, no later than the Closing Date, the Trustee shall establish and maintain a segregated non-interest bearing trust account that is an Eligible Account, which shall be titled (i) “Group I Interest Coverage Account, Deutsche Bank National Trust Company, as Trustee for the registered holders of Argent Securities Inc., Asset-Backed Pass-Through Certificates, Series 2006-W3M1” (the “Group I Interest Coverage Account”) and (ii) “Group II Interest Coverage Account, Deutsche Bank National Trust Company, as Trustee for the registered holders of Argent Securities Inc., Asset-Backed Pass-Through Certificates, Series 2006-W3M1” (the “Group II Interest Coverage Account”). The Trustee shall, promptly upon receipt, deposit in each Interest Coverage Account and retain therein the related Interest Coverage Amount, remitted on the Closing Date to the Trustee by the Depositor. Funds deposited in the Interest Coverage Accounts shall be held in trust by the Trustee for the Certificateholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Argent Securities Trust 2006-M1)

Interest Coverage Accounts. (a) If any amounts are required to be deposited in the an Interest Coverage AccountsAccount, no later than the Closing Date, the Trustee shall establish and maintain a segregated non-interest bearing trust account that is an Eligible Account, which shall be titled (i) "Group I Interest Coverage Account, Deutsche Bank National Trust Company, as Trustee for the registered holders of Argent Securities Inc., Asset-Backed Pass-Through Certificates, Series 20062004-W3” W11" (the "Group I Interest Coverage Account") and (ii) "Group II Interest Coverage Pre-Funding Account, Deutsche Bank National Trust Company, as Trustee for the registered holders of Argent Securities Inc., Asset-Backed Pass-Through Certificates, Series 20062004-W3” W11" (the "Group II Interest Coverage Pre-Funding Account"). The Trustee shall, promptly upon receipt, deposit in each Interest Coverage Account and retain therein the related Interest Coverage Amountamount, remitted on the Closing Date to the Trustee by the Depositor. Funds deposited in the Interest Coverage Accounts shall be held in trust by the Trustee for the Certificateholders for and the Certificate Insurerfor the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Argent Securities Inc Asset-Backed Pass-Through Certificates, Series 2004-W11)

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